Born Keith Rupert Murdoch, he is an American businessman, investor, and media tycoon. He owns hundreds of local, national, and international publishing outlets worldwide through his company, News Corp which includes The Sun, The Times, The Wall Street Journal, and several others.
In this article, we will cover the net worth of Rupert Murdoch, his early & personal life, career, and others. Read the full article below to know everything about the tycoon Rupert Murdoch, from his net worth to his personal life.
What Is the Net Worth of Rupert Murdoch?
According to Celebrity Net Worth, the net worth of Rupert Murdoch is around $20 billion. He is Australian-born but is an influential personality in the US and worldwide with his successful media outlets. He is amongst the wealthiest people worldwide.
After taking a dig into his net worth, let’s have a look at Rupert Murdoch’s childhood development.
Early Life
Rupert was born on March 11, 1931, in Melbourne, Australia. He was 21 when his father died and after that, he has delegated the responsibility to take over the family business, he then began handling “The News,” an Adelaide newspaper established by his father. He turned the publication into a successful paper in Australia and then acquired other newspapers around the country.
Personal Life
In 1956, Murdoch tied the knot with Patricia Booker and they divorced in 1967. He was then married to Anna Murdoch Mann from 1967 to 1999. Murdoch and Wendi Deng were married from 1999 to 2013. Murdoch tied the knot with Mick Jagger’s ex-wife Jerry Hall in 2016 and the announcement came out in June 2022 that Rupert and Jerry Hall were getting a divorce. He has 4 children.
In 2013, when Rupert and Anna divorced, he paid an amount of $1.7 billion in the divorce settlement. After 17 days of their divorce finalization, Rupert tied the knot with Wendi Deng.
Career
Rupert Murdoch earned a jaw-dropping net worth from his efforts. Following this set up a new newspaper named “The Australian,” in Australia, and he acquired several other publications in the UK, like “News of the World” and “The Sun,” both of which were facing difficulties.
He converted these papers into successful businesses. He acquired the “San Antonio Express-News,” in 1973, which was his first acquisition of a US-based paper. He then acquired several others and in 1976, he purchased the “New York Post”.
In 1984, he spent $250 million to acquire Marc Rich’s interest in 20th Century Fox from Marvin Davis. Rich sold it because of the trade deals he had made with Iran, which were sanctioned by the US during that period. He bought all of the independent television stations owned by John Kluge, who was the world’s richest man in 1990.
Those six stations became the backbone for Rupert’s new venture: Fox Broadcasting Company. It was set up in 1986, Fox managed to become one of the biggest and most influential media companies nationwide. Apart from that, Rupert spent another $326 million to acquire Davis’ stake in Fox.
Disney Acquisition
Disney bought 21st Century Fox in 2019 for $71 billion. At the time, Rupert owned a 17% stake in Fox, and when the deal settled, he owned around $12 billion in Disney stock. The sale proceedings of another $10 billion were distributed to his six children.
Following the deal, Murdoch also became the owner of 39% of the newly-established Fox Corporation. This mass media corporation has many popular subsidiaries, along with the Wall Street Journal, Fox News, Fox Broadcast Network, New York Post, and The Times of London. Rupert Murdoch has worked hard to earn such a huge net worth.
Controversy
Rupert was alleged of hacked into the phones of some of the world’s popular celebrities in 2011. Later, an investigation was held by both the British government and the FBI. Apart from that, he was charged with corruption and bribery charges. This controversy led Murdoch to resign as director of News International.
Additionally, he was among the investors cheated by the “Theranos” scandal.
Real Estate
Rupert Murdoch’s property reflects his massive net worth. It was purported in 2015 that Rupert Murdoch had sold a home in Beverly Hills to his son, James Murdoch for $30 million. The property is spread over 8,651 square feet and consists of 11 bedrooms.
Though Rupert worked under the “cover” of many corporations, it is believed that between 2012 to 2014, he bought three units in the Porter House building of New York City’s meatpacking district for $12.85 million. In 2011, he also spent $23 million on a 12,000-square-foot Georgian townhouse on the Upper East Side of New York.
He spent $58 million to acquire two units in NYC’s One Madison condo tower in 2014. In March 2022, he listed these units for $78 million.
Murdoch spent a $28.8-million 16-acre vineyard estate in 2013 in Bel-Air, Los Angeles. The abode has a 7,500-square-foot main house with three bedrooms and four and a half bathrooms.
Apart from that, it also has a two-bedroom guesthouse as well as a 4,400-square-foot office space. The vineyard, named Moraga Vineyards, is indeed a working vineyard and a huge wine cave completes the compound.
After a year, he acquired a 6,850-square-foot quadruplex penthouse in the One Madison Building for $57.25 million.
Murdoch spent $200 million in December 2021 to acquire a 340,000-acre ranch in Montana which was the largest ranch sale in the history of Montana, both in terms of price as well as size during that time. The estate is named Beaverhead Ranch and has two dozen homes on the property.
Rupert Murdoch built a massive net worth of $20 billion over the years. Stay tuned to our website to get all the latest information.