Mills To Get $48.6 Million From McCartney

Lump-Sum Settlement Handed Down By Judge Expected To End Bitter Divorce Battle

(CBS/AP)  A British judge has awarded Heather Mills a total of $48.6 million in the financial settlement of her divorce from former Beatle Paul McCartney.

A document released by the Family Court says the judge awarded Mills a lump sum of $33 million plus assets she currently holds worth $15.6 million.

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

British law dictates that divorce cases are heard in private, and Judge Hugh Bennett delivered his ruling at a closed-door hearing at London's Royal Courts of Justice.

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Photos: Paul McCartney

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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.

CBSNews correspondent Charlie D'Agata, who was at the London courthouse, said the figure was twice what Sir Paul had offered, but only about a third of what Mills wanted.

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.

While the ex-Beatle left court without facing the cameras, D'Agata reported, Mills attacked his lawyers for their courtroom tactics - saying they played dirty, and called her names.

"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.

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Photos: Heather Mills McCartney

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"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."

McCartney, wearing a dark suit and a black and white scarf, was the first to arrive for today's session, followed five minutes later by Mills, who sported a blue-and-brown pantsuit.

McCartney, 65, and Mills, 40, went to court last month to decide on Mills' share of his fortune, which had been estimated at as much as $1.6 billion. Media reports have suggested McCartney offered his wife around $50 million and that she was seeking at least double that amount.

The settlement has been a long time coming for the couple, who separated two years ago, after four years of marriage. At the time, they said the parting was "amicable" and insisted "both of us still care about each other very much."

But the split has grown fractious since McCartney filed for divorce alleging his wife's "unreasonable behavior."

Mills - a former model whose left leg was amputated below the knee after a motorcycle accident in 1993 - claimed McCartney had failed to protect her and their daughter from slander, death threats and other abuse, and accused the media of persecuting her. In November, Mills said she had been "treated worse than a murderer or a pedophile," despite years of work for land mine victims and animal welfare charities.

When the couple and their lawyers appeared for a six-day hearing before Judge Bennett last month, photographers craned to catch a glimpse of them entering the grand, neo-Gothic court building, and reporters huddled outside the courtroom door.

But few details emerged.

Legal experts had said the fact that the couple have a child would be taken into account in a settlement - but so would the relative brevity of the marriage and the fact that most of McCartney's wealth was generated before he married Mills.

McCartney met Mills in 1999, the year after the death from breast cancer of his first wife, Linda. That marriage was one of rock's most enduring unions, and produced three children, including fashion designer Stella McCartney.

Mills and McCartney married at an Irish castle in June 2002, amid rumors the former Beatle's children disapproved of their new stepmother. The couple's daughter was born the following year.

[beader59]

Did Paul even make 48 million in those 4 years. How is 48m even realistic?? Why do men still get nailed in divorce court and I am a woman wondering this. Heather should be dancing in the streets and I am sure she is happy with her rip-off.

[gce65]

Heather Mills. What a C U Next Tuesday!

[dogband]

Paul should have followed Governor Spitzer''s lead, and saved himself at a minimum $30,000 per day, and probably got much better *** out of the deal.

[nottellin1]

I''''m sad to say I''''m ashamed of my own kind. There is NO reason to have babies until you are VERY sure of your relationship !
Posted by jeannec3 at 04:43 PM : Mar 17, 2008

It doesn''t matter what kind of birth control any women says she is on. They should have been using a condem anyway. Paul is lucky all he got was an ex-wife.

[jeent]

Amazing...I seemed to see she had a personal account on the millionaire&celebs dating site M E E T R I C H. C O M with profile and blog when looking for dates and fun with hot guys there recently. I''d just like to know more quality guys there and indeed have some great experience there...

[grumpas]

It was a whole lot more than the *** deserved!

[ianlou]

prostitution is alive and well in marriage,,,
Posted by terrorislam3

Prostitution is illegal because the institution of marriage (and the profitability of divorce) would be in jeopardy if it wasn%u2019t.

[formrusmcsgt]

Four years of marriage and a 48 million dollar divorce settlement.

A million for each month.

Absurd.

[drinuk]

This woman is a neurotic monster, a control freak and a total pain in the azz.

In the words of Don Rickles, Dummy, you''re gonna get yours.

[rhonda222-2009]

She knew all along that she was in it for the MONEY! All she had to do was have a CHILD,and she DID! SIR Paul had all his money before she came in the picture, so she did not deserve what she got.
Thats ok, he will take care of his DAUGHTER, but not her. Sir Paul LOVED Linda, and he never got over her Death, so he made a mistake...I don''t think he will do it again. SHAME ON YOU MILLS
When You are BROKE, Don''t call On Sir Paul!
EVERYONE LOVES SIR PAUL.....

[jeannec3]

Not all Countries have pre-nuptals. Maybe someone from England would no for sure.

[dew9112]

Who cares? That is a drop in the bucket to him.

[phoenixxgale]

I don''t understand why Sir Paul married her in the first place...everyone knows she was only after his money...she got way more than she deserves...that''s ok cause "batchi ga ataru"...she''ll get hers...

[ampsanne]

Time after time you see this happening. What has happened to the pre-nuptial agreements and sticking to them? You would think they''d learn by now. But I guess love is blind and you never think it will happen to you. I feel sorry for Paul as now he''s lost again.

[jeannec3]

I''m sure his daughter will NEVER want for anything. You know she''ll be in his Will and come out to be one of the riches women in the world. And of course you know Mill''s will try to bleed her daughter dry of her money in some way.

[x123123]

Did the deaths of 3000 people at the world trade towers satisfy Obama and his church for their justice? Do they have any other plans on their agenda for white America to get what they deserve?

GOD D-A-M-N WHITE AMERICA

OPRAH was the sales lady!

Mr. Dumb says %u201CI cannot believe this!%u201D
Is it you cannot believe this or you will not believe this!

[ranger1948]

Sir Paul deserved better than this.I think she got a lot more than she deserved. As a gentleman and a loving father i think Paul will make sure his daughter is well taken care of. Budhist believe that how you live your life will come back to you tenfold, good or bad. I can''t wait for the ex Mrs McCartney to get what is coming to her.

[lucasnico]

and she''s not even hot

[jessicayoyo2]

Yes, I believe he will be happier in his next marriage. Seems I have seen he at an interracial dating club blackcentury.com or somewhere just like that. Not sure whether it is true or not.

[keithle1]

No more marriages for you, Paul! There are worse things than being alone. As you have found out.