Rupert Murdoch net worth: Rupert Murdoch is a media mogul from Australia, most widely known as the head of the Fox Broadcasting Company who has a net worth of $12.5 billion dollars. Rupert Murdoch began his career with one newspaper in Adelaide and expanded into other forms of media, in other countries, in the late 1980′s. Born in Melbourne, Victoria, Australia, Rupert Murdoch began working for his school newspaper while he was a teenager, and also worked part-time for the Melbourne Herald. His father was a career newspaperman, and began grooming him for the same work while he was still in school. After graduating from the University of Oxford, he returned to Australia to take over the family business, News Limited, as his father had passed away. He expanded the company rapidly, increasing the popularity of its primary newspaper, Adelaide Press, and buying up smaller newspapers all over the region. He established the style of the modern-day tabloid paper. By the late 60s, he had begun to buy up newspaper companies in the UK, and had expanded into music acquisition and publishing as well. In the late 80s, he expanded into cable television, launching Britain's most popular pay-tv provider. He has been incredibly influential in the political sphere due to his money and broadcasting power. Most recently, he stepped down as director of News International, after it was revealed that the company had been illegally wiretapping the phones of celebrities and politicians.