Rupert Murdoch is worth $7.57 billion and has been married 4 times — here's how he went from operating a small Australian paper to helming one of the biggest networks in the world

Keystone/Getty ImagesRupert Murdoch, the Australian-born American newspaper publisher and entrepreneur who owns many newspapers and communications throughout the world.
  • Australian-born billionaire Rupert Murdoch, 88, helms a media empire made up of newspapers like The Wall Street Journal, television networks like Fox News, and a handful of other publications across the world.
  • Murdoch inherited his very first newspaper from his father, who was a war reporter turned publisher.
  • Bloomberg estimates his net worth to be $US7.57 billion, as of December 2019. Following Disney’s $US71 billion purchase of 21st Century Fox assets, Murdoch distributed $US12 billion in proceeds to his six children.
  • In December 2019, Murdoch’s son Lachlan purchased Chartwell, a historic Bel-Air estate, for $US150 million. The purchase set a California record and is the second-priciest home sale ever recorded in the US.
  • Visit Business Insider’s homepage for more stories.

Rupert Murdoch’s name is one synonymous with media, but it took decades to build his sprawling empire.

He owns dozens upon dozens of newspapers spanning three continents, founded the Fox network – responsible for revolutionising cable television to what it is today – in the 1980s, and has a net worth $US7.57 billion, according to the Bloomberg Billionaires Index. That makes him the 220th-richest person in the world. Forbes ranks Murdoch and his family at number 52 on their billionaires index with a combined net worth of $US19.7 billion.

Over the span of his five-decade career, Murdoch has been in four marriages and has six kids. He’s also been the subject of a variety of scandals, most prominently when his UK-based paper News of the World was forced to shutter after it was found to have hacked the phone of a slain teenager.

In March 2019, Murdoch received $US12 billion from Disney’s purchase of Fox assets and distributed the proceeds to his children.

Take a look at how Murdoch got his start, the deals he has made, and the growth of his empire.


Rupert Murdoch graduated from Oxford University, then known as Worcester College, in 1952.

David Madison / Contributor/ Getty Images

His father, Sir Keith Murdoch, a war reporter turned publisher, died the same year, and Murdoch went back to Australia to take over the family business at the age of 22.

Source: BBC News


Murdoch, seen here in 1960, inherited a chain of Australian newspapers from his father. According to Bloomberg, Murdoch embedded himself in all matters of production, from writing copy to managing the printer and redesigning page layouts.

Keystone/Hulton Archive/Getty ImagesMurdoch seen here in 1960.

He especially made it a priority to include “lurid stories and scandals,” which made paper sales boom. He began buying other publications, including The Daily Mirror and the Perth Sunday Times.

Source: Bloomberg


Murdoch then went on to found Australia’s first nationwide newspaper, The Australian, in 1964. Unlike Murdoch’s other papers, it is not a tabloid.

Amer Ghazzal / Barcroft Images / Barcroft Media via Getty Images

Murdoch then founded News Corporation, known as News Corp, which now owns more than 170 papers worldwide.

Source: BBC News


Murdoch made his first UK purchase in 1968, buying News of the World. He would later also acquire The Sun.

Stan Meagher/Daily Express/Hulton Archive/Getty Images

Source: Bloomberg


In 1981, he bought the Times Group — two papers in the UK, Sunday Times and The Times, adding them to his growing international portfolio.

Popperfoto/Getty ImagesRupert Murdoch, centre, the new owner of Times Newspapers flanked by two of his editors Harold Evans (Sunday Times) left and William Rees Mogg, (Times) right.

Source: BBC News


Murdoch moved to New York City in the late 70s, and bought his first US newspaper, the San Antonio Express-News, though many say Murdoch came to stride in the 80s when he purchased the New York Post and New York magazine.

Peter Morgan/ReutersAustralian media magnate Rupert Murdoch is mobbed by reporters as he enters the newsroom at the New York Post in New York March 29, 1993.

Murdoch still owns the Post today, but shed New York magazine in the early 90s along with a few other magazines.

Source: Bloomberg


In 1987, Murdoch bought what is now book publishing giant Harper Collins for $US293 million. He still owns the publishing house today.

Jemal Countess/WireImageJane Friedman, former CEO of Harper Collins, Rupert Murdoch and Tom Perkins at the Allan Stone Gallery in New York City, New York in 2006.

Source: The New York Times


It was during the 1980s that Murdoch began his Fox empire, buying stake in 20th Century Fox and subsequently creating television stations, effectively transforming cable television.

