Rupert Murdoch is an Australia born media mogul who serves commendable posts in media firms such as News Corp, News Limited, The Times and many such companies. He is considered as one of the most powerful newspaper tycoons all around the globe. This article will illuminate the net worth of Rupert Murdoch in 2018.
Early Life and Biography
Keith Rupert Murdoch was born on March 11, 1931, in Melbourne, Victoria, Australia. He is the son of Sir Keith Murdoch, an Australian journalist who was an editor and reporter of The Herald and Weekly Times. Murdoch has three sisters namely Janet Calvert-Jones, Anne Kantor and Helen Handbury. He attended the Geelong Grammar School and served as the co-editor of the school’s official journal The Corian and editor of If Revived. He earned a degree in Philosophy, Politics, and Economics at the Worcester College in England and managed the Oxford Students Publications Limited.
Rupert was married to Patricia Booker from 1956 to 1967. The couple has a daughter Prudence born in 1958, who is a board member of the Times Newspaper Limited. Murdoch was then married to Anna Maria Torv from 1967 to 1999. The couple has three children namely, Elisabeth Murdoch, Lachlan Murdoch, and James Murdoch. Rupert paid a settlement of with assets worth of $1.2 billion to Anna after the divorce.
In 1999, at the age of 68, Rupert married Wendi Deng who was 30 by that time. The couple has two daughters Grace and Chloe and Rupert filed a divorce from Deng in 2013. Rupert currently lives with his fourth wife Jerry Hall, whom he married in 2016 at Spencer House in London.
Career, Awards & Achievements
Rupert turned the Adelaide newspaper The News, a main asset of the News Limited and achieved success with the newspaper. He went on to buy many other newspaper firms such as Sunday Times and The Daily Mirror along with a few local firms. He established his empire over the land of Australia and New Zealand from the 1950s to 1960s before placing his foot in the United Kingdom with the acquisition of News of the World in 1968.
In 1969, he purchased the Sun and transferred it into a tabloid format. He bought the Times and Sunday Times in 1981 before introducing electronic production of his newspapers in 1986. By this time he had newspaper firms in Australia, United Kingdom, and the United States.
He invaded the United States’ newspaper industry through the purchase of San Antonio Express-News in 1973 followed by the purchase of New York Post in 1976. His News Corp currently owns the assets of firms such as Foxtel (50%), Fox Sports Pty Limited, Australian News Channel, The Sun, The Times, The Sunday Times, Wall Street Journal and many more. He was honoured with the Knight Commander of the Order of Saint Gregory the Great (KSG) by Pope John Paul II in 1998.
According to Terry Flow, a professor at Media and Communications at the Queensland University of Technology, in 2011, 23% of Australian Newspapers were owned by Murdoch. It was also said that 17.3 million copies of his newspapers were sold weekly in 2011. Former Australian PM Tony Abbott in 2015 said that Rupert had more impact on the wider world than any other Australian.
Net Worth & Earnings
Forbes ranked him as the 35th most powerful person in the world in 2016. The magazine also listed him as the 34th richest person in the US and 96th in the world with a net worth of $13.1 billion in 2017. As of now, his current net worth is estimated at around $20 billion.
Establishing an empire all over the globe in any field is not a joke, it takes great determination, talent, and hard work with wise decision-making skills. The life and achievements of Rupert Murdoch is one such example for it, and the 87-year-old newspaper magnate serves as an inspiration for youngsters who aspire to glow in the field of business for more than five decades.