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Madonna, Ritchie reach €35m settlement

Madonna has reportedly reached a €35m divorce settlement with ex-husband Guy Ritchie.
1 of 1 The former couple - Prior to their divorce
The former couple - Prior to their divorce

According to the News of the World, Madonna wants to ensure Ritchie can buy homes in London and New York to be close to their three children, Lourdes, 12, Rocco, seven and David Banda, three.

Although the 40-year-old 'Snatch' director signed away any claim on Madonna's €340m fortune, he will be given €13.5m to help him buy the property.

While Madonna, 50, insisted on keeping the marital home in London, Ritchie has been given the couple's country estate in Wiltshire, England worth €22.6m.

He will also keep his pub, 'Punchbowl', in London's Mayfair, which is worth €3.4m.

A friend of Ritchie's told the News of the World: "He never wanted any cash handouts. He agreed with Madonna's demands to keep the peace."

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