2 min read
Journalism of Courage
Premium
This is an archive article published on July 23, 2006
Six children will split fortune: Murdoch
News Corp Chief Executive Rupert Murdoch has said his financial assets will be divided equally among his six children after he dies.
News Corp Chief Executive Rupert Murdoch has said his financial assets will be divided equally among his six children after he dies. But in an interview on 8216;8216;The Charlie Rose Show8217;8217; aired last Thursday, Murdoch said if he died tomorrow, his four elder children would decide who among them would control the family trust8217;s 30 per cent control of the media conglomerate.
8216;8216;If I go under a bus tomorrow, it will be the four of them that will have to decide which of the ones should lead them,8217;8217; Murdoch told Rose.
Murdoch has had four children from two prior marriages8212;Prudence, James, Lachlan and Elisabeth8212;and two children in the past five years with his third wife, Wendi. Rose asked Murdoch to clarify his position. 8216;8216;If something happens to you,8217;8217; he asked, 8216;8216;if you8217;re run over by a bus when you leave this studio, the four kids have to decide who will be the heir apparent?8217;8217;
Murdoch responded: 8216;8216;In terms of power, yes. In terms of leadership, they8217;ll all get treated equally financially.8217;8217; News Corp owns media properties including 20th Century Fox film studios and online teen hangout MySpace.com.
Lachlan Murdoch, who served as News Corp8217;s deputy chief operating officer and was considered Rupert8217;s heir apparent, quit last year. James Murdoch is chief executive of BSkyB Plc, Britain8217;s top pay-TV operator, which is 38 owned by News Corp.
Advertisement
Live Blog
PHOTOS
Top Stories
Advertisement
Must Read
Advertisement
Buzzing Now
- 01
- 02
- 03
- 04
- 05
Advertisement