Mel Gibson Loses Half His $850M Fortune

...to his ex, as part of divorce

By Mary Papenfuss,  Newser Staff

Posted Dec 28, 2011 12:03 AM CST

(Newser) – In what's believed to be the largest Hollywood divorce settlement in history, Mel Gibson is having to cough up $425 million—half of his estimated fortune—to ex-wife Robyn Denise Moore. The two, married 31 years and parents to seven children, didn't have a prenuptial agreement, so Moore is entitled to half his wealth under California law. Moore, a former dental nurse, is also entitled to half of any future residuals from films Gibson, 55, worked on while the two were married, reports People. The settlement was finalized by a judge last week. Gibson earned $600 million alone from his The Passion of the Christ. He also made money from real estate, including a Fiji island he bought for $15 million.

Moore, 55, filed for divorce from Gibson in 2009 after he began a highly publicized, crazed affair with Oksana Grigorieva. Moore and Gibson met in the late 1970s when they were both tenants in a house in Australia. Of all their children, only a 12-year-old son is a minor and subject to a custody arrangement. The actor recently agreed to pay $750,000 to Grigorieva, mother of his toddler daughter, after the two broke up in an ugly split that involved leaked phone recordings of a ranting, racist Gibson screaming at Grigorieva.

Mel Gibson is shown in a Los Angeles courtroom to settle a long-running custody dispute with girlfriend, Russian musician Oksana Grigorieva over their young daughter earlier this year.   (AP Photo/Kevork Djansezian, Pool)
Actor Mel Gibson hams it up for photographers at an event earlier this year in Beverly Hills.   (AP Photo/Chris Pizzello)
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