Heather Mills Awarded Nearly $50 Million in Paul McCartney Divorce Settlement

By Chloe Bunker on March 16, 2008

Heather Mills, pics, pictures, photos, images, hot, sexy, picture, photo, pic, image, celebrity, celeb, news, juicy, gossip, rumorsLONDON — Heather Mills was awarded $48.6 million Monday in her divorce settlement from former husband Paul McCartney, the Associated Press reports.

According to a document released by London's Family Court, the judge awarded the 40-year-old Mills a lump sum of $33 million, in addition to the $15.6 million in assets that she currently holds.

"I'm so, so happy with this," Mills told reporters following the hearing, according to AP.

The couple's daughter, Beatrice, 4, should receive a "periodical payments order" of $70,000 per annum, the court also ruled. In addition, McCartney will pay for the child's nanny and school fees.

Mills and McCartney were married in 2002 and split four years later. She was reportedly seeking up to $250 million of the former Beatle's estate, while McCartney had argued the figure should be around 31.6 million, including her own assets.

While some have speculated that McCartney may be worth as much as $1.6 billion, Judge Hugh Bennett said the legendary singer's assets, including his business assets, were around $800 million.

"I'm so glad it's over," Mills added following the ruling. "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."