Rupert Murdoch Net Worth

What is Rupert Murdoch Net Worth?

Rupert Murdoch net worth is US$ 17.1 Billion as of Jan 2023.

Biography

Rupert Murdoch is a famous American businessman and billionaire. He is the owner of various media outlets. Rupert Murdoch owns multiple news and media outlets through the News Corporation company. He owns different newspaper and media companies, including The Wall Street Journal, New York Post, Fox Corporation, The Daily Telegraph, The Times, The Sun-Times, and Sky News. Rupert Murdoch is the son of the famous Australian Journalist Sir Keith Arthur Murdoch. He is the Chairman and CEO of the News Corporation. Rupert Murdoch is also the Chairman of the Fox Corporation. He is the 76^th wealthiest person in the world and has an estimated net worth of US$ 20,800 Mn as of 2022.

Timeline

Early Life

Rupert Murdoch was born in Melbourne, Australia, on March 11, 1931. He is the son of the famous Australian Journalist Sir Keith Arthur Murdoch. Rupert Murdoch is the second child among the four children of his parents. Rupert Murdoch got interested in Journalism at a young age. He studied at the Geelong Grammar School and was the co-editor of the Schools Journal. Later he studied Philosophy, Politics, and Economics at Worcester College. Rupert Murdoch also holds a Master of Arts degree. His father was the Chairman of the “Herald and Weekly Times.” Rupert Murdoch worked for the Melbourne Herald during his early career days. After the death of Rupert Murdoch’s father in 1952, he took over his father’s business. In 2007,

Career

Rupert Murdoch took over his father’s business in 1952 after his father’s death. He focused on “The News,” a newspaper in Australia. Later Rupert Murdoch started focusing on expanding the business. He acquired the “Sunday Times” in 1956 and the “Daily Mirror” in 1960. Rupert Murdoch brought many changes in the newspaper industry and also developed tabloids. He started focusing on adding eye-catching headlines to the newspapers.

Later in 1964, Rupert Murdoch acquired a newspaper named “The Dominion” in New Zealand. In the same year, he launched “The Australian” newspaper, Australia’s first-ever daily national newspaper. Rupert Murdoch acquired the UK-based “News of the World” newspaper in 1968. Later in 1972, Rupert Murdoch acquired “The Daily Telegraph” newspaper. He purchased the “San Antonio Express-News” and entered the United States Newspaper Industry in 1973.

In 1974, Rupert Murdoch founded Star Magazine. Followed by the acquisition of “The New York Post” in 1976. Rupert Murdoch founded News Corp in 1977 and is the company’s Executive Chairman. Later in 1982, he acquired the “Boston Herald” newspaper.

Rupert Murdoch bought the “TV Guide” in 1988. He received the “Companion of the Order of Australia” honor in 1984. Later he started expanding his music holdings by acquiring several music companies. Rupert Murdoch expanded his business internationally by acquiring various newspapers and media outlets in the United Kingdom, the United States, and various other countries. He became a citizen of the United States in 1985.

News Corporation and Twentieth Century Fox Film Corporation

News Corporation company acquired the Twentieth Century Fox Film Corporation in 1985. In 1987 Rupert Murdoch acquired “The Herald and Weekly Times Ltd.” News Corporation also acquired HarperCollins in 1989. In the same year, News Corporation launched Sky Television. In 2005, News Corporation acquired various companies.

Later, News Corporation acquired “The Wall Street Journal” in 2007. News Corporation owns various companies in several countries. News Corporation acquired the Dow Jones & Company in 2007. In 2013, Rupert Murdoch founded Twenty-First Century Fox. He served as the CEO and Chairman of the company from 2013-2015. Later in 2019, he founded the Fox Corporation.

Net Worth Growth

Rupert Murdoch has an estimated net worth of US$ 17.1 Billion as of 2023.

Highlights

• Rupert Murdoch took over his father’s business in 1952
• Rupert Murdoch launched “The Australian” newspaper, which was the first ever daily national newspaper in Australia in 1964
• Rupert Murdoch founded News Corp. in 1977
• Rupert Murdoch received the “Companion of the Order of Australia” honor in 1984
• Rupert Murdoch became a citizen of the United States in 1985

Favorite Quotes from Rupert Murdoch

“In motivating people, you’ve got to engage their minds and their hearts. I motivate people, I hope, by example – and perhaps by excitement, by having productive ideas to make others feel involved.” 

– Rupert Murdoch

“Great journalism will always attract readers. The words, pictures, and graphics that are the stuff of journalism have to be brilliantly packaged; they must feed the mind and move the heart.” 

– Rupert Murdoch

“You can’t build a strong corporation with a lot of committees and a board that has to be consulted every turn. You have to be able to make decisions on your own.”

– Rupert Murdoch

“When I hear something going wrong, I insist on it being put right.”

– Rupert Murdoch

“I try to keep in touch with the details… I also look at the product daily. That doesn’t mean you interfere, but it’s important occasionally to show the ability to be involved. It shows you understand what’s happening.”

– Rupert Murdoch

“It’s been a long career, and I’ve made some mistakes along the way.”

– Rupert Murdoch

“Money is not the motivating force. It’s nice to have money, but I don’t live high. What I enjoy is running the business.”

– Rupert Murdoch

“When you’re a catalyst for change, you make enemies – and I’m proud of the ones I’ve got.”

– Rupert Murdoch

Keys Life Lessons from Rupert Murdoch

We now know everything about Rupert Murdoch and his net worth. Let’s look at some of his lessons.

1. Improve Constantly

We should improvise constantly in life

2. Passion

One should follow their passion in life

3. Learn from Mistakes

We should learn from our mistakes

Frequently Asked Questions

Summary

Rupert Murdoch is a famous American businessman and billionaire. He is the Chairman and CEO of the News Corporation company and the Chairman of the Fox Corporation company. News Corporation and Fox Corporation are media and entertainment companies that own other companies globally. Rupert Murdoch was born in Melbourne, Australia, and became a citizen of the United States in 1985. He is the 76^th wealthiest person in the world. Rupert Murdoch’s father, Sir Keith Arthur Murdoch, was a famous Australian Journalist and the Chairman of the “Herald and Weekly Times.”

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