The divorce settlement between Madonna and her ex-husband Guy Ritchie has been confirmed by the singer’s rep. The settlement calls for Ritchie to receive roughly $75 million of Madonna’s estimated $490 million worth. Part of the $75 million settlement includes the couple’s country home in western England as well as a pub that was co-owned by the couple. The sum is also about twice what Paul McCartney had to pay when he divorced Heather Mills, and stands on record as perhaps the highest divorce settlement in U.K. history.
Liz Rosenberg, Madonna’s Rep said “I’d assume it’s one of the largest payouts ever in a divorce settlement.” The divorce is expected to become final in January, with custodial arrangements for the couple’s children still needing to be worked out. According to sources, the Material Mom reportedly plans to leave London and relocate back to New York City. But before you feel too sad, Madonna should have no problem recouping the money lost in the divorce settlement as her Sticky & Sweet tour continues to break records for highest-grossing tour by a female solo artist.
UPDATE: Madonna and Guy have issued a statement claiming the inaccuracy of $75 milliion payout confirmed by Madonna’s own publicist. The statement was issued to TMZ, “A misleading and inaccurate statement, specifically in relation to the sums of money involved, was wrongly issued to AP this week.The financial details of the settlement will remain private, save to say that both of us are happy with our agreement. Our primary concern, like any co-parents, is the care and well being of our children.”