FinanceSpectrum.com Takes Financial Divorce Lessons from Rupert Murdoch

FinanceSpectrum.com financial advice website looks to Murdoch’s divorce from wife Wendy Deng for personal and business finance tips, taking lessons from the media titan’s third divorce and doling out tips to readers about how to manage finances successfully during a divorce

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We figured that somebody who is valued at $9.2 billion dollars and is getting divorced for the third time probably knows a thing or two about the financial aspect of things.

New York, NY (PRWEB) June 16, 2013

FinanceSpectrum.com financial advice website today issued its statement regarding media titan Rupert Murdoch’s divorce from his third wife, Wendy Deng, and garnered finance tips from the News Corp CEO’s third go-around with divorce.

According to an article published on June 13th 2013 in the New York Daily News by Dareh Gregorian, Carol Kuruvilla, and Barbara Ross, Murdoch filed for divorce on the morning of Thursday, June 13th with the New York State Supreme Court. A Murdoch spokesman is quoted as stating that the sealed court documents claim, “The relationship between the husband and wife has broken down irretrievably.” The article states that this is the third divorce for Murdoch, age 82, and that he and wife Deng, 44, did sign a pre-nuptial agreement prior to their wedding in 1999.

FinanceSpectrum.com looks to the media mogul’s divorce number three to glean some tips on how to separate from a spouse and not have it affect one’s business or allow one’s personal finances to take too hard of a hit. FinanceSpectrum.com is quoted as saying, “Being that divorce rates are fairly high these days, it is not a scenario that our readers are unfamiliar with. As such, we decided to look to Murdoch’s divorce from Deng to gather some financial tips. We figured that somebody who is valued at $9.2 billion dollars and is getting divorced for the third time probably knows a thing or two about the financial aspect of things.”

FinanceSpectrum.com points out that with that amount of money, if there is even a slight apprehension that the relationship might not last, a pre-nuptial agreement might be a good idea. In Murdoch’s case, he and Deng signed two additional agreements besides the pre-nup according to a Guardian article by Dominic Rushe, Josh Halliday and Lisa O’Carroll published June 13th 2013. FinanceSpectrum.com also warns readers that if one’s spouse becomes involved in their business, as Deng did with Murdoch’s News Corp, it is essential that their participation be based on a proper contract. Otherwise in the event of a divorce, he or she could claim that they are a true partner in the business thus rendering them entitled to far more money.

Although FinanceSpectrum.com admits that though they truly liked Deng and Murdoch as a couple, perhaps 38 years in age difference is a bit too much. FinanceSpectrum.com does hope that the split is a friendly and at least hospitable one. The online column is quoted as saying, “It can be hard enough emotionally separating from a partner, especially after having been together for 14 years. Then there’s the physical dividing of assets, divvying up things like property, cars, furniture, and valuables. And that’s not even getting into the intangibles such as stocks, bonds, child support, any family life insurance policies that were in effect, debt, taxes, and so forth. The list seems endless. It makes the entire process so much more bearable if each party acts with respect and as much kindness as can be summoned towards one another.”

The above-mentioned NY Daily News article reports that Murdoch and Deng have filed for joint custody of their two daughters, Grace and Chloe Murdoch.

About FinanceSpectrum.com:
FinanceSpectrum.com is an online finance advice column that writes articles intended for everyday middle-aged American consumers to assist with their financial queries and questions. FinanceSpectrum.com articles span a vast range of topics, from current economic events, to budgeting, to investing.


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