The Australian-American media man, known to have owned the biggest share of the ownership of the world media, Rupert Murdoch continues to be one the richest men in the world. His Net Worth as of October 2015 is close to $12.1 billion.
Rupert Murdoch Net Worth - $12.4 Billion
Birth Name - Keith Rupert Murdoch
Date of birth - March 11, 1931
Zodiac Sign - Pisces
Birth Place - Melbourne, Australia
Nationality - American
Height - 5' 10"
Profession - Business magnate;
He is the Chairman and CEO of News Corporation at present. As the 84-year-old media mogul nears his retirement, all eyes are now glued to know who is his successor and how will he or she make it to the consistency.
Murdoch has a life story that inspires the entire world. He started his venture of running media houses with the ownership of a single newspaper publication in Adelaide. His burning desire to expand his horizons made him brave the risks of started more publications in his own place - Australia before he got on to his core publication - the News Corp.
In times when television was an exceptionally new concept and owning such an enterprise was only in dreams of most business tycoons, Murdoch showed the courage to not only step out of his homeland but also made a mark in the fastest growing economies of the United Kingdom, United States and Asian markets.
His first stable venture in the television media was in the USA when he established Fox Broadcasting Company in 1986. It was that he actually began his journey of earning his present day net worth.
The Fox media News recorded a booming revenue and profit of $700 million in 2010. The revenue was the highest recorded in the world of media.
The rise and rise of Murdoch empire
The Super Bowl show on Fox was the star money-spinner that soon turned out to be the favourite among the viewers. With Bill O’Reilly interviewing the President the show gathered a blasting viewership.
He then shifted focus to the Wall Street Journal, the largest circulating daily in the US markets, kept on rising and rising. The close ties of the Murdoch enterprise with Apple served another booster in terms of earnings and money-minting for Murdoch. His News Corp was the first to highlight the digital subscriptions on the iPad. The Daily worth $30 million was launched on the iPad.
Further, as Murdoch’s daughter bought the $673 million production company in February, she added another feather to the Murdoch empire.
He then went to grab a complete access and ownership of the British Sky Broadcasting in the UK. The political opposition to the move was no deterrent for the man worth 12.4 billion dollars.
His early days
Having his focus clear since childhood, Murdoch started envisaging his empire by working for small publication which his school brought out in Melbourne, Victoria, Australia.
He was still a teenager when he worked part-time for the Melbourne Herald. Though his father was a mere newspaper career and trained him well in the same field, Murdoch has something way above in his mind.
He graduated from the University of Oxford and returned to his homeland Australia. He began to take care of his father’s enterprise of News Limited after his father died.
Taking this venture to a new high, he rather started his own publication – the Adelaide Press. He went on gradually acquire all small newspapers in the region.
The style-sheet of the present day tabloid has been Murdoch’s brain child. Between 1960 and 1990, he managed to buy most of the media houses in the UK and US.
After having made several quick bucks and growing into a billionaire, Murdoch found recognition from the politicians, as well. Also, his control over nearly 80% of the media (broadcast) units around the world and power to telecast won him exceptional attention from the politicians.
Murdoch recently left the position of Chief Executive of 21st Century Fox. He, however, continues to rule the roost even at the age of 84 now.
He, at present, owns more than 100 newspapers. The most famous of these is The Wall Street Journal. In addition, his empire comprises a vivid cable, broadcast and satellite network. He also has a book publishing unit named HarperCollins.
As of August 2014, net revenues recorded at News Corporation were $8.57 billion while the production unit reported core earnings of $US770 million.
He married thrice and divorced his third wife Wendi Deng in 2013. He spent 14 years of life with her.