Movies News | Posted on Dec 16, 2008 at 03:00pm IST

Madonna $92 mn poorer in divorce settlement

ANI

New York: Madonna and Guy Ritchie have settled for a divorce payout for up to $92 million , according to her spokeswoman.

The warring couple had been granted a “quickie” divorce in November and have agreed to split the cash and assets as they end their eight-year marriage.

The Queen of Pop, reportedly worth reported $450 million, has decided to let the Brit director have the couple's country estate Ashcombe House in Wiltshire, as well as their west London pub, the Punchbowl.

"It's one of the largest payouts ever in a divorce settlement," the New York Daily News quoted rep Liz Rosenberg as saying.

The warring couple are, however, yet to reach a decision regarding custodial arrangements for their kids though they have agreed to have joint custody of sons, Rocco, aged eight, and adopted David, aged three.

Madonna’s daughter Lourdes, aged twelve, from a previous relationship, is to live with the singer who has decided to abandon her ex-hubby’s native England to base herself in the United States.

A rep for Guy, estimated to have a $45 million fortune before the deal, refused to comment on the reported deal.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)

Comments (0)

All comments will be published after moderation

Trending Searches

#Hansie Cronje #Shahrukh Khan #Mahesh Bhupathi #Nitin Gadkari #Virgin Galactic #Tobacco #Indian Railways #Multiple sclerosis #Viswanathan Anand #Air India #Nitin Gadkari #Naveen Patnaik #Narendra Modi #Jagan #Bandh #Bharat Bandh #Andhra Pradesh #VK Singh #Goa