Connect with us

Biography

Lachlan Murdoch Net Worth 2023: Unveiling The Wealth Of The New Chairman Of Fox and News Corp

Published

on

Lachlan Murdoch Net Worth 2023: Unveiling The Wealth Of The New Chairman Of Fox and News Corp

Lachlan Keith Murdoch is the eldest son of media baron Rupert Murdoch from his former wife Scottish journalist and author Anna Maria dePeyster, Lachlan Murdoch was born on 8 September 1971 at Wimbledon Hospital in Wimbledon, London.

He holds the position of executive chairman of Nova Entertainment. He is also the chairman of News Corp, the executive chairman and CEO of Fox Corporation and founded the Australian investment company Illyria Pty Ltd.

Lachlan Keith Murdoch was brought up in New York City and completed his primary and secondary education at multiple schools including Aspen Country Day School in Aspen, Colorado, Trinity School in New York City, and at Phillips Academy in Andover, Massachusetts.

Advertisement

He graduated in philosophy from Princeton University and his classmates were Béatrice Longuenesse and Alan Hajek.

Lachlan Murdoch’s Career So Far

His career started when he was only 18 years old when his father Rupert Murdoch brought him to Australia. He trained for three months at Daily Mirror. His real test came when at 22 Lachlan was appointed the general manager of Queensland Newspapers, the publisher of Brisbane’s Courier-Mail.

Lachlan Murdoch Net Worth

Within a year he started publishing ‘The Australian’ which was the first Australian national newspaper. In 1995 he was appointed the deputy CEO of News Limited. In 1996 he donned the role of executive director of News Corporation and subsequently deputy chief operating officer in 2000. He is also the chairman of STAR since 1995.

He met Australian businessman James Packer, who is the son of Kerry Packer who encouraged him to invest in One.Tel which was a start-up telecommunications company.

He received a lot of flak when News Corporation’s multi-hundred-million-dollar investment was made in the startup company.

Advertisement

However, things turned nasty, and the start-up One.Tel tanked and finally in April 2014, Murdoch and Packer agreed to an A$40 million settlement which was approved by the Supreme Court of New South Wales.

The breakup of the settlement was as follows-

  • A$14.93 million to be paid by the Packer family’s Consolidated Press Holdings
  • A$11.77 million paid by Packer’s Crown Resorts
  • A$13.3 million to be paid by News Corp
  • Sudden Exit From News Corp

In July 2005 Lachlan Keith Murdoch quit as an executive at the News Corp. unexpectedly. No reason was given for this abrupt decision and the move also dashed the hope of Rupert Murdoch that his eldest son would take over the CEO post of the huge media empire which included the Twentieth Century Fox movie studio, Fox television network, several satellite broadcasters, and newspapers in Britain, Australia, and the United States.

Also Read: Jeff Duncan Net Worth 2023: Here’s How Much Fortune South Carolina Congressman Holds

Advertisement

Private investment activities

After quitting News Corp Lachlan created an Australian investment entity named Illyria Pty Ltd. The investment company has varied interests and made a number of investments including Indian Premier League (IPL) cricket team Rajasthan Royals, online DVD rental company Quickflix, toy marketer Funtastic, and digital media company Destra.

In January 2008 Murdoch and James Packer unveiled a plan to privatize the publicly-listed Consolidated Media Holdings.

Lachlan Murdoch Net Worth

The deal worth a whopping A$3.3 billion will enable both Murdoch and Packer to the stakes in LLC and PBL Media, Universal Media Firm, Fox Sports, and Foxtel.

However things didn’t go as planned and eventually Packer sold his stakes and the deal with Murdoch came to an end.

Advertisement

Lachlan Murdoch Taking On As The New Chairman Of Fox and News Corp

Lachlan Murdoch is now going to handle the affairs at News Corp and Fox and will be the sole in charge of the media houses.

Murdoch is not new to this role and has for years guided the media behemoths with astute decision-making and augmenting the coffers with crucial and profitable deals for the companies.

