Rupert Murdoch recently made headlines for stepping down as chairman of Fox and News Corp, making room for Lachlan Murdoch as his successor in both businesses. Lachlan brings with him years of media industry experience as well as an illustrious personal life to make an impressionful mark on global media landscape.
Who is Lachlan Murdoch?
Lachlan Murdoch, Rupert Murdoch’s eldest son and media mogul, has long been involved with his family business. This dedication can be seen through his statement honoring Rupert’s 70-year career in media. He acknowledges the remarkable contributions of his father, from his vision and pioneering spirit to his determination, which has greatly impacted the companies he founded.
Lachlan’s journey with the corporation has seen its ups and downs. In 2005, he quit his role as News Corp’s deputy chief operating officer due to differences with other executives and moved to Sydney. However, a decade later, in 2015, he returned to embrace his destined role as his father’s heir.
Who is Lachlan Murdoch Married to and Does He Have Children?
Lachlan’s personal life has also been under the media lens. In 1999, he tied the knot with model Sarah O’Hare in a grand wedding ceremony at Cavan Station. The wedding saw a gathering of prominent personalities, including renowned Australian designer Collette Dinnigan and filmmaker Baz Luhrmann. The couple’s marital journey has been blessed with three children: sons Kalan Alexander, Aidan Patrick, and a daughter, Aerin Elisabeth. The family’s recent relocation from Los Angeles to Sydney in 2021 garnered significant media attention.
What is Lachlan Murdoch’s Net Worth?
Being associated with one of the most significant media conglomerates has its perks, and Lachlan Murdoch’s net worth is a testament to that. In March 2023, The Daily Mail reported Lachlan’s intent to acquire a new $150 million superyacht, emphasizing his fondness for sailing. His involvement in racing his sail yacht Swan 82, Ipixuna at Hamilton Island in 2021 and his participation in the iconic Sydney to Hobart race in 1997 further highlight his passion for the sea.
Lachlan’s financial details, as revealed by Business Insider, give a clear picture of his substantial earnings. For the fiscal year 2022, he drew a base salary of $3 million. His total compensation, however, stood at a whopping $21,748,681. Notably, the previous year, 2021, saw him earn even more, with total compensation reaching $27,675,399.
Lachlan Murdoch, a prominent figure in the media industry and a noteworthy personality in his own right, continues to be a topic of interest for many. As he takes on a more significant role in Fox and News Corps, the world will undoubtedly watch his next moves with keen interest.
