Guy Ritchie and Madonna
Madonna has reached a divorce settlement with ex-husband Guy Ritchie, her rep, Liz Rosenberg, tells The Associated Press.
The singer, worth an estimated $525 million, will pay Ritchie between $76 million and $92 million, a figure that includes the value of their expansive English country home in Ashcombe and the Punchbowl, the duo's West London pub.
"I'd assume it's one of the largest payouts ever in a divorce settlement," Rosenberg said.
Although financial details have been ironed out, the exes have yet to finalize custody arrangements of their children, Lourdes, 12, Madonna's daughter with Carlos Leon, Rocco, 8, and David, 3.
Madonna, 50, and Ritchie, 40, announced their split in October and were granted a "quickie divorce" by the High Court of London on Nov. 21.