Murdoch, 21st Century Fox sold most of its assets to Disney, and Fox Corp. was formed with the remaining properties. The Murdoch family trust owns about 40% of Fox Corp., and Rupert Murdoch served as chairman of Fox Corp. until November 2023. His son, Lachlan Murdoch, is now the chairman and CEO.

Lachlan Keith Murdoch, born September 8, 1971, is a prominent American and Australian businessman, inheriting a significant legacy from his father, Rupert Murdoch. As of today, October 6, 2025, he holds key leadership positions in major media entities.

Key Roles

  • Executive Chairman of Nova Entertainment
  • Chairman of News Corp
  • Executive Chairman and CEO of Fox Corporation

Murdoch’s influence in the media landscape is undeniable. He plays a crucial role in shaping the direction of Fox Corporation.

Fox Corp. and the Murdoch Family

Following the sale of most 21st Century Fox assets to Disney, Fox Corp. was established with the remaining properties. The Murdoch family trust maintains a substantial ownership stake, holding approximately 40% of Fox Corp.

Rupert Murdoch served as the chairman of Fox Corp. until November 2023, when Lachlan Murdoch assumed the position of Chairman and CEO.

Navigating the Modern Media Landscape

As Chairman and CEO, Lachlan Murdoch is tasked with steering Fox Corp. through the ever-evolving media landscape. This includes managing its portfolio of news, sports, and entertainment assets, and adapting to the challenges and opportunities presented by digital disruption and changing consumer habits.

His leadership is particularly critical in maintaining Fox News’ position as a leading cable news provider, while also exploring new avenues for growth in streaming and digital platforms. Navigating the political climate and ensuring the network’s relevance in a rapidly shifting media ecosystem are key priorities.

Wealth and Influence

With an estimated net worth of A$3.21 billion in 2025, Lachlan Murdoch wields significant financial power. His decisions have far-reaching consequences, impacting not only the media industry but also shaping public opinion and influencing political discourse.

Succession and the Future of the Murdoch Empire

Lachlan’s ascension to the chairmanship of both Fox Corp. and News Corp. solidifies the Murdoch family’s continued control over a vast media empire. His leadership will determine the future direction of these companies and their ability to adapt to the challenges and opportunities of the 21st century.

The transition from Rupert to Lachlan marks a significant moment in media history, raising questions about the future of conservative media, the role of powerful media conglomerates, and the influence of a single family on global news and entertainment.

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