Monday, December 15, 2008

Madonna's Expensive Divorce

The amount $ 76 million is hardly a quarter of the total value of the combined 525 million worth of properties of Madonna and Guy Ritchie but this is the amount that the singer is going to pay her film director husband.


Expensive divorce eh. I thought Pal McCartney's divorce settlement with his former wife Heather Mills was already the highest.

LONDON — Madonna has settled her divorce with ex-husband Guy Ritchie by also parting with at least 50 million pounds ($76 million), the singer's spokeswoman said Monday.

Liz Rosenberg told The Associated Press the settlement was in the range of 50 million to 60 million pounds ($76 million to $92 million) as part of their divorce agreement, a figure she said included the value of the couple's country home, Ashcombe House in western England, which Ritchie will keep.

Rosenberg said the couple's west London pub _ the Punchbowl _ would also remain with Ritchie.

A representative for the British filmmaker declined comment.

The couple were reportedly worth some $525 million, the vast majority of which belonged to Madonna. Ritchie had an estimated $35 million fortune.

Their multimillion pound (dollar) settlement is about twice the size paid out in Britain's latest high-profile celebrity divorce, that of former Beatle Paul McCartney and model Heather Mills.

"I'd assume it's one of the largest payouts ever in a divorce settlement," Rosenberg said.

The biggest contested divorce settlement in English history was the 48 million pounds (about $90 million at the time) insurance tycoon John Charman was ordered to pay his ex-wife in 2006.

No comments: