A $24 billion media empire, 6 children, and a succession battle: Meet the Murdoch family

The Murdoch family’s multibillion dollar media empire includes Fox News, The Wall Street Journal, The New York Post, The Times of London, and more.

Rupert Murdoch, the 94-year-old patriarch of the family, inherited an Australian newspaper at age 22 and built out his media empire from there. He has been married five times and has six children.

The Murdoch family’s estimated net worth is over $24 billion, according to Forbes.

The battle over who would succeed Rupert Murdoch has gone on for years and has been relatively public, with much of it surrounding his two sons, Lachlan and James.

In 2023, Murdoch announced he was stepping down from his role at Fox Corporation and News Corp, leaving his eldest son, Lachlan, in charge.

On Monday, companies run by the family announced that the dispute over the Murdoch family trust has come to an end. Under the deal, Lachlan will control the media brands under a new trust, while his siblings James, Liz, and Prudence would receive cash compensation for their shares.

Here’s a look at the family members behind the empire, which is widely thought to be a major inspiration for the hit HBO show “Succession.”

The Murdoch family’s $24 billion fortune comes from a media empire that dates back to the 1950s.

Rupert Murdoch, the patriarch of the family, inherited a chain of Australian newspapers from his father, who was a war reporter turned publisher, in 1952. At the time, Murdoch was 22 years old and had just graduated from Oxford University.

He included scandalous stories in his papers which helped with sales. The early success allowed him to expand quickly. He started Australia’s first nationwide newspaper, The Australian, in 1964. By the 1970s, he was purchasing titles like the UK’s News of the World and The Sun. He founded Fox News in 1996.

In 2018, The New York Times wrote that Murdoch was able to grow the empire so quickly “in part by ruthlessly using his platform to help elect his preferred candidates and then ruthlessly using those candidates to help extend his reach.”

When Murdoch entered media markets for the first time, part of his strategy was to publish salacious content that others wouldn’t — perhaps most famously in the form of the topless women on the third page of The Sun. Years later, his English newspaper holdings were embroiled in a major voicemail hacking scandal, earning him the nickname “the dirty digger” from the satirical news show “Private Eye.”

Rupert Murdoch, 94, is the patriarch of the Murdoch family empire.

Murdoch’s name is synonymous with media and influence. He has built an empire that comprises Fox News, The Wall Street Journal, The Times of London, and other networks and newspapers all across the world.

As he entered his late 80s, his succession plan emerged as a question.

Over the span of his five-decade career, he has been married five times and fathered six children, many of whom are involved in the family business. His most recent marriage was to Elena Zhukova, a 67-year-old retired biologist, in 2024.

Murdoch sold 21st Century Fox to Disney for $71.3 billion in 2019, netting $12 billion that he then distributed equally between his six children.

He stepped away from leading Fox Corporation and News Corp in 2023, leaving his son Lachlan in charge.

Lachlan Murdoch is Rupert Murdoch’s successor.

Lachlan, 54, is Rupert Murdoch’s eldest son. From 2014 until 2019, he was co-chairman of 21st Century Fox, until the company was sold to Disney for $71.3 billion.

After the Disney deal closed, Lachlan was named chief executive of Fox Corporation, the arm of the Murdoch media empire that contains Fox News and Fox Sports, which perhaps marked the final stage of the contest between the brothers to take over their father’s empire. (He and James had leapfrogged each other multiple times.)

Lachlan had started out overseeing a chain of Australian newspapers at 22 years old, and by his late 20s, he had risen to be the deputy chief operating officer of News Corp. He left the company in 2005 at the age of 33, interpreted at the time as a sign that James had taken the lead. But Lachlan was brought back into the fold by 2015.

When his father stepped down from his role in 2023, Lachlan took charge of Fox Corporation and News Corp.

Lachlan has been married to Australian model Sarah O’Hare since 1999. They have three children.

James Murdoch was once the heir apparent.

