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Chief executive officer of Turner involved in ugly divorce

The chief executive officer (CEO) of Turner, which oversees CNN, is embattled in an ugly divorce from his wife of five years. John K. Martin Jr. is the chairman and CEO of Turner. He also oversees the business CNN conducts. The couple wed back in 2012 at the Mandarin Oriental New York.

The divorce proceedings are playing out in front of a New York Supreme Court judge. Turner was seen leaving a preliminary hearing in New York just last week.

The couple's home is located on West 63rd Street at the Park Laurel building in New York. Neighbors of the couple claim that Martin and his wife have been separated for a couple of months and he has not been seen at the residence in quite some time.

Martin has two children from a previous relationship. He took the job as chairman and CEO of Turner back in January of 2014. He not only oversees CNN, but also CNN International, CNN.com, TBS, HLN, Turner Classic Movies, TNT, Turner Sports and Cartoon Network.

Martin is believed to be worth more than $60 million.

A divorce such as this one, with millions of dollars in play, is considered a high asset divorce. High asset divorces can become very complicated, which is why many of them are not completed with a settlement agreement and instead in front of a judge.

High asset divorce cases involve more than just money in an account. They also include stocks, bonds, investments, portfolios, real estate, collections, other property and other finances.

Spouses involved in a high asset divorce will fight to keep as much of their wealth as possible, which is what can make these splits so complicated. Also included in high asset divorce cases are 401(k) accounts and pensions, should either of the two spouses receive them from one or more jobs.

An experienced divorce attorney can answer all of your high asset divorce questions in Fort Lauderdale, Florida and advise you of your rights in divorce.

Source: Page Six, "Turner CEO embroiled in ugly divorce battle," Emily Smith, March 20, 2017

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