Lachlan Murdoch Net Worth: How Much Is He Worth?
Since his father, Rupert Murdoch, made his decision to step down from his role as chairman of his companies, Fox Corporation and News Corporation, making him take the reigns, Lachlan Murdoch’s net worth has come up for discussion as people want to know how much he is worth. So, how much is Lachlan Murdoch worth?
Businessman and media heir Lachlan Murdoch is an Australian-British-American. Lachlan Murdoch, the eldest child of media mogul Rupert Murdoch, held the positions of executive chairman and CEO of Fox Corporation as well as co-chairman of his father’s News Corp, and with his father’s retirement, he is set to take his place.
Between Rupert Murdoch’s sons, Lachlan Murdoch and James Murdoch, the former is to take charge of his father’s businesses as he retires. After being billed to take over the reins, Lachlan Murdoch’s net worth has been discussed a lot, and in this article, we will discuss how much he is worth.
The eldest child of media mogul Rupert Murdoch and his ex-wife Anna Maria, Lachlan Murdoch was born in London, England, on September 8, 1971. His father owned the New York Post, and he was raised in New York City. Murdoch attended the Phillips Academy in Andover, Massachusetts, the Trinity School in New York City, and the Aspen Country Day School in Colorado as a young student. He attended Princeton University for his higher education, where he earned a bachelor’s degree in philosophy in 1994.
Lachlan Murdoch To Take Over From His Father, Rupert
“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” Murdoch, 92, wrote in a memo to employees. “But the time is right for me to take on different roles, knowing that we have truly talented teams.” This was what Rupert Murdoch said to announce his decision to step down from his role as chairman of Fox Corporation and News Corporation. This means that his son, Lachlan, will take over from him.
Lachlan was referred to by his father as “a passionate, principled leader.” Although Rupert gave the impression that Lachlan would continue the right-wing editorial slant his media firms are known for, it is uncertain how Fox will go under Lachlan Murdoch.
“My father firmly believed in freedom, and Lachlan is absolutely committed to the cause,” Murdoch told employees in his memo. “Self-serving bureaucracies are seeking to silence those who would question their provenance and purpose. Elites have open contempt for those who are not members of their rarefied class. Most of the media is in cahoots with those elites, peddling political narratives rather than pursuing the truth.”
Lachlan Murdoch Net Worth: How Much Is He Worth?
Known as a businessman and mass media heir, now set to take over his father’s businesses, Lachlan Murdoch’s net worth is $2.7 billion. With his new role as chairman of Fox Corporation and News Corporation after his father stepped down, his net worth is set to increase.
With Lachlan Murdoch’s net worth of about $2.7 billion, he can afford some luxury for himself. Indeed, Lachlan garnered media attention in 2019 when he paid $150 million for a 10-acre estate in Bel-Air. The “Chartwell” residence, which was featured in the opening title sequence of the 1960s television series “The Beverly Hillbillies,” is where the phrase “Beverly Hillbillies” originates. At the time it was purchased, it was the most expensive house ever purchased in California.
When Jeff Bezos paid $300 million for a nearby mansion a few months later, Lachlan lost his claim to the title of most expensive home in California. It should be noted, however, that Bezos’ acquisition included a 1.3-acre undeveloped site that served as Ronald and Nancy Reagan’s residence until their deaths.
It was discovered that Lachlan had paid $14 million for one of his neighboring houses in August 2020. Cheryl Tiegs, a former top model, was the seller.
