If you are a woman who is lucky or conniving enough to snare a billionaire, the key to ensuring your future wealth is to get knocked up as soon as possible. Heather Mills married billionaire musician and widower Sir Paul McCartney, who is reported to be worth £825 million, $1.65 billion USD, in June, 2002. Their daughter Beatrice was born in October, 2003. In May, 2006 they announced their official separation. Reports put Heather Mills' lump sum divorce settlement at �25 million, or $50 million USD, an amount that was determined by the judge and is expected to be officially announced on Monday.
That makes around $17,000 a day for every day Mills was with McCartney. She will also receive a "maintenance" payment, or child support, every year until Beatrice is 18. The exact amount Mills will receive in child support may be kept private by the courts, but it could be �1.5 a year, or $3 million USD, which would bring her final settlement up to around $93 million USD.
Heather Mills is to receive a divorce settlement of up to £46million from Sir Paul McCartney.
The former model will get an immediate lump sum payment of £25million from the ex-Beatle.
But she has told friends she also hopes to be given maintenance of up to £1.5million a year as the main carer of the couple's four-year-old daughter, Beatrice, until the girl turns 18.
Since it is directly related to Beatrice however, the maintenance figure may never be made public in the settlement handed down by High Court judge Mr Justice Bennett.
Miss Mills, 40, had been fighting for £2.5million a year from 65-year-old Sir Paul to cover such costs as security for her and her daughter.
But she is understood to be expecting much less in the final agreement, which is also linked to a confidentiality clause.
Mr Justice Bennett is yet to officially tell either party his decision on the level of any annual payment – if indeed any is given.
Details of the settlement were reportedly contained in a preliminary High Court judgment sent to the estranged couple and their legal advisers this week.
The official verdict will be handed down on Monday, bringing an end to one of the most costly and acrimonious divorce battles in British history. Legal bills alone could be as high as £10million.
The judge sent each team of lawyers his preliminary judgment on the lump sum this week under strict orders not to reveal the contents.
Neither party is likely to object to the basic details being divulged.
A source said: "On an analysis of the case law, Mills was always going to receive around £25million. I think it's fair to say the judge has not erred from that.
[From The Daily Mail]
We'll have to see on Monday if this is true, as the Daily Mail has been incorrect with previous scoops on the Mills-McCartney divorce.
If this story is accurate, the woman that quickly became one of England's most hated will be walking away with about 3% of her ex husband's net worth along with substantial ongoing child support, and more than enough to live on for the rest of her life. The real test now is how much Mills, an ardent animal rights activist, will give to charity and if she will start her own charity with this windfall.
Whatever she does, I think I speak for a lot of people by wishing that she would keep a low profile. The public is fed up with seeing her sneering mug all over the papers. She's said that she might move to Poland or the Czech Republic, but it's doubtful she'll be happy living out of the spotlight. She'll want us to watch her spend that money. Look for a trip to LA in Mills' immediate future.
Heather Mills is shown outside of court on 2/18/08. Paul McCartney is shown outside of court on 2/14/08, thanks to PRPhotos.
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