The influence of Rupert Murdoch in the media world is unparalleled. With a media empire spanning from Fox News to The Wall Street Journal, Murdoch’s financial standing is a topic of great interest. As of September 22, 2023, Bloomberg has estimated Rupert Murdoch’s net worth at a staggering $8.3 billion.
Over the years, the wealth of this media mogul has seen many fluctuations. Still, no matter the ebb and flow of his financial tide, he remains a constant on the list of the world’s wealthiest individuals, especially in the media sector.
| Date | Net Worth | Source |
|---|---|---|
| September 22, 2023 | $8.3 billion | Bloomberg |
| March 2, 2022 | $21.7 billion | Forbes |
| September 20, 2023 | $8.26 billion | Bloomberg Billionaires Index |
| 2020 | $19 billion | Forbes |
Rupert Murdoch, with an estimated net worth of $8.3 billion as per Bloomberg, stands tall among the billionaire elites. His vast media empire, which includes iconic outlets like The Sun and The Times of London, has cemented his position as one of the most powerful media magnates.
His monetary journey has been dynamic, with Forbes estimating the Murdoch family’s net worth at around $19 billion in 2020. A significant portion of this wealth stems from Rupert’s strategic expansion in the media landscape, reaching billions globally.
2023 marked a major transition for Rupert Murdoch. He made the decision to step down as the chairman of both News Corp. and Fox Corp. Even after his resignation, with a net worth of $8.3 billion as gauged by Bloomberg, he maintains a firm grip as the controlling shareholder, entrusting the operational reins to his sons, Lachlan and James.
Not only Rupert but the entire Murdoch family holds an esteemed position in the global wealth charts. Their combined net worth in 2020, as estimated by Forbes, was a mammoth $19 billion. The influence of the Murdoch family extends beyond media, even marking a prominent presence in political circles, despite Rupert himself never stepping into the political arena.
The title of ‘Chairman’ for two significant New York-based publicly traded entities – News Corp. and Fox Corp. – adds weight to Murdoch’s portfolio. While News Corp. boasts ownership of big names like the Wall Street Journal, Fox Corp. dives into television production and broadcasting, reporting a revenue of $14.9 billion as of June 30, 2023. By mid-November, Murdoch is set to take on the role of chair emeritus for both these firms.
The financial timeline of Rupert Murdoch is a roller-coaster of numbers. In March 2022, Forbes pinned his net worth at $21.7 billion. But by September 20, 2023, the Bloomberg Billionaires Index projected it to be around $8.26 billion. Forbes’ latest list ranks him as the 96th richest person worldwide with an amassed fortune of $17.4 billion.
Bearing a net worth of $8.3 billion, as cited by Bloomberg, Rupert Murdoch’s name is synonymous with media royalty. His empire, inclusive of global brands like Fox News and The Wall Street Journal, is testament to his vision and acumen. Regardless of the financial fluctuations over the years, Murdoch’s position among the world’s wealthiest remains unshaken.
FAQs
1. How much is Rupert Murdoch’s net worth in 2023?
Rupert Murdoch’s net worth in 2023 is estimated to be $8.3 billion according to Bloomberg.
2. Did Rupert Murdoch resign from his chairman position in 2023?
Yes, in 2023, Rupert Murdoch stepped down as chairman of both News Corp. and Fox Corp.
3. What was the Murdoch family’s combined net worth in 2020?
In 2020, the Murdoch family’s combined net worth was around $19 billion as per Forbes.
4. How much revenue did Fox Corp. report in 2023?
Fox Corp. reported a revenue of $14.9 billion up to June 30, 2023.
