Mel Gibson won’t be celebrating the results of his divorce settlement this holiday season. The actor is officially divorced from his ex-wife Robyn after being married almost 30 years, but he’s given up half of his fortune for the luxury of bachelorhood.
Gibson’s fortune was estimated at $850 million in 2006, and because he didn’t have a prenuptial agreement with Robyn, she’s legally entitled to half of his assets and half of all future film residuals.
Robyn has already taken possession of two homes worth $22.5 million combined, according to People. Gibson’s divorce settlement may be the biggest in history when all is said and done: Michael Jordan, who currently has the lead, paid $168 million to his ex-wife Juanita as a part of their divorce settlement in 2006.