Married for 23 years, they have no children together. Wallace said that Leonard was "the single most important person in my life." Wallace first developed a relationship with his father in his teens, after his older brother Peter died in 1962 climbing a mountain in Greece. He is completely dedicated to her and there is no rumor of his extra affair or divorce. Later they were separated. Lorraine Martin Smothers found love again in Chris Wallace and the two became husband and wife in 1997. His first wife was Elizabeth Farrell, whom he married in 1973 and later divorced. Meet Their Children. Lorraine Martin Smothers is the wife of Fox News journalist Chris Wallace. After his divorce with his first wife, Chris went on to have a dating affair with girlfriend Lorraine Martin Smothers and after having a romantic love affair for several months on 4th of October 1997, Wallace got married to her.Lorraine Martin Smothers is the ex-wife of Dick Smothers. Who is Lorraine Martin Smothers? Then, he married the second time to Lorraine Smothers in 1977. He first married Elizabeth Farrell in 1973. Wallace has said that despite his blood relationship with his father, Mike, his stepfather, Bill Leonard, had far more of an impact on his life. Chris Wallace’s Married life and divorce from ex-wife Elizabeth Farell. LORRAINE Martin Smothers, the wife of broadcast journalist Chris Wallace, is a chef and author. Chris Wallace, the moderator of the third and final presidential debate, has been married two times. His first wife’s name is Elizabeth Jane Farrell. At the time she was 27-years-old. After the divorce, he married Lorraine in 1997 and became the stepfather to her daughters, Sarah and Remick. Born Lorraine Marcelle Martin in 1959, she was described as a Washington socialite when she married first husband **** Smothers in 1986. She is the daughter of John E. Farrell of Rumford and Narragansett. Boston Redevelopment Authority Chris Wallace’s first wife, Elizabeth Farrell, earned more money than he did in Boston. Miss Farell was the director of Federal financing for the Boston Redevelopment Authority. Chris Wallace married twice. The pair have been married for 23 years after Smothers ended her … Chris was originally married to Elizabeth Farrell, with whom he had four children. Wallace has been with the network since 2005 and will be moderating the first presidential debate on September 29. The couple is blessed with four children named Peter, Andrew, Megan, and Catherine.