What is Lachlan Murdoch’s net worth? Media scion was secretly named heir by dad Rupert at $150M LA estate
Lachlan reportedly paid $150 million for an estate in Los Angeles’ Bel Air neighborhood, making it the most expensive home ever sold in the city
Rupert Murdoch would be overshadowed by one of his own offspring at the historically huge gathering of Fox and News Corporation leaders from around the world. Lachlan Murdoch had invited the empire's top executives to Chartwell, the fictional Clampett family's house in the 1960s TV series 'The Beverly Hillbillies.' The gathering, which was called 'MegaTrends 2022' by media mogul Rupert's eldest son, was intended to help News and Fox executives better understand the direction their businesses were taking, Daily Mail reports.
However, to some onlookers, it was the precise moment the ailing billionaire Australian-born handed over leadership of the family business to his intriguing heir apparent. It was also one of the final times Rupert, who is now 91, was spotted with his fourth wife Jerry Hall before the 25-year-old model filed for divorce. The 51-year-old is already among the most powerful individuals on the planet as co-chairman of News Corp and executive chairman and CEO of Fox, and author Paddy Manning has written the first significant biography of him. As of October 12, 2022, Lachlan K Murdoch's estimated net worth is at least $29.2 million USD, Wallmine reports.
In an upcoming book 'The Successor,' Lachlan's political views, economic practices, and upbringing are explored. Manning's work is characterized by its publisher as "an epic saga of ruthless power plays and family battles." While Lachlan's future may appear to be in order, he may still have to deal with his older siblings James, 49, and his brothers Prue, 64, and Elisabeth, 54, after his father's death. In 2019, Lachlan Murdoch paid $150 million to purchase Chartwell. The mansion served as the backdrop for outside shots of the Clampett family's house in a 1960s TV sitcom The Beverly Hillbillies.
'The Successor: The High-Stakes Life of Lachlan Murdoch' by Paddy Manning will be published in US and UK on November 15.
Over the past nine years, Murdoch has sold more than $0 worth of FOXA stock while owning over 18 units of Fox stock valued at over $3,807. Apart from that, he earns $29,154,500 as Fox's executive chairman of the board and CEO. According to Form 4 submitted to the SEC, Lachlan has traded Fox stock more than 37 times since 2016. He recently just exercised 18 FOXA stock units on October 12, 2022, for $519. His exercise of 454,234 Fox stock units, valued at about $13,100,109, on August 15, 2020, was his largest trade to date. Since 2013, Lachlan has traded 7,716 units on average every 13 days. At least 132 units of Fox stock are still in his possession as of October 12, 2022, Wallmine reported.