An announcement to this effect was made by Fox and News Corp on Thursday which said that Rupert Murdoch who had been managing the affairs of the giant media behemoths will don the role of chairman emeritus of both companies.

Advertisement

This makes the 52-year-old Lachlan the sole chair of News Corp and the executive chair and chief executive of Fox.

Lachlan had earlier held the position of a co-chair for News Corp for nine years and also had a brief stint as publisher of the New York Post and four years as the CEO of Fox.

Also Read: Bob Menendez Net Worth 2023: Exploring The Wealth of The US Senator Amid Bribery Allegations

Advertisement

How Much Is Lachlan Murdoch’s Net Worth In 2023?

Lachlan Murdoch’s Net Worth as per Forbes is to the tune of $4.8 Billion and this includes an annual income of $360 million, stock portfolio of $1 Billion, inheritance of $2.9 billion, and cash in bank.

Wiki Biodata

Born8 September 1971 (age 52)
Place Of BirthLondon, England
NationalityAustralia, United Kingdom, United States
EducationPrinceton University (BA)
Occupation(s)Executive chairman, Nova EntertainmentExecutive, chairman and CEO, Fox Corporation, Co-chairman, News  Corp
SpouseSarah O’Hare
Children3
ParentsRupert Murdoch (father), Anna Maria Torv (mother)
Net Worth$4.8 Billion

FAQs

Who is Lachlan Keith Murdoch?

Lachlan Keith Murdoch is the eldest son of media mogul Rupert Murdoch and Anna Maria dePeyster. He holds various positions in media and business.

What happened with Lachlan Murdoch’s investment in One.Tel?

Lachlan Murdoch and James Packer invested in One.Tel, a telecommunications startup. However, it faced difficulties, resulting in a settlement of A$40 million.

Advertisement

What is Lachlan Murdoch’s estimated net worth?

Lachlan Murdoch’s estimated net worth is approximately $4.8 billion.

How did Lachlan Murdoch accumulate his net worth?

Lachlan Murdoch’s net worth comes from various sources, including his positions in media companies like Fox Corporation and News Corp, investments in businesses like One.Tel, and his inheritance.

Is Lachlan Murdoch one of the wealthiest individuals in the media industry?

Yes, Lachlan Murdoch is considered one of the wealthy figures in the media industry, with a significant net worth and a history of leadership in major media companies.

Advertisement

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

Business

Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Published

on

Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Who is Mona Patel?

Mona Patel, a renowned entrepreneur and philanthropist, has captured headlines with her remarkable achievements. Hailing from Vadodara, Gujarat, India, Patel embarked on her journey to the United States at a young age to pursue her entrepreneurial aspirations. She is a trailblazer in various fields, including business, education, and philanthropy. Her dedication to empowering women and supporting meaningful causes has earned her widespread recognition.

Mona Patel Career

Remarkable achievements and relentless dedication mark Patel’s career trajectory. She holds an impressive array of qualifications, including a Bachelor of Science degree in Computer Science from Gujarat University, a Master of Science degree in Real Estate and Finance from the University of Florida, and a Master’s degree in Business Administration from MIT Sloan School of Management, among others.

Her professional journey includes pivotal roles in esteemed organizations such as Creative Choice Group, Select Radiology, Monalisa Properties, Teliradx, HauteX Ventures, M1 Imaging, CareFirst Imaging, Culture For Cause, and RadXai. As the Co-Founder, CEO, and CFO of various ventures, Patel has demonstrated exemplary leadership and innovation, contributing significantly to the business landscape.

Advertisement

Mona Patel’s Net Worth

As of 2024, Mona Patel’s net worth is estimated to be approximately $1.2 billion. This substantial wealth is a testament to her entrepreneurial acumen and strategic investments across diverse sectors. Patel’s multifaceted business ventures have not only propelled her financial success but also enabled her to make a meaningful impact on society through philanthropy and social initiatives.

