Regarding media moguls, no name is more significant than Rupert Murdoch. The Australian-born billionaire has become one of the most influential people in entertainment, and one would ask, 'What is Rupert Murdoch's net worth?'
In this blog post, we’ll look in-depth at his net worth - from his humble beginnings to becoming one of the wealthiest men in the world. We'll explore just how much money Rupert Murdoch makes, what businesses are part of his expansive empire, and why he's so powerful.
If you're curious about this enigmatic mogul and want to learn more about him, read on.
Plus, find out how we can coach you to your first million for FREE.
What is Rupert Murdoch's net worth?
Rupert Murdoch has an estimated net worth of around $17.5 billion, making him one of the wealthiest media tycoons in the world. His wealth comes from his vast holdings in various media companies, including News Corp, Fox Corporation, and 21st Century Fox (now part of The Walt Disney Company).
He owns several other companies, including the U.K.'s Sky News and newspapers, The News U.K. and The Sun. Murdoch has had a long career in media, and his net worth is expected to grow as he expands his empire.
Who is Rupert Murdoch?
Rupert Murdoch is an Australian-American business magnate, investor, and media personality who currently serves as the executive co-chairman of 21st Century Fox. He was born in Melbourne, Australia, on 11 March 1931 and held dual citizenship in Australia and the United States.
He received his education at Worcester College, Oxford, where he obtained a Bachelor of Arts degree. Murdoch's career in the media industry began in 1952, and since then, he has become one of the world's most successful businessmen and investors.
Murdoch is best known for being chairman and CEO of News Corporation from 1980 to 2013. He was also the executive chairman of News Corp from 2013 to present, chairman and CEO of 21st Century Fox from 2013 to 2015, and executive co-chairman of 21st Century Fox from 2015 to 2019.
Notably, he has also served as the acting CEO of Fox News between 2016 and 2018 and its chairman since then until his resignation in 2019. Murdoch is the father of six children, including Prudence and Elisabeth.
How did Rupert Murdoch make his money?
Here are the key steps that have contributed to Rupert Murdoch's immense wealth:
News Corporation
Rupert founded News Corporation 1980, one of the world's largest media conglomerates. With various publications and television channels across the globe, including Fox Broadcasting Company, The Wall Street Journal, and Sky T.V., his company has amassed enormous profits over the years.
Murdoch's relentless acquisition expanded News Corp into the world's largest media company.
Dow Jones and News Corp. Merger
With the merger of News Corp. and Dow Jones in 2007, which included The Wall Street Journal, Murdoch's media empire was significantly strengthened. This merger allowed Murdoch to increase his influence in American media circles and guarantee long-term profits for News Corp.
Acquisition of Sky Television
Murdoch made one of his most lucrative investments when he acquired a controlling stake in Sky Television, Europe's largest satellite broadcaster. Through this acquisition, Murdoch increased the reach and influence of News Corp. while also gaining access to valuable profits from pay-tv subscriptions.
Murdoch has also used the platform to launch several television channels, including Fox News and Sky Sports.
Sale of Television Channels and Newspapers
As a strong businessperson, Rupert Murdoch has also realized gains from selling his newspapers and television channels. In 2017 alone, he sold 21st Century Fox for over $71 billion to Disney, which included News and the F.X. Networks.
He has also sold several newspapers, including The Wall Street Journal and The New York Post, allowing him to capitalize on his investments in the media industry.
Murdoch's Interest in Yachting
Murdoch has an extensive portfolio of luxury yachts. He has invested in several high-end vessels, including the Rosehearty and the Voyager III, estimated to be worth hundreds of millions combined.
These vessels have served as floating homes for the Murdoch family and have provided them with a luxurious lifestyle.
Inheritance from Murdoch's Father
Murdoch's success can also be attributed to the inheritance he received from his father when he died in 1952. Rupert was only 22, yet he inherited a small Adelaide newspaper called The News.
This allowed him to start in the media business and set himself up for future success. He acquired several newspapers in Australia and New Zealand before expanding his reach into other countries.
These acquisitions paved the way for Rupert Murdoch to establish News Corporation and amass enormous wealth eventually.
Investment in the Film Industry
Rupert Murdoch has invested heavily in the film industry as part of his overall media strategy. He owns 20th Century Fox and its associated studios which have produced some of the biggest blockbusters in recent years. This allowed him to diversify his portfolio further and reap the profits from these highly lucrative investments.
Acquisition of HarperCollins and Warner Music
So much of Rupert Murdoch's success has been fueled by his acquisitions. He acquired HarperCollins, one of the world's largest publishers of books, as well as Warner Music Group, a global leader in recorded music.
These acquisitions have allowed him to expand his empire and ensure long-term profits for his company.
Murdoch's Interest in Media Empires
Rupert Murdoch has long been interested in creating media empires at home and abroad. Through his investments in newspapers, television stations, and film studios, he has been able to leverage the power of the media for his gain.
He has used these platforms to increase his influence politically and financially, ensuring that News Corp remains at the forefront of global media. This has allowed him to expand his power while providing a steady income stream for himself and his business.
Murdoch's Interest in the Internet
As technology has advanced and digital media has become more prominent, Rupert Murdoch has become increasingly interested in the internet. He owns several digital properties, including The Sun, The Times, and News Corp websites, enabling him to extend his reach further.
