Eligible bachelor: Prescott, the co-founder of successful stock photo agency Dreamstime, split from his wife of 19 years, Michelle Jones, in 2006.
He may not have eight little ones like Kate, but the businessman is the father of Ashley, 26, Brooke, 23, and Connor, 19. Here he proudly poses with blond beauty Brooke.
While Jon was recently evicted from his Pennsylvania rental for bouncing checks, Prescott owns homes in Massachusetts, Tennessee and New York.
Prescott tells RadarOnline.com he and Kate are working on a business venture to help single mothers.
He has a big heart, too: Prescott runs the Deaf Children’s Foundation and Nature’s Young Fit Kids Foundation.
Fess up, Kate! She has danced around reports of their romance.