Kardashian matriarch Kris Jenner and her husband Bruce announced their separation on Tuesday after 22 years of marriage.
The Hollywood power couple, who have been subject to divorce reports for several months, shares two children together, Kendall and Kylie, in addition to other children from previous relationships. In a statement Kris, 57, and Bruce, 63, revealed that their family is their number one priority.
"We are living separately and we are much happier this way but we will always have much love and respect for each other," the couple told E! News.
"Even though we are separated, we will always remain best friends and, as always, our family will remain our No. 1 priority," they added.
On a previous episode of "Keeping Up With The Kardashians" viewers saw Bruce, a former Olympic champion, move out of the couple's marital home in a bid to have his own space. While this fueled divorce speculation, family members insisted they were still happily married.
"They're not having problems, but they still like to live apart, which is definitely different," Kris' daughter Khloe Kardashian told talk show host Jay Leno in June.
"You know, Bruce and my mom, they wanted some... In my house there is a man room for Lamar. A room, not a different house. So I think they took my idea and ran with it," she continued. "They got another house and Bruce stays there sometimes."
Critics are now speculating whether the estranged couple is headed for a divorce. Sources claim Kris, whose empire is estimated to be worth $125 million, and Bruce did not sign a prenuptial agreement prior to getting married.
"This is going to be a very bitter pill for Kris to swallow because when the divorce is finalized, she'll have to split half the family fortune with Bruce," an alleged source with knowledge of the situation told RadarOnline.com.
"Kris demanded that [daughters] Kim and Khloe get prenups… but in a touch of irony, she didn't get one when she married Bruce," the source said.