Photo Credit: STAN HONDA/AFP
Before Linda Evangelista could take the stand in the second day of her contentious custody case against her son's father, French billionaire Francois-Henri Pinault, the two parties reached a settlement that put a stop to the court proceedings in Manhattan Family Court.
Evangelista had been seeking up to $46,000 a month in child support to pay for her 5-year-old son Augustin's nannies, chauffeurs, security and other expenses associated with his care.
"He has gone a long way toward meeting those original demands," a source close to the negotiation told the New York Post about Pinault, who is married to Salma Hayek (with whom he has a 4-year-old daughter, Valentina).
Pinault is the scion of one of France's richest families, which owns the luxury conglomerate that includes Gucci, Bottega Veneta, Boucheron, and Yves St. Laurent. His family's worth is estimated at $16-$18 billion, with his 2010 income as CEO of the company a reported $5 million.
Although the exact terms of the agreement have not been released, Pinault's attorney addressed the press outside the court, saying: "Everybody's glad for the sake and the benefit of the child that it's done."
A rep for Evangelista had no comment, but the model's lawyer had claimed Pinault initially "suggested she terminate the pregnancy," a sensitive topic Evangelista would have had to testify about Monday in the New York court.
It was only revealed last year that the father of Evangelista's son Augie was indeed Hayek's husband. Pinault reportedly started dating the Mexican actress just as his ex Evangelista found out she was pregnant. Hayek and Pinault married in 2009.