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Material Girl Reaches Divorce Settlement Madonna, Guy Ritchie divvy up the loot and kids

By  SCOTT ROSS

Updated 9:51 AM EDT, Thu, Nov 20, 2008

Madonna and Guy Ritchie bought themselves a one-way ticket to Splitsville.
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Madonna and Guy Ritchie have bought themselves a one-way ticket to Splitsville.

 

Rather than put himself through the horrors a drawn out and public divorce, a la Paul McCartney and Heather Mills, Guy Ritchie has decided to walk away from Madonna and her fortune.

The divorce agreement between Ritchie and the Material Girl will be posted in the Registry of the Family Division in London within the next 24 hours, reported the Times Online.

“He could have hugely boosted his bank balance and set himself up for life, but he already feels he has enough money," a friend told the London paper. "He also didn’t want the whole thing dragging on in the public gaze for months and months and, in any case, his priority was the children’s future.”

"It will all be over by the end of the month," said another friend.

Ritchie and Madonna could have been headed for a nasty divorce over her nearly $500 million fortune. But don't worry about Ritchie, who thanks to a successful career as a movie director is said to have amassed his own modest fortune totaling nearly $50 million.

Rather than money, the major hurdle for the defunct couple was custody of the kids. She wanted all of them to live with her in New York, while he wanted the boys -- Rocco and David -- to stay with him in London. The boys reportedly will split time with their parents, while Lourdes, Madonna's daughter from a previous relationship, will naturally stay with her.

Comments (19)

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  • liz Sunday, Nov 23 at 7:44 PM FLAG COMMENT I love Madonna, but I too am very disappointed. But I think that Guy is probably very happy to be able to watch tv and eat whatever he wants without her watchful eye on him. GO GUY!!
  • Flossie Friday, Nov 21 at 9:22 AM FLAG COMMENT I thought Guy was the one for madonna. I am so sad she can't reinvent herself as a loving wife and Mother.
  • JJJ Thursday, Nov 20 at 5:39 PM FLAG COMMENT Just proud to get rid of the material girl - and I can't say I blame him ! It is really too much trouble for the money.
  • Alexis V Thursday, Nov 20 at 5:19 PM FLAG COMMENT HEY ANONYMOUS-Yes, I would like to know what you got in your divorce settlement. The house, the car, the kids?
  • jaydee Thursday, Nov 20 at 4:18 PM FLAG COMMENT she is getting scarier looking by the minute !! better lay off the plastic surgery and botox, you are looking like the new cat lady

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