Russell doesn’t want Katy’s money

Russell Brand is entitled to approximately U$20 million of his wife Katy Perry's fortune, but has elected not to make the legal case for it, according to reports.

Russell and Katy did not have a prenuptial agreement, and as a result, everything they earned during their 14-month marriage is communal property. In other words, they're each entitled to 50% of the aggregate, and the pop superstar made an estimated $44 million in the last year alone.

Russell could score a fortune if he exercised his community property rights ... but that's not his intention. Instead, he feels she should have what's hers. As one source put it, "This divorce is as amicable as it gets, and Russell was a mensch (Yiddish for a good person). He doesn't want Katy's money. He wishes her nothing but the best and he's more than happy to walk away with the money he earned, which is far less than what Katy made."

His lawyer filed final divorce papers Tuesday, although the judge can't make the divorce official until June 30, as there's a six-month waiting period.

click to enlarge Katy Perry & Russel Brand