Succession: Lachlan inherits Murdoch empire
Rupert Murdoch’s right-leaning son Lachlan is set to inherit the media empire built by the 94-year-old after a deal was struck for three politically more moderate siblings to sell their holdings in the business
Rupert Murdoch
Began business in 1952, taking over father’s Australian newspaper titles
Married four times, six children by three wives. “Irrevocable trust” established 1999 giving four eldest equal vote in Murdoch Family Trust
Lachlan Murdoch
Fox Corp CEO since 2019
Control of new family trust
James Murdoch Formerly
21st Century Fox CEO
Receives $1.1bn
Rupert
Murdoch Family Trust
SOLD
SOLD
SOLD
Prudence Macleod
Receives $1.1bn
Elisabeth Murdoch
Receives $1.1bn
Sale of 14.2m News Corp and 16.9m Fox Corp shares
HOLDINGS IN MURDOCH MEDIA EMPIRE
36%
33%
Non-voting beneficiaries of new trust
Grace Murdoch
Chloe Murdoch
Sources: Bloomberg, Reuters, ABC
Pictures: Getty Images
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