Monday, December 15, 2008
Madonna forks over $92 million for divorce settlement from Guy Ritchie
Madonna is a little less materially wealthy today after she settled her divorce for up to $92 million.
The superstar's spokeswoman said she has agreed to give Guy Ritchie the huge lump sum to end their eight-year marriage.
The figure includes the value of the couple's country home Ashcombe in western England, said Madonna's spokeswoman, Liz Rosenberg.
"It's one of the largest payouts ever in a divorce settlement," Rosenberg said on Monday.
A London court last month quietly granted the couple a preliminary divorce order while they work out the details of their split.
Ritchie, 40, who is worth an estimated $45 million before the deal, had said he didn't want a slice of Madge's reported $450 million treasure trove.
While the financial component of the settlement is now done, the warring couple has yet to finalize custodial arrangements for the couple's children.
The couple has agreed to share custody of their sons, Rocco, 8, and David, 3, who was adopted from Malawi.
Madonna's daughter, Lourdes, 12, from a previous relationship will live with her in New York.
Ritchie and Madonna, 50, have traded barbs in recent weeks, with the singer suggesting her soon-to-be ex was an "emotional retard."
A representative for Ritchie declined to comment on the reported settlement.
The deal will likely outstrip the $60 million Sir Paul McCartney agreed to pay his ex-wife Heather Mills in their divorce.
It will probably rank fourth on the all-time list of celeb divorce payouts, behind the $150 million Michael Jordan and Neil Diamond paid to end their marriages and Steven Spielberg's $100 million ticket to Splitsville from ex-wife Amy Irving.