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Ozzy and Sharon Osbourne may be headed for a high-asset divorce

Many Missouri residents are familiar with Ozzy Osbourne, former lead singer of the rock band Black Sabbath and reality TV personality. It now appears that the marriage of Ozzy and his wife Sharon Osbourne may be on the rocks, according to multiple reports. In the early 1970's, Sharon met Ozzy Osbourne while her father was managing Black Sabbath. Sharon and Ozzy married in 1982; Sharon Osbourne also became Ozzy's manager when he left Black Sabbath and began his long solo career.

Sharon Osbourne has reportedly helped Ozzy through multiple substance abuse issues which have haunted him throughout his life. The family, including daughters Aimee and Kelly, and son Jack, starred in the popular reality television show, "The Osbournes" on MTV from 2002 to 2005.

A few weeks ago, however, reports surfaced that Ozzy had moved out of the Beverly Hills home the family shared. In 2013, Ozzy made an admission on his Facebook account that he had relapsed into his drug and alcohol addictions, apologizing to Sharon, his family, friends and his band. At the time, he also denied that he was divorcing Sharon. With decades of success in the music and entertainment industries, it may be safe to assume that the Ozzy and Sharon have accumulated some wealth.

A high-net worth divorce presents unique issues, especially in the areas of property division and spousal support. Asset valuation can be a major issue requiring professional advice. A spouse going through a high asset divorce needs to understand his or her rights in order to negotiate a fair property settlement.

Source: CNN, "Ozzy and Sharon Osbourne reportedly split," Lisa Respers France, accessed on May 10, 2016

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Joseph J. Porzenski
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