The World's Billionaires
#117 Rupert Murdoch
03.10.10, 06:00 PM ESTThe man who owns the news desperate to find ways to offset losses caused by declining ad market.
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AP Photo
Net Worth: | $6.3 bil |
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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.
Previous: Akira Mori & family | Next: Eric Schmidt |
For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 12, 2010.
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