Karl Stefanovic has lost two major income streams in days. We ask his builder if his $4.5m dream-home rebuild is still going ahead - and it's not the first financial hit he's endured

'The flip-side of that is I feel like we're dead to his family and almost anyone from our old life. There has been practically no contact. 

'I feel like we've been discarded and disposed of, replaced by a whole new line-up of starters.'

Cassandra's remarks followed reports in April 2017 that Jackson, Willow and River had not attended the wedding of Karl's brother Peter to co-host of Nine's Today Extra, Sylvia Jeffreys. At the time, a family friend told The Sydney Morning Herald the children were 'upset' to have missed their uncle's nuptials.

After Cassandra's interview appeared in the Women's Weekly, a Stefanovic family spokesperson quickly issued a statement to Nine, refuting her claims.

'We are disappointed Cass would claim such inflammatory suggestions that we have alienated Karl's children from our family,' the statement read.

'Nothing could be further from the truth. Karl regularly co-parents his children and has his loving family around them.

'We refuse to keep a running dialogue of the children... Family is often compromised when parents go through a painful divorce and we do our best to continue our love and support for the children.'

At about the same time, Karl addressed his relationship with his children in a News Corp interview, stressing that he remained actively involved in their lives.

'First and foremost, I'm a dad... and I'm not going anywhere,' he said. 'I love my kids. They know that. And that's what matters.

'I don't want my silence, or the fact that my children aren't visibly front and centre with me for everyone to see, to be misinterpreted as absence. That couldn't be further from the truth.'

The controversy and media backlash intensified when Karl .

He splashed a reported $500,000 on the lavish four-day affair in Los Cabos, Mexico. 

They exchanged vows in the chapel at the One&Only Palmilla Resort in San José del Cabo, hosting celebrations across two luxury villas - one costing $11,600 per night, the other $15,000 per night.

Soon after, the couple escaped to Aspen, Colorado, for their honeymoon - seeking reprieve from intense media scrutiny surrounding Karl's split from Cassandra, his subsequent marriage to Jasmine, the Today show's falling ratings, and another scandal that was causing endless drama: .

It was during their Aspen honeymoon that Nine decided to delivering the news while he was still overseas. He remained with the network only as host of This Time Next Year.

Upon returning to Australia with his new wife, Karl was clearly frustrated - he was filmed confronting a photographer at Gold Coast Airport on Christmas Day.

Footage surfaced of the incident, with Karl raging: 'Take your f***ing camera and get out that f***ing door, it's f***ing Christmas.

'Why are you shaking? Have you got some disease? Are you sick in the head? [Have] you got a s*** job? It's Christmas Day. Go home!'

In 2020, Today welcomed Karl back in a bid to revive flagging ratings - though rival Seven's Sunrise continued its lead.

Fast-forward to 2026 and Karl has been dumped from Nine for good, as well as from his new ARN radio show The Long Weekend, which he co-hosted with Eddie McGuire. He lasted just two episodes before ARN severed ties over the backlash from his controversial podcast interview with British far-right figure Tommy Robinson.

As Cassandra focuses on treatment for a rare breast cancer away from the spotlight, Karl has once again found himself at the centre of unwanted headlines - this time with Jasmine, who is reportedly struggling after her husband lost both high-profile jobs in just one week.

Karl broke down in tears last Wednesday while discussing Jasmine during his latest podcast episode with controversial British journalist Piers Morgan.

Sitting aboard a luxury yacht in Cannes, France, Morgan asked how Karl was coping with the fallout from his high-profile departure from Today, which came following backlash over his interview with British far-right activist Tommy Robinson.

'Just my wife...' he began, fighting back tears. 'She puts up with a lot. Her finding out this stuff and having to deal with me, because I'm a lot, and I'm in the public a lot.

'I really do work hard and I'm away a bit, and she knows what I'm trying to do with this podcast. So I'm doing this, and some radio, and I'm doing it for the family, but she's on her own a lot. And for me to hear her upset, it was the hardest thing.

'Jasmine was really upset at first and she was like, 'I don't understand how you can do an interview and get sacked as a result of it.''

To make matters worse, Karl's loss of income comes in the middle of a multimillion-dollar rebuild of his Castlecrag home. 

Karl and Jasmine are overseeing a major redevelopment on Sydney's north shore, having bought their Castlecrag property for $3.2million in 2021 and securing approval for a $4.5million rebuild this year.

The couple demolished the original 1960s brick house to make way for a striking, contemporary home they plan to share with their six-year-old daughter, Harper.

The new residence sits much further back on the block - where a spa and gazebo once stood - maximising the home's footprint at the expense of backyard space.

Fresh photos taken earlier this month reveal bold modern features: an expansive upper-level entertaining terrace, slanted architectural windows, crisp geometric concrete lines, and a distinctive circular roof detail.

While many may wonder if Karl will put a halt to the development now that he's lost his job, his builder, Peter Oreb of Enter Building Group, insists it's business as usual. 

When the Daily Mail asked if construction was still going ahead on the property in the wake of Karl's sacking, Oreb simply asked: 'Why wouldn't it be?'

Karl also has a holiday home at Sunshine Beach near Noosa that he has failed to offload in recent years. 

Villa Isabelle, which Karl and Jasmine purchased for $3.6 million in January 2020, underwent an estimated $1million renovation and was designed by Jasmine's sister Jade Yarbrough. 

However, despite splashing so much cash to spruce the place up, the couple struggled to find a buyer for the property when they put it to auction in March 2022.

They later listed the home for a private treaty sale for which they asked for $7.5million before they had to pull it from the market yet again.

Now, the lavish house sits as a holiday rental, with Karl leasing it out for $2,000 to $3,700 per night when he and Jasmine aren't staying there. 

Real estate isn't the only demand on Karl's finances.

His daughter Willow, 21, has been enjoying a lavish lifestyle while studying at the London College of Fashion - at a cost of around $60,000 a year in international student fees, all funded by her father.

Willow has embraced her jet-set existence, sharing photos from luxury hotels, designer stores, and glamorous nights out with her wealthy friends. Her social media offers followers a window into her privileged world, with posts from shopping sprees, fine dining, university life, and trips to destinations like Cannes, Monaco, Dubai, Uruguay, and Argentina.

Karl recently joked on his Gold FM show, The Long Weekend, that Willow's university was 'the really expensive one that Dad has to pay for'. He added that he would soon be reuniting with her on a work trip to London.

It was during that London trip that Karl conducted the interview with Robinson - a decision that ultimately ended his mainstream television career.