Rupert Murdoch Stay Rich Finalizes Jerry Hall Divorce Finances – Deadline
In one of the few divorces in show business to really interest readers of the business pages of the world and arguably even more his children, Rupert Murdoch has finalized the financial details of his separation from Jerry Hall.
In a joint statement released by the former couple, Murdoch and Hall announced that the legal proceedings have been dropped and financial arrangements have been settled out of court.
After the end of their six-year marriage – Murdoch’s fourth – Hall is set to receive a multimillion-pound settlement, along with the couple’s £11million Oxfordshire mansion, Holmwood House. She should also receive a villa in the south of France.
It won’t leave Murdoch empty-handed. The 91-year-old media mogul will retain possession of his penthouse apartment in New York, as well as his home in London’s Mayfair and the jewel in his real estate crown, his Moraga Estate vineyard in Bel-Air.
The couple surprised media watchers when they learned of their separation, after Murdoch’s marriage to Hall in 2016 prompted him to call himself “the luckiest AND happiest man alive”.
Hall briefly appeared to win the PR battle, with her ex-husband pictured receiving divorce papers as he boarded a plane. In the papers, Hall describes herself as a resident of California, where any property purchased by a couple during a marriage is considered joint property.
The couple went on a spending spree shortly after their wedding – including the $200million acquisition of a sprawling ranch in Montana – but it’s unclear whether that prompted Murdoch to settle quickly. all outstanding financial matters.
The couple’s joint statement confirmed, “Jerry and Rupert Murdoch have finalized their divorce. They remain good friends and wish each other the best for the future.
Murdoch is well versed in payment. He previously paid his second wife Anna a $1.7 billion payout following the demise of their 32-year marriage, and his third wife Wendi Deng is also said to have received a hefty sum. But, with an estimated fortune of $21.7 billion, he can afford to be generous in such things.