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Karl Stefanovic has settled his divorce with Cassandra Thorburn.
The Today host – who earns $3 million a year from his presenting gig – walked away with just $500,000 in cash and assets as well as his beloved white Mercedes, leaving $6 million to his former wife of 21 years.
Sources tell The Daily Telegraph that the arrangement was a ‘tough’ settlement – which saw Cassandra keep their $8 million ‘significantly mortgaged’ waterside mansion in Cremorne, Sydney as well child support.
However it is believed Karl was prepared to take thr hit in order to maintain joint custody of their three children Jackson, 17, Ava, 12 and River, 10.
The settlement is believed to have been finalised just days after the TV personality was snapped on holiday in the US with his girlfriend, 33-year-old designer Jasmine Yarbrough.
‘There was always the sense that it would be a big settlement and obviously not in his favour,” a friend revealed to the publication.
‘He was quite prepared to walk away with nothing, hand everything over with the one condition that he be able to see his children whenever he wanted.
‘And I think they have managed to agree on that.’
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