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Murdoch divorce one of the most expensive in world

Texans who follow the career of Rupert Murdoch may be interested in his latest divorce. In 1999, his divorce from his ex-wife was thought to be one of the most expensive in the entire world, settling around an estimated 1.7 billion. Now, he has divorced for a third time from his wife of 14 years.

Murdoch is ranked 94th in the top 100 wealthiest people in the world, and the terms of his divorce were not released. It's been predicted that this divorce will not cost him as much as the previous, but if it even comes close, it won't be spare change. According to one report, the split won't affect his companies or their management, because the two had prenuptial and post-nuptial agreements in place. He allegedly knew the split was imminent before their marriage was even completed, so he put the precautions in place.

According to the news, his ex-wife is going to keep the three-floor penthouse apartment they owned in Manhattan. The home alone cost an alleged $44 million when Murdoch purchased it in 2004. The home has also allegedly been refurbished, which cost around $50 million. At this time, the couple has decided to share custody of their two children, ages 9 and 11, and the children will allegedly inherit a third of the $10 billion estate without voting rights.

A divorce like this one can cost a good part of a fortune, as most high-asset divorces will. If you're involved in a divorce that has high stakes, you might want to seek legal advice to help you determine what you can do to protect your interests. With help, you will likely be able to come to a settlement that is agreeable on both sides.

Source: Las Vegas Guardian Express, "Rupert Murdoch: The Most Expensive Divorce in the World" Melissa McDonald, Nov. 22, 2013

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