Tim Allen & Laura Deibel

Tim Allen is widely known for his comedic roles in films and television. He appeared in the Santa Clause film trilogy, Home Improvement sitcom, and he currently stars in the ABC/Fox sitcom Last Man Standing as Mike Baxter. Over the years, he has collected a net worth of $100 million and probably acquired insurance to secure his family’s future.

Talk about family, Tim married his first wife, Laura Deibel, in 1984, and they had a private ceremony. They met each other while attending Western Michigan University. Five years into their marriage, she gave birth to their only child, Katherine. However, Laura filed for separation after 15 years of marriage. Katherine, now 32 years old, shies away from the spotlight and does not attend her father’s red carpet events. Nevertheless, she remains close with her dad and her step-mom, Tim’s second wife, actress Jane Hadjuk.