91-Year-Old Media Mogul Murdoch Divorces Fourth Wife: "No Impact on Business"

Divorce After 6 Years of Marriage Since 2016
Ex-Wife Received Alimony Exceeding 1 Trillion Won

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Hyunwoo Lee] Rupert Murdoch (91), the global media tycoon, is set to part ways with his fourth wife, Jerry Hall (65), after six years of marriage. It is expected that a huge alimony payment exceeding 1 trillion won, similar to the amount paid during his divorce from his second wife, will be involved. However, no changes in company shares are anticipated, so Murdoch's business operations are expected to remain unaffected.

On the 22nd (local time), The New York Times (NYT) reported, citing sources, that Murdoch has decided to divorce Hall, a former model and actress, after six years of marriage. The couple married in March 2016 in London, England. Previously, Hall was also the ex-wife of Mick Jagger, the lead vocalist of the world-famous rock band The Rolling Stones.

The specific reasons for the divorce and the amount of alimony have not been disclosed, but there are already speculations that a large alimony payment will occur. Previously, in 1999, Murdoch divorced his second wife, a Scottish-born journalist, after 32 years of marriage, paying 700 million pounds (approximately 1.1 trillion won) in alimony. According to the American economic media Forbes, Murdoch's estimated current wealth is about 17.7 billion dollars (approximately 23 trillion won).

Even if a large alimony payment occurs, no changes in the shares or management of the businesses Murdoch operates are expected. According to the NYT, the shares of major businesses, including News Corporation Group where Murdoch serves as chairman, are managed by a trust company. The NYT explained that all four of Murdoch's children who hold shares together with him are structured so that they cannot arbitrarily dispose of their shares.

Meanwhile, Murdoch is known as a media mogul from Australia who holds operational rights to major media outlets such as Fox News and The Wall Street Journal (WSJ). He has had six children with four wives so far, and four of these children are involved in managing the media business.

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