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Monday, October 18, 2010

Tiger Woods Paid $110 million to Elin Nordegren


Tiger Woods' divorce settlement with Elin Nordegren reportedly involved paying her $110 million.

The divorce was finalized on August 23. The settlement was arrived out of court on July 3 and 4. The terms of the settlement were not made public, but TMZ earlier reported that Tiger agreed to pay Elin $100 million.

Radar Online is now reporting that the amount was $110 million.

The amount is substantially more than what Elin would have got under her pre-nuptial.

Under the prenuptial, Tiger would have been obliged to pay Elin $20 million only if the two had remained married for 10 years.

Elin is believed to have renegotiated the prenuptial after Tiger's secret sex life became public knowledge following his Thanksgiving night car crash last year.

Despite the substantial payout, Elin is not flaunting her newly acquired wealth, choosing to travel by airline instead of private jet as she used to earlier. She has also cut back the hours of her personal staff.

"She's not acting like she hit the lottery," a source tells Radar Online.

Elin's settlement with Tiger forbids her from speaking to the press about their marriage.

The former couple share custody of their two children: Daughter Sam Alexis (b. 2007) and son Charlie Axel (b. 2009).

Elin is reported to be shopping for a home in south Florida where Tiger has a newly built $80 million mansion, in order to facilitate sharing custody of their children.

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