Richie and Madonna finally agree on settlement

Guy Richie and Madonna will finally get divorced at the High Court in London on Friday, as they end their eight years of marriage. London's Evening Standard reports that Madonna will keep the bulk of her estimated $500 million fortune intact, though Ritchie was entitled by law to a share of it. It was decided that Rocco and David will split time between the U.S. and London, while Lourdes, whose father is Carlos Leon, will live with her mother.

"[Madonna] walked away without any of his money, much to her credit," a friend told the U.K.'s Times. "He has done the same." "He could have hugely boosted his bank balance and set himself up for life, but he already feels he has enough money," another pal told the paper. "He also didn't want the whole thing dragging on in the public gaze for months and months and, in any case, his priority was the children's future." However a source close to the couple insists that's not true. "He's going to get a huge windfall, contrary to what's being reported," the source tells PEOPLE.

After splitting last month, Madonna has been linked with baseball star Alex Rodriguez (but now he is also linked with the HOT Jessica Simpson) and Guy Richie was seen enjoying the freedom with his friends. All the best to the both of them!

(Source: people.com)