How much is Rupert Murdoch’s Net Worth?
|Net Worth in 2023||USD 22.1 Billion|
|Full Name||Keith Rupert Murdoch AC KCSG|
|Nick Name||Rupert Murdoch|
|Birth Place||Melbourne, Australia|
|Birthday||11 March 1931|
|Age||91 years old (as of 2023)|
|Education||Worcester College, Oxford (BA, MA)|
|Wife/Spouse Name||Jerry Hall (m. 2016), Wendi Murdoch (m. 1999–2013)|
|Sons||Lachlan Murdoch, James Murdoch|
|Daughters||Elisabeth Murdoch, Grace Murdoch, Chloe Murdoch, Prudence Murdoch|
Who is Rupert Murdoch? Biography
Rupert Murdoch is 91 years old Australian-American businessman, investor, and media proprietor. As of 2023, Rupert Murdoch’s net worth and career earnings are valued at $22.1 billion.
He is well known for being the chairman of News Corp. and Fox Corp., the two publicly traded New York-based companies.
Rupert started his career at the age of 21, inheriting his family business, and is now the owner of many national and international publishing companies.
He also owns the British media and telecommunication conglomerate Sky Group Limited, Fox News, and the 21st Century Fox (until 2019).
In 2011, Murdoch faced allegations of hacking the phones of celebrities, royalty, and public citizens. Following the investigation, he resigned as a director of News International in July 2012.
In March 2019, most of the assets of 21st Century Fox got sold out to Disney Company for a $71 billion deal. The family of Murdoch received $12 billion from the deal, which got distributed among his six children.
But how does all this fame and popularity convert into cold hard cash?
What sort of worth does this popular Businessman make?
So, let’s dive deep to find out Rupert Murdoch‘s net worth and how much this celebrity made his fortune.
Do you know how old and tall is he?
If you don’t know then you can go through this article about Rupert Murdoch’s height, net worth 2023, age, sibling, income, family, and many more.
Rupert Murdoch’s Age & Birthday
Rupert Murdoch was born on 11th March 1931 in Melbourne, Australia, named Keith Rupert Murdoch.
He was born in the family of Dame Elisabeth Murdoch and Sir Keith Murdoch.
As of Jan 2023, Rupert Murdoch is 91 years old.
He grew up with his three sisters: Janet Calvert-Jones, Anne Kantor, and Helen Handbury, in Melbourne city.
Rupert’s father was a war correspondent who later owned two newspapers in Adelaide, South Australia, and a radio station in a mining town.
His father was also the chairman of the publishing company named Herald and Weekly Times.
Keith Murdoch groomed Rupert from a young age to take over the family business.
Rupert Murdoch attended Geelong Grammar School, where he got appointed as the editor of the school journal If Revived.
He also served as the co-editor for the school’s official journal, The Corian.
Rupert later joined Worcester College, Oxford, to study philosophy, politics, and economics.
During his time in college, he stood for the secretary of the Oxford University Labour Party.
He also managed the weekly student newspaper Cherwell wholly published by the students of Oxford University.
He completed his MA in 1953 and started working for Lord Beaverbrook’s London Daily Express as a sub-editor.
How did Rupert Murdoch become a billionaire with having $22.1 Billion net worth?
Rupert Murdoch’s net worth is $22.1 billion as of 2023. He got ranked #71 on the Forbes Billionaires 2023 list and is #39 among the World’s Most Powerful People of 2018.
Rupert has accumulated all his wealth from the businesses of newspapers and TV networks.
He has acquired the media empire of The Times of London, The Wall Street Journal, and the cable channel Fox News.
In March 2019, Murdoch sold out its stake in Fox’s movie studio, FX, National Geographic Networks, and Star India to Disney for $71.3 billion.
The early career of Rupert Murdoch
In 1952, Rupert’s father died of cancer. He returned to Australia in 1954 and inherited the family newspaper business, The Sunday Mail and The News in Adelaide, at the age of 21.
He quickly changed the pattern of newspapers, focusing on the news coverage of sex and scandals with bold headlines.
Rupert then acquired several newspapers in Sydney, Perth, Melbourne, and Brisbane in the 1950s and 1960s.
Rupert Murdoch’s acquisitions
In 1969, Rupert acquired his first British newspaper, the News of the World of London, followed by “The Sun ” next year.
Rupert boosted newspaper circulation by creating content based on human-interest stories, sex, scandals, crime, and sports reporting with eye-catching and bold headlines.
He made a move to the US market in 1973 by purchasing the San Antonio Express-News.
He also founded a national weekly sensationalist tabloid, the Star, in 1974, followed by the purchase of the New York Post in 1976.
In 1982, Rupert purchased the Boston Herald American and renamed it Boston Herald, which got sold out in 1994.
To fulfill the norms of being in the American media market, he became a naturalized United States citizen in 1985.
Rupert Murdoch and other communication ventures
In the 1980s and 1990s, Rupert invested in various communication ventures from radio to book publishing.
