heather mills with beatrice

One of the most celebrated divorce battles in media history is now over – with both parties leaving with an acceptable deal.

Heather Mills will get a total of £24.3 million (approximately $48.9 million) from Paul McCartney in their divorce settlement. This does not include $5 million worth of jewelry and millions more of artwork that she is allowed to keep. The artwork includes paintings by Andy Warhol and Keith Haring and several John Lennon pencil sketches.

The settlement was based on the court’s valuing of the ex-Beatle. They estimated his worth to be at around $800 million. This is as opposed to the widely reported $1.6 billion.

“It might not be 1.6 (billion dollars), but trust me, if you accurately calculate his royalties and other assets he has to be worth at least a billion,” said a reliable source who happens to be a longtime associate of the legendary band.

So Paul McCartney should be very happy with the ruling, as he will only have to part with around 60 million. As soon as news on the divorce came out, everyone estimated that at least 100 mil is going to Heather Mills. When the court hearing started, Mills asked for 250, while the McCartney camp argued that she should only get around 31.6, which includes the 15.6 that she already had in her possession.

But Mills said she was happy with the final decision. She only had bitter words for Fiona Shackleton, McCartney’s attorney and the same person that represented Prince Charles in his divorce from Princess Diana. ”She called me many, many names before even meeting me.” – What a feisty lawyer! But then again, that’s not so surprising.

”I’m so, so happy with this. I’m glad it’s over,” Mills told reporters waiting outside the London courtroom on Monday. Paul McCartney refused to speak to the press.

Mills ended up getting approximately $40,000 per day for everyday she and Paul McCartney were married. That’s a very good pay for an aging model Sorry, that was rude. True, but rude! Haha! (Mills, pictured above, is now 40 years old; she married the Beatle in June of 2002).

The couple has a daughter, Beatrice (pictured above with her mum), who is now 4 years old. McCartney will pay for her studies and nanny fees as part of the settlement.

The court also ruled that the judgment be made public. Mills will file an appeal to stop the courts from doing so. She said she is appealing “because the judgment involves private secure matters of my daughter.”

Mills, who represented herself in court, urged would-be divorcees to do the same. “You can be a litigating person,” she said. “You’d save yourself a fortune.”

When asked if she planned on leaving the country, Mills said that she “can’t leave England.” She also added that: “I always wanted to keep my daughter near her father. Believe me if I tried to go, he would have an injunction on me in a second.”

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This entry was posted on Tuesday, March 18th, 2008 at 4:55 am and is filed under Music. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.