THE BIG KAHUNA
|Mills Awarded $48.6M From McCartney
LONDON (AP) -- A judge awarded Heather Mills a total of $48.6 million Monday in the financial settlement of her divorce from former Beatle Paul McCartney. 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 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.
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.
Judge Hugh Bennett found that the total value of all of McCartney's assets, including his business assets, was about $800 million. He said there was no evidence to support the widely published figure that was more than twice as much.
McCartney left the court without making any statement.
"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.
"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.
"But all of you that have researched know that it was always going to be a figure between 20 and 30 million (pounds), Paul was offering a lot less than that, which you'll see in the judgment, and very much last minute to put me and Beatrice sadly through this ... incredibly sad."