Early Life
Keith Rupert Murdoch was born on March 11, 1931, in Melbourne, Australia. He is the son of Sir Keith Murdoch, a well-known journalist and newspaper publisher. Rupert attended Geelong Grammar School and later studied at Worcester College, Oxford.
Rise to Success
After his father's death in 1952, Murdoch took over his father's newspaper, The News, in Adelaide, Australia. He then expanded his media holdings by acquiring newspapers in Australia and New Zealand. In 1969, Murdoch entered the UK market, acquiring the News of the World. He later purchased The Sun. In 1974, Murdoch moved to New York City to expand into the American market. He became a naturalized U.S. citizen in 1985 to comply with regulations on owning television stations. He acquired 20th Century Fox in 1985, which would later become the foundation for the Fox television network.
Key Business Strategies
Murdoch's business strategy involved acquiring media outlets and transforming them with a focus on popular appeal, often emphasizing crime, scandal, and sports. He expanded globally, buying and selling assets strategically. A major move was the sale of 21st Century Fox's entertainment assets to Disney in 2019 for $71.3 billion. This was a profitable deal that significantly contributed to his net worth. Murdoch's acquisition of The Wall Street Journal's parent company, Dow Jones & Company, for $5 billion in 2007, was also a notable deal.
Philanthropy
Information on Murdoch's specific philanthropy is limited in the search results. His family has been involved in various initiatives, but the exact amounts and details are not readily available in the search results.