Mona Patel Age

Born on April 28th, Mona Patel’s age aligns with her dynamic personality and visionary leadership. As a Taurus by zodiac sign, she embodies qualities of determination, resilience, and creativity, which have been instrumental in her journey to success.

Mona Patel Family: Husband

In her personal life, Mona Patel shares a fulfilling relationship with her husband, Chintan Desai, a successful businessman. The couple exchanged vows on November 29th, 2007, and their enduring bond is evident through their cherished moments shared on social media.

Advertisement

Mona Patel Height and Weight

While specific details regarding Mona Patel’s height and weight are not readily available, her towering achievements in business and philanthropy speak volumes about her stature as a dynamic leader and role model.

Also Read: Charlotte Tilbury Net Worth 2024: How Much is the Entrepreneur and Make-up Artist Worth?

Advertisement
Continue Reading

Net Worth

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Published

on

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Who is David Yong?

David Yong is the CEO of Evergreen Group Holdings, a prominent Singaporean businessman, lawyer, and K-pop artist. He owns over fifteen firms spanning various industries, including wood, real estate, food and beverage, lifestyle, and finance.

David Yong Career:

Yong began his career as a trainee lawyer before joining his family’s firm in 2014. He oversees over fifteen companies, diversifying his father’s company with a strong focus on the Indochina region under the corporate umbrella of Evergreen Assets Management.

David Yong’s Net Worth:

David Yong’s estimated net worth in 2024 is $16.7 million. His wealth stems from reported shares across multiple companies, including Processa Pharmaceuticals, Inc., and QUESTCOR PHARMACEUTICALS INC. He also owns fifteen homes in Asia and holds $90 million in cash.

Advertisement

David Yong Age:

David Yong is 36 years old.

David Yong Family: Parents:

Yong’s father is Yong Ing Fatt, who laid the foundation for the family’s timber logging business in Indochina. David followed his father on business trips and learned the ropes of the industry from a young age.

David Yong Height and Weight:

There is no specific information provided regarding David Yong’s height and weight in the referenced content.

Advertisement

Also Read: Charlotte Tilbury Net Worth 2024: How Much is the Entrepreneur and Make-up Artist Worth?

Continue Reading

Net Worth

Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

Published

on

Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

Who is Mohammed bin Salman Al Saud?

Mohammed bin Salman, born on August 31, 1985, in Jeddah, Saudi Arabia, is the Crown Prince and Prime Minister of Saudi Arabia. He holds significant global influence and is known for his authoritative leadership stance.

Mohammed bin Salman Al Saud’s Career

Mohammed bin Salman’s career trajectory is notable. He graduated with a Bachelor’s Degree in Law and ventured into various entrepreneurial endeavors before becoming a formal advisor to his father, who was then the governor of Riyadh. Over the years, he ascended through political ranks, eventually becoming the Crown Prince and Prime Minister of Saudi Arabia.

Mohammed bin Salman Al Saud’s Net Worth

Mohammed bin Salman’s net worth has been a topic of interest and contention. While figures vary, estimates suggest his net worth is in the billions, with some sources citing figures around $5 billion and others suggesting figures exceeding $25 billion.

Advertisement

Mohammed bin Salman Al Saud Age

As of 2024, Mohammed bin Salman is 39 years old, born on August 31, 1985, in Jeddah, Saudi Arabia.

Mohammed bin Salman Al Saud Family: Wife and Children

Mohammed bin Salman is married to Sara Bint Mashoor bin Abdul Aziz Al Saud, with whom he shares five children—three sons and two daughters. His family holds significant positions within the Saudi royal lineage, with Sara Bint Mashoor’s heritage tracing back to King Abdulaziz.

Mohammed bin Salman Al Saud Height and Weight

Mohammed bin Salman stands at a height of 6 feet 0 inches (183 cm), earning him the affectionate nickname “The Tallest” among his contemporaries. However, specific details about his weight are currently unavailable.

Advertisement

Also Read: Charlotte Tilbury Net Worth 2024: How Much is the Entrepreneur and Make-up Artist Worth?

Continue Reading

Trending

This will close in 5 seconds