Madonna Settles Divorce With Guy Ritchie For Over $76 Million (Photos)

Madonna has just settled her divorce with ex-husband Guy Ritchie which is good news, but she is also parting with at least $76 million, the singer’s spokeswoman said on Monday. Read more on Madonna and Guy Ritchie’s divorce settlement below.

Liz Rosenberg made a statement to The Associated Press saying the divorce settlement was in the range of $76 million to $92 million as part of their divorce agreement, a figure which includes the value of the couple’s country home, Ashcombe House in western England, which Guy Ritchie will be keeping.

Rosenberg said Madonna and Guy Ritchie’s west London pub called the Punchbowl will also go to Ritchie.

Click Thumbnails for Larger Pictures

The couple’s worth is near $525 million, the vast majority of which belonged to Madonna. Ritchie had an estimated $35 million fortune.

Their multimillion 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 $90 million insurance tycoon John Charman was ordered to pay his ex-wife in 2006.

But U.K.-based entertainment lawyer Ambi Sitham said it made sense for Madonna to divest herself of her British property.

“She’s got no interest in remaining here,” Sitham said. “She’s relocating and moving back to New York. It’s money she’s already paid out – what is she going to do, try to sell the houses in a flagging market?”

Rosenberg said that while the financial component of the settlement had been worked out, custodial arrangements for the couple’s children have yet to be finalized.

Madonna and Ritchie have two children, Rocco, 8, and David Banda, 3, who was adopted from Malawi in 2006. Madonna has a 12-year-old daughter, Lourdes, from her relationship with personal trainer Carlos Leon.

Click Thumbnails for Larger Pictures

The pair were married in a lavish ceremony in December 2000 at Skibo Castle in the Scottish Highlands.

Madonna and Ritchie announced their split in October after months of tabloid speculation. They were granted a preliminary divorce decree on Nov. 21 and the split is expected to become final in January.

Images: WENN

Source: news

• Madonna Gets Custody Of The Children (Photos)
• Fiona Shackleton to handle Madonna’s divorce.
• Madonna Furious With Guy Ritchie & Planning To Bury Momentos (Photos)
• Guy Ritchie Tells Esquire Magazine: Madonna Is Retarded
• Time to Celebrate? Britney Spears Reaches a Divorce Settlement
• Madonna Blasts “Emotionally Retarded” Guy Ritchie During Her Show (Video)
• Hulk Hogan & Linda Hogan Reach Settlement In Divorce Case (Photos)
• Shaquille O’Neal & Wife Va’Shaundya “Shaunie” O’Neal Divorcing
• Madonna & Guy Ritchie Divorce 7 Years of Marriage
• Veteran Actor Ed Asner & Cindy Asner Divorced (Photos)

Posted by: Monya

3 comments