Inside Kim Zolciak-Biermann's Extravagant Lifestyle: Luxury Purchases, Cryptocurrency, and Risky Investments

Kroy Biermann is calling out his estranged wife Kim Zolciak-Biermann for how she spends money.

On Tuesday, April 2, Biermann, 38, filed new paperwork in their divorce case. He claimed that Zolciak-Biermann, 45, was trying to hide her spending habits from becoming public knowledge, as reported by TMZ.

Biermann decided to take action by creating a detailed spreadsheet showing the purchases made by the former Real Housewives of Atlanta star over the past seven years. According to him, Zolciak-Biermann spent over $600,000 from 2016 to 2023 at high-end stores like Neiman Marcus, Saks Fifth Avenue, Agent Provocateur, Chanel, and Versace.

In addition, Biermann alleged that Zolciak-Biermann invested $161,912.87 in Bitcoin and spent $65,966.95 on playing the lottery in 2021 and 2022.

Zolciak-Biermann and Biermann got married in 2011 and have four children together: sons Kroy “KJ” Jr., 12, and Kash, 11, and twins Kaia and Kane, 9. Biermann also officially adopted Zolciak-Biermann’s daughters Brielle, 26, and Ariana, 21, from her previous relationship.

After being married for over a decade, the couple decided to file for divorce in May 2023. The legal process lasted for two months before they ultimately decided to withdraw the divorce paperwork. However, by August 2023, Biermann filed for divorce for the second time, seeking full legal and physical custody of their four minor children, as well as alimony, child support, and exclusive use of their home in Atlanta.

In October 2023, it was confirmed that their Georgia home was initially listed for $3.2 million. The price was later increased to $6 million but has now been reduced to $5.5 million. During the same month, court documents revealed that they had filed affidavits detailing the potential impact of foreclosure on their family.

Biermann expressed in the court documents obtained by Us, "Losing this equity would have devastating consequences for my family, including myself, my ex-spouse Kim, and our four minor children. We would face the risk of homelessness, lack of financial resources, and inability to address the debts accumulated during our marriage."

Zolciak-Biermann expressed concern about facing financial hardships if the foreclosure on their home proceeds. They are requesting support to expedite the sale of the house, with a temporary court order to prevent foreclosure.

Earlier this year, Truist Bank claimed they had the right to foreclose on the home owned by Zolciak-Biermann and Biermann. The bank's filing stated that the couple had defaulted on their mortgage, leading the bank to take steps to foreclose on the property if the debt remains unpaid.

Editor's P/S:

The ongoing financial dispute between Kroy Biermann and Kim Zolciak-Biermann highlights the complexities of divorce and the potential pitfalls of extravagant spending. Biermann's meticulous record-keeping and detailed spreadsheet reveal a pattern of excessive spending by Zolciak-Biermann, raising concerns about her financial prudence. The couple's legal battle over the fate of their Atlanta home adds another layer of tension to their already strained relationship.

Zolciak-Biermann's alleged investments in Bitcoin and lottery gambling suggest a lack of sound financial decision-making. While investments can be risky, gambling carries even higher odds of financial loss. The couple's children are also caught in the crossfire, as they face the potential consequences of their parents' financial mismanagement. The court's decision on the foreclosure will have a significant impact on the family's stability and well-being. It is crucial that both parties prioritize the children's interests and work towards a resolution that ensures their financial security.