Tom Vitale and Valerie Bertinelli, Food Network stars, have finalized their divorce, which might put a slight dent in Valerie’s significant net worth.
Documents obtained by PEOPLE reveal that the divorce was settled and a proposed judgement was filed Tuesday, November 22. Bertinelli and Vitale, as well as their respective lawyers, signed off on the 12-page document.
But as part of the divorce settlement, Bertinelli will have to pay Vitale $2.2 million “in full, final, and complete settlement and satisfaction of any and all claims between them.”
This has some wondering about the pair’s respective net worths and how they will be impacted by the recent filing. Let’s take a look.
Tom Vitale started out as a financial planner but his job has changed
Financial agreements have been front and center of Tom and Valerie’s separation. RadarOnline.com obtained details of the court filing which reveal that Tom Vitale was initially seeking spousal support of $50,000 per month. On Wednesday, November 23, it was noted that neither Bertinelli nor Vitale will receive spousal support, as per the Daily Mail.
In his filing, Vitale also admitted that his financial situation has shifted massively over the past decade. He was working in financial planning and investing before his marriage to Bertinelli, however his license expired in 2006.
Vitale’s lawyer told the court: “Tom currently volunteers at the Valley Recovery Center with at-risk youth teaching them financial planning.” RadarOnline.com also report that Vitale currently works at the Postal Annex in Malibu, with financial records revealing he started in July 2022 and currently makes $16 per hour.
Tom Vitale’s net worth set to rise after divorce settlement
Now that their divorce has been finalized, the former financial planner’s net worth is set to rise. Rather than the $50,000 per month support payments, Vitale is receiving $2.2 million from Bertinelli in full. This sees his net worth rise to the low millions.
Celebrity Net Worth falsely reports that Tom Vitale’s net worth is around $5 million. This is as they have misreported Valerie Bertinelli’s ex-husband Tom Vitale as a producer and television executive with the same name.
Valerie Bertinelli’s ex-husband Tom Vitale is also not the same TV producer who traveled with Anthony Bourdain making Parts Unknown and No Reservations.
What is Valerie Bertinelli’s net worth in 2022?
As reported by Celebrity Net Worth, Valerie Bertinelli has a net worth of $20 million as of this year. This has been amassed thanks to her illustrious acting career and work with the Food Network.
The 62-year-old presenter, chef and author lives in a Los Angeles property which she purchased in 2002 for a mega $2.25 million. This just tops the amount of she will pay Tom Vitale in their divorce filing, which is also around 10% of Bertinelli’s total net worth.
While Bertinelli’s finances might slightly dip after with the divorce now finalized, her net worth still towers over ex-husband Tom Vitale’s.
About Valerie Bertinelli and Tom Vitale’s marriage
Valerie Bertinelli and Tom Vitale got married in June 2011 after several years of dating.
In May, Bertinelli filed for divorce of her husband of 10 years six months, citing “irreconcilable differences”. She had reportedly filed for separation a year ago, in November 2021. Bertinelli described November 22, 2022 as the “second best day” of her life after her divorce was settled.
Bertinelli was previously married from 1981 to 2007 to Eddie Van Halen. They had one child together, Wolf, who is now 31.