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Rupert Murdoch - Newspaper and media entrepreneur, heading the News Corporation company with media interests worldwide.
See also : Wendi Deng
Billionaire Australian, American publishing magnate. He is a major shareholder and managing director of News Corporation, one of the world’s largest and most influential media corporations, and owner of some of Australia, America and Britain’s most popular media and news publications.
Rupert Murdoch was born in Melbourne, Australia on March 11, 1931. In 1937 he moved to Britain where he was raised and eventually attended Oxford University.
His father Sir Keith Murdoch became Australia's most influential newspaper executive, directing the Melbourne-based Herald and Weekly Times Ltd. After his father’s death in 1952, Rupert returned to Australia to take over the running of his business and to inherit a considerable fortune but was left with a relatively modest inheritance.
During the next few years he established himself in the media arena while expanding his holdings acquiring newspapers including the Sydney afternoon paper, The Daily Mirror and also a small Sydney based recording company called Festival Records. In 1964 Murdoch started The Australian, Australia's first national daily newspaper, which renewed Murdoch’s name as a quality newspaper publisher.
Murdoch moved to Britain in the mid 1960s and soon turned himself into a major media force after acquiring the News of the World, The Sun, The Times and The Sunday Times. At this time Murdoch was also able to acquire leading newspapers and magazines in London and New York, as well as many other media holdings.
In 1972 he acquired the Sydney Daily Telegraph making him one of the big three Australian newspaper proprietors. In 1987 he bought The Herald and Weekly Times Ltd in Australia, the very company his father once managed. By 1991 News Corporation had amassed huge debts which resulted in Murdoch selling many of his American magazines.
In 1995 News Corporation with the backing of Telstra launched the Foxtel pay TV network in Australia, and then a year later Foxtel launched the Fox News Channel, a 24 hour news channel which reflected Murdoch's conservative views. Fox News has consistently taken ratings from CNN and is now considered the most watched cable news channel.
In 1999 Murdoch extended his music interests in Australia by acquiring Mushroom Records which he merged with his Festival Records company as Festival Mushroom Records (FMR). In recent years Rupert Murdoch’s son Lachlan Murdoch has started to take over management of News Corporation and will eventually take over his father’s role.
Murdoch’s personal life has suffered 2 failed marriages with his first marriage ending after only a few years. His second marriage was to journalist Anna Murdoch one of his employee’s to whom he had 3 children. However they were divorced in 1998 after Murdoch had an affair with another employee, Wendi Deng who was 40 years his junior, they married soon afterwards. Rupert Murdoch’s net worth is estimated at 6.9 billion.
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