Sad News For Richard Gere Today
After a four year battle, Richard Gere and Carey Lowell's divorce settlement has been finalized.
The 67 year old actor and his now ex-wife reportedly reached a deal over his US$120 million worth.
Thankfully, custody over the couple's son, Homer, 16, was settled early on in the proceedings, but the splitting of assets became a sticking point.
Gere and the former Bond girl were married for ten years before filing for divorce in 2012 - but it has taken the remaining four years to come to an agreement.
The terms of the divorce settlement have not been made public, but it is alleged that a Manhattan Supreme Court Justice Matthew Cooper signed off on the papers on Tuesday.
Under New York Law, the couple have the right to keep the split of assets private and confidential.
The couple had their son Homer two years before tying the knot.
In preparation for the divorce, the 67 year old actor recently sold his Hamptons property for US$33 million - a mere portion of the reported original asking price of US$65 million.
Gere is rumoured to be dating 33 year old Alejandra Silva currently, after being sighted together in public in September at a charity event in Spain.