Madonna retracts reps statement on divorce payout

December 17, 2008

(ChattahBox) — Madonna has now denied she paid her ex-husband Guy Ritchie up to $60 million as a divorce settlement – insisting a statement issued on the couple‚Äôs behalf was wrong. The Material Girl split from moviemaker Ritchie earlier this year with a quickie divorce, sparking speculation about how much of her fortune she would hand over to him. Madonna was said to be furious over suggestions Ritchie refused to accept anything from her huge fortune and was only interested in maintaining access to his children.

So to counter the initial speculation, Madonna allegedly sent out her spokeswoman Liz Rosenberg to issue a statement to the Associated Press news agency saying that the singer had reached a settlement with the Sherlock Holmes director for between $50 million and $60 million. The sum was said to be made up of $3 million or so in cash, a large portfolio of property including homes in London, New York and Wiltshire, and artwork worth up to $8 million given to him by his now ex wife.

Perhaps after a few phone calls from Ritchie’s lawyer there has been a quick U-turn and the former couple has now put out a joint statement to ‘set the record straight’ – insisting the earlier press release was “misleading and inaccurate”.

Madonna and Ritchie said: “We have tried to maintain a dignified silence regarding the details of our divorce for the last few months whilst accepting the obvious media interest. A misleading and inaccurate statement, specifically in relation to the sums of money involved, was wrongly issued to AP this week. The financial details of the settlement will remain private, save to say that both of us are happy with our agreement. Our primary concern, like any co-parents, is the care and well being of our children.”

Reported by: Hot Momma Celebrity Gossip


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