Was the Rupert Murdoch Divorce Settlement the Most Expensive in History
Overview of the Rupert Murdoch Divorce
The Rupert Murdoch Divorce marked the dissolution of the marriage between Rupert Murdoch and Anna Torv; the Rupert Murdoch Divorce was finalized in 1999, ending the 32-year long marriage. Although the case of the Rupert Murdoch Divorce, which was considered by various media outlets as a celebrity, the impact of the dissolution of a union is thought to be universal; amongst the events and undertakings within a divorce proceeding, a divorce has the potential to elicit heightened emotions, such as sadness and loss. Furthermore, the reasoning for the breakdown of a marriage – regardless of the degree of celebrity status – will typically provide a legal framework for the terms and conditions latent within a divorce settlement:
The Parties Involved in the Rupert Murdoch Divorce
The consideration of Rupert Murdoch – both at the time of the Rupert Murdoch divorce, as well as currently – as one of the wealthiest individuals in the world paved the way for the dissolution of the Murdoch marriage to be thrust into the media spotlight; upon inheriting his father’s Australian newspaper company, Rupert Murdoch went on to found the international company ‘News Corporation’ – this venture earned Rupert Murdoch an estimated value of $6.3 billion according to Forbes Magazine. His former wife, Anna Torv, was a news-media journalist at the time of their marriage. The couple shares 3 children.
The Plea of ‘No Contest’ within the Rupert Murdoch Divorce
An uncontested divorce is one in which both parties have reached a mutual agreement with regard to the reasons behind filing for divorce, as well as the placement of fault in conjunction to the breakdown of the marriage. In the case of the Rupert Murdoch Divorce, both Rupert Murdoch and Anna Murdoch opted to file for a divorce uncontested – or unchallenged – in nature, which retained the classification of the reason for the Rupert Murdoch Divorce as a result, a bulk of celebrity couples undertaking divorce proceedings opt to either settle outside of court or file for divorce in an uncontested fashion in order to avoid potential media coverage and publicity:
Due to the fact that Anna Torv discovered her husband to have been engaging in extramarital affairs with a female executive employed by Star TV – a faction of News Corporation – in 1998, Anna Torv filed for divorce
The plea of an uncontested divorce within the parameters of the Rupert Murdoch divorce were presumed to be set forth in order to disallow for the disclosure of the affair from the public media
Rupert Murdoch married the woman with whom he was having an affair nearly 7 days following the finalization of the Rupert Murdoch divorce
The Terms of the Rupert Murdoch Divorce Settlement
A divorce settlement will typically include 3 primary facets with regard to the terms and conditions set forth by the presiding court official who was responsible for determining spousal support – in the form of alimony, child custody – and subsequent child support payments, and the division of assets; subsequent to the ruling of the presiding judge, the following judicial review was set forth with regard to the terms of the Rupert Murdoch Divorce settlement:
The Rupert Murdoch divorce settlement is considered to be the largest divorce settlement in world history; the reasoning behind this is consider to exist as a result of Rupert Murdoch’s vast fortunes in conjunction with the discovery of infidelity
Upon the finalization of the Rupert Murdoch divorce, Anna Torv reportedly walked away with almost $2 billion worth of the couple’s shared assets, as well as a lump cash payment furnished by Rupert Murdoch amounting to an estimated $110 million
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