According to The Blast, Jack Osbourne's divorce from Lisa Stelly was finalized earlier this week. A judge signed off on the case on Tuesday, March 5.
Stelly filed for divorce from the 33-year-old son of Ozzy and Sharon Osbourne in May 2018 after nearly seven years of marriage.
According to the terms of their divorce settlement, Osbourne will make a one-time lump sum payment to Lisa of $1,000,000 and will pay his ex-wife $7,000 per month in child support for their three minor kids; Pearl, 6, Andy, 3, and Minnie, 13 months. They will share joint custody of their kids while they make an effort to co-parent.
Jack will keep his home in Studio City, his Ford Raptor truck and a Tesla. He will also keep almost $350,000 in art, including a Warhol painting and two pieces by Banksy. Lisa will keep an Audio SUV, which will continue to have the lease payments handled by her ex-husband.
After news of the divorce broke, Osbourne shared a statement to Instagram addressing their split, writing, "So the news about us separating has probably come as a bit of a shock to everyone. But we just want to clear the air and share with you what's going on.
"First and foremost, we absolutely still love each other," the statement continued. "Our family is the most important thing in our lives, and we tried everything we could for many years to make this work. What's best for our family right now is that we separate lovingly, and remain best friends who are committed to raising our children together."
Last September, Sharon said that she was "very, very sad" about her son's divorce. "She's a good girl," Sharon told "The Howard Stern Show". "And the thing is it just didn't work. They love each other, [but] they can't live with each other."
Jack and Lisa married in 2012 and experienced a late-term miscarriage in 2013. The couple have faced other hurdles, including Jack's multiple sclerosis diagnosis.
Before getting engaged, Jack and Lisa had been dating for only four months, according to Britain's Daily Mail.