No terms of the Kelly Noonan Gores divorce settlement have been made public. Kelly announced the split from billionaire private equity investor Alec Gores in December 2024, but as of mid-2026 no court filings, property division, or spousal support arrangement have surfaced in available reporting.1Page Six. Kevin Costner Dating Billionaire’s Ex-Wife
What Has Been Disclosed
Kelly made the separation public in December 2024, though sources indicate the couple actually parted in the summer of that year. On a January 2025 episode of her podcast, “Heal with Kelly,” she called 2024 the “hardest year” of her life.
“It was excruciating,” she said. “Even though I initiated the conversation, neither of us wanted this, and it was extremely heartbreaking.” She added that the divorce was “not for a lack of love,” describing Alec as her best friend.2Yahoo Entertainment. Kevin Costner Casually Seeing Director Kelly Noonan Gores
Beyond those statements, neither party has spoken publicly about financial terms, custody of their daughter Riley (born around 2018), or whether a formal petition has been filed.3People. Kevin Costner Casually Dating Director Kelly Noonan The couple married in October 2016; it was Kelly’s first marriage and Alec’s second.4Vogue. Wedding: Kelly Noonan and Alec Gores
The Money at Stake
The financial backdrop is substantial. Forbes estimates Alec Gores’s real-time net worth at roughly $2.4 billion as of mid-2026.5Forbes. Alec Gores Profile He co-founded The Gores Group, a Beverly Hills private equity firm, in 1987. The firm has completed more than 125 acquisitions and sponsored over a dozen SPACs that took companies including Hostess Brands, United Wholesale Mortgage, and Luminar Technologies public.6The Gores Group. Our History The Hostess Brands sale to J.M. Smucker closed at $5.6 billion in 2023.7The Gores Group. The Gores Group
The real estate alone is significant. As of a 2022 report, the couple were building a new residence on Tower Road in Beverly Hills, owned an oceanfront mansion in Malibu, held a vacation estate in Michigan, and reportedly owned several other properties in the 90210 zip code.8The Real Deal. Billionaire Alec Gores Sells Estate in Beverly Park Alec also sold a roughly 31,000-square-foot Beverly Park estate for $70 million in an off-market deal around March 2022, while the couple was still married.9Wall Street Journal. Massive Beverly Hills Home Sells for $70 Million Kelly also lost her home in the January 2025 Pacific Palisades Fire.10Yahoo Entertainment. Kevin Costner’s Casual Relationship
How California Law Would Shape a Settlement
The couple resided in Beverly Hills, which puts their divorce under California’s community property rules. In general, assets and debts acquired during the marriage are split 50/50. Assets owned before the marriage, or received as gifts or inheritances, are classified as separate property and typically excluded from division.11Maknounilaw.com. High Net Worth Divorce
That distinction carries most of the weight here. Alec founded The Gores Group in 1987, nearly three decades before the 2016 marriage. The firm’s core value and many of its investments would likely be considered his separate property. California courts can still award a spouse a share of the growth in a pre-marital business when “community efforts,” meaning the owner’s labor during the marriage, contributed to that growth. Courts apply formulas known as Pereira and Van Camp to separate the community’s share from the original owner’s, depending on whether the business grew primarily through personal effort or through market forces and existing capital.12Walzer Melcher. Property Division
A prenuptial agreement can override these default rules. Whether Alec and Kelly signed one has not been publicly confirmed, and no reporting in the available record addresses the question.
Where Things Stand
Kelly is now living in Manhattan Beach, California, and has been casually seeing actor Kevin Costner since around August 2025. Sources close to her have described the relationship as not serious, with her priorities centered on her daughter and her health.13Page Six. Inside Kevin Costner’s Grounding Romance with Kelly Noonan Gores Alec Gores, 73, continues to lead The Gores Group from Beverly Hills.5Forbes. Alec Gores Profile No court filings detailing a financial agreement between the two have surfaced in available reporting.