Russell Brand walks away from Katy's millions

Katy Perry and Russell Brand have signed the papers to finalise their divorce.

The pair have agreed to split their assets, with Brand waiving any claim to the chart-topping singer's £28million fortune. By comparison, Brand is worth £4million.

Because the couple didn't sign a pre-nup and were married for 14 months, everything they earned during their marriage is deemed community property - which means they're each entitled to 50 per pent each.

But the British comedian has waived any claim to the money. It is understood that he will take a share of their assets, which may include their property.

Brand has spoken out about his wish to keep things friendly. "I’ll always adore her and I know we’ll remain friends," he said in a statement.

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