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Brad Pitt and Angelina Jolie battle over $164M French estate

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Brad Pitt and Angelina Jolie battle over $164M French estate

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According to a court file acquired by Fox News, Angelina Jolie and Brad Pitt’s divorce was finalized in 2019, but the former couple is still at odds over a luxury property they co-own in France.

Documents filed in Luxembourg reveal that Jolie has been accused of attempting to sell her 50 percent share in the $164 million Chateau Miraval in Correns, France, without first offering Pitt the chance to buy her out.

The enormous property is owned by a distinct limited liability businesses that both partners control. Court documents show that Miraval is owned by Quimicum, a company in which Pitt previously held a 60 percent share through his company Mondo Bongo. Meanwhile, through her business Nouvel, Jolie held 40%.

Pitt and Jolie’s Chateau Miraval is located in Correns, France.
Corbis via Getty Images

Pitt eventually allowed to transfer part of its shares to Jolie’s Nouvel, bringing its holdings in Quimicum to a 50-50 split.

In a recent claim, the complaint asked the court to declare the 10% transfer “void” since the shares were sold for an absurdly low price—€1 ($1.17)—when the company is now worth €140 million (about $164 million). According to the lawsuit, Nouvel (Jolie’s firm) failed to work in Quimicum’s best interests, and has been accused of persistently delaying the approval of the annual accounts and the manager’s renewal.

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The documents read: ‘It is worth mentioning that, for the last four years, Nouvel did not act in the best interest of Quimicum by systematically delaying the approval of the annual accounts and the renewal of the manager.’

“We understand that behind this systematic obstruction, the real purpose of Nouvel and its shareholder [Jolie] is to sell its stake in Chateau Miraval SA in a way that would circumvent Mondo Bongo’s right of first refusal (as provided in Quimicum’s articles of approval), taking, as a result, a capital gain raised thanks to Mondo Bongo’s investment and to which Nouvel did not contribute.”

“It’s another example of Angelina trying to circumvent the rules and avoid their obligations,” a source said.

They claimed: ‘This is pretty consistent with this person’s behaviour and is why she has been deemed “not credible” based on the testimony of numerous experts, medical professionals, therapists, and others who know her best in the recent ruling of the custodial case.’

The couple had a unique connection to the 1,000-acre (1.5-square-mile) estate because it was where they married in a private ceremony with only their six children in 2014.

The pair got married at their sprawling French estate in 2014.
INFphoto.com

According to Page Six, as part of their agreement, the former couple promised to ask each other for permission to sell their shares if they ever wished to.

Sources told Fox News that Jolie’s alleged dealings with the property are an attempt by the actress to shift the goalposts and avoid her obligations to Pitt, as the parties allegedly agreed to give the other the option to buy the estate outright if one of them wanted out of the deal.

Pitt’s business is now attempting to reverse the transfer of Quimicum shares and return the company’s ownership balance to 60-40.

In August 2016, Jolie filed for divorce, citing “irreconcilable differences” and asking for primary custody of five of their six children: Pax, 17, Zahara, 16, Shiloh, 15, and twins Vivienne and Knox, 13 years old. Maddox is now 20 years old.

Pitt and Jolie are seen walking with four of their six kids in 2011. The pair split in 2016.
GRPR JAXN/AKM-GSI

Pitt was granted shared custody of the children after a five-year battle. But Pitt has been accused by Jolie’s lawyers of abusing his celebrity position to gain an advantage in their custody battle.

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