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Lachlan Murdoch Emerges Victorious in Murdoch Family Trust Settlement
8 Sep
Summary
- Murdoch family settles long-running dispute over family trust
- Lachlan Murdoch to control new trusts, diluting family's voting power
- Rupert Murdoch to remain as Chairman Emeritus
On September 6th, 2025, the Murdoch family announced a settlement to their long-simmering dispute over the family trust. The agreement will see Lachlan Murdoch, the eldest son of media mogul Rupert Murdoch, emerge as the clear winner, taking control of the family's business empire.
As part of the settlement, Lachlan's siblings, Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, will each become beneficiaries of new trusts funded by the sale of 14.2 million shares of News Corp Class B common stock and approximately 16.9 million shares of Fox Corporation Class B common stock, previously held by the Murdoch family trust.
This sale will significantly dilute the Murdoch family's voting power in both companies, reducing their stake to approximately 33.1% of News Corp's Class B common stock and less than 0.1% of its Class A common stock, as well as around 36.2% of Fox Corporation's Class B common stock and less than 0.1% of its Class A common stock.
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The new trusts will be formed for Lachlan Murdoch, as well as his children, Grace and Chloe, with Lachlan maintaining control over the voting rights. Rupert Murdoch will continue in his role as Chairman Emeritus of the company, but the board of directors has stated that Lachlan's leadership and vision will be crucial in guiding the company's strategy and success.
