What’s to become of Murdoch’s corporate orphans?
Now the Murdoch succession fix has been inked, we can usher in a new chapter and introduce a new family WhatsApp group – the multibillionaire Murdoch sibling refugees.
The members of this unity ticket of Elisabeth, James and Prudence have freedom from any constraints imposed from their former roles as shareholders in the family trust that owns the controlling stake in News Corp and Fox Corp.
The Murdoch family’s multibillion-dollar feud has come to an end. Rupert Murdoch and his four eldest children (from left), Lachlan, Elisabeth, Prudence and James.Credit: SMH
The $US1.1 billion ($1.7 billion) they will each receive from this week’s settlement for them is just a top-up from the payment of about $US1.7 billion in Disney shares they received when the empire sold assets to Disney in 2019. Murdoch’s two youngest children, Chloe and Grace from his marriage to Wendi Deng, received an equivalent payment from the Disney deal.
Sure, they won’t be Elon Musk, Jeff Bezos or Mark Zuckerberg rich, but they will be billionaires at least two times over.
But this middle-aged trio – especially James and Elisabeth – don’t possess the obscurity gene, having been members of arguably the most talked about family outside the British royals.
While, other........
© The Age
