Madonna Divorce Settlement: $75 Million

December 15, 2008 3:23 PM ET

The divorce settlement between Madonna and her ex-husband Guy Ritchie has finally been confirmed by the singer's rep. The deal calls for Ritchie to receive roughly $75 million of Madonna's estimated $490 million worth. Part of the $75 million sum includes the couple's country home in western England as well as a pub that was co-owned by the couple. The sum is also about twice what Paul McCartney had to pay when he divorced Heather Mills, and stands on record as perhaps the highest divorce settlement in U.K. history.

"I'd assume it's one of the largest payouts ever in a divorce settlement," Madonna's rep Liz Rosenberg said. The divorce is expected to become final in January, with custodial arrangements for the couple's children still needing to be worked out. According to sources, the Material Mom reportedly plans to leave London and relocate back to New York City. Madonna should have no problem recouping the money lost in the divorce settlement as her Sticky & Sweet tour continues to break records for highest-grossing tour by a female solo artist.

Related Stories:
Madonna Tour Rakes In $91.5 Million, On Pace For Records
Madonna and Guy Ritchie Announce Divorce
Madonna’s Sticky & Sweet Tour Rolls Into New York With Reworked Hits, Virtual Britney

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Song Stories

“Try a Little Tenderness”

Otis Redding | 1966

This pop standard had been previously recorded by dozens of artists, including by Bing Crosby 33 years before Otis Redding, who usually wrote his own songs, cut it. It was actually Sam Cooke’s 1964 take, which Redding’s manager played for Otis, that inspired the initially reluctant singer to take on the song. Isaac Hayes, then working as Stax Records’ in-house producer, handled the arrangement, and Booker T. and the MG’s were the backing band. Redding’s soulful version begins quite slowly and tenderly itself before mounting into a rousing, almost religious “You’ve gotta hold her, squeeze her …” climax. “I did that damn song you told me to do,” Redding told his manager. “It’s a brand new song now.”

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