Rupert Murdoch is an Australian media tycoon who made a lot of money by starting News Corp. Rupert Murdoch is worth $20 billion in total. Even though Murdoch is from Australia, he is a very powerful person in the US and around the world. He owns some of the most well-known publishing outlets in the world. These include Fox News, The Wall Street Journal, The Daily Telegraph, The Times, Sky News Australia, HarperCollins, and many more.
Murdoch started his career by owning a small newspaper in Adelaide. Later, he branched out and put a lot of his attention on international markets, especially in the United States. By 1985, for business reasons, he had given up his Australian citizenship and become a naturalized US citizen.
Rupert Murdoch: Net Worth
Rupert Murdoch, who is 91 years old, was born in Melbourne, Australia, in 1931. In 1985, he became a US citizen. When he was 22, his father died, and he took over the business that his father had started. He was first put in charge of The News, a small newspaper in Adelaide. He bought a few newspapers in Australia and New Zealand after that. Murdoch’s portfolio grew over the next 15 years and was worth more than $50 million.
Forbes says that he is the 31st richest person in the United States and the 71st richest person in the world with a massive fortune of US$21.7 billion.
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Source of Income
Rupert Murdoch, who runs a media company, is now one of the richest people in the world.
News Company:
In 1952, he got the Australian company News Limited from his father.
The Adelaide News was owned by News Limited at the time. Which sold more than 90,000 copies. There is also the Sunday Mail, which sells more than 150,000 copies.
From there, more newspapers and magazines were bought and sold all over Australia. Melbourne and Perth came first. Then, in 1960, they moved to Sydney, where one of their papers, the Daily Mirror, became the most popular in New South Wales. Murdoch also got into the market in New Zealand.
The American:
In 1964, he started The Australian, which was the first national newspaper in Australia. In the decades that followed, Murdoch bought a number of newspapers in Australia, New Zealand, and the UK.
In December 1968, the group moved into the UK market. When the News of the World, The Sun, The Times, and The Sunday Times were bought. All of this is done by NI Group Limited, which is the holding company. Or what most people call News International.
From 1973 on, the company grew into the US market and other places. And then, when newspapers were added to other types of media.
The News Corp:
In Australia in 1979, The News Corporation Limited was formed. As the company that is in charge of all of these global investments.
In the US, News Corporation changed its name to “News Corp.” in 2004. The NASDAQ, where it is now listed. And listed on the Australian Securities Exchange as well. And a regular listing on the London Stock Exchange.
Murdoch bought Twenty-First Century Fox, HarperCollins, and The Wall Street Journal in the United States. He is also the owner of the New York Post and a number of TV stations.
The 21st Century Fox:
In 2013, News Corporation was split into two companies that were both on the stock market. 21st Century Fox is the new name for what used to be News Corp. The media are important to the company. A new News Corp was made, which focuses on publishing.
James Murdoch, his son, is the CEO of 21st Century Fox. James lives in New York with his wife Kathryn. It is thought that James Murdoch has a net worth of $2 billion.
Murdoch Sailing Yachts:
The media mogul had two luxury yachts: the Perini Navi sailing yacht class=”C-16″>Rosehearty. Which got its name from Murdoch’s home on Long Island, New York. Philippe Briand also made the sailboat Vertigo.
Joey Kaempfer, an American real estate developer, bought Rosehearty from Murdoch in 2014.
Real Estate
In 2015, it was said that Rupert Murdoch had given his son, James Murdoch, a $30 million home in Beverly Hills. Before selling the property to his son for $5 million less, he had put it on the open market for $35 million.
Many people think that Rupert bought three units in the Porter House building in New York City’s meatpacking district. Rupert seemed to work under the “cover” of several mysterious corporations. These three units were bought for $12.85 million between 2012 and 2014. At one point, all of these units were put up for sale at a price of $22 million.
In 2014, Murdoch spent $58 million to buy two condos in the One Madison building in New York City. He put these units on the market for $78 million in March 2022. In 2013, he bought a 16-acre vineyard estate in Bel-Air, Los Angeles, for $28.8 million. After a year, he purchased a quadruplex penthouse in the One Madison Building with 6,850 square feet to add to his New York property. This building is right next to Madison Square Park, and Rupert bought it for $57.25 million.
Rupert paid $200 million in December 2021 for a 340,000-acre ranch in Montana that had been in the Koch family for many years. At the time of the purchase, it was the most expensive and largest ranch sale in Montana’s history. The Beaverhead Ranch property stretches more than 50 miles north to south and through two counties.
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Personal Life
Murdoch has had four marriages. He was married to Patricia Booker from 1956 to 1967. He was married to Anna Murdoch Mann from 1967 to 1999. He was married to Wendi Deng from 1999 to 2013. In 2016, he married Jerry Hall, who used to be married to Mick Jagger. 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 careers in one of Murdoch’s businesses.
Anna Murdoch Divorce Settlement
When Rupert and Anna broke up in 2013 after being married for 30 years, he gave her a $1.7 billion settlement. 17 days after the divorce was final, Rupert married Wendi Deng.
Conclusion
Rupert Murdoch is a very wealthy person who has made a lot of money by owning many different media companies. He is ranked as the 31st richest person in the United States and 71st in the world by Forbes, with a fortune of over 21 billion dollars.
Rupert Murdoch is a highly successful and influential media tycoon whose wealth has played a significant role in his success. He has managed to establish himself as a prominent figure in the media industry and has used his wealth and influence to shape public opinion and influence the world of politics. Despite his controversies, there is no denying the impact he has had on the media industry, and his success serves as a testament to his business acumen and savvy.
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