The Murdoch family, known for their vast media empire, is embroiled in a court battle that will determine the future of their £14.9bn family trust. The case, set to begin in the US, will pit 93-year-old media mogul Rupert Murdoch against three of his eldest children over who will gain the most voting shares and power to control News Corp and Fox News when he passes away.
Mr. Murdoch reportedly wanted to amend the family trust created in 1999 to ensure that son Lachlan could take control without interference from his siblings Prudence, Elisabeth, and James. The family, which served as inspiration for the hit TV series Succession, has always kept mum on the comparisons.
With two younger children, Grace and Chloe, who do not have any voting rights under the trust agreement, the Murdoch family drama is set to unfold in the courtroom. The media tycoon, who has been married five times, has built a media empire with major political and public influence through News Corporation and Fox.
The court case will shed light on the succession plans within the Murdoch family and the power struggles that have arisen among the siblings. The private court case is being held at Washoe County Courthouse in Reno, Nevada, and is expected to be closely watched by media and business observers alike. Stay tuned for updates on this high-stakes family feud that could shape the future of one of the world’s most influential media dynasties.
