Rupert Murdoch locked in secret legal battle with children over future of media empire
IndependentJUL 21 2024
According to documents obtained by The New York Times, billionaire media mogul Rupert Murdoch is engaged in a legal battle with three of his children over the future of his empire after his death.
The 93-year-old patriarch of the Murdoch family is reportedly looking to amend an irrevocable family trust to give complete control of voting powers and decision-making to his eldest son, Lachlan.
With an estimated value of $19.5B, Murdoch’s media empire is controlled by a trust shared by Rupert’s four eldest children – Lachlan, James, Elisabeth, and Prudence. However, Rupert wants to grant its exclusive control to Lachlan, reportedly to preserve a right-leaning editorial stance.