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Paul McCartney will pay over $108million in divorce settlement

Posted by Media Outrage on February 19, 2008

Paul McCartney and Heather Mills

Paul McCartney has agreed to pay ex-wife Heather Mills over $108million for just 4 years of marriage. Those are class action lawsuit winnings.

Via Nydailynews:

“Two years after their highly publicized plans for a divorce were announced, Sir Paul has agreed to give Mills more than $108 million – a tidy $27 million for every year of their marriage, London’s Daily Mail reported.

Mills, 40, will pocket a nearly $40 million lump sum, with $5 million annual payments until their 4-year-old daughter Beatrice reaches 18.

The settlement was huge but almost peanuts compared with the nearly $1.5 billion U.S. media magnate Sumner Redstone coughed up to his ex-wife, Phyllis, in 2001 after he got caught cavorting with a young model.

Other big-bucks settlements have included Chicago energy magnate Michael Polsky, $184 million; hoops legend Michael Jordan, $168 million; singer Neil Diamond, $150 million, and golfer Greg Norman and director Steven Spielberg, $100 million each.

As part of the deal, Mills agreed to never speak publicly or write in detail about the breakdown of the marriage, according to the Daily Mail.”

SMH at these power ball jackpot lottery winning settlements.

Posted in Celebrities, Celebrity Divorce, Michael Jordan, Paul McCartney, What's my networth? | Tagged: , | 2 Comments »