Paul McCartney Ordered to Pay Heather Mills $48.7 Million to Settle Divorce
LONDON — Paul McCartney was ordered Monday to pay Heather Mills $48.7 million to settle their bitter and drawn-out divorce battle.
A document released by the Family Court said the judge awarded Mills a lump sum of $33 million plus assets she currently holds worth $15.6 million. Mills said she was "very happy" with the settlement.
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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.
While pleased with the financial settlement, Mills intends to appeal to prevent publication of the details of the settlement for the couple's daughter.
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.