When Rupert Murdoch divorced his second wife back in 1999, the media mogul ended up having to fork over $1.0 billion in assets as part of their divorce settlement. So, when he married his much younger second wife, Wendi Deng, he made sure he had a prenup drawn up to protect him and his family’s $13.4 billion fortune.
The couple announced that their 14-year marriage was officially over in June 2013, and the prenup pretty much outlined how the divorce settlement would pan out. Now, five months later, Murdoch and Deng are getting close to settling. According to an insider, Murdoch’s soon-to-be ex-wife will get to keep their penthouse in Manhattan, which they originally paid a whopping $44.0 million for when they bought it eight years ago—it’s also estimated that they’ve spent up to $50.0 million on furniture and remodeling the place since moving in.
Deng’s expensive divorce digs aren’t just a generous offering from Murdoch. The only reason he’s agreed to give up the penthouse to his ex-wife is so that their two young kids can stay with their mother in their family home.
Meanwhile, Murdoch will get to keep his homes in California, including his 16-acre vineyard in Bel-Air that has its own 8,000-square foot mansion. Furthermore, Deng will not be able to tap into Murdoch’s two huge media empires, News Corp. and 21st Century Fox, because she doesn’t have a stake in the trust that controls the two companies.
The divorce settlement still has to be approved by a judge, but Murdoch is reportedly looking forward to “have this almost behind him.”
What do you think: Does Wendi Deng deserve more than just the apartment in their divorce settlement?
James, M., “Rupert Murdoch finalizing divorce; Wendi Murdoch keeps NY apartment,” Los Angeles Times web site, November 19, 2013; http://goo.gl/ViJF1S.
“Rupert Murdoch & family,” Forbes web site; http://goo.gl/CjdSep, last accessed November 20, 2013.
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