Paul McCartney's divorce from Heather Mills was settled Monday for $48.6 million — an enormous sum, but a fraction of what she had...
LONDON — Paul McCartney’s divorce from Heather Mills was settled Monday for $48.6 million — an enormous sum, but a fraction of what she had sought and a sliver of the former Beatle’s $800 million fortune.
A document released by the Family Court said the judge awarded Mills a lump sum of $33 million plus the assets she currently holds worth $15.6 million.
“I’m so, so happy with this,” Mills told reporters after the closed hearing.
The court also ruled that the couple’s 4-year-old daughter, Beatrice, should receive a “periodical payments order” of $70,000 per annum. On top of that, McCartney will pay for the child’s nanny and school fees.
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“I’m so glad it’s over,” Mills said at her impromptu news conference.
“It was an incredible result in the end to secure mine and my daughter’s future and that of all the charities that I obviously plan on helping and making a difference with — because you know it has been my life for 20 years,” she said.
McCartney left the court without making any statement.
While pleased with the financial settlement, Mills intends to appeal to prevent publication of the details of the settlement.
“Obviously the court do not want a litigant in person to do well, it’s against everything that they ever wish, so when they write the judgment up they’re never going to make it look in favor,” she said.
McCartney, 65, and Mills, 40, went to court last month to decide on Mills’ share of his fortune, which had been estimated at as much as $1.6 billion.
Judge Hugh Bennett, however, found that the total value of all of McCartney’s assets, including his business assets, was about $800 million.
Mills had sought almost $250 million, while McCartney had said she should receive $31.6 million, including her own assets, which the court assessed at $15.6 million.
The settlement has been a long time coming for the couple, who separated two years ago, after four years of marriage.
McCartney met Mills in 1999, the year after the death from breast cancer of his first wife, Linda.