Madonna and Guy Ritchie reach divorce settlement

Madonna and Guy Ritchie have reached a divorce settlement, it was announced today (December 15).

The pop star has settled with her director ex-husband for at least $76 million (£50 million), according to her spokeswoman Liz Rosenberg.

The massive sum includes the value of their English country home. Ritchie will reportedly hold on to their central London pub, The Punchbowl.

The settlement is nearly twice the value of the one reached by former Beatle Paul McCartney and his ex-wife Heather Mills earlier this year.

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

The couple's combined assets were reportedly valued at $525 million, the majority of which belonged to Madonna.

While the financial settlement has been reached, custodial details of the couple's children - Rocco, 8, and David Banda, 3, who was adopted from Malawi in 2006 - have yet to be finalised.

Madonna is currently on the South American leg of her Sticky & Sweet world tour.


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Guy Ritchie could get £21 million less in his divorce settlement from Madonna.


The singer has released two conflicting statements regarding the payout, sparking confusion over how much the 'RocknRolla’ director will receive in total.

The first statement from Madonna’s spokesperson Liz Rosenberg, released on Monday (15.12.08.), stated Guy would receive between £50 and £60 million in cash and property.

But in a following email to the BBC, Madonna’s team claimed Guy would get $60-70 million – which converts to between £39 and £46 million.

A source close to Guy told Britain’s Daily Mirror newspaper: 'Madonna seems to be trying to paint Guy as the bad cop, but it's not working.

'If her people can't even decide on a single figure, then he's hardly a money-grabbing chancer. He's determined to keep a dignified silence, but she is making it difficult.'

Currently, it is believed Guy will receive the couple’s Ashcombe House estate in Wiltshire, Southern England, their London pub The Punch Bowl and a significant cash sum in their divorce settlement.

The two properties are collectively worth around £12.5 million.

Guy, 40, and Madonna, 50, were awarded a decree nisi in their divorce in a London court on November 21. They are still finalising custody arrangements for the three children they raise.


Original article here