Rupert Murdoch, Wendi Deng split; the most expensive divorces ever

Rupert Murdoch, chairman and CEO of News Corporation, arrives with his wife Wendi Deng at the 85th Academy Awards in Hollywood, California in February  2013.
LUCY NICHOLSON | REUTERS
Rupert Murdoch, chairman and CEO of News Corporation, arrives with his wife Wendi Deng at the 85th Academy Awards in Hollywood, California in February 2013.
By Liana B. Baker, Reuters
Posted June 13, 2013, at 8:16 p.m.

NEW YORK — News Corp Chief Executive Rupert Murdoch on Thursday filed for divorce from his wife of 14 years, Wendi, seeking to end a marriage that had been irretrievably broken for more than six months, according to his spokesman.

Murdoch, 82, married the former Wendi Deng, 44, in 1999 in his third and her second marriage. They have two young daughters.

The divorce filing, which was sealed, comes just days before News Corp is to split into two companies, one containing its entertainment assets and the other holding its publishing business. Though they had a pre-nuptial agreement, it is unclear what that means for Murdoch, worth a reported $9.4 billion.

Despite the timing, there is no connection between the divorce and the corporate split, said a source close to News Corp who was not authorized to discuss the matter publicly. Deng could not be reached for comment.

Analysts said the end of the Murdochs’ marriage was unlikely to have an impact on the media empire. Their girls, Grace and Chloe, have stakes in the family trust that holds the Murdochs’ stake in News Corp, but they do not have voting rights.

Ira Garr, an attorney listed as representing Murdoch, said he filed the divorce papers just after 11 a.m. EDT (1500 GMT) on Thursday. Garr, who previously represented Ivana Trump and actor Anthony Quinn’s wife Yolanda, declined to comment further.

Deng is represented by attorney Pamela Sloan, chair of the Family Law section of the New York State Bar Association. Sloan, a partner of the firm Aronson Mayefsky and Sloan, did not immediately return a call seeking comment.

Details of the prenuptial agreement were not known and it was not clear who would move out of the Murdochs’ apartment in New York City’s tony Upper East Side.

Murdoch also has four grown children, Prudence from his first marriage, and Lachlan, James and Elisabeth from his second.

From interpreter to star

Deng, the daughter of a factory director in Guangzhou, China, came to the United States in 1988 after serving as an interpreter for a Los Angeles couple working in China. The couple sponsored her to live with them, and the husband later left his wife and married Deng.

After their brief marriage, Deng went on to get an MBA from Yale and landed a job at News Corp’s Star TV as an intern in 1996. She met Murdoch in 1998, when she was a junior executive who acted as his interpreter during a business trip to China.

The pair married shortly after Murdoch divorced his wife of 31 years, Anna.

To many people outside the media industry, Deng is best known for defending her husband from a foam pie a prankster threw at the mogul while he was testifying before the British Parliament over News Corp’s phone-hacking scandal in July 2011.

More than halfway through the hearing, Deng suddenly leapt from her seat to intercept the pie with a furious slap, gaining the nickname “tiger wife.”

Following are some of the most expensive divorces and prospective divorces in history:

HAROLD HAMM

In what could be a record-breaking divorce settlement, Continental Resources CEO Harold Hamm is in the middle of a contentious separation. It’s unclear whether Hamm signed a prenuptial agreement with his second wife and former Continental executive Sue Ann Hamm. Without one, legal analysts told Reuters that courts could divide Harold Hamm’s controlling 68 percent stake in Continental, currently worth $11.2 billion.

ALEC WILDENSTEIN

When Jocelyn Wildenstein, a New York socialite known for her cosmetic surgery, divorced art dealer Alec Wildenstein in 1999, she received a $2.5 billion settlement, plus an annual $100 million for the next 13 years, according to reports from American and British tabloids.

RUPERT MURDOCH

Murdoch divorced his second wife of 31 years, Anna, with a $1.7 billion settlement in 1999. He married Wendi shortly after.

SILVIO BERLUSCONI

Berlusconi, the former Italian prime minister, agreed to pay his estranged wife Veronica Lario 36 million euros as part of a divorce settlement reached late last year. Lario, a former actress who was married to Berlusconi for more than 22 years, asked for a divorce from the billionaire in 2009, accusing him of having an affair with a 17-year-old girl.

BERNIE ECCLESTONE

Ecclestone, Formula One CEO, settled with ex-wife Slavica with a reported $1.2 billion in 2009, according to Forbes.

ADNAN KHASHOGGI

In 1974, Saudi businessman Adnan Khasoggi divorced his wife Soraya in a $874 million settlement, according to the Daily Telegraph.

STEVE WYNN

Wynn, CEO of casino empire Wynn Resorts, lost ownership of about half of his stock in the company in his 2010 divorce with Elaine Wynn in a $750 million agreement, according to reports at the time.

CRAIG MCCAW

McCaw, chairman of the board of Pendrell Corp. and founder of McCaw Cellular, which was sold to AT&T in 1994, divorced Wendy McCaw in a public battle that ended in a reported $460 million settlement, according to Forbes.

http://bangordailynews.com/2013/06/13/living/the-most-expensive-divorces-ever/ printed on July 22, 2014