According to the New York Times, after 14 years of marriage Rupert Murdoch has filed for divorce from his third wife Wendi. Murdoch owns more than 38 percent of the $73 billion media conglomerate News Corporation, which owns assets like Fox Broadcasting, Fox News and 21st Century Fox.
The Times reported that Murdoch filed for divorce in the New York State Supreme Court, saying the relationship had been “broken down irretrievably.” A representative for News Corporation said that the divorce would have no impact on the company and that Wendi had no financial stake in it.
The Times reported that the divorce could be contentious, as Rupert’s divorce from his second wife Anna, in 1998, cost him $1.7 billion, including $110 million in cash.
If you are thinking about a divorce, it is important that you speak to an experienced family attorney. If the costs of litigation are more than the amount of money disputed during a divorce, than there is no question that a settlement may be beneficial; however, there are times when it is important to protect your assets. The outcome of a divorce could determine who will retain control of valuable real estate, residences and retirement funds accumulated during your marriage.
Issues related to division of assets, property and debts are some of the most contentious aspects of any divorce. Our skilled division of marital assets attorneys will arrange your initial consultation. Call us today at (800) 711-5258.
Kantrowitz, Goldhamer & Graifman, P.C. – Bergen County Divorce Attorneys