Rupert Murdoch Net Worth

 

Australian-American media mogul and the Chairman and CEO of News Corporation,Keith Rupert Murdoch has an estimated net worth of $12.5 billion as of November 2015, according to Bloomberg. Beginning with one newspaper in Adelaide, Murdoch acquired and started other publications in his native Australia before expanding News Corp into the United Kingdom, United States and Asian media markets. Although it was in Australia in the late 1950s that he first dabbled in television, he later sold these assets, and News Corp’s Australian current media interests (still mainly in print) are restricted by cross-media ownership rules. Murdoch’s first permanent foray into TV was in the USA, where he created Fox Broadcasting Company in 1986.

Murdoch’s Fox News generated $700 million in operating profit in 2010, crushed the competition in ratings and may have put the Republicans over the top in the midterms. The Super Bowl, on Fox, kicked off with Bill O’Reilly interviewing the president and wound up as the most-watched TV broadcast ever. The circulation of the Wall Street Journal, already the biggest U.S. newspaper, keeps expanding while almost every other daily shrinks.