Madonna

Madonna has paid her ex-husband British director Guy Ritchie up to 60 million pounds ($92 million). The payment is as per their divorce settlement payout. The divorce after eight years of marriage was a pricey one confirmed by Madonna’s spokeswoman on Monday.

The couple’s estimated wealth is $525 million of which most accounts to Madonna. The couple’s final divorce settlement was granted by a British court on November 21. Liz Rosenberg has confirmed that Madonna, 50 had paid Ritchie, 40, between 50 and 60 million pounds ($76 million and $92 million) as part of their divorce. The English country estate, Ashcombe, alone costs about 20 million pounds ($30 million). Madonna’s total payout sum includes the cost of their estate. The tedious fight for custody is yet to be settled. Rosenberg has said that the arrangements for Guy and Madonna’s children has not been done.

Madonna has an estimated album sales of more than 200 million. She has been the reigning success as a singer. Her divorce with Guy Ritchie was announced in October, nearly eight years after their fairytale wedding at Skibo Castle in Scotland.

The multimillion pound (dollar) settlement is calculated to be much more than the high profile payout by former Beatle Paul McCartney to his ex-wife Heather Mills. Guy’s representative has not made any comments and when asked to do so simply declined to expand.

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. Liz Rosenberg, the spokeswoman for Madonna also said that the couple’s west London pub, the Punchbowl would also remain with Ritchie. Britishers have stated that Madonna has come out with such a massive divorce payout simply because she has no intention to stay in England. U.K.-based entertainment lawyer Ambi 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?”

Liz Rosenberg finally said, “I’d assume it’s one of the largest payouts ever in a divorce settlement…”

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