Madonna settles divorce for 50M pounds ($76M)
By RAPHAEL G. SATTERAssociated Press Writer
LONDON (AP) - Madonna has settled her divorce with ex-husband Guy Ritchie for 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.
A representative for the British filmmaker declined comment.
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.
But U.K.-based entertainment lawyer Ambi Sitham said it made sense for Madonna to divest herself of her British property.
"She's got no interest in remaining here," 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?"