- Three Murdoch siblings to receive $1.1 billion each from stock sale, source says
- Lachlan, Grace, and Chloe Murdoch benefit from new family trust
- New Murdoch trust valued at $3.3 billion, source says
Sept 8 (Reuters) - The Murdoch family has reached a deal that will see Rupert Murdoch’s politically conservative eldest son Lachlan Murdoch cement control of the family media empire that includes Fox News and the Wall Street Journal.
The agreement, announced on Monday, ends a family brawl over who will control one of the most high-profile global media groups and puts to rest questions of succession within the Murdoch family after its patriarch’s death.
The drama is considered to be one of the inspirations for the television series “Succession,” about the infighting of the members of a media dynasty. Its real-life resolution preserves the conservative tilt of Murdoch’s media outlets.
Under the deal, Rupert’s children James Murdoch, Elisabeth Murdoch and Prudence MacLeod are each expected to receive about $1.1 billion in proceeds, according to a source.
They agreed to sell their personal holdings in Fox and News Corp over a period of six months, according to the announcement.
Fox News basically owns the US Republican Party.
JD Vance knows it. He flew all the way to Montana to meet with Murdochs and senior Fox News executives.
Each of them, individually, has more money than the combined net worth of everyone I know. Enough for 1,000 lifetimes. And they did nothing ti earn it
Crazy to think about. After 25 years of working, I’ll be relatively fortunate enough to save 0.1% of that level of wealth
What a shame it would be if all these people died in a fire. A real shame.
Not one of those people ever did anything worth a damn. They produced no value, created nothing novel, built nothing, contributed nothing, or earned a fair wage for honest work. Each of them was born with more money than they could spend in a lifetime, and they will use that leverage to grow their fortunes.
Humanity will continue to aupport their oppulence at the cost of our own joy and liberty. Billionaires are parasites.
I hear billionaires have really soft necks
