Rupert Murdoch Net Worth
Rupert Murdoch net worth: Rupert Murdoch is an Australian media mogul who earned his fortune as the founder of News Corp. Rupert Murdoch has a net worth of $18 billion.
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.
Net Worth Details: Rupert Murdoch made most of his money through his 39 percent share of Twenty-First Century Fox's voting stock. Murdoch controled over 300 million shares as well as nearly 40 percent of News Corp.'s voting stock. He purchased a New York apartment for $57 million and owns real estate around the world. He earned billions in dividends from News Corp for over three decades.
Disney Acquisition: In March 2019, Disney acquired 21st Century Fox for $71 billion. At the time of the deal, Rupert owned 17% of Fox. The deal left Rupert owning around $12 billion in Disney stock. An additional $10 billion from the sale was distributed to Rupert's six children.
After the deal Rupert was left as 39% owner in the newly-formed Fox Corporation which owns the Wall Street Journal, New York Post, Fox News, Fox Broadcast Network and the Times of London. This 39% stake is worth around $4 billion.
|Net Worth:||$18 Billion|
|Date of Birth:||Mar 11, 1931 (89 years old)|