Madonna and Ritchie Settlement Reported

Posted by Rebecca Stone on 10.18.2008

Heather Mills, eat your heart out.

Guy Ritchie and Madonna have settled their divorce, according to a report out of London on Saturday. Ritchie will reportedly walk away with assets totaling around $60 million. This includes a 1,200-acre country estate, a London bar, and a cash settlement.

Madonna will hold on to her New York and Los Angeles homes and most of her godly fortune.

"The negotiations were relatively painless," a source said. "Guy knew what he wanted and Madonna knew what she was keen to keep. There was a spell when Guy was in a mood to dig his heels in, but he decided this arrangement seemed reasonable and a long battle over money would make life unbearable."

Madonna's representation is the same divorce lawyer who formerly represented Paul McCartney in his divorce from Heather Mills: Fiona Shackleton. Shackleton reportedly negotiated Madonna's divorce terms during a day of phone calls with Guy's lawyers.

As for the kids, Madonna and Ritchie reportedly expect to reach a compromise over Lourdes, 12, who is the daughter of Madonna and ex Carlos Leon, and sons Rocco, 8, and David, 3.