⬅ # 128 Li Xiting|# 130 John Fredriksen

# 129 Rupert Murdoch 

$15.0B

Real Time Net Worth
as of 4/16/2024
$2.5M (0.02%)

# 129 Rupert Murdoch 

$15.0B

Real Time Net Worth
as of 4/16/2024
$2.5M (0.02%)
OccupationChair and CEO, News
Source of WealthNewspapers, TV Network
Age93
ResidenceNew York, New York
Marital StatusMarried
Children6
EducationBS, Oxford University; MA, Oxford University
Age-Adjusted Net Worth$1.61B
Rupert Murdoch
Rupert Murdoch
United States
Net worth: $15.0B

Self-Made Score 

Wealth History

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Biography

Early Life and Career

Rupert Murdoch was born on March 11, 1931 in Melbourne, Victoria, Australia
Son of Sir Keith Murdoch, a renowned Australian war correspondent and publisher
Inherited the Sunday Mail and The News in Adelaide at age 22 after his father's death
Transformed The News into a scandal-focused paper, boosting circulation
Expanded influence by making similar changes in newspapers across Australia

Acquisitions and Media Ventures

Acquired News of the World (1969) and The Sun (1970) in the UK
Entered the American newspaper business in 1973 with the purchase of San Antonio dailies
Acquired Twentieth Century–Fox Film Corporation in 1985 and established Fox, Inc.
Bought The Times of London and Sunday Times in 1981, and Australian in 1964
Launched Fox News in 1996, a highly influential news and political commentary channel

Global Expansion and Diverse Holdings

Expanded into Asia with the purchase of Star TV in 1993
Merged various companies to form HarperCollins Publishers in 1990
Established British Sky Broadcasting (BSkyB) in 1990, later renamed Sky in 2014
Acquired Dow Jones & Company, publisher of The Wall Street Journal, in 2007

Scandal and Reorganization

Faced intense scrutiny in 2011 for wrongdoing at News of the World
Closed the newspaper amid revelations of illegal and unethical behavior
Testified before British MPs, claiming unawareness of phone hacking
News Corporation split into News Corp and 21st Century Fox in 2013
Succeeded as CEO at 21st Century Fox by James Murdoch in 2015

Legacy and Succession

Led a bid to acquire full control of Sky but was outbid by Comcast in 2018
Sold most of 21st Century Fox's holdings to Disney in 2019 for about $71 billion
Retired as chairman in September 2023, with Lachlan Murdoch slated to become sole chair

Political Engagement

Initially urged Mike Bloomberg to run for president against Donald Trump

How long would it take you to become as rich as Rupert Murdoch?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Rupert Murdoch's net worth of $15.0B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Rupert Murdoch is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Rupert Murdoch, Newspapers and TV Network are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey