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Madonna Settles with Ritchie for $76 Million

Tuesday, December 16, 2008
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Associated Press: Madonna has settled her divorce with ex-husband Guy Ritchie by also parting with at least 50 million pounds ($76 million), the singer's spokeswoman said Monday.

Liz Rosenberg told The Associated Press the settlement was in the range of 50 million to 60 million pounds ($76 million to $92 million) as part of their divorce agreement, a figure she said included the value of the couple's country home, Ashcombe House in western England, which Ritchie will keep.

Rosenberg said the couple's west London pub -- the Punchbowl -- would also remain with Ritchie.

A representative for the British filmmaker declined comment.

The couple were reportedly worth some $525 million, the vast majority of which belonged to Madonna. Ritchie had an estimated $35 million fortune.

Their multimillion pound (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.

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