Rachel Hunter models Ultimo lingerieRod's ex Rachel HunterCatwalk queen Rachel Hunter was clearly not a happy supermodel when she heard ex-hubby Rod Stewart was getting married again.

On discovering Hot Rod had popped the question to Penny Lancaster, she decided she wants a few of his other pennies - £35m worth in fact.

That's how much the leggy lovely could get from the London-born rocker as part of their divorce settlement, claims The Sun.

It adds up to half of Rod's fortune, accumulated since he first hit the big time with first band The Faces in the early '70s.

He has since had a string of hits including Maggie May and Sailing which have further bumped up his bulging bank balance.

Rod and Penny: Paris proposalRod Stewart & Penny LancasterNew Zealander Rachel, the new face of Ultimo lingerie, and 60-year-old Rod, have two children from their nine-year marriage. She walked out on him in 1999.

They are in the final stages of their divorce - but Rachel is reportedly fuming that she was kept in the dark over his new marriage plans.

A pal told the paper: "She was upset and humiliated when she found out he was getting married to Penny.

"The thing that hurt most was that Rod was staying in the same hotel and did not breathe a word about his engagement to her.

"She is now determined to make things difficult for Rod over the divorce."

Under Californian law, she could be entitled to half his fortune AND entitlement to his properties worldwide.

Over to you Rod...