LONDON (AP) – Madonna has settled her divorce with ex-husband Guy Ritchie by also parting with at least £50 million ($76 million), the singer's spokeswoman said this week.

Liz Rosenberg told The Associated Press the settlement was in the range of £50 million to £60 million ($76 million to $92 million) as part of their divorce agreement, a figure she said included the value of the couple's country home, Ashcombe House in western England, which Ritchie will keep.

Rosenberg said the couple's west London pub – the Punchbowl – would also remain with Ritchie.

A representative for the British filmmaker declined comment.

The couple were reportedly worth some $525 million, the vast majority of which belonged to Madonna. Ritchie had an estimated $35 million fortune.

Their multi-million pound settlement is about twice the size paid out in Britain's latest high-profile celebrity divorce, that of former Beatle Paul McCartney and model Heather Mills.

"I'd assume it's one of the largest payouts ever in a divorce settlement," Rosenberg said.

The biggest contested divorce settlement in English history was the £48 million (about $90 million at the time) insurance tycoon John Charman was ordered to pay his ex-wife in 2006.

But UK-based entertainment lawyer Ambi Sitham said it made sense for Madonna to divest herself of her British property.

"She's got no interest in remaining here," Sitham said. "She's relocating and moving back to New York. It's money she's already paid out – what is she going to do, try to sell the houses in a flagging market?"

Rosenberg said that while the financial component of the settlement had been worked out, custodial arrangements for the couple's children have yet to be finalised.

Madonna and Ritchie, director of "Snatch" and "Lock, Stock and Two Smoking Barrels", have two children, Rocco, eight, and David Banda, three, who was adopted from Malawi in 2006. The singer has a 12-year-old daughter, Lourdes, from a previous relationship with personal trainer Carlos Leon.

The pair were married in a lavish ceremony in December 2000 at Skibo Castle in the Scottish Highlands.

But in recent years, reports began to accumulate that their relationship was on the rocks. Over the summer, Madonna was linked – unfairly, she said – to the breakup of New York Yankee Alex Rodriguez and his wife, Cynthia.

Madonna and Ritchie announced their split in October after months of tabloid speculation. They were granted a preliminary divorce decree on November 21 and the split is expected to become final in January.

Madonna kicked off her latest tour – "Sticky and Sweet" – in Cardiff, Wales, on August 23. Madonna, Lourdes and Rocco are currently in Rio de Janeiro, Brazil where the singer gave a concert on Sunday night before 70,000 fans at the famed Maracana soccer stadium.

She next plays in Sao Paulo's Morumbi stadium tomorrow, Saturday and Sunday nights.