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Murdoch Billionaires Multiply After Disney Closes Fox Deal

March 20, 2019, 1:15 PM

Walt Disney Co.’s $71 billion takeover of a swath of 21st Century Fox Inc.’s assets isn’t just remaking the media landscape. It’s reshaping the fortune of one of the industry’s most powerful dynasties.

Over more than half a century, Rupert Murdoch built a media empire, and he’s now worth $19.3 billion. But the $12 billion of proceeds from the Disney deal are set to be distributed to his six children -- Prudence, Elisabeth, Lachlan, James, Grace Helen and Chloe. That will make them billionaires in their own right while cutting the elder Murdoch’s fortune to $7.3 billion, according to calculations ...