Six things to know about Lachlan Murdoch
- Published
Lachlan Murdoch is the chairman of Fox and News Corp, a position that makes him one of the most powerful media barons in the world.
What do we know about Rupert Murdoch's eldest son and successor?
1. A British-American in Australia
Lachlan Murdoch, 53, is one of three children Rupert Murdoch had with his second wife, Scottish journalist Anna Maria dePeyster.
Born in London, Lachlan was educated at prestigious American schools, graduating from Princeton University in 1994. His senior thesis wrestled with German philosophy and began with a quote from Lord Byron.
After leaving Princeton, he spent much of his career in Australia, managing his father's businesses.
2. He spent years outside the empire
Lachlan was once seen as the natural heir to the News Corp business. But after a feud with the then-boss of Fox News, Roger Ailes, he left the company in 2005.
Paddy Manning, an Australian journalist who wrote The Successor, a biography of Lachlan Murdoch, says the eldest son felt that his father should have backed him in the dispute.
"When he left he was determined not to ever go back to his father's company," Manning says.
He set up an Australian investment firm which poured money into a range of media and marketing companies, and even an Indian Premier League cricket team.
Not all of the investments were successful, however, with his company taking a huge loss on an Australian TV network.
In 2014, he returned to his father's empire. Manning says the return came at a crisis point - in the wake of the phone hacking scandal and Rupert Murdoch's divorce from Wendi Deng.
"Lachlan felt that he needed to help his dad," he says.
3. He once worked with his brother - but not anymore
In 2015, Rupert named Lachlan and his brother James as co-chairmen of the film studio 21st Century Fox.
A 2017 New York Times feature, external described how the brothers set about trying to transform the culture of their father's company, pushing for more transparency, workplace diversity and greater co-operation between divisions.
But the film studio was sold to Disney in 2019, and James Murdoch quit the News Corp board the following year, saying in a resignation letter that he was leaving "due to disagreements over certain editorial content" and "certain other strategic decisions".
It was reported that James donated hundreds of thousands of dollars to the campaign of Joe Biden, and was frustrated with News Corp's coverage of climate change.
4. His father wants him to control the family empire
Lachlan Murdoch first emerged as his father's heir apparent during his time as an executive in the late 1990s, and held top positions in the business empire ever since returning in 2014.
He is thought to be more conservative than his siblings and is seen as someone who would preserve the legacy of his father's media brands.
This is believed to be the reason behind Rupert Murdoch seeking to change a family trust agreement, which said that once he died, his votes would be passed on to his four eldest children equally.
However, differences in opinions and political views were said to lead to a family rift, with Rupert Murdoch worried about a "lack of consensus" among the children, according to the New York Times.
He sought to give control of the media empire to Lachlan, but a Nevada court commissioner ruled against him.
5. His relationship with Trump is complicated
In his job heading Fox, Lachlan Murdoch has to navigate the network's on-again, off-again relationship with US President-elect Donald Trump.
Trump has appeared on Fox News countless times but has also repeatedly criticised the network and praised rival conservative channels.
Last year, Fox settled a defamation suit by voting machine company Dominion for $787.5m (£640.70m). Dominion had alleged that the broadcaster helped spread Trump's baseless rumours about widespread fraud during the 2020 election, damaging its business. And Fox still faces a similar lawsuit from another voting technology firm, Smartmatic.
Lachlan Murdoch has made few public pronouncements about Trump or his own politics, but Paddy Manning, the biographer, says it's "no secret" that he and his father are not big fans of the incoming president.
His book notes that Lachlan shares "a kind of philosophical bent" with Tucker Carlson, the former Fox News host who supports Trump's Make America Great Again agenda. And it also claims Lachlan Murdoch was responsible for the Fox News decision not to broadcast live US Congressional hearings into the Capitol riot.
But ultimately, Manning says, Lachlan Murdoch "does not see himself as a kingmaker" in the same way that his father has often been seen across the English-speaking world.
"Lachlan sees his role as determining strategy for the business, and keeping an eye on the bottom line," he says.
6. He's one of the 1%
The opening of The Successor also describes what Lachlan Murdoch and his wife were doing while those hearings began in June 2022.
The couple were reportedly taking a luxury yacht for a spin around Sydney Harbour, while waiting on delivery of a boat more than five times as expensive, which they planned to park in their multi-million dollar boat shed near the family mansion.
The couple also own the $150m Chartwell Estate in Los Angeles, amongst other properties.
The Australian Financial Review recently placed him 35th on its list of the country's richest people, with a total fortune of A$3.75bn ($2.4bn: £1.9bn).
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