In one of the few showbusiness divorces of genuine interest to readers of the world’s business pages and undoubtedly even more so for their children, Rupert Murdoch has finalized the financial statements of its division from jerry hall,
In a joint statement released by the former couple, Murdoch and Hall announced that the legal proceedings had been quashed, and the financial arrangement settled out of court.
Following the end of their six-year marriage – Murdoch’s fourth – Hall is expected to receive a multimillion-pound settlement, as well as the couple’s £11m Oxfordshire mansion, Holmwood House. He also hopes to find a villa in the south of France.
This would not leave Murdoch empty handed. The 91-year-old media mogul will continue to hold on to the crown of his wealth in his New York penthouse apartment as well as his home in Mayfair, London, and his Moraga Estate Vineyard in Bel-Air.
Following Murdoch’s marriage to Hall in 2016, the couple surprised media observers with news of their split, calling themselves “the luckiest and happiest man in the world”.
Hall briefly appeared to be winning the PR battle, getting on a plane as she was photographed receiving divorce papers with her husband. In the papers, Hall described himself as a resident of California, where any property purchased by a couple during the marriage is considered joint property.
The pair went on a spending spree soon after their marriage – including a $200m acquisition of a sprawling farm in Montana – but it’s unclear whether this helped smooth any of Murdoch’s increasingly outstanding financial matters. Inspired to clean.
The couple’s joint statement confirmed: “Jerry and Rupert Murdoch have finalized their divorce. They remain good friends and wish each other a bright future.”
Murdoch is well versed in making payments. He previously paid $1.7bn to his second wife Anna after the demise of their 32-year marriage, and his third wife, Wendy Deng, is also believed to have received a hefty sum. But, with an estimated net worth of $21.7 billion, he can afford to be generous in such things.