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.
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.
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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