Networth - Rupert Murdoch Net Worth – How Much is He Worth?

Rupert Murdoch Net Worth – How Much is He Worth?

Rupert Murdoch Net Worth - How Much is He Worth?

The given article contains all the information regarding Australian-born media mogul Rupert Murdoch Net Worth.

Rupert built his fortune by founding News Corp. Murdoch, while being born in Australia, abandoned his Australian citizenship and became a citizen of the United States in 1985.

Due to his ownership of some of the most prestigious publishing outlets worldwide, Rupert is a powerful figure in the United States and worldwide.

Are you curious to know about Rupert Murdoch and how he accumulated all this wealth and growth? To know the detailed history of his life and how he became a billionaire, read this article fully!

We have covered all the details from his early life to his current net worth in 2023. Let’s get started!

Rupert Murdoch Net Worth 2023

Rupert Murdoch is estimated to have a net worth of $21.7 billion in 2023.

According to Forbes, the combined net worth of 92-year-old Murdoch and his family is approximately $7.69 billion.

That is far less than the $23 billion that his estimated fortune was in March 2022. He was nevertheless ranked 71 on the magazine’s list of 2021 billionaires.

Rupert Murdoch Biography and Early Life

Rupert Murdoch Biography and Early Life
Credit- CNN

 

Name
Keith Rupert Murdoch
Known as Rupert Murdoch
Place of birth
Melbourne, Australia
Date of birth March 11, 1931
Age
92 Years Old
Father’s name Keith Murdoch
Mother’s name
Elisabeth Murdoch
Siblings
Helen, Anne, and Janet
Height 1.78 m (5″10″)
Weight 175 lbs (79 kg)
Occupation
Media proprietor, Investor, Publisher
Religion Catholicism
Net worth 2023 $21.7 billion

On March 11, 1931, Keith Rupert Murdoch was born in Melbourne, Australia. Rupert Murdoch has Scottish, English, and Irish ancestry. Sir Keith and Dame Elisabeth were his parents. Both of his parents were born in Melbourne. He is the second of Sir Keith Murdoch’s four children.

His father was a war correspondent who eventually became the head of the Herald and Weekly Times publishing company. He also owned two newspapers in Adelaide and a radio station in a faraway mining town. Helen, Anne, and Janet were Murdoch’s three sisters; Helen passed away in 2004.

Patrick John Murdoch, a Presbyterian pastor of Scottish descent, was his paternal grandpa. Murdoch later decided to use his second and maternal grandfather’s first names.

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He went to Geelong Grammar School, where he served as editor of the student journal If Revived and co-editor of the school’s official journal, The Corian. His father prepared him to take over the family business while working part-time at the Melbourne Herald.

He studied philosophy, politics, and economics at Worcester College in Oxford, England. Murdoch had the nickname “Red Rupert.” He managed Oxford Student Publications Limited, the publishing business of Cherwell, and was a member of the Oxford University Labour Party and stood for secretary of the Labour Club.

After his father’s cancer death in 1952, his mother founded the Murdoch Children’s Research Institute and worked as a life governor of the Royal Women’s Hospital in Melbourne; she had 74 descendants when she was 102 years old (in 2011). Murdoch started working for the Daily Express for two years as a sub-editor.

Rupert Murdoch Salary and Earnings

Net worth 2023 $21.7 billion
Monthly Salary $90 million
Annual earnings $1 billion

Rupert Murdoch Net worth is $21.7 billion in total. His media empire is where almost all of that money has come from. Newspapers, magazine news, networks, and studios are all part of his media empire.

Recently, he closed an important deal to sell Disney the 20th Fox Studio. According to the Wall Street Journal, that acquisition was for $40 billion, of which Rupert Murdoch received $5 billion. He continues to own a majority of the stock in Fox News. Rupert Murdoch owns News Corp. and News.

Rupert Murdoch earns a monthly salary of $90 million and over $1 billion annually.

Does the Murdoch family own CNN?

