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Madonna & Guy Ritchie divorce to buck payout trend

21 Nov 2008, Rachael Singh, AccountancyAge

http://www.accountancyage.com/aa/news/1772198/madonna-guy-ritchie-divorce-buck-payout-trend

The High Court has granted Madonna Ciccone and Guy Ritchie a divorce after eight years of marriage.

Although initial press reports speculated that Guy Ritchie could receive millions in a divorce settlement, the film maker is rumoured to be bucking the trend and walking away without a penny of Madonna's fortune.

The couple reportedly called in celebrity accountants MGR to decipher which assets are jointed and separately owned as no pre-nuptial agreement was signed. The accountancy firm had to calculate assets which included the couples £7m house in London as well as one they jointly owned in the country.

Ritchie is estimated to have assets of approximately £30m while Ciccone is worth in excess of £300m.

The couple who were granted the divorce this week has also decided to split custody of their two children with Ciccone's having full custody of her daughter from an earlier partnership.

MGR list other clients such as Emma Thompson, the sugarbabes and John Cleese who is currently in the midst of a messy divorce from third wife Alyce Faye Eichelberger.

Both parties were not present when the ruling was made.

Further reading:

Madonna calls in accountants as divorce prep continues

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