Paul Archuleta/FilmMagic

He bought over 50 per cent of stock in the company, for over $US250 million.

Source: Bloomberg,Washington Post


In 1989, Murdoch became a naturalized US citizen.

Reuters/Peter Morgan

Source: Bloomberg


Murdoch has been married four times; he married his first wife, Patricia Booker, in 1956, when he was 25. The couple divorced 11 years later. Prudence, born in 1958, is Murdoch and Booker’s eldest child and daughter.

Evan Agostini/LiaisonPrudence Murdoch in 1997.


Source:
Vanity Fair


About a year after his first marriage ended, Murdoch married Anna Torv; the couple had three children — Elisabeth, James, and Lachlan — and divorced in 1999. Elisabeth, Murdoch’s second child and daughter, was born 10 years after Prudence.

DANIEL LEAL-OLIVAS/AFP/Getty ImagesElisabeth Murdoch.

Elisabeth has worked for many of her father’s businesses, including News Corp. and FX. In 2019, she became executive chairman of Sister, a global TV and film production company.

Source:The New York Times, Vanity Fair, Deadline


Just 17 days after divorcing his second wife, Murdoch married Wendi Deng, whom he met while she was working at Star TV in Hong Kong, in 1999.

TORSTEN BLACKWOOD/AFP/Getty Images

They were married for 14 years before splitting in 2013.

Source: Business Insider


They have two teenage daughters, Grace, 18, and Chloe, 16.

Agostini/Invision/AP

Source: Business Insider


Murdoch would go on to buy social network MySpace for $US580 million in 2005, only to sell it for $US35 million a few years later.

REUTERS/Michael CaronnaMurdoch (L) poses with Softbank Chief Executive Masayoshi Son at a news conference in Tokyo November 7, 2006.

Source: The New York Times


Murdoch’s News Corp won a bid to buy Dow Jones, the publisher of The Wall Street Journal, and others, in 2007 for $US5 billion.

REUTERS/Mike Segar

According to The Wall Street Journal, the paper is one the billionaire long coveted; some feared, at the time, that he would meddle in its editorial affairs.

Source: The Wall Street Journal


Murdoch is also very close with former Wall Street Journal managing editor Robert Thomson. Murdoch made Thomson, who is also from Australia, the CEO of News Corp, in 2013.

Michael Seto/Business Insider

In 2011, The New Yorker reported Thomson was Murdoch’s “closest friend,” dining in restaurants frequently with one another and chatting about politics and drinking wine.

Source:Bloomberg, The New Yorker


In 2009, The Guardian published an article about illicit phone hacking conducted by News of the World into the voicemail of a British teenager who had been killed.

The scandal went on to rock Murdoch’s reputation in Britain. Years after the scandal, his attempt to buy television network British Sky Broadcasting was dropped due to public outcry.

Source: The Guardian, The New York Times


Two years later, the Murdoch family announced plans to shutter the paper after 168 of operations.

Peter Macdiarmid/Getty Images

In front of lawmakers in 2011, Murdoch apologised for the phone hacking.

Source: The New York Times


In 2015, 21st Century Fox announced that Murdoch would be handing off new leadership roles to his two sons, James and Lachlan, keeping the company in the family.

Jason LaVeris/FilmMagic/Getty ImagesLachlan Murdoch, Rupert Murdoch and James Murdoch attend the Television Academy’s 23rd Hall of Fame induction gala in 2014.

Lachlan, 48, now holds the role of co-chairman of News Corp and executive chairman and CEO of Fox Corporation. James, 47, no longer works for Fox and founded Lupa Systems, a private investment company, in 2019. Murdoch’s two sons are from his second marriage to Anna Murdoch Mann.

Source: The New York Times; Fox Corporation; Hollywood Reporter


Lachlan celebrated the promotion by buying a $US29 million, 13,500-square-foot home in Aspen, Colorado in 2017.

Realtor.com

Source: Business Insider


Murdoch himself doesn’t mind living lavishly — he owns an $US84 million Gulfstream G650.

Gulfstream Aerospace

Source: Business Insider


He also bought this Bel Air mansion for $US28.8 million in 2013.

The property was once a horse ranch and has over 16 acres of land, 13 of which are grapevines. The residence is nearly 8,000 square feet and includes a guest house and office building.

In 2017, Variety reported that Murdoch’s estate was impacted by a California wildfire, but none of the buildings were burned.

