Monday, March 17, 2008

The Heather Mills And Paul McCartney Separation - $48.6 Million Goes To Mills!



Heather Mills was awarded $48.6 million as her settlement being Paul McCartney's ex-wife. Widely portrayed in the British media as a gold-digger, the former model seemed very pleased with the separation fee after 4 years of marriage to the former Beatle's star whose fortune is about $800 million now.


A Family Court judge awarded Mills a lump sum of $33 million, plus the assets she currently holds, worth $15.6 million. Mills had sought almost $250 million, according to a summary of the ruling; McCartney had offered $31.6 million, including Mills' own assets.


This Associated Press article details that the settlement was at the low end of many experts' estimates, which varied between $50 million and $100 million. The brevity of the marriage, and the fact most of the former Beatle's fortune was made before he met Mills were factors considered by the judge.


Mills, 40, raised eyebrows by firing her legal team late last year and representing herself in court, but legal experts said that was unlikely to have been a factor in the award.


McCartney, 65, left after the ruling without saying a word. But Mills emerged from the three-hour private hearing for an impromptu news conference on the courthouse steps — railing against McCartney's lawyer, accusing her ex of underestimating his wealth and declaring the settlement had secured her future and that of her 4-year-old daughter, Beatrice.




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