James, Rupert Murdoch’s 52-year-old son, resigned from News Corp’s board of directors in 2020. His resignation was included in a regulatory filing.

“My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions,” Murdoch wrote in a two-sentence resignation letter.

His resignation came six months after he had slammed News Corp and Fox News for coverage that promoted climate change skepticism amid the Australian bushfires. James has historically been more liberal than his father; He and his wife, Kathryn, donated more than $1 million to Joe Biden’s presidential campaign in the 2020 cycle. In 2024, he endorsed Kamala Harris for president.

Before his departure, James was considered a likely successor to Rupert Murdoch, as he was the CEO of 21st Century Fox from 2015 until 2019, when it was sold to Disney. He had been involved in the family business for most of his adult life.

James opened his own private investment firm, Lupa Systems, in 2019. He is also on the board of directors at Tesla.

Under the agreement announced Monday, James will no longer have any stake in the companies built by his father and will receive cash compensation for his shares.

James and his wife have been married since 2000 and have three children.

Elisabeth Murdoch has also been involved with the family business.

Rupert Murdoch’s daughter Elisabeth, 57, also became a media mogul. She owned and ran her own television production company, Shine, in the UK before selling it to her father for £415 million ($546 million) in 2011. The sale netted her a News Corp board seat and £153 million ($201 million). She also cofounded Sister, a global production company.

Like James, Liz will no longer have any stake in the media companies started by her father as a result of the succession agreement, and will be paid cash for her shares.

She has four children: two with her first husband Elkin Pianim and two with her second husband Matthew Freud. She married a third time, to artist Keith Tyson, in 2017. 

James, Lachlan, and Elisabeth all have the same mother.

Rupert married the Scottish journalist Anna Murdoch Mann in 1967 — his second marriage. They divorced in 1999. Together, they had three children: Elisabeth, Lachlan, and James.

Rupert also had a daughter from his first marriage. In their divorce settlement, Anna Murdoch Mann fought for those four children to be the only beneficiaries of the family trust.

Prudence MacLeod is Rupert’s oldest, and the only child from his first marriage.

Prudence’s mother was Australian model Patricia Booker. Booker and Murdoch married in 1956 and divorced in 1966. 

Prudence, 67, and her husband, Alasdair MacLeod, were both involved with Murdoch businesses. They have three children.

Under the succession agreement, Prudence will not have any control over the family’s media companies and will receive cash compensation for her shares.

Wendi Deng was Rupert Murdoch’s third wife.

Deng, now 56, is 37 years Rupert Murdoch’s junior. They met while she was working as an executive at a Murdoch-owned network in Hong Kong. She was also an advisor for China’s MySpace outfit and a film producer.

The pair married in 1999, aboard Murdoch’s yacht, just weeks after his divorce from Anna Murdoch Mann was finalized. They remained married for 14 years.

Murdoch and Deng share two daughters, Grace and Chloe.

Grace and Chloe, who are beneficiaries of the Murdoch trust but do not have voting power, are now 24 and 22, respectively. They are the last of Murdoch’s six children. Their godparents are Nicole Kidman and Hugh Jackman.

Rupert Murdoch married Jerry Hall in 2016.

Hall, 64, a former model and actress from Texas, was Murdoch’s fourth wife.

The two met while she was playing Mrs. Robinson in a stage adaptation of “The Graduate” in Australia. She was previously Mick Jagger’s partner, with whom she shares four children. Another notable former partner of hers was Roxy Music frontman Bryan Ferry.

The couple finalized their divorce in 2022.

Elena Zhukova married Rupert Murdoch in 2024.

In 2024, Rupert Murdoch married 67-year-old Elena Zhukova, a retired molecular biologist. Zhukova, his fifth wife, was once married to Russian billionaire Alexander Radkin Zhukov.

The post A $24 billion media empire, 6 children, and a succession battle: Meet the Murdoch family appeared first on Business Insider.