Lachlan Murdoch, a powerful player in the media, has an astounding net worth that reflects his important position in the entertainment and journalism industries. Rupert Murdoch’s eldest son, Lachlan Murdoch, has carried on and expanded upon a significant family legacy.
He has held important positions at News Corporation and 21st Century Fox throughout the course of a multidecade career, building riches through media investments, television networks, and literary endeavours. Lachlan is now one of the most well-known and wealthy individuals in the media conglomerate scene thanks to his sharp business sense and strategic vision.
Lachlan Murdoch Net Worth
Lachlan Murdoch has an outstanding net worth of $2.7 billion. He didn’t merely inherit his riches; he also worked hard to build it through NOVA Entertainment and important roles in News Corp. and Fox Corporation. Rupert Murdoch left his posts at Fox Corporation and News Corp in 2023, elevating Lachlan to the status of one of the media’s most powerful figures.
Lachlan Murdoch Early Life and Education
The eldest child of media mogul Rupert Murdoch and his ex-wife Anna Maria, Lachlan Murdoch was born in London, England, on September 8, 1971. His father owned the New York Post, and he was raised in New York City.
Murdoch attended the Phillips Academy in Andover, Massachusetts, the Trinity School in New York City, and the Aspen Country Day School in Colorado as a young student. He attended Princeton University for his higher education, where he earned a bachelor’s degree in philosophy in 1994.
Who is Lachlan Murdoch Married to and Does He Have Children?
On a country house in Cavan Station, 15 miles south of Yass, New South Wales, Lachlan Murdoch wed the fashion model Sarah O’Hare in 1999. Collette Dinnigan, an Australian fashion designer who was present at the wedding, made Sarah’s outfit, which she wore as Lachlan’s bride.
Lachlan and Rupert Murdoch’s children, Anna and Rupert, and Carol and Patrick O’Hare’s children attended the event as well. Filmmaker Baz Luhrmann was also present.
Sons Kalan Alexander and Aidan Patrick, as well as daughter Aerin Elisabeth, are the three children of Lachlan and Sarah. The family moved to Sydney in 2021 from Los Angeles.
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Lachlan Murdoch’s News Corp
Murdoch’s father took him to Australia in 1989 for three months of Daily Mirror training. He then became Queensland Newspapers general manager and Australian publisher in the early 1990s.
Murdoch became deputy CEO of News Limited in 1995 and executive director of News Corp. in 1996. He was News Corp’s senior executive vice president from 1999 to 2000 and deputy COO in 2000. Murdoch oversaw News Corp’s enormous investment in One.
Tel, which failed. He later invested heavily in the REA Group, which became Australia’s online real estate advertising leader. Murdoch was chairman of Fox television stations and a Foxtel board member at News Corp.
Murdoch abruptly resigned from News Corp in the summer of 2005, confusing his father and scuttling his succession plans. Fox News Channel head Roger Ailes took over News Corp’s television outlets.
Murdoch became News Corp and 21st Century Fox non-executive co-chairman in early 2014. He became 21st Century Fox executive chairman the following year. Murdoch became Fox Corporation chairman and CEO after Disney acquired it in 2019.
What Are His Beliefs About the Best Way to Organize the Economy?
Unlike James, Rupert and Lachlan both support the same right-wing causes. James left the board in 2020 “due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.”
Lachlan, who is usually press-shy, revealed in a furious speech last year that he is even more conservative than his father, according to The Daily Beast. He was named in the Dominion Voting Systems defamation action, which was brought for $1.6 billion and was resolved by Fox earlier this year for $787.5 million.
Who is Lachlan Murdoch and What Will Happen to Fox News?
The firms declared on Thursday that Lachlan Murdoch, the eldest son of media mogul Rupert Murdoch, had been named the only chairman of News Corp and will remain as the chair and CEO of Fox Corp. This resolved the succession question in one of the largest media conglomerates in the world for the time being.
The younger Murdoch will be in charge of powerful news organizations like Fox Sports, Fox Entertainment, the Wall Street Journal, Fox News, and the Sun in Australia, the United States, and the United Kingdom.
The 2016 memoir Making Headlines by Chris Mitchell, the longtime editor of The Australian, described “Lachlan’s conservatism is more vigorous than that of any Australian politician” and that his views were usually to the right of his father’s.
The New York Times reported that Lachlan Murdoch doesn’t speak publicly about his politics. Fox called it “just speculation,” adding that “it wouldn’t be fair to categorise him as a conservative.”
Fox’s loyalty to those viewers was a hot topic during the discovery of Dominion Voting Systems’ lawsuit against Fox, in which the voting technology firm claimed Fox lied about its voting machines to appease Trump supporters. Fox resolved the lawsuit for $787.5 million in April, barring Lachlan and his father from testifying.
Lachlan revealed in the weeks after the settlement that Fox had been reporting on newsworthy events and recommitted to Fox’s programming approach.
Rupert Murdoch built his legacy by pursuing television, movies, and newspapers with equal abandon, while Lachlan’s legacy is still evolving. He gets enthusiastic when talking about Tubi, an ad-supported streaming business the company bought for $440 million in 2020 and is now worth $3 billion, in investor calls.