The wedding, which was due to take place this summer, would have been Murdoch's fifth.
Rupert Murdoch has reportedly called off his engagement only two weeks after announcing that he was due to tie the knot again.
The billionaire has previously been married to Jerry Hall, Wendi Murdoch, Anna Murdoch Mann, and Patricia Booker. The businessman proposed to the former police chaplain with an Asscher cut diamond solitaire on St. Patrick’s Day.“I dreaded falling in love - but I knew this would be my last. It better be. I’m happy.”
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