Rupert Murdoch - A Multi-Billionaire Media Mogul, Political Kingmaker
NDTV
The two companies announced that Murdoch's eldest son Lachlan, currently co-chair of both and chief executive at Fox, would become sole chair.
Rupert Murdoch transformed media and politics on three continents, building a chain of newspapers he inherited from his father at just 21 into a lucrative and profoundly influential right-leaning empire.
A shrewd and often merciless businessman, the 92-year-old Murdoch announced he is stepping back from both News Corp and Fox, conglomerates which made him a billionaire and a fearsome political king-maker in his native Australia, his adopted United States, and Britain.
The two companies announced that Murdoch's eldest son Lachlan, currently co-chair of both and chief executive at Fox, would become sole chair.
