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Rupert Murdoch Fast Facts

The restructuring ended a long succession dispute, giving Lachlan Murdoch control of global media assets while siblings receive $3.3 billion in cash compensation, sources said.

  • On September 8, 2025, the settlement gave Lachlan Murdoch control through a new trust and paid siblings $1.1 billion each, The New York Times reported.
  • Created in 1998 after Rupert Murdoch and Anna Murdoch Mann's separation, the Murdoch family trust originally gave each child one vote over shares controlling about 40% of Fox and News Corp, fueling a public succession fight.
  • In 2023, Lachlan Murdoch, who was co-chair of 21st Century Fox from 2014 to 2019, took control after Rupert Murdoch stepped down, following the company's sale to Disney.
  • Gabriel Sherman writes the Murdoch family's practices raise questions about the influence of outlets like Fox News, The Wall Street Journal, and The New York Post on policy debates across the US, UK, and Australia.
  • Netflix's series 'Dynasty: The Murdochs' is streaming now, and Gabriel Sherman’s biography fully addresses the trust’s resolution, available to stream on March 13.
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The Conversation broke the news in on Friday, March 13, 2026.
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