Lachlan Keith Murdoch, born September 8, 1971, is a prominent figure in the media landscape. As the son of Rupert Murdoch, he holds significant positions, including executive chairman of Nova Entertainment, chairman of News Corp, and executive chairman and CEO of Fox Corporation. As of 2025, his net wealth is estimated at A$3.21 billion.
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Fox Corp. and the Murdoch Family
The Murdoch family exerts considerable control over Fox Corp. through a family trust, possessing approximately 40% ownership. While Rupert Murdoch served as chairman until September 2023, Lachlan Murdoch has since taken the helm as chairman and CEO.
Lachlan Murdoch’s Earlier Roles
Prior to his current leadership roles, Lachlan Murdoch held various senior executive positions within the Murdoch media empire. Notably, he served as Co-Chairman of 21st Century Fox and as Deputy Chief Operating Officer, with direct responsibility for the company’s U.S. television operations.
Rupert Murdoch Steps Down
In September 2023, Rupert Murdoch announced his decision to step down as chairman of both Fox Corp. and News Corp. This transition marked a significant shift in leadership, with Lachlan Murdoch assuming the role of sole chair of both entities.
Lachlan Murdoch’s ascension to chairman and CEO of Fox Corp. solidifies his position as a key player in the global media industry. His leadership will undoubtedly shape the future direction of the company.
Lachlan Keith Murdoch, born September 8, 1971, is a prominent figure in the media landscape. As the son of Rupert Murdoch, he holds significant positions, including executive chairman of Nova Entertainment, chairman of News Corp, and executive chairman and CEO of Fox Corporation. As of 2025, his net wealth is estimated at A$3.21 billion.
The Murdoch family exerts considerable control over Fox Corp. through a family trust, possessing approximately 40% ownership. While Rupert Murdoch served as chairman until September 2023, Lachlan Murdoch has since taken the helm as chairman and CEO.
Prior to his current leadership roles, Lachlan Murdoch held various senior executive positions within the Murdoch media empire. Notably, he served as Co-Chairman of 21st Century Fox and as Deputy Chief Operating Officer, with direct responsibility for the company’s U.S. television operations.
In September 2023, Rupert Murdoch announced his decision to step down as chairman of both Fox Corp. and News Corp. This transition marked a significant shift in leadership, with Lachlan Murdoch assuming the role of sole chair of both entities.
Lachlan Murdoch’s ascension to chairman and CEO of Fox Corp. solidifies his position as a key player in the global media industry. His leadership will undoubtedly shape the future direction of the company.
The Disney Deal and the Birth of Fox Corp.
The formation of Fox Corp. itself is rooted in a monumental deal with Disney. In 2019, 21st Century Fox sold the vast majority of its assets to The Walt Disney Company for a staggering $71.3 billion; This included the 20th Century Fox film and television studios, cable entertainment networks like FX and National Geographic, and international assets like Star India.
What remained of 21st Century Fox after the Disney acquisition was spun off into the newly formed Fox Corporation. This new entity primarily focuses on broadcast television (Fox Network), cable news (Fox News and Fox Business), and sports broadcasting (Fox Sports). In essence, Fox Corp. retained the properties most closely associated with Rupert Murdoch’s original vision and conservative-leaning programming.
Challenges and Opportunities Ahead
Lachlan Murdoch inherits a media landscape facing significant disruption. Streaming services are challenging traditional television models, and the proliferation of news sources online presents both opportunities and challenges for maintaining audience trust and loyalty. His strategic decisions regarding Fox News, in particular, will be closely scrutinized, given its significant influence on the American political discourse.
Furthermore, navigating the evolving relationship between traditional media and technology will be crucial. Whether Fox Corp. can successfully adapt to the changing demands of consumers and continue to generate revenue in a digital-first world remains to be seen. Lachlan Murdoch’s leadership will be instrumental in determining the company’s future trajectory in this dynamic environment.
The Murdoch Legacy
Regardless of the challenges, Lachlan Murdoch carries the weight of a significant media legacy. He is tasked with upholding the Murdoch family’s influence while forging his own path. The coming years will reveal his vision for Fox Corp. and his ability to navigate the complexities of the modern media world.
