The 20+ What is James Murdoch Net Worth 2023: Full Information

James Murdoch, the son of media mogul Rupert Murdoch, has an estimated net worth of $10 billion. He is the chairman and chief executive of 21st Century Fox, one of the world’s largest media companies. James has also served as the chairman and CEO of News Corporation, another large media company owned by his father.

So, what is James Murdoch net worth right now? Following our blog to learn more information about him, his life, and his career.

Overview About James Murdoch

James Murdoch is a $2 billion-dollar-worth English businessman. Rupert Murdoch’s fourth kid, James Murdoch, is the fourth of six children. He has held various high-level jobs, including CEO of 21st Century Fox, CEO and Chairman of BSkyB, and several roles within his father’s News Corporation. Murdoch was accused of gathering information on celebrities in the News International phone hacking incident in 2011.

Walt Disney purchased the bulk of the Murdoch family’s holdings in 2018 for $71.3 billion. Each Murdoch kid became a multibillionaire as a result of the agreement. Following the transaction, Rupert appointed James’ brother Lachlan as CEO of the surviving Fox Corporation. James was not given a position but founded his own investing business, Lupa Systems.

James has long been considered the lone non-conservative in a family of staunch conservatives. He has openly criticized President Donald Trump and certain Fox News programming. In the 2020 presidential election run-up, James gave $1 million to a Joe Biden fundraising group.

James resigned from News Corp’s Board of Directors on July 31, 2020. According to his resignation letter:

“I am resigning due to disputes over some editorial material published by the Company’s news channels and various other strategic choices.”

He resigned from the Fox Corporation, which manages the family’s television station holdings.

Personal Life

Murdoch married Kathryn Hufschmid in 2000. They have three children together, Anneka, Walter, and Emerson. Hufschmid works with Bill Clinton’s philanthropic organization, the Clinton Climate Initiative, and she and Murdoch co-founded the Quadrivium Foundation.

Murdoch is a physically fit person. He enjoyed cycling and was instrumental in forming the British professional cycling squad Team Sky, currently known as the Ineos Grenadiers. Team Sky’s Bradley Wiggins became the first British cyclist to win the Tour de France in 2012; more victories for Britain occurred in 2013, 2015, 2016, and 2017, all by Sky’s Chris Froome. Murdoch has a black belt in karate, among other things.

BSkyB

Murdoch was appointed CEO of the British TV and telecoms business BSkyB in 2003. Because Murdoch’s father’s News Corporation largely owns the corporation, many people accused him of nepotism. Murdoch stepped down as CEO and became non-executive chairman of BSkyB in late 2007.

News International Phone Hacking Scandal

Murdoch was accused in the News International phone hacking controversy in 2011. The scandal engulfed many of Rupert Murdoch’s British newspapers, most notably the News of the World, whose staff were revealed to have participated in widespread phone hacking, police extortion, and unethical influence while chasing articles.

Murdoch shut down News of the World in reaction to the publication of this material and the accompanying public outrage. Later, he stepped down as chairman of News Group Newspapers, the parent company of numerous major British newspapers. Murdoch stepped aside as executive chairman of News Corporation’s British newspaper business in early 2012.

The controversy continued to impact as Murdoch stood down as chairman of BSkyB; nonetheless, he remained a board member. He was then chastised by the UK Parliament and the British Office of Communications for his misbehavior.

Career Beginnings

Murdoch made his first significant business investment in 1995 when he contributed funds to Rawkus Records, a hip-hop record company founded by his high school classmates Jarret Myer and Brian Bater. Murdoch bought a controlling stake in the label in 1996. That same year, he became chairman of Festival Records, an Australian music and publishing firm, and joined his father’s media company, News Corporation.

Murdoch was appointed to oversee the latter’s Internet activities. Meanwhile, he built a new management team at Festival Records and ultimately acquired a majority stake in Mushroom Records to form the merger of Festival Mushroom Records. However, the new label faltered and was finally shut down in 2005.

Other Positions

Murdoch has held a variety of positions at News Corporation. He took over as chairman and CEO of the company’s flailing Asian satellite service, Star Television, in 2000. He was given additional influence later in the decade when he took over the development of News Corporation’s properties in Asia, Europe, and the Middle East. The assets were News International and Sky Italia, an Italian satellite broadcaster. Murdoch was also an executive vice president of New Corporation and a member of its board of directors.

Murdoch became a non-executive director of the British pharmaceutical corporation GlaxoSmithKline in 2009, among many other noteworthy roles. He was the CEO of 21st Century Fox from 2015 until 2019. During that time, he was also appointed chairman of Sky, the UK’s subscription broadcaster.

Murdoch left 21st Century Fox when the Walt Disney Company bought it out, and he departed Sky when Comcast bought it out. He resigned from News Corporation’s board of directors in the summer of 2020 due to editorial differences.

Early Life

On December 13, 1972, in London, England, James Murdoch was born as the fourth child of billionaire media magnate Rupert Murdoch and the third child of writer and author Anna Torv. He attended Horace Mann School in New York City’s Bronx neighborhood as an adolescent. Murdoch attended Harvard University after graduating in 1991, where he studied cinema and history. He did, however, drop out in 1995.

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