Murdoch Family Stands To Make Hundreds Of Millions From The Disney-Fox Deal

By on April 25, 2018 in ArticlesBillionaire News

Rupert Murdoch and his family are about to get a whole lot richer. According to a recent SEC filing, the family of 21stCentury Fox executives will make more than $206 million once the enormous Disney-Fox deal is completed and finalized.

In December 2017, Disney announced that it was buying Fox's film studio and much of its TV assets for a staggering $52 billion. The three Murdoch family members holding executive positions at 21stCentury Fox will each get huge golden parachutes – the compensation an executive is paid if they are fired or laid off after a company is sold – once the deal is final and Disney moves in and takes over.

John Phillips/Getty Images

As CEO of Fox, James Murdoch will receive the largest payout of $70.6 million. Co-executive chairman of Fox Lachlan, and their father Rupert will each receive $66.7 million. Of that amount, $40 million will be cash. If James or Lachlan are fired before June 30, they will receive $22 million in severance six months later.

James Murdoch has a net worth of $500 million.

Rupert Murdoch has a net worth of $13 billion.

Articles Written by Amy Lamare
Amy Lamare is a Los Angeles based writer covering business, technology, entertainment, philanthropy, and pop culture. She spent 8 1/2 years covering the entertainment industry for www.hsx.com. She attended the University of Southern California where she majored in Creative Writing. An avid long distance runner, weekends she can be found running the streets of Los Angeles training for 1/2 and full marathons. Follow her on Facebook.
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