He acquired the 20th Century-Fox Film Corporation in 1985 with other American television stations and formed a new company, Fox, Inc.
Meanwhile, Rupert also made investments in the Australian newsgroup by purchasing the Herald and Weekly Times Ltd. in 1987.
He also purchased many book-publishing companies like
- William Collins PLC (1989),
- Scott Foresman & Company (1989),
- Zondervan (1988)
- Harper & Row Publishers (1987) (got merged in 1990 as HarperCollins Publishers)
In 1989, he launched Sky Television, a four-channel satellite service. The Sky was later merged with British Satellite Broadcasting to form British Sky Broadcasting in 1990. Rupert became the 60th richest person in the world with a net worth of $1.1 billion.
To build a global television network, Rupert purchased STAR TV based in Hong Kong in 1993.
In 1995, News Corp partnered with MCI Communications Corporation to launch Fox News in the United States. The news channel became highly influential in later days.
With over 800 companies in 50 countries, he received a net worth of over $5 billion in 2000. He became the 54th richest person with a net worth of $5.4 billion in 2003.
Murdoch increased his company’s internet holdings by purchasing Intermix Media in 2005. He next acquired the Dow Jones & Company for $5 billion in 2007.
In 2011, Rupert sold out Myspace for $35 million, incurring a loss.
Rupert Murdoch in controversies
In July 2011, Murdoch faced allegations of hacking the phones of celebrities, royalty, and public citizens. He got investigated and resigned from the position of director of News International.
In 2015, his son James became the CEO of 21st Century Fox.
After two years, most of the holdings of 21st Century Fox got sold out to Disney Company for about $71 billion. The deal got finalized in March 2019.
After the deal, Rupert became the 39% owner of Fox Corporation that is worth $4 billion as of 2020.
Rupert Murdoch’s Investment in Real Estate
Murdoch sold out his Beverly Hills house to his son James Murdoch for $30 million in 2015. The property is 8,651 square feet with 11 bedrooms.
He also acquired the three units in the Porter House building of New York City’s meatpacking district. The units got listed for a $22 million sale.
Rupert also had a 12,000 square feet property on the Upper East Side of New York, which he purchased for $23 million in 2011.
In 2013, he spent around $28.8 million to purchase a 16-acre vineyard and estate in Bel-Air.
Murdoch paid $57.25 million for a 6,850-square-foot penthouse in the One Madison Building.
Books by Rupert Murdoch
List of most popular books by author Rupert Murdoch
- The Sun King: Rupert Murdoch in His Own Words
- Boyer Lectures 2008 Rupert Murdoch
- The Century of Networking Rupert Murdoch (1994)
- A Golden Age of Freedom: Boyer Lectures 2007 Rupert Murdoch (2008)
Is Rupert Murdoch married or dating?
Rupert Murdoch got married four times.
Patricia Booker (m. 1956- div. 1967)
His first marriage was with Patricia Booker in 1956. She was a flight attendant from Melbourne and a former shop assistant.
The couple divorced in 1967 and had a daughter named Prudence.
Anna Mann (m. 1967- div. 1999)
Rupert’s second marriage was with Anna Mann in 1967.
She was a cadet journalist in The Daily Telegraph, a Sydney newspaper. The two divorced in 1999 with a settlement of US$1.2 billion in assets as alimony.
He became the father of three children: Elisabeth Murdoch, Lachlan Murdoch, and James Murdoch from his second marriage.
Wendi Deng (m. 1999 – div. 2013)
His third marriage was with Wendi Deng in 1999. Wendi was 30 years old at the time of her marriage with 68 years old Rupert.
She graduated from Yale School of Management and was serving as the vice president of STAR-TV.
Both are parents of two daughters: Grace and Chloe.
In 2013, Murdoch filed for divorce from Wendi.
Jerry Hall (m. 2016 – Present)
Rupert’s fourth marriage happened in London at Spencer House on 4th March 2016 with Jerry Hall.
Jerry is a former model. The two are happily married.
Rupert Murdoch‘s Children
Rupert Murdoch has six children. They have inherited his business work of newspapers and Television networks.
His eldest child, Prudence, is a board member of Times Newspaper Ltd.
His eldest son, Lachlan, is the Deputy COO at the News Corp and is a publisher at the New York Post.
James Murdoch is the chief executive of British Sky Broadcasting since 2003.
Rupert’s daughter Elisabeth worked with NBC affiliate Television stations KSBW and KSBY in California.
Rupert Murdoch is a Melbourne-born media tycoon. He is well known for being the chairman of News Corp. and Fox Corp.
As of this writing, Rupert Murdoch‘s net worth is calculated at $22.1 billion, according to Forbes Billionaires’ net worth list 2023 estimates.
Rupert took over his family business at the age of 21 in Australia.
He established the newspaper very well in his native country, followed by his various foreign investments in the United Kingdom and the United States.
He owned the whole media empire of Television and print including, The Wall Street Journal, Fox News, and the 21st Century Fox.
In 2019, he sold out the Fox movie studio and the National Geographic Networks to Disney for $71 billion.
Source of Information