Sunday, October 19, 2008

Madonna's Divorce Settlement Has Yet To Be Finalized

The Sun and The Mail on Sunday reported that the two had struck a deal over their finances and how to split their property. The Mail also reported that they had agreed to a custody arrangement for the couple's children. In a brief e-mail message sent to The Associated Press, Liz Rosenberg said she would not be commenting on media reports that the pop star and her film director husband had reached or were about to agree on how to share the couple's multimillion dollar fortune and custody of their children. Madonna and Guy Ritchie announced their separation Wednesday after nearly eight years of marriage and Britain's tabloid press has speculated wildly on the outcome of the high-profile split.

Madonna and Guy Ritchie married in December 2000 at a castle in Scotland. The couple are reportedly worth around $525 million, the bulk of that belonging to Madonna. Ritchie has an estimated $35 million fortune. They own homes in London, Los Angeles and New York, and a 1,200-acre retreat in Wiltshire, England. The couple have two children; Rocco, 8, and David Banda, 3, who was adopted in Malawi in 2006. Madonna also has a 12-year-old daughter, Lourdes, from her relationship with personal trainer Carlos Leon.

Madonna appears on stage at Toronto's Air Canada Centre, as part of her north American tour, on Saturday Oct. 18, 2008. (AP Photo/The Canadian Press, Chris Young)

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