Murdoch Family Trust Battle: Billion-Dollar Musical Chairs Edition
Rupert Murdoch, aging media titan, decided in September 2023 to pass the empire torch to his son Lachlan, 51, who was born in London, schooled at elite spots like Phillips Academy and Princeton (where he wrote a thesis on Kant's practical philosophy — because nothing screams 'media mogul in training' like 18th-century German idealism). After a messy secret Nevada court fight that ended up with Rupert and Lachlan caught acting in 'bad faith,' Lachlan gets sole voting control of Fox and News Corp via a new trust. Sidelined siblings James, Elisabeth, and Prudence magically cashed out with billion-dollar payouts while James loudly trashed Fox News content. Meanwhile, Lachlan married a British-Australian model, resigned in 2005, then returned to rule the kingdom, showing the Murdoch approach to family drama is 'divide, settle, rinse, repeat.'
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Source: Businessinsider | Published: 9/9/2025 | Author: Sonam Sheth,Britney Nguyen,Lakshmi Varanasi,Katherine Li