Madonna & Guy Reach Settlement

I hope you're sitting down. Our favorite Material Girl is forking over a whole load of her, well, material. Madonna has settled her divorce with ex-husband Guy Ritchie for at least 50 million pounds ($76 million US), the singer's spokeswoman said Monday.

The pair were married in a lavish ceremony in December 2000 at Skibo Castle in the Scottish Highlands. Ritchie made out pretty well, I'd say!

Liz Rosenberg told The Associated Press the settlement was in the range of 50 million to 60 million pounds ($76 million to $92 million) as part of their divorce agreement, a figure she said included the value of the couple's country home, Ashcombe House in western England. Millions of dollars and a house, I'd take it.

However, we do feel bad for those cute little kids of theirs. Divorce is certainly fun for no one!

Guy Ritchie Doesn't Want a Cent!

Photo Credit: Babble.com

The Daily Mail has reported that Madonna and Guy Ritchie have reached agreement on their divorce - with the British film director refusing to take a penny of the pop star’s cash.

An announcement could come by the end of the month, a source close to the negotiations tells London's Evening Standard.

Another report, in The Times, claimed that notice of a decree nisi (divorce settlement) would be posted in the Registry of the Family Division in London within twenty-four hours.

Madonna will walk away from the eight-year marriage with her fortune, estimated at $600 million, intact.

The only thing Guy asked for is joint-custody of his two boys, Rocco and David. A source said that the two boys will split their time between London and New York. Lourdes will stay in New York with her mother (her father, Carlos Leon, also lives in NYC).

A source said, "It will be all over by the end of the month. The priority for him has always been the children. Ritchie has not wanted her money. He has done exactly what Billie Piper did when she divorced Chris Evans. She walked away without any of his money, much to her credit. Guy Ritchie has done the same."

Guy Ritchie obviously has a heart made of gold and rainbows, because anyone else (**coughHEATHER MILLScough**) would have taken Madonna to the cleaners.