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Sir Paul in divorce court hearing | |
(about 1 hour later) | |
Heather Mills and Sir Paul McCartney have appeared at the High Court in London for a hearing to reach a financial settlement for their divorce. | |
The hearing in the Family Division, which is taking place in private, is expected to last five days. | |
The couple, who have a four-year-old daughter, Beatrice, announced the end of their four-year marriage in 2006. | The couple, who have a four-year-old daughter, Beatrice, announced the end of their four-year marriage in 2006. |
Neither made any statement to reporters as they left, with Sir Paul saying "no comment" to questions. | |
'Vast disparity' | 'Vast disparity' |
The former Beatle has a fortune estimated at £825m. There has been speculation among divorce experts, based on recent cases, that the settlement could reach £60m. | |
The record currently rests with the £48m which businessman John Charman was told by the courts to pay his former wife in May last year. | The record currently rests with the £48m which businessman John Charman was told by the courts to pay his former wife in May last year. |
Sir Paul entered the court through a side entranceSuzanne Kingston, a family law expert, said: "Current estimates suggest that Heather is likely to receive anything from £50m to £100 million as her final settlement. | |
"In Heather and Sir Paul's negotiations, making sure that their child Beatrice is properly provided for will be a key consideration, as will ensuring that there is not a vast disparity between Heather's lifestyle and Paul's as viewed by Beatrice. | "In Heather and Sir Paul's negotiations, making sure that their child Beatrice is properly provided for will be a key consideration, as will ensuring that there is not a vast disparity between Heather's lifestyle and Paul's as viewed by Beatrice. |
"The fact that this has been a short marriage will be taken into account and this could involve looking at the wealth that has been generated during the course of the marriage as distinct from pre-marital wealth." | "The fact that this has been a short marriage will be taken into account and this could involve looking at the wealth that has been generated during the course of the marriage as distinct from pre-marital wealth." |
The hearing is taking place behind closed doors, and the courtroom's windows have been blacked out. Any financial settlement will not be made public. |