Updating a blog post we brought you this summer, media mogul Rupert Murdoch and his ex-wife Wendi Deng Murdoch have reached a settlement in their divorce case. The settlement effectively ends the couple’s 14-year marriage, according to the New York Times.
The couple reportedly signed a hundred-page agreement, which made a trial unnecessary. “I’m glad that you’ve been able to resolve these matters amicably,” stated Judge Ellen Gesmer, according to the Times. “Good luck to both of you.”
The newspaper reported that the settlement negotiations were “straightforward”, because there was a prenuptial agreement and two postnuptial agreements in place. There was speculation that the divorce could be contentious, as the Murdochs’ are worth billions of dollars. According to the Times, Rupert’s divorce from his second wife Anna, in 1998, cost him $1.7 billion, including $110 million in cash.
The Times reported that the most contentious issues ended up being custody arrangements for the couple’s two daughters, Grace, 12, and Chloe, 10. According to the paper, the girls will live with Wendi at the former couple’s Fifth Avenue penthouse, which she is keeping.
“The Murdochs’ divorce will not affect the ownership and control of Mr. Murdoch’s multibillion dollar media conglomerate, which was recently split into two separate companies: News Corporation, a publishing company, and 21st Century Fox, which houses entertainment assets,” the Times reported.
Locate a Bergen County Divorce Attorney
This case shows the importance of working with experienced family lawyers during a divorce case involving valuable assets, as well as the importance of post-and-prenuptial agreements. It also shows the significance placed on child custody and visitation.
Talk to our family lawyers if you are experiencing issues with your marriage and are worried about keeping your assets. Our attorneys have almost four decades of experience in family law negotiations—let our firm arrange your initial consultation.
Kantrowitz, Goldhamer & Graifman, P.C. – Bergen County Divorce Attorneys
Source: http://www.nytimes.com/2013/11/21/business/media/murdochs-reach-divorce-settlement.html?_r=0