They said: "The financial details of the settlement will remain private, save to say that both of us are happy with our agreement. Our primary concern, like any co-parents, is the care and well-being of our children."
Earlier this week, Madonna's spokeswoman said Ritchie would receive between 76million dollars and 92million dollars in cash and property which included the couple's country retreat Ashcombe House in Wiltshire.
The singer's US representative said the couple's west London pub the Punchbowl would also remain with Ritchie. But today, the joint statement from Ritchie and Madonna said: "We have tried to maintain a dignified silence regarding the details of our divorce for the last few months whilst accepting the obvious media interest.