Rupert Murdochs Wealth in 2025, A Closer Look at His Business Legacy
Rupert Murdoch is an Australian-American business magnate, investor, and media personality who currently serves as the executive co-chairman of 21st Century Fox. He was born in Melbourne, Australia, on 11 March 1931 and held dual citizenship in Australia and the United States. He owns homes in the U.S., UK, and Australia, including a large ranch in California. Murdoch is still active in his companies, staying involved in major decisions. In February 2023, Rupert bought a full-floor, 6,500-square-foot apartment on Central Park South that had been seeking $30 million.
In 2015, Rupert Murdoch sold a $30 million home in Beverly Hills to his son, James Murdoch. The place is pretty spacious, covering over 8,651 square feet and boasting 11 bedrooms. Before selling it to James for $5 million less than the $35 million asking price, Rupert had it listed on the market. Built in the 1920s, James mentioned he wanted to keep the historical charm of the house while thinking about future renovations. Venturing into the U.S., Murdoch acquired the “San Antonio Express-News,” in 1973, followed by the acquisition of New York magazine, and the Chicago Sun-Times. This followed several acquisitions including the mega purchase of the “New York Post” in 1976.
- The couple spent $15 million to buy Great Tew Manor in Oxfordshire, England.
- In terms of real estate assets, in 2003, Murdoch bought “Rosehearty”, an 11-bedroom home on a 5-acre waterfront estate in Centre Island, New York.
- By 1969, News Corp had bought the Daily Mirror in Sydney, launched a national newspaper, The Australian, and purchased newspapers The Sun and News of the World in the United Kingdom.
By 1969, News Corp had bought the Daily Mirror in Sydney, launched a national newspaper, The Australian, and purchased newspapers The Sun and News of the World in the United Kingdom. In 1954, Murdoch acquired News Limited, an Australian public corporation and owner of the daily newspaper in Adelaide, South Australia. As of September 2024, Rupert Murdoch has an estimated personal net worth of $10.4 billion, according to Bloomberg. He then went on to marry three more times, with Anna Maria Torv in 1967, Wendi Deng in 1999, and Jerry Hall in 2016. When Murdoch and Anna Maria divorced in 2013, Murdoch had to shell out a whopping $1.7 billion in divorce settlement.
With a net worth around $17 billion, he is a major name in news and entertainment. His focus on media and influence reflects his lasting impact on business and society. He bought famous newspapers, like The Sun in the UK and New York Post in the U.S.
News Corporation expanded to include newspapers, magazines, book publishers, film studios, and TV networks. Key assets in his portfolio are “The Times” and “The Sun” in the UK, “The Wall Street Journal” and “New York Post” in the U.S., along with Fox News. Murdoch’s reach goes beyond just media; his outlets are often seen as influential in shaping political opinions and election results.
Murdoch has been the executive chairman of News Corp since 2013 when News Corporation separated into two distinct, publicly traded companies, News Corp and 21st Century Fox. In March 2019, Rupert Murdoch sold his share of 21st Century Fox along with other media assets to the Walt Disney Company for $71.3 billion. In October 1996, News Corporation launched the FOX News Channel and established popular cable networks, such as FX and the National Geographic Channel. By 1973, Rupert Murdoch began a series of acquisitions in the United States including the San Antonio News, the Star in 1974, New York magazine, and the Chicago Sun-Times. He expanded to book publishing, acquiring Harper & Row in 1987, and later Collins, both subsequently merged to form HarperCollins.
How are assets split in a divorce?
Then, in May 2013, he purchased the Moraga Estate, an estate, vineyard and winery in Bel Air, Los Angeles, California. In 2019, Murdoch and his new wife Jerry Hall purchased Holmwood, an 18th-century house and estate in the English village of Binfield Heath, some 4 miles (6.4 km) north-east of Reading. Murdoch sold all of the entertainment assets within Fox Corp. in 2019, including 21st Century Fox, for $71 billion. At 88, that transaction marked Murdoch’s largest accrual of wealth in his nearly 70-year career. After his father passed away when Rupert was just 21, he took on the responsibility of running the family business.
#7: Fox Television Group
- Murdoch’s son James, once considered a potential successor, left the company due to disagreements over editorial content and strategic decisions.
- Rupert Murdoch & Family has an estimated net worth of $17.3 billion as of September 25, according to Forbes.
- Notable assets included “The Times” and “The Sun” in the UK, “The Wall Street Journal” and “New York Post” in the US, and Fox News.
- Back in 2013, he dropped a whopping $28.8 million on a sprawling 16-acre vineyard estate in Bel-Air, Los Angeles.
