Rupert Murdoch Net Worth

Net Worth:	$20 Billion
Date of Birth:	March 11, 1931 (93 years old)
Gender:	Male
Profession:	Businessperson, Entrepreneur

What is Rupert Murdoch’s net worth? How does Rupert Murdoch make his money? Below is the current net worth of Rupert Murdoch and how Rupert Murdoch makes his money.

What is Rupert Murdoch’s Net Worth?

Rupert Murdoch is an Australian media mogul who founded News Corp. Rupert Murdoch has a net worth of $20 billion dollars. Despite his Australian origin, Murdoch is a highly iconic personality in the United States and in the world at large, he possesses many of the world’s most prominent publishing platforms. Fox News, The Wall Street Journal, The Daily Telegraph, The Times, Sky News Australia, HarperCollins, and a plethora of others.

Murdoch commenced his career as the owner of a small newspaper in Adelaide he later switched and concentrated majorly on international markets, particularly the United States. Rupert Murdoch repudiated his Australian citizenship in 1985, and he is now a naturalized US citizen.

Rupert Murdoch has amassed wealth and affluence extremely his fortune has placed him among the richest men in the globe.

Early Life

Keith Rupert Murdoch was born on March 11, 1931, in Melbourne, Australia. Rupert lost his father at the age of 21. After his father’s demise,  Murdoch was solely entrusted with running the family’s business he became the controller of “The News,” an Adelaide newspaper founded by his father.

Career

Rupert bought a variety of hard-pressed publications in the United Kingdom after establishing a new newspaper in Australia called “The Australian.” In 1973, he bought the “San Antonio Express-News,” his first acquisition of a US-based newspaper.

Rupert’s true procurement spree occurred in the 1980s. Murdoch paid $250 million for Marc Rich’s stake in 20th Century Fox from Marvin Davis in 1984 Rich was forced to sell because of trade agreements he made with Iran, which were embargoed by the US at the time.

Disney purchase

Disney paid the sum of $71 billion to purchase 21st Century Fox in 2019. Rupert had 17% shares in Fox, he later had about $12 billion in Disney stock. His children also profited handsomely from the transaction. A further $10 billion from the sale was allotted to Rupert’s six children.

Rupert became a 39% shareholder of the newly formed Fox Corporation as a result of the agreement. This media conglomerate possesses several well-known subsidiaries, including the Wall Street Journal, New York Post, Fox News, Fox Broadcast Network, and The Times of London. His 39% stake was estimated to be worth $4 billion by 2020.

Personal Life

Murdoch has had four failed marriages. Rupert Murdoch has been married to Patricia Booker,  Anna Murdoch Mann, Wendi Deng, and Jerry Hall. Rupert Murdoch has six children.

Divorce Settlement for Anna Murdoch

Rupert and Anna split in 2013 after three decades of their marriage, and he paid her the sum of $1.7 billion as a divorce settlement.

Dissension

Rupert was charged in 2011 with hacking into the phones of some of the world’s most famous people, including royalty and politicians. He was later investigated by the British government as well as the FBI. He was also charged with bribery and corruption. Murdoch was compelled to resign as director of News International due to the scandal.

Murdoch was also one of the many investors who were scammed by the “Theranos” fraud case.

Real Estate

Rupert Murdoch sold a $30 million Beverly Hills home to his son, James Murdoch, in 2015. The house has 11 bedrooms and 8,651 square feet.

Rupert seemed to work under the “cover” of several shadowy organizations, it is generally speculated that Rupert Murdoch purchased three units in New York City’s meatpacking district’s Porter House building. These three units were procured for a total of $12.85 million between 2012 and 2014.

Murdoch possesses a 12,000-square-foot Georgian townhouse on New York’s Upper East Side, which he bought at the sum of $23 million in 2011.

Murdoch bought two units at the sum of $58 million in New York City’s One Madison condo tower in 2014. He put these units up for sale in March 2022 for $78 million.

Rupert Murdoch spent $28.8 million on a 16-acre vineyard estate in Bel-Air, Los Angeles, in 2013. The main building on the estate is 7,500 square feet.

A year later, he expanded his real estate holdings in New York by purchasing a 6,850-square-foot quadruplex penthouse in the One Madison Building. Rupert Murdoch paid the sum of $57.25 million to finalize the purchase of this building near Madison Square Park.

Rupert spent the sum of  $200 million in December 2021 for a 340,000-acre ranch in Montana.

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