Is Lachlan Murdoch still married, Wife, Children, Age, Net Worth
Is Lachlan Murdoch still married, Wife, Children, Age, Net Worth – Lachlan Murdoch’s journey through the world of mass media is nothing short of fascinating. Born on September 8, 1971, in London, England, Lachlan is the eldest son of Rupert Murdoch, a prominent figure in the media industry. Raised in New York City, he had a childhood unlike most kids, shaped by the influence of his father’s media empire, particularly the ‘New York Post.’ However, his path to success was not a predetermined one, as he pursued his own interests and aspirations before eventually stepping into the media world.
Lachlan Murdoch Early Life and Education
Lachlan Keith Murdoch was born to Rupert Murdoch and Anna Murdoch Mann. Rupert, an Australian citizen, was already a well-known figure in the media landscape, owning the ‘New York Post’ and various global media outlets. Anna was an author and journalist. Lachlan’s childhood was far from ordinary, and his upbringing in the media-centric world of his father would significantly impact his future.
| Date Of Birth | 08 September 1971 |
| Age | 52 years |
| Place Of Birth | London, United Kingdom |
| Spouse | Sarah Murdoch (m. 1999) |
| Parents | Keith Rupert Murdoch, Anna Murdoch Mann |
| Height | 1.73 M (5 |
| Nationality | American, Australian, British, English |
Lachlan’s education began at the ‘Aspen Country Day School’ in Colorado and later continued at ‘Trinity School’ in New York City. He completed high school at the ‘Phillips Academy’ in Massachusetts. Despite his father’s media empire, Lachlan showed an early interest in Australia, even embracing the country’s culture by getting tattoos that symbolized tribal Australian culture.
Although Rupert had hoped for Lachlan to follow in his media mogul footsteps, Lachlan had different ideas about his future. Instead of pursuing a career in mass media, he chose to study philosophy at ‘Princeton University.’ This decision was a significant departure from his father’s expectations, setting the stage for an interesting journey.
Lachlan Murdoch Early Career
In 1989, at the age of 18, Lachlan was sent to Australia for a three-month training stint at the ‘Daily Mirror.’ His father saw this as an opportunity for Lachlan to gain valuable experience in the media industry. After completing the training, Lachlan returned to the United States to finish his college education.
Upon graduating from college, Lachlan moved back to Australia, where he began his career in the media industry. At just 22 years old, he joined ‘Queensland Newspapers’ as their general manager, responsible for the ‘Courier Mail’ in Brisbane. It was a significant role for someone his age, and it marked the beginning of his rapid ascent in the media world.
Lachlan’s most notable achievement during this time was the launch of ‘The Australian,’ Australia’s first national newspaper, at the young age of 23. This endeavor demonstrated his ambition and determination to make a mark in the industry. His dedication and leadership skills didn’t go unnoticed, and he continued to climb the corporate ladder.
In 1995, Lachlan was appointed as the chairman of ‘STAR,’ a position he still holds today. He also took on the role of deputy CEO of ‘News Limited’ the same year and became the executive director of ‘News Corporation’ in 1996. By 2000, he was named the deputy chief operating officer of ‘News Corporation,’ solidifying his position as a key figure in the organization.
Investment Ventures and Challenges
During his time in Australia, Lachlan formed a friendship with Australian businessman James Packer. This friendship led to a significant investment decision that would later become controversial. Lachlan invested millions of dollars from ‘News Corporation’ in ‘One.Tel,’ a telecommunications startup. This move raised eyebrows within the company and among its executives, as it was considered a risky endeavor.
Unfortunately, ‘One.Tel’ faced severe financial difficulties and ultimately failed in 2001. ‘News Corporation’ had to pay a settlement of A$13.3 million, resulting in substantial losses for the company. This decision proved to be a significant setback.
However, Lachlan didn’t let this setback deter him. He continued to invest in various ventures, some of which turned out to be highly successful. Notably, he invested $10.75 million in ‘REA Group,’ a company that went on to achieve substantial profits, with a net worth exceeding $3.6 billion by 2014.
In a surprising turn of events in 2005, Lachlan resigned from his position at ‘News Corporation,’ leaving the company in a state of uncertainty. His departure was met with disappointment from his father, Rupert, who had hoped Lachlan would eventually lead the global media empire, which included ’20th Century Fox,’ numerous broadcast channels, and newspapers and magazines in the USA, Britain, and Australia.
Following his departure, Lachlan launched his own investment firm, ‘Illyria Pty Ltd.’ Through this company, he made investments in various national and international ventures, including a share in the ‘Indian Premier League’ (IPL) team ‘Rajasthan Royals’ and the online DVD rental company ‘Quickflix.’ In 2009, ‘Illyria Pty Ltd.’ acquired 50% of the total stakes in ‘Nova Entertainment,’ with Lachlan serving as the company’s chairman.
In 2011, Lachlan took on the role of CEO at ‘Ten Network Holdings’ after the company’s former CEO, Grant Blackley, was terminated. However, this move didn’t yield positive results, as the company faced significant losses, leading to a decline in share prices and financial setbacks for Lachlan.
Return to Family Ventures and Leadership
In 2014, after experiencing challenges with his own ventures, Lachlan returned to the fold of his family’s media businesses. He was appointed as the non-executive co-chairman of both ‘News Corporation’ and ’21st Century Fox Inc.’ Following this decision, Lachlan resigned from all positions he held in ‘Ten Network Holdings.’
In June 2015, Lachlan took on the role of executive chairman at ’21st Century Fox.’ However, a major shift occurred when ‘Disney’ acquired ‘Fox’ in 2019. Lachlan was then named the chairman and CEO of ‘Fox Corporation,’ marking a significant leadership role within the media conglomerate.
Lachlan Murdoch Family and Personal Life
In 1999, Lachlan Murdoch married Australian model and actor Sarah O’Hare. The couple has three children together, including two sons and a daughter.
Lachlan’s lifestyle reflects his success, with palatial mansions in Sydney and Bellevue Hill. He takes pride in his Australian heritage, a sentiment shared by his wife, who once described him as the most “Australian” man she had ever met.
Lachlan Murdoch’s journey from a young philosophy student to the CEO and chairman of ‘Fox Corporation’ is a testament to his resilience and adaptability. While his path had its share of challenges and controversies, he has made a significant impact on the media industry, all while staying true to his Australian roots.
Lachlan Murdoch Social Media Accounts
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Who is replacing Rupert Murdoch?
Rupert Murdoch, a really rich and important person in the media world, is stepping down from his job as chairman of Fox Corp. and News Corp. in November. His son, Lachlan Murdoch, is going to take his place as the boss of both companies. This is a big deal because Rupert Murdoch has been a big deal in the media world for a long time.
Who is Lachlan Murdoch in succession?
Lachlan Murdoch is the oldest son of Rupert Murdoch, who is a super big shot in the media business. Recently, Lachlan was named as the main boss of News Corp and Fox Corp. This announcement cleared up questions about who would run these really big media companies, which have a lot of power.
Why is Murdoch so rich?
Rupert Murdoch became super rich because he sold a bunch of his entertainment stuff in Fox Corp. in 2019, including something called 21st Century Fox, for a huge amount of money, $71 billion! This was the biggest way he got even richer in his very long career, and after that, his wealth went up to $19 billion. So, he’s super, super rich because of that big sale.
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