Rupert Murdoch is an Australian- born American Media Mogul. Murdoch’s career in media began after his father’s death in 1952 creating his own private limited company declining to join his late father’s registered public limited company. Keep reading to know more about Rupert Murdoch’s net worth in 2018.
Rupert Murdoch known as Keith Rupert Murdoch was born on 11th March 1931 in Melbourne, Australia. Murdoch attended Geelong Grammar School and studied Philosophy, Politics and Economics at Worcester College, Oxford in England where he supported the Labour Party, and it is noteworthy that he managed Oxford Student Publications Limited, the publishing house of Cherwell. It is significant to know that Murdoch took his school cricket team to the National Junior Finals.
When Murdoch was 21, he returned from Oxford to take over his father’s business News Limited and brought it to a major success. He chose the major acquisition and expansion and bought the Sunday Times in 1956. He was known for ‘inventing the modern tabloid’ as he developed an extraordinary pattern for his newspapers adopting eye-catching headlines with increased sports news and scandal coverage at large.
Being in media, his political activities in various countries like Australia and the United Kingdom were governing in coalition. Murdock entered the British newspaper in 1968 with major acquisition ‘The Sun.’ This was changed to tabloid format with cost reduction. It is noted that during the 1980s and 1990s all his publications were generally supportive to Britain’s Prime Minister Margaret Thatcher post the era of Thatcher, his support was shifted to Tony Blair, leader of the labour party. This relationship between Blair and Murdoch made them to get into deep discussions on national policies and political issue in Britain.
Awards & Achievements
Murdoch is the recipient of Companion of the Order of Australia in 1984. His achievements are greater compared to his awards. Most of the major acquisitions by him, which was then proceeded, greatly with an excellent source of change and getting highlighted further with plenty of reviews is a great achievement of Murdoch. His active nature in the school made him to take his school cricket team to National Junior Finals.
Net Worth of Rupert Murdoch
The estimated net worth of Rupert Murdoch is $13.5 billion with his earnings ranging to $8.3 billion. The value of Murdoch’s Toyota Lexus GS450H is $54,000. His total asset ranges to $28,800,000 while his salary ranges to $28,900,000. Murdoch’s Fox News generated $700 million in operating profit in 2010. Most of the acquisitions by Murdoch made him increase his earnings constantly, and it is notable that $673 million purchase of daughter Elisabeth’s Production Company in February made his dream to get accomplished for Murdoch Dynasty.
Rupert Murdoch is subjecting to various scandals in the years, his attitude towards work and accomplishing his dreams were brilliant and exceptional with his tremendous and overwhelming ideas for media and newspapers. His idea of ruling out the new modeling of newspapers with the tabloid format is never accustomed before, and it captured many hearts with its compact nature. Murdoch is a great example for doing a simple thing differently.