Rupert Murdoch, the founder and executive chairman of the Fox Corporation, has been an influential figure in the media world for decades. From his early life to his extensive real estate portfolio, Murdoch’s life and career have been full of interesting and controversial moments.
In this article, Fidlarmusic will provide an in-depth look at Rupert Murdoch net worth, his current salary, and more.
What’s Rupert Murdoch Net Worth and Salary in 2023?
In April 2023, Murdoch’s personal fortune was significantly hit when Fox News host Tucker Carlson abruptly left the company.
The stock price for Fox Corporation dipped nearly 4 percent, causing Murdoch to lose around $182 million at the stock’s lowest point.
Despite this loss, Murdoch remains incredibly wealthy, with a net worth of approximately $17.4 billion, making him the 97th richest person in the world according to Forbes.
Rupert Murdoch’s Overview
Early Years
Murdoch was born in Melbourne, Australia, on March 11, 1931. Rupert grew up in a family with deep roots in the media business.
His father, Sir Keith Murdoch, was a well-known Australian writer, and his mother, Dame Elisabeth Murdoch, was a philanthropist. He studied Philosophy, Politics, and Economics at Oxford University.
Murdoch moved back to Australia in 1952 after his father died. He took over the family business, News Limited, and grew it into the global media empire it is today.
Career
Murdoch’s career began in Australia, where he acquired various newspapers and expanded his media holdings. In the 1960s, he entered the UK market, acquiring the News of the World and later The Sun.
In the 1970s, Murdoch expanded his empire to the United States, purchasing the San Antonio Express-News and eventually establishing the Fox Network and Fox News Channel.
Throughout his career, Murdoch has been known for his aggressive business strategies, including hostile takeovers, acquisitions, and mergers.
Some of the most significant moments in his career include the acquisition of The Wall Street Journal, the creation of Sky News, and the formation of the Fox Corporation.
Disney Acquisition
In 2019, Disney acquired 21st Century Fox for a staggering $71 billion. Murdoch, who held a 17% stake in Fox, received about $12 billion in Disney stock.
His children also profited handsomely from the sale, with an additional $10 billion distributed among his six kids.
After the deal, Murdoch became a 39% owner of the newly-formed Fox Corporation. As of 2020, his 39% stake was worth around $4 billion.
Relationships
Rupert Murdoch has been married four times. His first marriage to Patricia Booker, a former flight attendant, lasted from 1956 to 1967, and they had one child together. He then married Anna Murdoch, a journalist and author, in 1967.
The couple had three children and divorced in 1999. Murdoch’s third marriage was to Wendi Deng, a businesswoman, in 1999. They had two children together before divorcing in 2013.
In 2016, Murdoch married Jerry Hall, a former model and actress. In June 2022, it came out that Rupert and Jerry Hall were splitting up.
Rupert has four children, and many of them have had successful jobs in one of Murdoch’s businesses.
Anna Murdoch Divorce Settlement & Controversy
When Rupert Murdoch and Anna Murdoch divorced in 1999, the settlement was one of the largest in history at the time.
Anna received a reported $1.7 billion in assets, including $110 million in cash. But Rupert Murdoch’s career has been filled with numerous controversies.
Some of the most notable scandals include phone hacking at the News of the World, which led to the newspaper’s closure in 2011, and accusations of political influence and media bias across his various news outlets.
Additionally, sexual harassment and misconduct allegations at Fox News have led to the departure of several high-profile employees, including Bill O’Reilly and Roger Ailes.
Real Estate
Rupert Murdoch’s vast wealth has allowed him to amass an impressive real estate portfolio spanning several countries.
In 2015, Murdoch sold a $30-million Beverly Hills home to his son, James Murdoch. The property, built in the 1920s, spans over 8,651 square feet and features 11 bedrooms.
It is believed that between 2012 and 2014, Murdoch acquired three units in the Porter House building of New York City’s meatpacking district for $12.85 million. These units were later listed for a total price of $22 million.
In 2011, Murdoch purchased a 12,000-square-foot Georgian townhouse on the Upper East Side of New York for $23 million.
In 2014, he paid $58 million for two units in NYC’s One Madison condo tower, which he listed in March 2022 for $78 million.
In 2013, Murdoch bought a 16-acre vineyard estate in Bel-Air, Los Angeles, for $28.8 million.
The estate, known as Moraga Vineyards, features a 7,500-square-foot main house, a two-bedroom guesthouse, a 4,400-square-foot office space, and a wine cave.
In 2014, Murdoch added to his New York real estate holdings by purchasing a 6,850-square-foot quadruplex penthouse in the One Madison Building for $57.25 million.
In December 2021, he paid $200 million for the 340,000-acre Beaverhead Ranch in Montana, which had been owned by members of the Koch family for decades.
The ranch, spanning over 50 miles across two counties, includes two dozen homes and houses, numerous permanent ranch employees.
In February 2023, Murdoch bought a full-floor, 6,500-square-foot apartment on Central Park South for an undisclosed amount, though the property had been seeking $30 million. The seller was the estate of the late hedge fund manager Julian Robertson.
Why is Rupert Murdoch Famous?
Rupert Murdoch is well-known because he has worked in the media business for a long time and has done well.
As the founder and executive chairman of the Fox Corporation, he has had a big impact on global media over the past few decades.
Murdoch is a powerful and important figure in the media world because of how he runs his business and how often he buys other companies.
FAQs About Rupert Murdoch
How much money does Lachlan Murdoch have?
Lachlan Murdoch is one of Rupert Murdoch’s sons and is also a businessman. He will inherit some of his dad’s money someday. Right now, he is worth $2.7 billion.
Who owns Wall Street?
News Corp
What is Tucker Carlson’s net worth?
It is estimated to be $30 million.
Conclusion
Rupert Murdoch’s life and work have been marked by ambition, success, and trouble. From his early days in Australia to his current place as the 97th richest person in the world, Murdoch has built a media company that has had a lasting effect on the industry.
Even though Tucker Carlson leaving Fox News cost Murdoch $182 million, his net worth is still quite high, and his impact on the media landscape will likely last for many years.
