Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 299 Rupert Murdoch $6.98B

Random fact: Bought MySpace for $580 million. Sold for $35 million six years later.

Overview

Murdoch is chairman of two publicly traded New York-based companies: News Corp. and Fox Corp. The latter focuses on television production, cable news and broadcasting, and had revenue of $12.3 billion in the year to June 30, 2020. News Corp. is a publisher that owns The Wall Street Journal, New York Post and The Sun.

As of :
Last change -$55.6M ( -0.8%)
YTD change -$807M ( -10.4%)
Industry Media & Telecom
Biggest asset FOX US Equity
Citizenship United States
Age 89
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Rupert Murdoch's net worth of $6.98B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Murdoch owns stakes in publicly traded News Corp. and Fox Corp. The holdings are largely held through the Murdoch Family Trust that he still controls, according to regulatory filings.

Walt Disney Co. completed its $71 billion purchase of some assets that were formerly part of 21st Century Fox including Fox movie studio, cable channels such as FX and National Geographic, and some international assets, in March 2019. The Murdoch family received $12 billion of proceeds, which were distributed to his six children, people familiar with the transaction have said. That transfer, recorded in this valuation on March 20, 2019, led to a fall of about $12 billion in Murdoch's net worth calculation.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market appreciation. Murdoch also owns real estate around the world that's included at reported purchase prices, including a New York apartment for which he paid $57 million.

Megan Klein, a spokeswoman for Fox, didn't respond to a request for comment on Murdoch's net worth. News Corp. owns Dow Jones Newswires, a competitor of Bloomberg News.

Biography

Birthdate: 3/11/1931
Family: Married, 6 children
Education: University of Oxford, Worcester College

Born in Australia to a father who turned his early years as a war correspondent into a career in publishing with the Australian papers Sunday Mail and the News. Educated at Oxford, young Rupert returned to Australia to take over the family's publishing businesses following his father's death in 1952. He involved himself in all matters of the paper's production -- writing display copy, redesigning page layouts, toiling at the print shop -- while putting a special emphasis on lurid stories and scandals. Circulation soared.

With his business booming, Murdoch began buying up other papers on the continent, including the Perth Sunday Times and the Daily Mirror in Sydney. He unveiled the country's first national newspaper, the Australian in 1964. He expanded the business internationally, buying the U.K.'s News of the World, in 1968, and the Sun, a year later. He purchased his first paper in the U.S., the San Antonio Express-News in 1973. The New York Post followed three years later.

Murdoch began assembling his Fox empire in the 1980s, first by buying a stake in 20th Century Fox, and then adding a number of local television stations that he later transformed into the fourth major broadcast network in the U.S. Successful forays into satellite and cable television followed. He bought Dow Jones and its trophy property, the Wall Street Journal, in 2007.

The Guardian broke the news of widespread phone-hacking taking place at News of the World in July 2009. Murdoch and his son, James, were eventually summoned to testify at an ethics inquiry in London, after which Murdoch was declared unfit to run a major corporation. The scandal brought the resignation of longtime lieutenant Rebekah Brooks, the arrest of more than 40 people and the closing of News of the World.

Walt Disney completed the purchase of Fox's studio, cable channels and international assets for $71 billion in March 2019.

Milestones
  • 1931 Keith Rupert Murdoch is born in Melbourne, Australia.
  • 1964 Begins publishing first national newspaper, the Australian.
  • 1973 Buys his first U.S. paper, the San Antonio Express-News.
  • 1985 Assembles Fox empire with investment in 20th Century Fox.
  • 1989 Becomes naturalized U.S. citizen.
  • 1993 Repurchases the New York Post.
  • 2009 Guardian breaks story on phone-hacking at News of the World.
  • 2019 Sells movie studio, cable channels and other assets to Disney.