Madonna Divorce Settlement

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Introduction to Madonna Divorce Settlement

Madonna is an entrepreneur, actress and recording artist in the United States. All over the world, she has sold more than 200 million albums.

Guy Stuart Ritchie is a filmmaker and screenwriter in England.

In 1999, Madonna met Guy Ritchie through mutual friends Sting and Trudie Styler. Madonna and Guy became involved with each other and on 11th August 2000, the couple had a son, Rocco, who was born in Los Angeles. Later, on 22nd December 2000, this couple married at Skibo Castle in Scotland. While the marital life with Madonna was in progress, Guy was a consistent attendee of services at the Kabbalah Centre. The couple adopted a Malawi baby boy named David.

The film "Swept Away" was directed by Guy and Madonna acted in it. It was released in 2002.

In October 2008, Madonna filed for divorce from Guy. She cited "unreasonable behavior" as the ground of the divorce. On 21st November, the High Court of London granted them a quickie divorce. District Judge Reid granted a Decree Nisi in High Holborn, London. The separation was finalized in December 2008.

Terms of Madonna Divorce Settlement

Madonna's spokeswoman declared on 15th December 2008 that the divorced couple had acceded to a divorce settlement.

  • Madonna would pay her ex an amount ranging from 76 to 92 million USD
  • The above figures are inclusive of the couple's London pub "The Punchbowl" and the country home "Ashcombe" in western England
  • The couple agreed to have shared custody of their 2 children, Rocco (aged 8 at the time of divorce) and David (aged 3 at the time of divorce). These children would split their time between their father in London and their mother in New York
  • Lourdes (aged 12 at the time of divorce), who is Madonna's daughter from a previous relationship, would reside with her mother in New York

Guy had earlier relinquished his rights to have a share of his wife's fortune.

Some quotes regarding this divorce settlement

"Ritchie could have taken her to the cleaners. He is a very honorable man to have walked away."

"It will be all over by the end of the month. The priority for him has always been the children. Ritchie has not wanted her money. He has done exactly what Billie Piper did when she divorced Chris Evans. She walked always without any of his money, much to her credit. Guy Ritchie has done the same."

"He is getting one lump sum imminently. Guy wanted to stay in their London home but Madonna refused to split it in two, and eventually gave him 12 million pounds as compensation. She decided early on that he should get Ashcombe."

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

When this divorce settlement was made, it was ranked 4th on the all time roster of celebrity divorce payouts. Celebrities who had paid larger amounts were as follows.

  • Michael Jordan : 168 million USD
  • Neil Diamond: 150 million USD
  • Steven Spielberg: 100 million USD

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