“But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies. American actor, producer, and stand-up comedian Kevin Hart has a total net worth of $450 million…. Murdoch owns news media like Fox News, Fox Sports, the Fox Network, The Wall Street Journal, and HarperCollins.
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- One of the units is a triplex that stretches from the 58th to the 60th floors, offering 7,000 square feet of living space, while the other unit is listed separately for $16 million.
- Murdoch then went on an acquisition spree in the 80s, starting with Marc Rich’s interest in 20th Century Fox from Marvin Davis for $250 million.
- Most recently in 2021, Murdoch and his now ex-wife Jerry Hall bought a massive $200 million Montana cattle ranch from the billionaire Koch family, as per The Wall Street Journal.
- He went on to build a massive media empire and become one of the most influential men in media in the world.
- These outlets include Fox News, The Wall Street Journal, The Daily Telegraph, The Times, Sky News Australia, HarperCollins, and countless others.
Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp, the companies said in a statement Thursday. The top 100 U.S. billionaires on Forbes’ list, which was compiled using stock prices and exchange rates from March 7, 2025, have a combined net worth of over $3 trillion.
Rupert Murdoch is an Australian-born media mogul who has a net worth of $19 billion. Although he was born in Australia, Murdoch became a U.S. citizen in 1985 and soon thereafter renounced his Australian citizenship. Today, Rupert is an extremely influential figure in the United States and around the world, as he owns some of the most notable publishing outlets around the globe. These outlets include Fox News, The Wall Street Journal, The Daily Telegraph, The Times, Sky News Australia, HarperCollins, and countless others. A native of Australia, Murdoch inherited a newspaper at age 22 after his father, a former war correspondent, passed away.
- Murdoch’s persistent expansion plan and well-timed media purchases are key components of his rise to billionaire status.
- He was born in Melbourne, Australia, on 11 March 1931 and held dual citizenship in Australia and the United States.
- Murdoch was named an honoree of the Television Hall of Fame in 2014 and received a lifetime achievement award in 2021 from the Australia Day Foundation for his contribution to the media industry.
Express. Home of the Daily and Sunday Express.
He began by managing “The News,” a newspaper in Adelaide that his dad had founded. Rupert did a great job transforming it into a thriving publication in Australia and then went on to buy up more newspapers throughout the country. Len Blavatnik is the owner of investment firm Access Industries, which is the majority shareholder in Warner Music Group. According to Forbes, Blavatnik has a real time net worth of $25.9 billion as of April 10. Stephen Schwarzman is the chairman and CEO of private equity firm Blackstone.
He also faced serious charges related to corruption and bribery, which ultimately pushed him to resign from his position as director of News International. Rupert is also a father of four, and several of his kids have carved out successful paths in his various business ventures. In 1985, News Corp purchased Twentieth Century Fox Film Corporation, and the studio subsequently produced two of the top-grossing films of all time, Titanic and Avatar. The company created the Fox Television Stations group, the foundation for the launch of FOX Broadcasting Company and FOX Sports.
Much as he had done in Australia, Murdoch transformed these papers into successful businesses. In 1973, he acquired the “San Antonio Express-News,” his first purchase of a US-based paper. A number of acquisitions followed, and he acquired the “New York Post” in 1976. Billionaire Rupert Murdoch announced Thursday he will step down as chairman of Fox Corp. and News Corp., ending his reign as one of the wealthiest media moguls of all time. With his vast empire still in operation and his family deeply embedded in its leadership, Rupert Murdoch’s legacy is set to endure for decades. rupert murdoch net worth Whether viewed as a visionary media mogul or a controversial power player, his impact on the industry and politics remains unparalleled.
Sale of Television Channels and Newspapers
They’re not combined, but there’s a chance to merge them with the building’s approval. One of the units is a triplex that stretches from the 58th to the 60th floors, offering 7,000 square feet of living space, while the other unit is listed separately for $16 million. Rupert Murdoch is a media giant originally from Australia, boasting a net worth of $19 billion. Although he started out in Australia, he became a U.S. citizen in 1985 and later gave up his Australian citizenship.
In 1985, he became a U.S. citizen to grow his business in American TV. He built Fox Corporation and News Corp, which run top newspapers and TV channels. Including some of the UK’s biggest radio stations, such as talkSPORT and Virgin Radio which fall under Wireless Group. He also owns a number of newspapers and magazines under News UK, including The Sun, The Times and The Sunday Times. He owns hundreds of media outlets across the globe, including the likes of The Sun and The Times through his media company News Corp.
How much did Murdoch pay for the Times?
These aspects not only capture public interest but also provide a window into his complex personal life. Not only does Rupert Murdoch’s $23.1 billion fortune demonstrate his financial success, but it also demonstrates his unparalleled ability to adapt to the changing media world. His reputation as one of the most influential media tycoons in history has been solidified by his commercial savvy, calculated risk-taking, and persistent desire. The future of Murdoch’s fortune continues to be a hot topic as the media landscape changes quickly. In 2013, he splurged $28.8 million on a 16-acre vineyard estate in Bel-Air, Los Angeles.
Multi-Billionaire Media Baron Rupert Murdoch Is Retiring; What is His Net Worth?
Through this acquisition, Murdoch increased the reach and influence of News Corp. while also gaining access to valuable profits from pay-tv subscriptions. With the merger of News Corp. and Dow Jones in 2007, which included The Wall Street Journal, Murdoch’s media empire was significantly strengthened. This merger allowed Murdoch to increase his influence in American media circles and guarantee long-term profits for News Corp. Murdoch’s relentless acquisition expanded News Corp into the world’s largest media company. He received his education at Worcester College, Oxford, where he obtained a Bachelor of Arts degree. Murdoch’s career in the media industry began in 1952, and since then, he has become one of the world’s most successful businessmen and investors.
Schwarzman got his start on Wall Street at Lehman Brothers and currently resides in New York City. According to Forbes, Schwarzman has a real time net worth of $40.3 billion as of April 10. Following his father’s death in 1952, Rupert Murdoch acquired a network of Australian newspapers at 22.
Most recently in 2021, Murdoch and his now ex-wife Jerry Hall bought a massive $200 million Montana cattle ranch from the billionaire Koch family, as per The Wall Street Journal. The Ranch spreads across 340,000 acres with a working cattle farm located in southwest Montana near Yellowstone National Park. “Jerry, sadly I’ve decided to call an end to our marriage,” the email said, according to Vanity Fair, which cited a screenshot of the exchange. “We have certainly had some good times, but I have much to do…My New York lawyer will be contacting yours immediately.”
One of the biggest shifts in Murdoch’s career came in 2019 when he sold 21st Century Fox to Disney for $71 billion. As part of the deal, Murdoch retained a 17% stake in Fox, translating to approximately $12 billion in Disney stock. Back in 2013, he dropped a whopping $28.8 million on a sprawling 16-acre vineyard estate in Bel-Air, Los Angeles. This place boasts a 7,500-square-foot main house with three bedrooms and four and a half baths. Plus, there’s a two-bedroom guesthouse and a spacious 4,400-square-foot office.