Source: Variety


In 2014, Murdoch bought the top four floors in the One Madison Park building in New York City, just steps away from Madison Square Park, for $US57.5 million. The penthouse offers vast views of Lower Manhattan and Midtown, with floor-to-ceiling windows.

David Krieger/Bauer-Griffin/FilmMagic

Murdoch tried to sell the elaborate four-story apartment for $US72 million less than a year later.

Source: Curbed NY


Murdoch bought a 180-foot yacht in 2006 and named it Rosehearty, after a village home to his ancestors in Scotland. He later sold it after his divorce from Deng in 2013.

Ivanka Trump and Jared Kushner vacationed on the boat with Murdoch’s ex-wife Deng prior to her divorce from Murdoch. The yacht is complete with seven guest cabins and a Jacuzzi on the deck.

Source: Boat International, The New York Times


Murdoch and former supermodel Jerry Hall got married at St. Bride’s church in London in March of 2016.

REUTERS/Peter Nicholls

Source: Business Insider


Hall is his fourth wife and was formerly involved with Mick Jagger, with whom she has four kids.

REUTERS/Danny MoloshokMurdoch with wife Jerry Hall at the Vanity Fair afterparty for the 91st Academy Awards in 2019.

The day Murdoch married Hall was also the last day he tweeted – he was formerly prolific on Twitter, and would comment on topics like politics.

Source: Business Insider


Although many of Murdoch’s publications and television networks lean toward the right politically, he tried to convince former New York City Mayor Michael Bloomberg to run for president against Donald Trump in 2016.

Drew Angerer/Getty Images

Source: Forbes


Yet, since the 2016 presidential election, Murdoch and Trump have become quite close. In 2017, The New York Times reported that Murdoch calls Trump at the White House a few times a week to chat about politics and business.

REUTERS/Carlo AllegriMurdoch and then-presidential candidate Donald Trump at Trump International Golf Links in Aberdeen, Scotland in 2016.

And during the 2016 primaries, Murdoch’s publications, the New York Post and The Wall Street Journal, went after Trump, calling him “toast” and a “phony.”

Source: The New York Times


Their relationship was not always friendly, though. When Trump was an up-and-comer in the real-estate industry, Murdoch’s Page Six would often cover the saucy details of his personal life.

MICHAL WACHUCIK/AFP/Getty Images

The two eventually became friendly as their circles drew closer together.

Source: The New York Times


A 2017 report from the New York Times noted that Murdoch’s ex-wife Deng is good friends with Trump’s daughter Ivanka. Deng even played a part in getting Ivanka back with husband Jared Kushner when the two briefly broke up in 2008.

Larry Busacca/Getty Images for Michael Kors

Source: The New York Times,Business Insider


In 2017, Murdoch-run 21st Century Fox announced it would sell to Disney for $US71.1 billion.

MARK RALSTON/AFP/Getty Images

Source: The Wall Street Journal


On March 20, 2019, Disney acquired the famed Fox Hollywood studios and various other television operations of the Murdoch family-controlled group, which is responsible for blockbusters like Avatar and series like The Simpsons. The total purchase came to $US71.3 billion.

Fox

Source: The Wall Street Journal; Vox


So what’s left after the sale? A lot, actually. Lachlan Murdoch heads Fox News, the Fox Broadcasting network and the FS1 cable sports network, while Rupert himself still helms News Corporation, and the handful of newspapers it publishes.

Kevin Hagen/Getty ImagesLachlan Murdoch, right, with his father Rupert, exiting Fox headquarters in 2016.

Source: The New York Times


After news of the Disney deal broke, Murdoch’s net worth jumped by $US1.2 billion. In early March 2019, it sat at $US19.8 billion.

ReutersRupert Murdoch, Chairman of Fox News Channel, September 10, 2017.

Source: Forbes


Murdoch received $US12 billion in proceeds from the sale, which he distributed to his children, dropping his net worth by roughly that amount. Murdoch is now, according to Bloomberg, worth $US7.57 billion, making him the 220th-richest person in the world.

Photo by Max Mumby/Indigo/Getty ImagesMurdoch with his sons Lachlan Murdoch (L) and James Murdoch (R) arrives at St Bride’s Church for a service to celebrate his marriage to Jerry Hall.

Source: Forbes, Bloomberg


In December 2019, Lachlan Murdoch purchased the Chartwell estate, a historic Bel-Air estate previously owned by media billionaire A. Jerrold Perenchio, for $US150 million. The sale set a California record and is the second-most expensive home sale ever recorded in the US.

Hilton & Hyland


Source:
Business Insider

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