Rupert Murdoch is an Australian born media magnate who started by owning one newspaper in Australia. He has grown his News Corporation into a media universe through acquisitions of newspapers, magazines, television stations, satellite and cable networks, print publishing, movie studios, and Internet assets. He is a savvy businessman, mover-and-shaker, and his powerful worldwide media conglomerate serves North America, Europe, Latin America, and Asia.
Born Keith Rupert Murdoch from Scottish ancestry on March 11, 1931 in Melbourne, Australia he spent most of his youth in England.
His father Sir Keith was 22 years older than his mother Dame Elizabeth Murdoch (Elizabeth Joy Greene) and they married in 1928. His mother was born February 8, 1909 is a philanthropist and still lives in the Cruden Farm, a home her husband bought for her as a wedding gift, in Melbourne, Australia.
On October 4, 1952 his father Keith died leaving Rupert with a newspaper called the Australia’s Adelaide News. Some say that his inheritance of the paper is similar to William Randolph Hearst
as he started the same way, except his father was living when he passed down the rains to Mr. Hearst
In 1956 he married and divorced 11 years later Patricia Booker with whom he had one child, Prudence Murdoch McLeod.
In 1967 he married and divorced 31 years later Anna Tõrv, an employee of his, and had three children; Elisabeth Murdoch born in Sydney, Lachlan Murdoch born in London, and James Murdoch born in Wimbledon. Anna received a divorce settlement of $1.7 billion and remarried later that same the year to William Mann.
In 1980 News Corp was created as a holding company for all of Rupert’s assets.
On September 4, 1985 and 103 years after Alexander Graham Bell
became a naturalized citizen of the US, so did Rupert. By becoming a US citizen he was able to purchase for $575 million Fox Studios that same year.
In 1986 and 1988 News Corp purchased for $1.9 billion six Metromedia TV stations and for $3.2 billion TV guide.
Was a friend of President Ronald Reagan.
In 1989 he entered the electronic media business by using Eutelsat, the European telecommunications satellite, for his first satellite TV channel in the UK called, Sky TV. By 1990 he merged Sky TV with BSkyB its former rival to create a media powerhouse. Alexander Graham Bell
He has attended several TEDs, which stands for Technology Entertainment, and Design, and was founded by Richard Saul Wurman and later purchased and run by Chris Anderson. Attendees of the TED conferences have included Dean Kamen, Yo-Yo Ma, Jeffrey Katzenberg, Deepak Chopra, Jeff Bezos, Adrian Chernoff, Mickey Hart, Sergey Brin, Larry Page, Frank Gehry, Craig Venter, and Dr. Jonas Salk. At one of the TED conferences, one of the shirts he was wearing was purchased at Wal-Mart for $11.
In 2003 New Corp had reach of over 859 million households through television across the globe. It also purchased for $6 billion a 34 percent stake in Hughes Electronics DirecTV.
In 2004, he moved News Corp. headquarters to New York from Adelaide, Australia.
In 2004 and 2005 he made the Time Magazine’s 100, a list 100 most influential people on the planet, alongside the likes of Bill Gates, Warren Buffett, Michael Dell, Steve Jobs
, Bono, The Dalai Lama, and Meg Whitman. Times person of the century went to Albert Einstein with the runners up being Franklin D. Roosevelt and Mohandas Gandhi.
In over a period of three months in 2005 News Corp purchased three Internet holding companies; MySpace.com world’s largest social networking site and parent company Intermix Media Inc. for $580 million, Scout Media the top collegiate and pro-sports online network, and IGN Entertainment for $650 million including AskMen.com and RottenTomatoes.com, and has plans to spend a total of $2 billion as it adds more Internet assets to its powerbase.
In 2005 he gave $1 million to the Asian tsunami relief effort.
News Corp had 44,000 employees and revenues of $23.9 billion in 2005. It owns Fox studios, Fox Interactive Media, Fox Broadcasting Company, Fox Sports Net, the National Geographic Channel, Myspace.com, AskMen.com and RottenTomatoes.com, TV Guide, the SPEED Channel, HarperCollins, 20th Century Fox, Fox Searchlight Pictures, IGN Entertainment, Blue Sky Studios, BSkyB, StarTV, Sky Italia, New York Post, Los Angeles Kings hockey team, 50% of the National Rugby League, 34% of DirectTV, and 37 television stations. News Corp however, still Trails other media companies like Time Warner, Walt Disney
and Vivendi Universal, but that could change.
In 2006 he began the six month renovation of his penthouse in New York after purchasing it for $44 million in 2004 from the late Laurance S. Rockefeller. It has 20 rooms, is over 8,000 square feet, and spans the 14th, 15th, and 16th floors. The penthouse has a monthly maintenance fee of $21,469.07 and his neighbors include A. Alfred Taubman, Carroll Petrie, Harold Prince, and John H. Gutfreund. However during the renovation he was staying at Donald Trumps Trump Park Avenue penthouse with over 4,000 square feet and a monthly fee of $50,000.
Barry Diller used to work for Rupert in 1985, but left in 1992 to purchase a piece of the QVC teleshopping network. Dillar who was also Michael Eisner’s boss has become an internet mogul with a $20 billion web portfolio in InterActiveCorp that owns Match.com, Citysearch, Ticketmaster and the Home Shopping Network, Ask.com, RealEstate.com, and LendingTree.
Rupert has claimed his investment of $580 million in myspace.com is worth $6 billion, just a year after making the purchase. This may be true considering that YouTube was sold to Google for $1.65 billion and supposedly has less videos and no user content.
In 2006 at age 75 Rupert was ranked #32 of the Forbes richest Americans with $7.7 billion including his families 28.5% of News Corp.