These critical steps have contributed to Rupert Murdoch's immense wealth and power as a media mogul. His astute investments and acquisitions have allowed him to create an empire that spans the globe and influences media internationally.
What media companies does Rupert Murdoch own?
If you are interested in the media empires of Rupert Murdoch, there are numerous companies that he owns or has invested in. Here are ten of the most prominent ones:
#1: News Corp
This media company was founded by Rupert Murdoch in 1980 and is now an international conglomerate with many different properties, including newspapers, magazines, book publishing, and television broadcasting.
It owns several significant publications such as The Wall Street Journal, The Times of London, and HarperCollins.
#2: 21st Century Fox
As a part of the News Corp, Murdoch's 21st Century Fox is the media subsidiary that owns many popular television networks such as FOX, F.X., and National Geographic. It also produces films, animation, and other content for studios like 20th Century Fox.
#3: News Corp Australia
Rupert Murdoch's media empire in Australia, News Corp Australia, publishes newspapers and magazines, operates radio networks, produces television programs, and owns various other media businesses.
#4: Fox Corporation
Formed in 2019, Fox's split into two publicly traded companies. Fox Corporation and The Walt Disney Company. Fox Corporation owns many of the properties that were part of the original 21st Century Fox, including the Fox television network, national sports networks such as FS1 and FS2, and some additional cable channels like Fox News Channel.
#5: Dow Jones & Company
Dow Jones & Company is the publisher of the world-renowned Wall Street Journal and many other financial publications. It was acquired by News Corporation in 2007, and Murdoch remains its largest shareholder.
#6: HarperCollins
One of the world's largest book publishers, HarperCollins, was acquired by News Corporation in 1989. It is now a division of News Corp. It publishes print and digital books under its imprints and other media content such as audiobooks, magazines, newspapers, and more.
#7: Fox Television Group
Murdoch's Fox Television Group is a major television production house responsible for some of the most popular shows on television, like The Simpsons, Glee, and American Idol. It also owns networks like Fox Broadcasting Company, F.X., and more.
#8: Fox News Channel
Under the Fox Television Group umbrella, Murdoch also owns the Fox News Channel, a major cable news outlet. It has become one of the most powerful news outlets in recent years, covering various topics from politics to entertainment.
#9: Fox Sports
Fox Sports is the sports media division of Murdoch's empire. It has networks such as Fox Sports 1 and Fox Sports 2, which broadcast live sports coverage worldwide.
#10: Sky plc
Sky plc is a British satellite broadcasting company Murdoch acquired in 1983 and has remained its largest shareholder ever since. It broadcasts to over 23 million subscribers across five European countries and provides them access to hundreds of entertainment, news, and sports content channels.
Rupert Murdoch's media empire is vast and diverse, owning and investing in numerous companies worldwide. By understanding these different entities, you can gain insight into the scope of his power and influence.
FAQ
What is Rupert Murdoch's current net worth?
Rupert Murdoch's current net worth is estimated to be $17.5 billion.
How did Rupert Murdoch make his fortune?
Rupert Murdoch made his fortune through the media empires he has established over the years, including News Corporation, 21st Century Fox, Fox Corporation, and other publishing and broadcasting companies.
He has also amassed a large amount of wealth through investments in various industries. He is a significant shareholder in many companies, including Dow Jones & Company, HarperCollins Publishers, Sky plc, and Fox News Channel.
What companies does Rupert Murdoch own?
With such investments and acquisitions, Rupert Murdoch owns News Corp, 21st Century Fox, News Corp, Dow Jones & Company, HarperCollins, Fox Group, News Channel, Fox Sports, and Sky Plc.
How did Rupert Murdoch acquire News Corp?
In 1980, Rupert Murdoch acquired News Corp after taking control of The Adelaide News from his late father in 1952. He then created a global media empire with many properties, including newspapers, magazines, book publishing, and television broadcasting.
What are some of Rupert Murdoch's investments?
Rupert Murdoch has invested in various industries, including the media, technology, and entertainment sectors. He is a significant shareholder in companies such as Fox Corporation, 21st Century Fox, The Walt Disney Company, Dow Jones & Company, HarperCollins Publishers, Sky plc, and Fox News Channel.
He is also an investor in many start-up companies. In addition, Murdoch has invested heavily in real estate and has owned properties worldwide, including vineyards, farms, ranches, and other investments.
How has Rupert Murdoch been involved in a media scandal?
Rupert Murdoch and News Corporation have been involved in media scandals, including phone hacking and bribery allegations.
What is Rupert Murdoch's citizenship?
Rupert Murdoch is an Australian citizen with both American and British citizenship.
How many media outlets does Rupert Murdoch own?
Rupert owns numerous media outlets, principally through his ownership of News Corporation and 21st Century Fox. These companies own multiple television networks, publishing houses, film studios, and other digital media companies.
Where does Rupert Murdoch reside?
In 1985, Murdoch, based in New York City, naturalized as a citizen of the United States after staying here since 1974. He also has homes in Australia, London, and other locations worldwide.
Takeaway
Rupert Murdoch's success story is incredible and a reminder that you can achieve the extraordinary with relentless ambition. He has created a media empire that will surely leave its mark on the world, but his success can be something other than an attainable dream for you.
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