Rupert Murdoch is one of the most powerful names in media. He built Fox Corporation and News Corp, which run top newspapers and TV channels. Murdoch’s work changed how people get news and entertainment.
Early Life and Background
Rupert Murdoch was born on March 11, 1931, in Melbourne, Australia. His father owned a newspaper, which inspired Murdoch’s interest in media. He went to Oxford University in England. After college, Murdoch returned to Australia to run his family’s newspapers.
Career Beginnings and Media Growth
In the 1950s, Murdoch began buying small newspapers in Australia. He focused on news that appealed to many readers. In the 1970s, he expanded to the UK and U.S. He bought famous newspapers, like The Sun in the UK and New York Post in the U.S. In 1985, he became a U.S. citizen to grow his business in American TV.
Major Achievements and Earnings
Murdoch’s companies, News Corp and Fox Corporation, brought him great wealth. Through News Corp, he owns famous newspapers like The Times and The Wall Street Journal. Fox Corporation includes Fox News and entertainment networks. Murdoch’s skill in expanding his media empire made him very rich and influential.
Income Sources
Murdoch’s wealth comes mostly from his shares in News Corp and Fox Corporation. These companies earn from advertising, subscriptions, and media deals. News Corp runs newspapers, websites, and real estate, while Fox focuses on news and TV entertainment. Murdoch’s shares in these companies keep his wealth strong.
Assets and Lifestyle
Murdoch lives a high-profile lifestyle. He owns homes in the U.S., UK, and Australia, including a large ranch in California. His main assets are his shares in News Corp and Fox. Murdoch is still active in his companies, staying involved in major decisions.
Philanthropy and Contributions
Murdoch supports causes like health and education. His family started the Murdoch Children’s Research Institute in Australia, which funds medical research for kids. He has also donated to education and journalism causes. While focused on business, he gives back through these projects.
Net Worth in 2024
As of 2024, Rupert Murdoch’s net worth is estimated at $17 billion, according to Forbes. His wealth is tied to his shares in News Corp and Fox Corporation. Murdoch’s impact on news, media, and global entertainment remains strong.
Conclusion
Rupert Murdoch grew from a small newspaper owner to a world media giant. With a net worth around $17 billion, he is a major name in news and entertainment. His focus on media and influence reflects his lasting impact on business and society.
References and Resources
Ross Stretch
