Madonna Settles Divorce For $76 Million

Madonna's rep says the singer has settled with ex-husband Guy Ritchie for at least $76 million.

Liz Rosenberg tells The Associated Press that Madonna, 50, has given Ritchie, 40, between $76 million to $92 million as part of their divorce agreement. (The figure includes the value of the couple's country home Ashcombe in western England, she said.)

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Although the singer keeps the bulk of her estimated $500 million fortune, "I'd assume it's one of the largest payouts ever in a divorce settlement," Rosenberg noted.

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Custody arrangements for their children have yet to be finalized.

Her rep also tells Access Hollywood that, despite British reports, it is unlikely she will be spending Christmas with Ritchie.

"Madonna will be spending the holidays in London," Rosenberg tells Access. "But, it is doubtful she will be spending it with the ex."

Last month, in a one-minute London court proceeding, the two were granted a preliminary "quickie divorce."

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"I'm sad about my personal life, but I feel very blessed and very lucky that I have the opportunity to do what I do in my professional life," Madonna told The Associated Press after she and Ritchie announced they were splitting after 7 1/2 years together.

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