Financial woes could be Angelina Jolie’s undoing. One of Jolie’s global charities is reportedly $2.2 million in the red, and the amount owed is due by the end of the year. With Jolie suffering financially in the wake of her divorce with Brad Pitt, the debt could spell disaster for the charity.
Jolie’s company, J.D.H. Office Ltd, listed $66,000 in available assets this year. Unfortunately, the charity owes over $2 million to creditors and has to pay up before the year is out.
The divorce and custody battle between Brad Pitt and Angelina Jolie is set to go to a trial next month because they can't agree about the future of their six children despite two years of lawyering and leaking, according to reports. https://t.co/vLsGX5dWjA (Photo: Getty Images) pic.twitter.com/3eADUAPSwL
— USA TODAY (@USATODAY) November 6, 2018
The company owed $1.3 million last year, despite Jolie donating close to $1 million of her own funds to keep things running. It is not clear how the company will come up with the funds to pay off the debt, especially since Jolie is currently focused on finalizing her split with Pitt.
According to Radar Online, Jolie recently removed Pitt’s name from the company. The charity used to go by the name of JP. D.H. Ltd.
The first initials stood for Jolie-Pitt, while the following letters represented the actress’s close friends, Chloe Dalton and Arminka Helic. Dalton and Helic have actively advised Jolie on her charity work around the world and have helped her tune her public image.
Jolie changed the name of the company to J.D.H. Office Ltd this past March.
“It’s yet another snub by Angelina to Brad, who has supported on her humanitarian visits around the world,” an insider dished.
Brad Pitt And Angelina Jolie: What Are The Chances He'll Win Sole Custody? – Celebrity Insider (blog) https://t.co/OxuybJQVfP
— Brad Pitt Share (@BradPittShare) November 9, 2018
Jolie filed for divorce in the fall of 2016. The Maleficent star was with Pitt for over a decade before calling it quits. It has already been two years since Jolie filed for divorce, yet the two still have not settled on a custody agreement. The two are scheduled to appear in court next month to resolve their custody dispute.
Once that is over, Jolie and Brad Pitt still have to agree on how they are going to settle the financial aspects of their split.
Angelina Jolie has not commented on the rumors surrounding her debt.