Murdoch Divorce Could Be Pricey

The multibillionaire claims his 14-year marriage "has broken down irretrievably."
2:04 | 06/14/13

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Transcript for Murdoch Divorce Could Be Pricey
With the breakup of billionaire media titan rupert murdoch and his third wife, wendi. And it could be very expensive for him. Abc's rebecca jarvis has the story. Reporter: Wendi murdoch is famous for fighting for her man in the middle of britain's parliament, blocking him from a pie-throwing heckler. Now, she and husband, rupert murdoch, may soon be fighting each other. The 82-year-old billionaire, claiming his marriage with the 44-year-old has broken down irretrieva irretrievably. He was gushing about his wife and two of his daughters. She is very talented. Reporter: Today, she is known as a glamorous socialite and film producer. I grew up in china, in a small town, very, very pour. So, in a way, I can relate to that character. Reporter: She and murdoch met in 1997. She was 28, a graduate of yale, and working for one of murdoch's companies. But a year later,e filed for divorce. And within 17 days of it being finalized, married deng aboard his 155-foot yacht. Everyone says the agreement is iron-clad. Every agreement will be challenged. Reporter: Deng is murdoch's third wife. He paid his last wife a reported $1.7 billion settlement, one of the most expensive divorces in history. As for deng -- even with a prenup, I think it's safe say that she is being provided for. Reporter: A potentially pricey end for this fallen power couple. As you can imagine, with all that money at stake, the rumor mill is running rampant. This morning, gossip and social media tying wendi deng to multiple high-profile men, including the gad father of tony blair. His spokesperson denying those claims. And keep in mind, those girls are 11 and 9 years old, lara.

This transcript has been automatically generated and may not be 100% accurate.

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