Madonna's £50 Million Divorce Settlement

Madonna will pay out a massive 50 million to settle her divorce with 'former' husband Guy Ritchie.

According to the singers spokesperson Liz Rosenberg, the settlement will be between 50 million and 60 million. Ritchie will also be keeping Ashcombe House, the couple's country estate in Wiltshire and the London pub (The Punchbowl) which also will be included in the settlement.

The former couple are still trying to come to an amicable agreement about the custody of their children.

It was previously reported that Ritchie was not interested in Madonnas estimated 300 million fortune, although an insider tells the Daily Mail:

"He is not like some monk running around saying he doesn't want money," the insider continued. "You don't get money unless you ask for it. And he asked for it.

One thing is sure, the settlement will be one of the largest seen on the celebrity circuit and is likely to be about twice the amount Paul McCartney paid to Heather Mills.

Id assume its one of the largest payouts ever in a divorce settlement, Ms Rosenberg said.