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Mel Gibson's Divorce Finalized; He Could Pay Ex-Wife over $400M

Mike Marsland/WireImage(LOS ANGELES) -- Mel Gibson is not only single, but about $425 million poorer, thanks to a divorce settlement finalized Friday between the actor and his wife of 31 years, Robyn Denise Moore.

The judgment, finalized by a judge in Los Angeles, keeps virtually all details of the settlement secret.  But People magazine reports that the couple did not have a prenuptial agreement, meaning Gibson's ex-wife would be entitled to half of everything he earned during their marriage.

The Oscar-winner’s fortune has been estimated to be as high as $850 million, the magazine said, citing a 2006 report in the Los Angeles Business Journal.

People also reports that Moore, a former dental nurse, is entitled to half of any film residuals Gibson receives for the rest of his life.

Moore, 55, filed for divorce from Gibson, also 55, in 2009.  The two met in the late 1970s, when they were both tenants in a house in Adelaide, Australia.   Of their seven children together, only one, a 12-year-old son, is a minor and therefore subject to a custody agreement.

The divorce, which will take effect on Jan. 9, is believed to be the biggest celebrity divorce payout in Hollywood history.

Gibson’s divorce payout and the potential custody battle that lies ahead comes on the heels of the $750,000 he agreed to pay to Oksana Grigorieva, his former girlfriend and mother of his toddler daughter, Lucia, in August.

The two, who split last April, were engaged in a bitter custody dispute that included leaked recordings that sounded like Gibson engaged in a racist and sexist tirade, and Grigorieva accusing Gibson of domestic violence.

Copyright 2011 ABC News Radio

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