"They remain devoted parents to their two daughters," Wang's company president, Mario Grauso, said in a statement to Women's Wear Daily.
No reason was given for the split.
People.com said Becker has his own business ventures, but is also involved in Wang's beauty empire.
A friend of the designer told Women's Wear Daily the couple "will not let this impact the running of the company. They have worked too hard to build it up."