What does RHOC Shannon Beador’s ex-husband David do for a living to afford to pay $22,500 a month in alimony?
It was clear Shannon and David Beador led a charmed life when they debuted on The Real Housewives of Orange County.
Their 13,306 square foot home was equipped with a panic room, indoor basketball court, underground parking, piano room, The Orange Country Register reports. Plus the home has “solid wood paneling, organic wallpaper, clean-air technology, and a purified water system.”
But when David cheated on Shannon and the couple couldn’t move past the infidelity, they split. The home was put on the market for $16 million, but the Beadors took $9.05 million, according to the OC Register. And while $9 million is a decent chunk of change, the couple scabbled over alimony during their divorce.
In the end, Shannon was awarded joint custody of their three daughters, along with $22,500 a month in child and spousal support, People reports. Considering $22,500 is what some people make in a year, how is it possible for David to pay Shannon that much each month? Plus does she really need all that money?
David was not happy about alimony payments
Originally, David was asked to pay Shannon $30,000 a month, People reports. However, Shannon and her attorney negotiated with David, who represented himself, down to $22,500. A source close to the couple said David was “shaking with anger” and “spewed profanities at Shannon.” Adding that the payments would bankrupt his company.
According to People, support payments are, “Payments are without prejudice and subject to retroactive modification dating back to Dec. 1, 2017, the date Shannon filed for divorce.” And, “If the support order is greater than $22,500 per month, David will owe Shannon additional support for the period; if the order is less than $22,500 per month, Shannon will be charged with the excess support she has received.”
Where does David work?
David is the co-owner and founder of Beador Construction, Inc., according to Celebrity Net Worth. He founded the company in 1996 with his father, which currently has about 80 employees. The company handles civil engineering projects like highway, street, and bridge construction. Plus residential and commercial construction too. Celebrity Net Worth reports the company generates about $13 million per year in revenue.
David’s net worth is around $20 million, Celebrity Net Worth reports. He made approximately $179,432 a month in 2016, pre-taxed from Beador Construction Inc., Daily Mail reports.
This is why $22,500 a month may not be enough for Shannon
According to divorce documents, Shannon spends double than what she gets in alimony, Daily Mail reports. Shannon reportedly spends about $55,355 per month. This includes $12,000 rent, $10,000 for ‘entertainment, gifts and vacation’ and $9,000 for charitable contributions. She also spends $3,225 a month for a nanny and $12,500 for housekeeping and laundry.
Shannon also spent about $17,274 in 2016 for “filming preparation,” plus has $13,400 in bank accounts to which she has access.
Shannon may become a breadwinner soon
She launched her new low-calorie food line on the heels of her divorce. The ready to eat meals debuted on QVC under the brand, “Real for Real Cuisine.” The line features prepared meal choices at 450 calories or less, People reports.
Aside from her business, Shannon makes $423,205.80 from RHOC and endorsements, according to The Blast. This figure came from court documents from 2017 filings.
Check out The Cheat Sheet on Facebook!