Credit: INFphoto.com Photo: Simon Cowell and Lauren Silverman on a Yacht in St. Barts in January 2012

Lauren Silverman, the New York socialite who is reportedly pregnant with X Factor creator/judge Simon Cowell's love child, has settled her divorce with husband Andrew Silverman, according to a breaking report from TMZ. While the  specific terms of the settlement are not yet known at this time, we do know that the Silvermans have reached a joint custody agreement over their 7-year-old son, and that Lauren was awarded over $2 million.

There was no indication that Lauren will receive alimony in addition to the $2 million award, but we're guessing that she won't have to worry too much about finances. In addition to her hefty share of the couple's estate, she'll have multimillionaire Simon Cowell by her side. TMZ sources reveal that she and multimillionaire Simon are still "very much together."

As for whether Simon and Lauren have future plans to set up house together, that remains to be seen. Lauren's rep indicates she has no intention of leaving New York City, where her ex and their son reside — but Simon's primary residence and his work as an X Factor judge root him in the Los Angeles area.

Source: TMZ