The beauty and the billionaire will have a happy ending after all.

Supermodel Stephanie Seymour and newsprint magnate Peter Brant announced yesterday they’ve called off their divorce and will reconcile.

After harsh accusations from both sides, the couple announced the decision through a statement yesterday as they were about to begin divorce proceedings in Middletown, Conn.

The couple, married for 15 years, has three children, ages 16, 14 and 5.

Seymour, 41, a former Victoria’s Secret model, filed for divorce in March 2009. She reportedly said Brant changed the locks on her, hired a nanny to spy on her, and turned their children against her.

Brant, 63, accused Seymour of infidelity, drug and alcohol abuse, and spending more than $250,000 per month.

(With AP)

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