Fox News and Fox Corporation, owned by the Murdoch family, and Warner Media, which AT&T owns, are the owners of CNN. Through a family trust with a 39.6% ownership stake, the Murdoch family holds control over the business.

Lachlan Murdoch serves as executive chairman and CEO, while U.S. Rupert Murdoch is the company’s chairman. Fox Corp. primarily works in the television, news, and sports broadcasting sectors.

What does Billionaire Rupert Murdoch Own?

He owns numerous local, national, and worldwide publishing outlets through his company News Corp.

Rupert Murdoch owns The Sun and The Times in the UK, The Australian Herald Sun, The Daily Telegraph, The Australian in the US, The Wall Street Journal, and The New York Post in the UK.

He owns the publishing company HarperCollins and the television networks Sky News Australia and Fox News through the Fox Corporation.

In addition, Rupert Murdoch was the owner of 21st Century Fox (until 2019), Sky (until 2018), and the now-defunct News of the World.

Among many others, his media empire consists of the following: MarketWatch, Barron’s, The Times (Britain’s daily newspaper), Investor’s Business Daily, and Realtor.com.

How did Rupert Murdoch Get Rich?

Rupert was 21 years old when his father passed away. Murdoch started running “The News,” an Adelaide newspaper his father had established, after being given the responsibility of taking over the family business. He successfully made the newspaper popular in Australia and then set out to buy other publications nationwide.

Rupert acquired many struggling publications in the UK, including “News of the World” and “The Sun,” after starting a new newspaper in Australia named “The Australian.” Murdoch turned these newspapers into prosperous enterprises, much like in Australia.

His first purchase of a US-based newspaper was the “San Antonio Express-News,” which he acquired in 1973. He made several further purchases after that, including the “New York Post” in 1976.

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For $250 million, Murdoch acquired Marc Rich’s interest in 20th Century Fox in 1984 from Marvin Davis. Due to Rich’s trading agreements with Iran that were under US sanctions, he was forced to sell. John Kluge, the richest man in the world in 1990, sold all of his independent television stations to Murdoch, who then bought them all.

Disney paid $71 billion to acquire 21st Century Fox in 2019. Rupert owned 17% of Fox at this time, and after the dust settled, he had nearly $12 billion in Disney stock. The agreement also greatly profited his children. To Rupert’s six children, an additional $10 billion from the sale was given.

After the deal, Rupert also acquired a 39% ownership stake in the newly established Fox Corporation. The Wall Street Journal, New York Post, Fox News, Fox Broadcast Network, and The Times of London are just a few of the famous subsidiaries owned by this media corporation. His 39% share is estimated to be worth $4 billion as of 2020.

Rupert Murdoch Net Worth FAQs

What is the net worth of Rupert Murdoch?

The Australian-American entrepreneur “Rupert Murdoch” has a $21.7 billion net worth.

Is Rupert Murdoch married?

Murdoch has had four marriages. He was married to Patricia Booker from 1956 to 1967. He married Anna Murdoch Mann from 1967 to 1999, Wendi Deng from 1999 to 2013, and Jerry Hall, Mick Jagger’s ex-wife, in 2016. It was made public that Rupert and Jerry Hall were divorcing in June 2022.

How did Rupert Murdoch accumulate his net worth?

His media empire is where almost all of that money has come from. Newspapers, magazine news, networks, and studios are all part of his media empire.

How many children does Rupert Murdoch have?

Rupert Murdoch has been married four times and has six children with three wives.

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About the author

Nancy Beverly

Nancy Beverly is a prominent political journalist and editor at World-Wire, known for her sharp analysis and deep understanding of global politics. With a Master's degree in Political Science, she excels in breaking down complex political issues, making them relatable to the public. At World-Wire, Nancy crafts compelling political narratives covering everything from local governance to international relations. Recognized for her expertise, she received the 'Excellence in Political Journalism' award in 2021. Nancy's work not only informs but also enriches her readers' understanding of political dynamics.

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