Biography & Early Wealth Journey

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Lachlan Murdoch will be the new CEO of Fox Corporation. Rupert is co-chairman. James is striking out on his own with a new investment company and a seat on the board of Tesla. Elisabeth sold her reality TV production company to her father's company for $670 million in 2011. Prudence is a media executive not involved in the family business. Grace and Chloe are 18-years-old and 16-years-old.

Murdoch also announced the appointment of former Republican Speaker of the House Paul Ryan to the board of directors of the new Fox Corporation. Other new directors of the slimmed down company include longtime Fox executive Chase Carey, and Aragon Global Holdings Founder Anne Dias (who is Ken Griffin's ex-wife) and former CEO of Telemundo Roland Hernandez.