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Kayla Itsines and ex Tobi Pearce enjoyed a ’50-50 split’ of profits from $400m sale

Kayla Itsines was NOT the only ‘big winner’ from the $400m sale of her fitness empire Sweat: Entrepreneur and her ex-fiancé Tobi Pearce enjoyed a ’50-50 split’ of profits

It was reported earlier this week that by The Australian that Kayla Istines was the ‘big winner from the sale’ of her and ex Tobi Pearce’s fitness empire, Sweat. 

And after it was claimed that she received the lion’s share of the AU$400million sale, getting three times as much as her business partner, it seems things were a little more even than first thought. 

On Saturday, The Australian reported that the pair actually enjoyed a ’50-50 split of proceeds.’  

Kayla Itsines was NOT the only ‘big winner’ from the $400m sale of her fitness empire Sweat: Entrepreneur and her ex-fiancé Tobi Pearce enjoyed a ’50-50 split’ of profits

The publication also reports that Tobi has ‘assumed full ownership of the duo’s K&T Investments’ and he was ‘transferred Itsines’s stake for zero dollars.’

It was reported earlier this week that Istines, 30, ‘was the big winner from the sale’ because she reportedly owned a larger share of the business than co-founder Pearce, who is also her ex-fiancé.

Itsines was said to have earned US$225million (AU$300million) following the sale of Sweat to an American software giant,

By contrast, it was previously reported that 29-year-old Pearce made US$75million (AU$100million). 

Clearing it all up: On Saturday, The Australian reported that the pair actually enjoyed a '50-50 split of proceeds.' The publication also reports that Tobi has 'assumed full ownership of the duo's K&T Investments' and he was 'transferred Itsines's stake for zero dollars'

Clearing it all up: On Saturday, The Australian reported that the pair actually enjoyed a ’50-50 split of proceeds.’ The publication also reports that Tobi has ‘assumed full ownership of the duo’s K&T Investments’ and he was ‘transferred Itsines’s stake for zero dollars’

The record-breaking sale comes after Itsines confirmed her split from Pearce, with whom she shares two-year-old daughter Arna, in August last year.

The former couple, who were together for eight years, co-founded the Bikini Body Training Company – later renamed Sweat – after meeting in late 2012. 

The business partners sold their health and fitness empire to U.S. software giant iFIT Health & Fitness Inc for $400million, The Courier Mail reported on Tuesday. 

In 2020, the Sweat app generated a staggering $99.5million in revenue, with the majority of sales coming from the American market.

Their story: The record-breaking sale comes after Itsines confirmed her split from Pearce, with whom she shares two-year-old daughter Arna, in August last year. The former couple, who were together for eight years, co-founded the Bikini Body Training Company - later renamed Sweat - after meeting in late 2012

Their story: The record-breaking sale comes after Itsines confirmed her split from Pearce, with whom she shares two-year-old daughter Arna, in August last year. The former couple, who were together for eight years, co-founded the Bikini Body Training Company – later renamed Sweat – after meeting in late 2012

Despite the company changing hands, the young millionaires will continue to manage the business from its headquarters in Adelaide.

Pearce previously told The Australian they remained committed to leading the brand from Australia. 

Itsines and Pearce were ranked joint fifth on the Australian Financial Review’s Young Rich List for 2018, making them the wealthiest self-made twentysomethings in Australia.

Cashing in! The business partners sold their health and fitness empire to U.S. software giant iFIT Health & Fitness Inc for $400million, The Courier Mail reported on Tuesday

Cashing in! The business partners sold their health and fitness empire to U.S. software giant iFIT Health & Fitness Inc for $400million, The Courier Mail reported on Tuesday

That year, Forbes estimated the then-couple’s shared net worth to be $696million.  

The Sweat fitness program helps people transform their bodies and achieve dramatic weight loss at the gym or from home.

At the time of their separation last year, Itsines said in a statement that she and Pearce would remain friends and business partners.

She is now dating a man known as Mitch, but the notoriously private businesswoman has yet to comment on the relationship.

Fitness empire: The Sweat fitness program helps people transform their bodies and achieve dramatic weight loss at the gym or from home

Fitness empire: The Sweat fitness program helps people transform their bodies and achieve dramatic weight loss at the gym or from home

Read more at DailyMail.co.uk