The couple confirmed their split in a statement to E! News (who else, but their home network?) on Tuesday.
"We are living separately and we are much happier this way," the statement read. "But we will always have much love and respect for each other. Even though we are separated, we will always remain best friends and, as always, our family will remain our number one priority."
Kris also addressed the split with Us Weekly. "We are living apart. But there is no animosity. We are united and committed to our family," she said, adding that there are no plans to divorce. "We ended a marriage, but that's not the end of our friendship. I will always love him, but we are no longer a couple in that way."
The news comes one day after Bruce's son Brody Jenner confirmed to Britain's Now Magazine that the two have been living apart. Still, he insisted that to his knowledge, Kris, 57, and his 63-year-old father remained a couple.
"I stay out of their business, but as far as I'm concerned, they haven't split up," he noted. "Dad's been in Malibu — he grew up out here — and the press has made a big deal of it. It's nothing to do with them breaking up."
In fact, Bruce's need for his own place (a rented house in Malibu that Kris referred to as a "man cave") was a plot point on the show over the summer.
Khloé Kardashian shrugged off the idea that separate homes meant her mom and stepdad's relationship was in trouble when she appeared on "The Tonight Show" in June.
"They're not having problems, but they still like to live apart, which is definitely different," Khloé remarked. "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. They got another house and Bruce stays there sometimes."
Bruce and Kris tied the knot in 1991, bringing together a big brood that included Kris's kids Kim, Kourtney, Khloe, and Rob, and Bruce's kids Brody, Brandon, Casey, and Burt. They share daughters Kendall, 17, Kylie, 16.
The former Olympian already has two ex-wives, Linda Thompson (1981-1984) and Christi Crownover (1972-1981), while Kris was married to the late Robert Kardashian from 1978 until 1991.
Though rumors of a split have been swirling for months, the close-knit family always shot down those reports. As far back as July 2012, the couple's marriage was starting to show cracks — or at least it appeared that way on their reality show. When they weren't simply getting on each other's nerves, they were making each other jealous. (Kris secretly met up with an ex-boyfriend, while Bruce struck up a friendship with Angie Everhart on the golf course during one episode.) Then, in November, she refuted a tabloid story that claimed their relationship was over.
"These kind of stories have been circulating for the last couple of years," she told E! at the time. "We're absolutely not filing for divorce. Everything is great. We feel very blessed as a family."