"The Murdoch family's multibillion dollar media empire includes Fox News, The Wall Street Journal, The New York Post, The Times of London, and more. Rupert Murdoch, the 94-year-old patriarch of the family, inherited an Australian newspaper at age 22 and built out his media empire from there. He has been married five times and has six children. The Murdoch family's estimated net worth is over $24 billion, according to Forbes."
"In 2023, Murdoch announced he was stepping down from his role at Fox Corporation and News Corp, leaving his eldest son, Lachlan, in charge. On Monday, companies run by the family announced that the dispute over the Murdoch family trust has come to an end. Under the deal, Lachlan will control the media brands under a new trust, while his siblings James, Liz, and Prudence would receive cash compensation for their shares."
The Murdoch family controls a multibillion-dollar media empire that includes Fox News, The Wall Street Journal, The New York Post, The Times of London, and other outlets. Rupert Murdoch built the empire after inheriting an Australian newspaper at age 22 and expanded it over decades. Rupert is 94 years old, has been married five times, and has six children. The family's estimated net worth exceeds $24 billion, according to Forbes. A long-running public succession contest centered on sons Lachlan and James concluded with Lachlan named successor. Lachlan previously served as co-chairman of 21st Century Fox and became chief executive of Fox Corporation after the Disney sale; siblings James, Liz, and Prudence received cash.
Read at Business Insider
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