Silvio Berlusconi in happier times with his wife Veronica Lario
Now after three years of negotiations he's agreed to pay his estranged wife 100,000 euros a day -- that's more than 132,000 dollars, according to Italian newspaper accounts.
The marriage lasted for more than 22 years. In 2009 Lario filed for divorce-- accusing the 76-year-old billionaire of having an affair with a 17-year-old girl.
Reports say that the settlement, will assign no blame to either party. It also said Lario will not get the 78-million-euro villa where she raised their three children.
Berlusconi has been dogged by repeated allegations of sexual scandals, with accounts of lavish sex parties in his Milan home. He has denied charges of paying for sex with a juvenile prostitute.
The settlement comes just after Berlusconi's return to frontline politics -- to lead a center-right campaign ahead of February elections.
Berlusconi's divorce costs $132,000 a day (1:15)
Dec. 28 Italian premier Silvio Berlusconi agrees to pay his estranged wife 100,000 euros a day in a divorce settlement. Deborah Lutterbeck reports. ( Transcript )