Lachlan Murdoch is a British businessman and mass media heir with a net worth of $2.7 Billion.
He founded the Australian investment firm Illyria Pty Ltd. He served as executive chairman of Nova Entertainment, co-chairman of News Corporation, executive chairman and CEO of Fox Corporation, and chairman of News Corp.
The Fox Corporation is a business that provides entertainment. The company produces and licenses news, sports, and entertainment content for distribution through various measures, including cable television systems.
CEO Lachlan Murdoch's Net Worth 2022 - How Much?
According to Celebrity Net Worth, the executive chairman and the CEO of FOX corporation, Lachlan Murdoch, has the net worth of $2.7 Billion till now.
Rupert Murdoch, who founded Newscorp, has a son named Lachlan. Lachlan achieved billionaire status in 2019 when Disney paid $71 billion to acquire Fox from holding firm Newscorp.
Murdoch is the co-chairman of News Corp. and the executive chairman of Nova Entertainment. Murdoch serves as the CEO and executive chairman of the Fox Corporation.
He is the founder of the financial firm Illyria Pty Ltd. and the director of Sydney's Museum of Contemporary Art.
Lachlan garnered media attention in 2019 when he paid $150 million for a 10-acre estate in Bel-Air. The "Chartwell" house appeared in the opening title sequence of the 1960s television series "The Beverly Hillbillies."
When it was purchased, it was the most expensive house ever purchased in California.
A few months later, Jeff Bezos paid $300 million for a nearby mansion and lost that title. A 1.3-acre undeveloped site that Ronald and Nancy Reagan lived on up until their deaths was part of the deal.
It was discovered that Lachlan had paid $14 million for one of his neighboring houses in August 2020. Cheryl Tiegs, a former top model, was the seller.
Lachlan Murdoch's Salary And Career Earnings
CEO Lachlan Murdoch's salary in the year 2021 was $27.7 million.
Despite being a significant number, it pales compared to his 2020 compensation of $29.15 million.
The pandemic-related base salary pay reduction was to blame for the decrease in remuneration.
It was also much lower than 2019, the year the business completed the sale of Fox's entertainment assets to Disney.
In the fiscal year 2020, Lachlan Murdoch's compensation package consisted of a base salary of $2.5 million ($3 million the previous year), stock awards of $8.8 million, and option awards of $2.75 million.
His non-equity incentive plan compensation increased from $5.7 million to $8.4 million, or discretionary cash payments unrelated to stock performance.
He had a $5.7 million increase in "change in pension value and nonqualified deferred compensation earnings" compared to $3.4 million.
Lachlan started to earn at a very young age. Murdoch, 18 then, was brought to Australia by Rupert Murdoch when he was on business to receive a three-month training program at the Daily Mirror.
When Murdoch was 22 years old, Queensland Newspapers, the company that publishes Brisbane's Courier-Mail, appointed him general manager. A year later, he became the publisher of The Australian, Australia's first national newspaper.
He was named deputy CEO of News Limited in 1995, executive director of News Corporation in 1996, and deputy chief operating officer in 2000. From 1999 to 2000, he served as senior executive vice president. Since 1995, Murdoch has served as chairman of STAR.
He saw different ups and downs in his career in the later years but still managed to get to the position he is in today.
He is currently the head of four companies and is at the top of his league regarding business and earning.
Lachlan Murdoch's Early Life And Family
On September 8, 1971, Lachlan Murdoch was born in Wimbledon Hospital in Wimbledon, London, England.
He is the oldest child of American media magnate Rupert Murdoch, born in Australia, and his second wife, Scottish author and journalist Anna Murdoch Mann.
His father owned the New York Post, and he was raised in New York City.
He attended Aspen Country Day School in Aspen, Colorado, Trinity School in New York City, and Phillips Academy in Andover, Massachusetts, for his elementary and senior education.
He earned a philosophy bachelor's degree from Princeton University in 1994. He studied philosophy at Princeton alongside Béatrice Longuenesse and Alan Hajek.
In 1999, Murdoch wed Sarah O'Hare, an Australian model and actress born in the UK.
The couple has two sons, Aidan Patrick, born on 6 May 2006, and Kalan Alexander, born on 9 November 2004, and a daughter, Aerin Elisabeth, who was born on 12 April 2010 and is named after his sister and grandmother.
Murdoch and his wife purchased a sizable equestrian estate in Aspen, Colorado, for US$29 million in 2017.
The estate has a six-bedroom residence with a living area of 1,250 square meters. For an estimated $150 million in US dollars, they bought the Los Angeles property Chartwell Estate in 2019.