Rupert Murdoch Fights Three Kids Over His Media Empire To Ensure It Stays Conservative After He Dies
Billionaire media mogul Rupert Murdoch has been locked in a private legal battle with three of his children over the future of his empire.
For years, public intrigue has spread about what would happen to the Murdoch assets after Rupert’s death.
Forbes estimates show that the family’s vast empire is worth $19.5 billion.
The Murdoch family trust, which holds key voting shares in Fox Corp and News Corp, is at the center of this recent battle.
Rupert’s four eldest children – Lachlan, James, Elisabeth and Prudence Murdoch – share four votes in the trust equally.
But in late 2023, he filed a petition to amend the family trust, hoping to instead grant exclusive control to his oldest son and chosen successor, Lachlan, according to The New York Times.
Lachlan was closely aligned with his father for years and took over as chair of Fox Corp. and News Corp. in September 2023.
The...
For years, public intrigue has spread about what would happen to the Murdoch assets after Rupert’s death.
Forbes estimates show that the family’s vast empire is worth $19.5 billion.
The Murdoch family trust, which holds key voting shares in Fox Corp and News Corp, is at the center of this recent battle.
Rupert’s four eldest children – Lachlan, James, Elisabeth and Prudence Murdoch – share four votes in the trust equally.
But in late 2023, he filed a petition to amend the family trust, hoping to instead grant exclusive control to his oldest son and chosen successor, Lachlan, according to The New York Times.
Lachlan was closely aligned with his father for years and took over as chair of Fox Corp. and News Corp. in September 2023.
The...
- 7/26/2024
- by Alessio Atria
- Uinterview
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