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James Murdoch’s net worth is estimated at around $2 billion. He is popularly known as a British-American businessman and also the younger son of media mogul Rupert Murdoch. He was the chairman and CEO for Europe and Asia of News Corporation until 2013 when it was split into News Corp and 21st Century Fox. James was also formerly a director of News Corp and was a member of the office of the chairman.

James Murdoch Biography

Murdoch was born on 13 December 1972 at Wimbledon Hospital in Wimbledon, London, England. His parents are media mogul Rupert Murdoch and author Anna Murdoch Mann. James is the fourth child of his father and is regarded as the brightest.

Just like his elder brother, Lachlan Murdoch, James first came to public notice as a 15-year-old intern at the Sydney Daily Mirror but made headlines in the rival The Sydney Morning Herald after he was photographed asleep on a sofa at a press conference. He attended Horace Mann School in New York City and graduated in 1991.

He then studied film and history at Harvard University, where he was a member of the Harvard Lampoon. He dropped out of university in 1995 without completing his studies. With university friends Brian Brater and Jarret Myer, he backed the establishment of Rawkus Records, an independent hip-hop record label. The company was bought by News Corporation in 1998.

James joined News Corporation and was appointed chairman of Festival Records in 1996. He invested in News Corporation and contributed cartoons to US magazine Gear.

In May 2000, Murdoch was appointed chairman and chief executive of News Corporation’s ailing Asian satellite service Star Television, which at the time was losing £100 million a year, and he moved to Hong Kong. He also became a director of BSkyB in February 2003. Later that year, he controversially became CEO of BSkyB, in which News Corporation owns a controlling minority stake. His appointment sparked accusations of nepotism, with some commentators and shareholders feeling that the job had not been opened to outsiders and that Murdoch was too young and inexperienced to run one of the UK’s top companies.

James Murdoch announced the closure of the British tabloid newspaper the News of the World in the wake of a phone hacking scandal on 7 July 2011. In that same July, he appeared with his father at a hearing of the Commons Culture, Media and Sport Committee. He appeared once again before the same committee on 10 November 2011.

Murdoch has been married to Kathryn Hufschmid since 2000. They have 3 children together namely Anneka (born 2003), Walter (born 2004), and Emerson (born 2008). His wife, Kathryn works for the Clinton Climate Initiative, a charitable foundation set up by the former U.S. president, Bill Clinton in 2006. In 2020, Murdoch and his wife each donated US$615,000 to the Biden campaign.

What Is James Murdoch’s Net Worth?

James Murdoch’s net worth is estimated at around $2 billion. In 2018 the Murdoch family sold the majority of its assets to Walt Disney for $71.3 billion. The deal made each Murdoch child a multi-billionaire. In 2003, Murdoch became the CEO of the British broadcaster and telecommunications company BSkyB. This appointment was met with many accusations of nepotism, as the company is partially owned by Murdoch’s father’s News Corporation.

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