Rupert Murdoch is a very important person in the news industry. The business magnate and media owner runs News Crop, which is in charge of hundreds of news organisations around the world, such as Fox News, The Sun, The New York Post, and The Daily Telegraph.
Murdoch is one of the world’s wealthiest people. He was named the 31st richest person in the U.S. in 2022. But how much does the media mogul really have? Find out by reading on.
Rupert Murdoch Net Worth
Forbes says that Rupert Murdoch’s net worth as of March 2023 is $17.2 billion. He is currently number 35 on Forbes’ list of the richest people in the United States. Murdoch’s wealth reached its peak in 2021, when it was estimated to be $23.5 billion. This was a big jump from the year before, when it was only $14.9 billion.
The businessman has always been on the list of the world’s 100 richest people. In 1990, he was number 60 on the list, but by 2022, he was number 72. Murdoch, who was born in Australia, started his career by taking over The News, a small newspaper that his father had started in Adelaide.
Career as Media Proprietor
Soon, he made The News a successful national newspaper and began buying up other local papers before starting The Australian. Then, he took over the failing UK newspapers News of the World and The Sun and turned them into profitable businesses.
He bought his first US newspaper, the San Antonio Express-News, in 1973. In 1976, he bought T he New York Post. After ten years, he started the Fox Broadcasting Company, which quickly became the biggest media company in the country.
In 2013, News Corporation’s media company split off from 21st Century Fox. Some of the most important news channels and publications, like Fox News, The Wall Street Journal, The Times, Sky News Australia, The Daily Telegraph, and HarperCollins, are now owned by the company, and so by Murdoch.
In 2019, Disney paid a whopping $71 billion to buy 21st Century Fox. Murdoch owned 17% of Fox, so he got $12 billion worth of Disney stock as part of the deal. The takeover also helped his six children, who were each paid $10 billion. Now, the media mogul owns 39% of the Fox Corporation. It is thought that his share is worth $4 billion.
Real Estate Investments
Murdoch spent $12.85 million between 2012 and 2014 to buy three apartments in the Porter House building in New York City’s meatpacking district. In the beginning of 2011, he spent $23 million on a 12,000-square-foot Georgian townhouse in New York. He also owns two condos in the $58 million One Madison building in New York City.
Murdoch also owns a 16-acre vineyard estate in Bel-Air, Los Angeles. He paid $28.8 million for this property in 2013. He met his soon-to-be-wife Ann Lesley Smith for the first time at the same vineyard in September 2022, when she went there.
In 2021, the businessman paid $200 million for a 340,000-acre ranch in Montana. People say that this is the biggest ranch sale in the state’s history. The property is 50 miles long and has 24 houses on it. Murdoch paid $30 million for a 6,500-square-foot apartment on Central Park South in February 2023.
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