In this success post, we are going to share the story of Rupert Murdoch, an Australian born American media Mogul. After his father died in the year 1952, Rupert Murdoch declined to join his late father registered public company and created his own private company, News Limited.
As of 2020, Rupert Murdoch’s net worth is estimated to be around $21.5 billion dollars.
Rupert Murdoch Early Life
Rupert was born on the 11th of March 1931, in Melbourne, Victoria. Rupert is the son of Sir Keith Murdoch and Dame Elisabeth. He is of Irish, English, and Scottish ancestry. Murdoch’s parents were also born in Melbourne.
Rupert was a war correspondent, and later a regional newspaper magnate owning two newspapers in Adelaide, South Australia, and a radio station in a faraway mining town, and chairman of the powerful Herald and Weekly Times Group.
Rupert Murdoch Career
Rupert took over ‘News Limited’ after his father died in the year 1952. One of its newspapers, Adelaide News, became one of the most read after the young man took ownership.
He had also managed to increase his stake hold over media firms all across Australia. In the year 1964, Rupert Murdoch got to know of a bid going on for acquiring the Wellington-based newspaper. The Dominion, on a trip to New Zealand.
In the year 1968, Australian media tycoon ventured into the British market, and took over the ‘News of the World’, following it up the next year with ‘The Sun.’ They were initially in the long broadsheet size, but were later shortened to a tabloid format, and were printed in the same process to cut down on costs.
In the year 1986, this businessman came under scrutiny when he revealed electronic publishing in the Wapping area of London. These processes did not even require as much manpower as before, and this resulted in downsizing.
After three years, ‘News Corporation’ took over the charge of telecasting the ‘National Football League,’ from competitors’ CBS.’
In the year 2014, ’21st Century Fox’ attempted to buy over’ Time Warned’, but the offer was rejected. Presently, the management of most companies under Rupert is looked after by his younger son, James.
As of 2020, Rupert net worth is $21.5 Billion dollars.
Rupert Murdoch Highlights
Here are some of the biggest highlights of Rupert Murdoch career:
- Executive of the Herald and Weekly Times
- Murdoch bought The Times (1981)