According to the agreement between Murdoch and his second wife Anna, Deng Wendi has no right to inherit any of Murdoch's inheritance, and the beneficiaries of Murdoch's family financial trust are limited to his four adult children Prudence, Lackland River, Elizabeth and James.
However, in 2001119, Wendi Deng and Murdoch gave birth to their first daughter Grace through IVF technology, and in June 2003, Wendi Deng gave birth to a second daughter Chloe for Murdoch.
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In 2007, Murdoch distributed his property to his six children-each of whom received shares in News Corporation worth $654.38 billion. According to the management documents, the equity granted to Grace and Chloe will be managed by Murdoch and handed over to them when they reach adulthood. According to people familiar with the matter, this time Murdoch wants to give his adult children more property and discourage them from considering becoming successors of News Corp.
On June 20 1313, Murdoch's spokesman confirmed that their marriage had "irretrievably" broken down six months before Murdoch formally proposed to divorce Wendi Deng. According to the Associated Press, Murdoch submitted the divorce application documents to the Manhattan District Court in new york earlier on 13.
The timing of Murdoch's divorce from Wendi Deng is very delicate, just in time for News Corporation to split and reorganize its business. According to the plan, News Corporation will split into two on the 28th of this month, and the news publishing business and entertainment business will be separated, but the Murdoch family still controls the split business.
Their divorce will not change the inheritance rules of the Murdoch family trust fund. At present, 82-year-old Murdoch controls the newly split News Corp. and 2 1 Century Fox Company through voting shares in the trust fund. These voting shares will be inherited by Murdoch's four adult children Prudence, Elizabeth, lachlan and James. Except Prudence, the other three children actively participated in the operation of the company. After Murdoch's death, these children have the right to vote on the 38% shares of the two companies controlled by the fund.
The 44-year-old Wendi Deng doesn't own shares in News Corporation. Deng Wendi and Murdoch's two school-age daughters, Grace aged 65,438+02 and Chloe aged 65,438+00, are the beneficiaries of the fund's 8.7 million non-voting shares.
People's Daily Online-Kiss Murdoch goodbye for 6 minutes and get divorced? Expose Deng Wendi 14' s road to marriage (page 8, 1 1, 16).