TRENDING Published September21, 2016 By Staff Writer

Angelina Jolie and Brad Pitt Divorce News Update: How Will They Split Their $400M Asset?

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Brad Pitt and Angelina Jolie
(Photo : By:Eamonn M. McCormack Getty Images Entertainment)

After several years of divorce rumros, the super star Hollywood couple Angelina Jolie and Brad Pitt has split eventually.

Jolie filed for divorce on Monday, citing 'irreconcilable differences' after 12 years of marriage. She is not seeking any spousal support.

Actress Angeline Jolie has an estimated net worth of $160 million while Brad Pitt reportedly has a $240 million net worth.

Los Angeles Lawyer, Lynda Sheridan told FOX411 that while the couple has been living together for 12 years, their two-year marriage was quite short in the eyes of the court.

According to Forbes Throughout their time together , Pitt and Jolie raked in north of $550 million, with more than $300 million attributed to the former. Since 2014, the Fight Club Pitt has pulled in $76 million, out of the duo's $117.5 million.

Pitt already went through expensive divorce with his ex-wife Aniston. They settled with a $60 million settlement in 2005, with Aniston getting $29 million and Pitt getting $31 million. Aniston also got their Beverly Hills mansion out of the deal, but Pitt was able to keep control of his Plan B production company.

Sheredian said "Keep in mind most of these properties were probably acquired before marriage, so only if both parties are on title do I believe there will be contentions of joint ownership," she said. "The Community property presumption applies to assets and property acquired during marriage."

Sheridan suggested that Jolie and Pitt should resolve the division of assets in private arbitration away from the public's eyes.

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