Lachlan Keith Murdoch is a prominent British-American entrepreneur and inheritor of a mass media empire. He holds multiple key positions in various organizations, including serving as the executive chairman of Nova Entertainment, chairman of News Corp, executive chairman and CEO of Fox Corporation, and being the founder of the Australian investment firm Illyria Pty Ltd.
In this article, we will take an in-depth look at Lachlan Murdoch’s financial standing, which encompasses his substantial net worth and earnings derived from his various high-profile roles in the media industry. Additionally, we will delve into the intricacies of his personal life, particularly his marital status, and provide insights into any recent events or developments within his marriage. This comprehensive exploration will offer readers a well-rounded understanding of Lachlan Murdoch’s professional achievements and the current state of his personal affairs.
What Is The Current Net Worth Of Lachlan Murdoch?
Lachlan Murdoch, as reported by The Australian Financial Review, holds the 33rd position on the list of Australia’s wealthiest individuals, boasting a substantial net worth of $2.1 billion (A$3.35 billion).
Recent news from The Daily Mail in March 2023 indicated that Lachlan Murdoch is in the process of potentially acquiring a new superyacht valued at $150 million, adding to his impressive collection of luxury vessels. Mr. Murdoch has a passion for sailing, having participated in sailing events such as racing his 24-meter sail yacht, Swan 82 named Ipixuna, at Hamilton Island in early 2021. He also took part in the Sydney to Hobart race in 1997.
According to Business Insider, Lachlan Murdoch’s base salary for fiscal year 2022 stood at $3 million, based on Fox Corporation’s public disclosures. His overall compensation for the same fiscal year amounted to $21,748,681. Comparatively, in 2021, his total compensation was higher, reaching $27,675,399. Keep reading for more.
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Lachlan Murdoch: The Future Of Fox And News Corp: What Lies Ahead?
Lachlan Murdoch, son of media mogul Rupert Murdoch, has been named sole chairman of News Corp and continues to serve as chair and CEO of Fox Corp, resolving the succession issue within the media empire. Lachlan, 52, grew up immersed in the media business, reading newspapers every morning with his father’s guidance. He worked in the family business during summers and attended prestigious schools.
Although he briefly resigned in 2005, he returned to take on leadership roles. Lachlan’s Fox Corp has navigated industry changes as viewers shift to streaming services, while Fox News maintains its dominance. His political views remain private, but some speculate on his conservatism. His legacy includes Tubi, a streaming service valued at $3 billion.
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Who Is Lachlan Murdoch Married To, And Does He Have Children?
In 1999, Lachlan Murdoch tied the knot with model Sarah O’Hare in a picturesque countryside wedding held at Cavan Station, located 15 miles southwest of Yass, New South Wales. Sarah donned a gown crafted by renowned Australian designer Collette Dinnigan, who was also present at the wedding.
The guest list included notable figures such as filmmaker Baz Luhrmann, along with Lachlan’s parents, Anna and Rupert Murdoch, and Sarah’s parents, Carol and Patrick O’Hare. Lachlan and Sarah’s family has grown to include three children: sons Kalan Alexander, Aidan Patrick, and daughter Aerin Elisabeth. In 2021, the family made the decision to relocate from Los Angeles to Sydney.