His family started the Murdoch Children’s Research Institute in Australia, which funds medical research for kids. According to Forbes, his fortune currently stands at a huge $19.1 billion (£15.6 billion), making him the 31st richest person in the United States and the 71st richest in the world. In conclusion, Murdoch’s impact on media, coupled with his family’s dynamics, continues to be a topic of fascination and significance. His legacy, firmly established in the media world, is one of innovation, controversy, and immense influence. Rupert has four children, many of whom have gone on to have successful careers within Murdoch’s various business enterprises. In June 2022, it was revealed that Rupert and Jerry Hall were getting a divorce.
He took over the family business at 21 when his father died, and started managing “The News,” an Adelaide newspaper. He successfully turned the publication into a prominent newspaper in Australia and went on to aquire several other newspapers across the country to expand his empire. Moving on from Adelaide, Murdoch went on the set up a new newspaper in Australia called “The Australian.” Jeff Yass is the cofounder of trading firm Susquehanna International Group. Yass was born in New York City and received a bachelor’s degree from Binghamton University. According to Forbes, Yass has a real time net worth of $59 billion as of April 10.
What Are Some of Rupert Murdoch’s Most Notable Business Moves?
It has become one of the most powerful news outlets in recent years, covering various topics from politics to entertainment. Murdoch’s Fox Television Group is a major television production house responsible for some of the most popular shows on television, like The Simpsons, Glee, and American Idol. One of the world’s largest book publishers, HarperCollins, was acquired by News Corporation in 1989. It publishes print and digital books under its imprints and other media content such as audiobooks, magazines, newspapers, and more. As a part of the News Corp, Murdoch’s 21st Century Fox is the media subsidiary that owns many popular television networks such as FOX, F.X., and National Geographic.
Murdoch bought a $200 million Montana ranch in 2021 with his then-wife, Jerry Hall, The Wall Street Journal reported.
In 1969, he expanded into the United Kingdom and took over the News of the World, closely followed by The Sun. It has networks such as Fox Sports 1 and Fox Sports 2, which broadcast live sports coverage worldwide. He has used these platforms to increase his influence politically and financially, ensuring that News Corp remains at the forefront of global media. This has allowed him to expand his power while providing a steady income stream for himself and his business. Murdoch made one of his most lucrative investments when he acquired a controlling stake in Sky Television, Europe’s largest satellite broadcaster.
Murdoch’s skill in expanding his media empire made him very rich and influential. Beginning with a single newspaper in Adelaide, Australia, inherited from his father in 1952, Murdoch aggressively expanded his holdings through acquisitions and launches across multiple continents. His News Corporation grew to encompass newspapers, magazines, book publishers, film studios, and television networks. Notable assets included “The Times” and “The Sun” in the UK, “The Wall Street Journal” and “New York Post” in the US, and Fox News. Murdoch’s influence extended beyond media into politics, with his outlets often accused of shaping public opinion and electoral outcomes. As of 2024, Rupert Murdoch, aged 92, has an estimated net worth of $19 billion.
The media mogul has long been the chair of News Corp and Fox Corporation., which are both listed in New York. The former has newspaper subsidiaries including The Wall Street Journal, the New York Post, The Times of London, and The Sun, as well as titles in Australia. Rupert Murdoch’s net worth of $22.4 billion makes him the 31st richest person in the United rupert murdoch net worth States and, therefore, the 71st richest in the world.
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. In 2007, Murdoch bought The Wall Street Journal parent company, Dow Jones for nearly $6 billion, ending a century of ownership by the wealthy Bancroft family. While in college, Rupert joined the Daily Express in London as an editor, a role which would prepare him for his role as managing director of News Corp Australia at the age of 22. Earlier in 2005, Murdoch bought a majestic 20-room top-floor apartment at 834 Fifth Avenue for a whopping $44 million making it the most expensive apartment in New York at the time. His ex-wife Wendi Deng reportedly spent $6.4 million refurbishing the residence which covers 4,000 square feet of space over three floors. 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.
A newspaper dominated by dramatic headlines, vivid photographs, and sensational stories focused largely on scandal and controversy. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning. Murdoch has formerly controlled the cable channel Fox News, Sky News Australia, and The Wall Street Journal. Further in 2017, Murdoch deliberately downplayed the allegations of sexual misconduct by Fox News’ several top employees.
By the time Murdoch acquired 20th Century Fox in 1985, he was worth roughly $300 million, making him one of the richest men in the U.S., according to Forbes. Murdoch has six children, many of whom have held significant roles within his business empire. In 1973, he made his first move into the US market by buying the “San Antonio Express-News.” This was just the beginning, as he went on to acquire the “New York Post” in 1976.