Despite selling 70 million records and making eight number one albums Liam Gallagher has only £11m left to split in his divorce deal

Liam Gallagher has been forced to hand over half of his £11m fortune to ex-wife Nicole Appleton.

The pair - who have been locked in a bitter court battle - decided to finally close their 13-year relationship and divide up their assets.

But after selling more than 70 million records and making eight number one albums how is it that Liam's net worth is just £11 million.

He and his brother Noel were founding members of Oasis, which was perhaps the largest most successful rock band since the 70s.

The Times put the pair in 28th position on their Rich List this year when it was estimated they were worth a staggering £77million.

But while Liam and Noel are both musicians and vocalists, it is Noel who takes most of the writing credits for their songs.

This means he will take a larger share of the royalties for their music and earlier this year it was suggested Noel was worth £40million.

An article of the richest frontmen in music by Celebrity Net Worth in 2011 suggested Liam had made £50million from his exploits with Oasis and follow-up band Beady Eye, based on his salary, real estate holdings, royalties and sponsorship deals.

However, it would seem that his fortune has dwindled over recent years.

In an interview in 2013 with NME Magazine the star admitted to living beyond his means while on tour and earlier said he had spent a lot of money on clothes.

He said: 'I don't go on the road to come back with a big pot of money. I go on the road to have a good time, do great gigs and enjoy being in a band. And that means staying in good hotels and flying business class.

'I don't want a f****** Mini picking me up at the airport, I want a nice f****** car picking me up, and if I come back and I've made no money on that tour because it's all been spent, then I'm happy with that.'

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The £3million home Gallagher previously shared with Appleton in Henley-on-Thames, Oxfordshire

The ex-Oasis singer also shared a £5million house in Hampstead, north London, with Appleton

Gallagher previously shared a £3m mansion in Henley-on-Thames, Oxfordshire and a £5m house in Hampstead, north London, with Appleton.

As previously reported, he spent $2.5million on a two-bedroom Manhattan apartment in 2012 complete with 40-bottle wine cooler, although he has reportedly been trying to sell the property for the past year.

He also founded clothing label Pretty Green six years ago, which has 20 stores across the UK and enjoyed record sales last year of around £15million, turning profits of around £43,000, its first profit since it was set up, according to data from Companies House.

The 43-year-old musician was also fined $5,000 by a New York judge for missing a child support hearing in January this year.

The interior of Liam Gallagher's apartment in Manhattan, which he bought for around $2.5m in 2012

The luxury pad comes with a modern kitchen, herringbone floors, and a 40-bottle wine cooler

The two-bedroom flat is found in Essex House, an Art Deco landmark in New York City

The details of his wealth came as the former frontman's divorce battle with the former All Saints singer became public.

The marriage fell apart in 2013 when it emerged Liam had a secret child with U.S journalist Liza Ghorbani.

In a hearing on Friday Judge Martin O'Dwyer said: 'It was only when publicity was about to occur in April 2013 when Mr Gallagher told his wife.

Liam Gallagher and his ex-wife, former All Saints singer Nicole Appleton, have blown £800,000 on their divorce

Liam Gallagher founded clothing label Pretty Green which enjoyed record sales last year

The brand has 20 stores around the UK and also has five shops in Japan

'The circumstances were extremely unfortunate. The wife was away on holiday and she was informed by telephone by the husband.'

Judge O'Dwyer ruled assets should be split half and half and said Gallagher and Appleton should each get about £5.5 million.

He said the couple's spending on legal costs - a combined total of around £800,000 - had been 'manifestly excessive'.

Gallagher and Appleton's (left in 2012) five-year marriage collapsed in 2013 when it emerged he had a child with American journalist Liza Ghorbani (pictured right), with whom he had an affair

Brother Noel turned down £20million to reunite with the Beady Eye frontman for an Oasis world tour in December last year.

The judge said Gallagher and Appleton had started living together about 15 years ago, had married in 2008 and separated in 2013, and they have a son together.

He said they had 'lived a very good lifestyle'.

The judge concluded Gallagher and Appleton had assets totalling £10.8 million, and each should get £5.4 million.