Bam Margera has reached a legal agreement to pay $2,500 each month in child support to his estranged wife, Nikki Boyd, for their eight-year-old son, Phoenix. This arrangement, which will begin on January 1, 2024, comes after a protracted negotiation process documented in court filings.
Initially, Boyd sought a significantly higher amount of $15,000 per month, citing Margera’s estimated net worth of $55 million. However, the couple has now settled on a lower figure that reflects a compromise between their financial considerations and parenting responsibilities.
The couple’s separation has been tumultuous, with various legal and personal issues complicating matters. Margera has previously claimed that their marriage, which took place in Iceland in 2013, may not hold legal validity in the United States due to the lack of proper documentation.
Compounding these issues, Margera’s struggles with substance abuse have raised concerns about his ability to co-parent effectively. Boyd and her legal representatives have insisted that Margera’s alcohol consumption necessitated supervised visitation with their son. In recent statements, Margera has asserted that he is now sober, attributing this change to the influence of his new wife, Dannii Marie. He noted that she has set firm boundaries regarding his alcohol use, equating drinking to infidelity in their relationship.
As this chapter unfolds, both Margera and Boyd are navigating the complexities of co-parenting while attempting to establish a stable environment for Phoenix. The finalized support agreement marks a significant step in that direction, signaling a potential resolution to some of the disputes that have characterized their separation.