Who is Lachlan Murdoch: Biography, Wife, Children and Net Worth
|Lachlan Murdoch Biography, Personal Life|
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Lachlan Murdoch, the eldest son of Rupert Murdoch, has been declared the official successor to his father's enormous media empire, ending years of rumors about who would inherit the Murdoch empire.
One of the most influential media moguls of the modern era, Rupert Murdoch, 92, is handing over leadership of Fox Corporation and News Corporation to his 52-year-old son.
After years of co-chairing the business with his father, Lachlan will now be the sole chairman of both Fox and News. The senior Murdoch will remain a chairman emeritus on the boards.
Lachlan Murdoch: Biography, Early Life, Education
Birth name: Lachlan Keith Murdoch
Birthday: 08 September 1971
Lachlan On September 8, 1971, Keith Murdoch was born. In Wimbledon, England, he was born. He is a media heir and businessman of British and American descent. The eldest child of media mogul Rupert Murdoch and his former spouse, the Scottish author and journalist Anna Maria dePeyster, is Lachlan.
He was born and raised in the United States, moving to Australia for a significant portion of his adult life.
He was born and raised in New York and went to a number of private schools before enrolling at Princeton University to study philosophy. He started working for his father right away, managing newspapers in Australia and the United States before being named the deputy chief operating officer at News Corp. (the No. 3 position) in 1997.
Lachlan Murdoch: Career
Over time, his brother James and sister Elisabeth were also considered potential candidates for the top position. It is well known that the family served as a source of inspiration for the creators of the popular HBO series "Succession."
In 2005, Lachlan left Fox News following a dispute with Roger Ailes, who was the company's boss at the time, and founded an Australian investment company that made investments in media and advertising businesses. He returned, though, believing his father needed his assistance during the time following the phone hacking scandal and his father's divorce in 2014.
In 2015, Rupert appointed James and Lachlan, two of his sons, as co-chairmen of the movie studio 21st Century Fox. A 2017 New York Times article claimed that the brothers were attempting to change the culture to make it more open and inclusive for the staff. James, however, resigned in 2019 after Disney purchased the business. James stated in his letter of resignation that he was quitting "due to disagreements over certain other strategic decisions."
Lachlan Murdoch: Wife and Children
On a country estate in Cavan Station, New South Wales, 15 miles southwest of Yass, Lachlan Murdoch wed model Sarah O'Hare in 1999. Collette Dinnigan, an Australian designer who was present at the wedding, created the gown Sarah, Lachlan's bride, wore.
Baz Luhrmann, a director, Lachlan's parents Anna and Rupert Murdoch, and Sarah's parents Carol and Patrick O'Hare were also in attendance.
Three children—son Kalan Alexander, son Aidan Patrick, and daughter Aerin Elisabeth—were born to Lachlan and Sarah. The family moved from Los Angeles to Sydney in 2021.
Murdoch's family has also gained notoriety over the years, accompanied by tales of retaliatory business practices and intra-family conflicts.
|Lachlan Murdoch and his Wife Sarah|
Aerin Elisabeth was born on April 12, 2010, and Lachlan's daughter Kalan Alexander was born on November 9, 2004, Aidan Patrick on May 6, and one son on November 9, 2004.
Australian model Sarah Murdoch is 50 years old. Born in London, England, on May 31, 1972, Sarah O'Hare is best known for serving as the National Breast Cancer Foundation's patron from 1989 to the present.
Both couples have lovely children and are enjoying their happy marriages. Alexander, Elisabeth, and Aidan are incredibly grateful for their loving parents.
Lachlan Murdoch, CEO of Fox, will be 50 years old in 2022. Earlier this year, the businessman and his wife flew on a private jet to Australia.
For 23 years, Sarah and Lachlan Murdoch have been wed. After meeting in 1998, they dated for a year before getting married on May 27, 1999.
Lachlan Murdoch: Net Worth
Lachlan recently ranked 33rd on the Australian Financial Review's list of the richest citizens of the nation with a total net worth of $2.1 billion (A$3.35 billion).
"Lachlan Murdoch is one step closer to adding a new $150 million superyacht to his collection of luxury vessels," The Daily Mail reported in March 2023.The article continues, "Mr. Murdoch is an enthusiastic sailor, having entered the Sydney to Hobart in 1997 and raced his 24-meter sail yacht Swan 82, Ipixuna, at Hamilton Island in early 2021."
According to Fox Corporation's public filings, Lachlan's base salary for the fiscal year 2022 was $3 million, per Business Insider. His overall pay for the fiscal year 2022 was $21,748,681. His total compensation increased to $27,675,399 in 2021.
Complicated relationship with Donald Trump
In the future leadership of Fox News, Lachlan Murdoch will have to navigate this news agency's "warm and cold" relationship with former US President Donald Trump.
Mr. Trump has appeared on Fox News countless times but also continuously criticized this news outlet and praised rival channels.
Earlier this year, Fox settled a defamation lawsuit against voting machine maker Dominion for $787.5 million. Dominion has accused Fox News of helping spread Trump's baseless rumors about fraud in the 2020 election, harming its business. And Fox still faces a similar lawsuit from another voting technology company, Smartmatic.
Lachlan Murdoch has made few public statements about Mr Trump or his own political views, but Mr Manning, the biographer, said it was "no secret" that he and his father were not big fans of Trump. Tomb of former US President.
“But if Republicans unite behind Trump as the candidate next year, Fox News will have no choice but to support him,” he said.
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