Keith Rupert Murdoch /ˈmɜːrdɒk/, AC, KCSG (born 11 March 1931) is an Australian-born American media mogul. His father, Keith Murdoch, had been a reporter, editor, and senior executive of the Herald and Weekly Times newspaper publishing company, covering all Australian states except New South Wales. After his father’s death in 1952, Murdoch declined to join his late father’s registered public company and created his own private company, News Limited. Murdoch thus had full control as Chairman and CEO of global media holding company News Corporation, now the world’s second-largest media conglomerate, and its successors, News Corp and 21st Century Fox, after the conglomerate split on 28 June 2013.
In the 1950s and 1960s, Murdoch acquired a number of newspapers in Australia and New Zealand, before expanding into the United Kingdom in 1969, taking over the News of the World, followed closely by The Sun. Murdoch moved to New York City in 1974, to expand into the U.S. market; however, he retained interests in Australia and Britain. In 1981, Murdoch bought The Times, his first British broadsheet, and became a naturalized U.S. citizen (and as a result, gave up Australian citizenship) in 1985 to satisfy the legal requirement for U.S. television ownership.
In 1986, keen to adopt newer electronic publishing technologies, Murdoch consolidated his UK printing operations in Wapping, causing bitter industrial disputes. Murdoch’s News Corporation acquired Twentieth Century Fox (1985), HarperCollins (1989), and The Wall Street Journal (2007). Murdoch formed the British broadcaster BSkyB in 1990, and during the 1990s expanded into Asian networks and South American television. By 2000, Murdoch’s News Corporation owned over 800 companies in more than 50 countries, with a net worth of over $5 billion.
In July 2011, Murdoch faced allegations that his companies, including the News of the World, owned by News Corporation, had been regularly hacking the phones of celebrities, royalty, and public citizens. Murdoch faces police and government investigations into bribery and corruption by the British government and FBI investigations in the U.S. On 21 July 2012, Murdoch resigned as a director of News International. On 1 July 2015, Murdoch left his post as CEO of 21st Century Fox. Murdoch and his family own both 21st Century Fox and News Corp through the Murdoch Family Trust.
In July 2016, after the resignation of Roger Ailes due to accusations of sexual harassment, Murdoch was named the acting CEO of Fox News.
21st Century Fox chairman Rupert Murdoch added $581 million to his net worth Thursday, according to Bloomberg’s Billionaire’s Index, as traders rewarded him for selling off a majority of his company’s assets to Disney.
The deal will see Disney buy $66.1 billion-worth of 21st Century Fox, which he formed just a few years ago to oversee his entertainment groups (Murdoch is also chairman of Newscorp, which controls his non-entertainment units).
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