Media tycoon Rupert Murdoch and ex-wife Wendi Deng reached a settlement on Wednesday following a highly-publicized divorce case that was announced in June, and Deng left the courthouse looking pretty unhappy despite reports that she will be keeping the former couple’s $44 million New York apartment.
NY Daily News reports that the billionaire media mogul and his third wife Wendi Deng, 30 years his junior, ended their 14-year marriage cordially on Wednesday with a small kiss and a handshake after a hearing that lasted only 15 minutes.
“I’m glad you were able to resolve these matters amicably,” the Manhattan Supreme Court Justice Ellen Gesmer was quoted as saying after the hearing.
Although neither Deng nor Murdoch spoke to reporters, a formal statement was released between the two.
“We are pleased to announce that we have reached an amicable settlement of all matters relating to our divorce,” the statement said.
“We move forward with mutual respect and a shared interest in the health and happiness of our two daughters. We will not comment on this any further.”
Each half left the marriage with some substantial property, according to the LA Times:
The press baron is expected to keep his California homes after the divorce is finalized. He has a mansion in Beverly Hills and last summer purchased the 16-acre Moraga Vineyards in the hills above Bel-Air for nearly $29 million. The Moraga property includes an 8,000-square-foot mansion and lush gardens.
As part of the settlement, Wendi Deng Murdoch will receive the couple’s palatial penthouse apartment on Fifth Avenue in Manhattan. They purchased the residence, once owned by Laurance Rockefeller, eight years ago for $44 million, and then spent as much as $50 million refurbishing it, according to people close to the family.
Rupert relinquished the apartment so that his two daughters could remain at home, according to sources close to the two.
Court filings of the divorce announced in June said that “the relationship between the husband and wife has broken down irretrievably” and the two reportedly had prenuptial and postnuptial agreements that ensured a potential split would have no effect on the management or ownership of Murdoch’s enterprise.
LA Times reports:
One contentious point in the negotiations reportedly was control of company shares held by the Murdoch Family Trust. Years ago, Murdoch angered his third wife by refusing to change the structure of the trust to put his young daughters on equal footing with his four older children.
Murdoch beamed upon seeing Deng enter the courtroom, according to NY Daily News, and unlike his former other half, was photographed leaving the hearing looking pleased as punch.