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Rupert Murdoch and Jerry Hall are to divorce after six years, according to a report.
The media mogul declared himself the "happiest man in the world" when he married the former supermodel in London in March 2016.
But the couple are to split, the New York Times has reported, citing two people with knowledge of the decision.
It would be the fourth divorce for the 91-year-old media titan.
There were no immediate details of any settlement between him and 65-year-old Hall, who was previously in a long-term relationship with Sir Mick Jagger - with whom she has four children.
However, it was not expected to affect ownership of Murdoch's international business empire.
His family's shares in the companies founded by Murdoch are in a managed trust.
The trust's voting rights are split with his four oldest children - Lachlan, Elisabeth, James and Prudence.
Murdoch and his family are worth $17.7 billion, according to Forbes.
The couple met in Australia and Murdoch was photographed kissing Hall at the Rugby World Cup Final at Twickenham in October 2015.
A few months later, they attended the Golden Globes together in Los Angeles. Shortly after that, they announced their engagement and Hall was seen wearing a marquise diamond ring.
Murdoch and Hall married at Spencer House, overlooking Green Park, which was built in the 18th Century by ancestors of the late Diana, Princess of Wales.
He wore a business suit, while Hall wore a navy skirt and a trench coat.
At the time Murdoch wrote that he was giving up posting on Twitter, below, as he felt "like the luckiest man in world".
No more tweets for ten days or ever! Feel like the luckiest AND happiest man in world.
— Rupert Murdoch (@rupertmurdoch) March 4, 2016
Following the wedding, Murdoch reportedly spent more time with his new wife, allowing his children to hold more sway over his businesses.
The couple were subsequently photographed together, including on a beach, watching sports events and at black-tie events.
Murdoch celebrated his 90th birthday last year in New York.
The couple were reported to have looked happy, with Hall doting on her husband at a restaurant where guests included leading lights from the worlds of business and politics.
There was also a belated birthday celebration at his home in Henley.
The guests included a few hundred friends from the media, business and politics, including past and present Cabinet ministers.
Rishi Sunak, Liz Truss, Priti Patel and Michael Gove were among the attendees.
The event featured an hour-long video tribute introduced by his daughter, Elisabeth.
The video was reported to have featured the theme tune from Succession, the fictional Sky series based on Murdoch family intrigue.
Previously, Murdoch was married to his third wife Wendi Deng from 1999 to 2014.
His second wife, Anna, was a former newspaper reporter. They divorced in 1999 following three decades of marriage.
Patricia Booker, an Australian model, was his first wife and they divorced in 1965..
Murdoch's business empire encompasses the Fox News Channel, as well as television and newspaper interests in the US, UK and Australia.
A spokesman for Murdoch declined to comment, and representatives for Hall could not immediately be reached.
News UK, Murdoch's British newspaper publishing company, declined to comment.
Last year, Hall made a comeback as a model, fronting Saint Laurent’s summer 2022 advertising campaign.
It featured black and white images of her in looks from the Parisian label’s latest collection.