$48.6 Million Settlement
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Paul McCartney was ordered to pay Heather Mills $48.6 million to settle their divorce. 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 following the closed hearing. The court also ruled that the couple’s 4-year-old daughter 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.”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 and Mills 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 said the settlement vindicated her decision to fire her lawyers. The legal fees, she said, “instead could easily go to charity.” The settlement has been a long time coming for the couple, who separated two years ago, after four years of marriage. At the time they said the parting was “amicable” and insisted “both of us still care about each other very much.” But the split had grown contentious after McCartney filed for divorce alleging his wifes “unreasonable behavior.” Mills claimed McCartney had failed to protect her and their daughter from slander, death threats and other abuse, and accused the media of persecuting her. In November, Mills said she had been “treated worse than a murderer” despite years of work for land mine victims and animal welfare charities.
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