Rupert Murdoch is a billionaire media mogul, investor and business magnate, we look at his net worth and lifestyle.
| NET WORTH: $20.3 BILLION |
| Billionaire or Millionaire? | Billionaire |
| Gender: | Male |
| Source of Wealth: | Media & Business |
| Country of Origin: | Australia |
| Height: | 1.78 m |
| Star Sign: | Pisces |
| Spouse: | Elena Zhukova |
| Born: | 11th March 1931 |
| Last Updated: | 19/09/2024 |
RUPERT MURDOCH EARLY LIFE
Rupert Murdoch was born into a media family; his father, Sir Keith Murdoch, was a well-known war correspondent and newspaper publisher.
When Sir Keith passed away in 1952, Rupert inherited the family-owned Adelaide News, a small local newspaper in Australia.
This inheritance marked the beginning of Rupert’s foray into the world of media and journalism.
Although the paper was modest, Murdoch quickly expanded his influence, acquiring additional newspapers in Australia, including The Daily Mirror and The Sunday Times.
Murdoch showed a talent for revitalizing struggling publications, turning them into profitable ventures through bold headlines, sensationalist stories, and aggressive marketing tactics.
His approach to tabloid journalism, which focused on scandal, entertainment, and political controversy, became his signature style, a formula he would replicate globally.
RUPERT MURDOCH NET WORTH
As of 2023, Rupert Murdoch’s net worth is estimated to be around $17 billion.
His wealth has been accumulated through decades of acquisitions, investments, and the strategic growth of his media companies.
The sale of 21st Century Fox to Disney played a significant role in increasing his wealth, as did his long-standing ownership of Fox News, one of the most profitable cable news networks in the world.
In addition to his media empire, Murdoch has invested in real estate, owning properties in the US, UK, and Australia. His portfolio includes luxurious homes and estates, further contributing to his net worth.
LATER CAREER
In the 1960s, Murdoch set his sights on the UK market, purchasing News of the World in 1969, followed by The Sun newspaper. Under his ownership,
The Sun became one of the most widely read tabloids in the UK, known for its provocative headlines and focus on celebrity gossip and political sensationalism.
These acquisitions helped Murdoch solidify his position as a major player in British media.
Murdoch’s ambitions didn’t stop there. In the 1970’s, he turned his attention to the United States, acquiring the San Antonio Express-News in Texas.
His most notable purchase came in 1976 when he acquired the New York Post, a tabloid that would mirror the style and approach of his British newspapers.
This was followed by his acquisition of The Times and The Sunday Times in the UK, cementing his control over a large segment of the print media in both countries.
In 1980, Murdoch founded News Corporation, a global media holding company that would become the foundation of his vast empire.
Throughout the 1980’s and 1990’s, Murdoch continued expanding into television and film.
He launched the Fox Broadcasting Company in 1986, which quickly became one of the major television networks in the US.
Fox News, founded in 1996, became one of the most influential and controversial cable news networks, known for its conservative commentary and significant impact on American politics.
Murdoch’s influence extended beyond news media. In 1985, he acquired 20th Century Fox, one of the major film studios in Hollywood.
This acquisition gave Murdoch a foothold in the entertainment industry, allowing him to produce and distribute blockbuster films and popular television shows.
His media empire also expanded globally, with ventures in Asia, Europe, and Latin America.
In 2013, News Corporation was split into two entities: 21st Century Fox, which focused on film and television, and the new News Corp, which retained the publishing and newspaper assets.
This restructuring allowed Murdoch to streamline his media holdings and focus on both entertainment and news.
In 2019, Murdoch sold the majority of 21st Century Fox’s entertainment assets to The Walt Disney Company for $71.3 billion, one of the largest media deals in history.
This sale marked the end of an era for Murdoch’s entertainment empire, although he retained control of key assets like Fox News and Fox Sports through Fox Corporation.
FAVORITE QUOTES
- The world is changing very fast.
- In motivating people, you’ve got to engage their minds and their hearts.
- I’m not an economist and we all know economists were created to make weather forecasters look good.
RUPERT MURDOCH SUMMARY
Rupert Murdoch’s career is a testament to his unparalleled influence in the global media industry.
From his beginnings in Australian newspapers to his creation of a media empire that spans continents, Murdoch has reshaped the media landscape, with his newspapers, television networks, and film studios playing pivotal roles in shaping public discourse.
With a net worth of around $17 billion, Murdoch remains one of the wealthiest and most powerful figures in media, and his legacy continues to shape how information is consumed around the world.
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