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The World's Billionaires

#117 Rupert Murdoch

03.10.10, 06:00 PM EST

The man who owns the news desperate to find ways to offset losses caused by declining ad market.


AP Photo
Net Worth:$6.3 bil
Fortune:Self Made
Source:News Corp
Age:79
Country Of Citizenship:United States
Residence:New York, New York
Education:Oxford U, Bachelor of Arts / Science; Oxford U, Master of Arts
Marital Status:Married, 6 children
The man who owns the news desperate to find ways to offset losses caused by declining ad market. Bought the Dow Jones news empire for $5.6 billion cash in 2007; sold 90% stake in the 113- year-old Dow Jones Industrial Average to CME Group for $675 million in February. Recently suggested he will soon charge for content on all his Web sites; considering Microsoft partnership that would pull content from Google. News Corp. rebounded in revenue and income in second quarter of fiscal 2010; quarterly revenue up 10% to $8.7 billion, profits $254 million. Australia-born tabloid titan inherited one newspaper at age 23. Oxford grad built media empire with Australian and U.S. papers, Fox film studio, conservative-leaning cable channel Fox News.



For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 12, 2010.

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