Rupert Murdoch is a renowned media executive who served as the co-chairman of Fox Corporation, and the executive chairman of News Corp, the parent company of The Wall Street Journal, HarperCollins, and the New York Post.

On September 21, 2023, Murdoch announced his plans to "transition" from his current positions at Fox and News Corp and take on the role of chairman emeritus, effective in November 2023. He also announced that his son Lachlan, whom he called a "passionate, principled leader," would become the sole chairman of both companies.

As of September 2024, Rupert Murdoch has an estimated personal net worth of $10.4 billion, according to Bloomberg. Forbes puts his family's total net worth at $20.1 billion.

Early Life and Education

Rupert Murꦗdoch was born on March 11, 1931, near Melbour⛦ne, Australia. He graduated from Worcester College, Oxford in England.

While in college, Rupert joined the Daily Express in London as an editor, a role which would prepare him for his role as managing director of News Corp Australia at the age of 22. He once noted "I was brought up in a publishing home, a newspaper man's home, and was excited by that, I suppose. I saw that life at close range and, after the age of ten or twelve never really considered any other."

News Corp

After his father's death, Sir Keith Murdoch, in 1952, Rupert Murdoch inherited News Corp Australia, a publisher of several popular newspapers in that country founded in 1923 by James Edward Davidson.

In 1954, Murdoch acquired News Limited, an Australian pu𒊎blic corporation and owner of the daily newspaper in A꧙delaide, South Australia.

By 1969, News Corp had bought the Daily Mirror in Sydney, launched a national newspaper, The Australian, and purchased newspapers The Sun and News of the World in the United Kingdom. Once referred to as the inventor of the ''modern tabloid,'' Murdoch's newspapers focused on eye-catching headlines that principally centered around stories of scandal and controversy, resulting in a spike in circulation.

By 1973, Rupert Murdoch began a series of acquisitions in the United States including the San Antonio News, the Star in 1974, New York magazine, and the Chicago Sun-Times. He expanded to book publishing, acquiring Harper & Row in 1987, and later Collins, both subsequently merged to form HarperCollins.

In 2007, Murdoch bought The Wall Street Journal parent company, 澳洲幸运5官方开奖结果体彩网:Dow Jones for nearly $6 billion, ending a century of ownership by the wealthy Bancroft family.

FOX

In 1985, News Corp purchased Twentieth Century Fox Film Corporation, and the studio subsequently produced two of the top-grossing films of all time, Titanic and Avatar. The company created the Fox Television Stations grou𒅌p, the foundation for the launch of FOX Broadcasting Company and FOX Sports.

FOX led the television industry for eight years. In October 1996, News Corporation launched the FOX News Channel and established popular cable networks, such as FX and the National Geographic Channel.

In 2012, News Corp acquired Consolidated Media Holdings in Australia, and News Corp Austr💮alia is now a maj💯ority shareholder of Foxtel/FOX SPORTS Australia, which owns and operates Sky News Australia.

Murdoch has been the executive chairman of News Corp since 2013 when News Corporation separated into two distinct, 澳洲幸运5官方开奖结果体彩网:publicly traded companies, News Corp and 21st Century Fox. In March 2019, Rupert Murdoch sold his share of 21st Century Fox along with other media assets to the Walt Disney Company for $71.3 billion.

The Bottom Line

Rupert Murdoch is regarded as a 澳洲幸运5官方开奖结果体彩网:successful media investor who built News Corp through a series of strategic global acquisitions and innovations. As the former co-chairman of the Fox Corporation and the executive chairman of News Corp, Murdoch has controlled a journalism empire that includes cable channel Fox News, Sky News Australia, and The Wall Street Journal.