• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipRupert Murdoch

Rupert Murdoch’s children started ‘secretly discussing’ the future of his empire after seeing a ‘Succession’ episode

Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
Sydney Lake
By
Sydney Lake
Sydney Lake
Associate Editor
Down Arrow Button Icon
December 10, 2024, 12:57 PM ET
Rupert Murdoch and his son Lachlan
Rupert Murdoch wants to pass his media empire on to his son Lachlan.Getty Images—David Paul Morris/Bloomberg
  • The four eldest children of Rupert Murdoch, the former chairman and CEO of Fox News and News Corp., have been vying for the power of their father’s media empire and started discussing the future of it after seeing an episode of hit HBO show “Succession.”

The deliberation over what will happen to Rupert Murdoch’s vast media empire has come to a head. 

Recommended Video

On Saturday, a Nevada commissioner ruled against Murdoch’s attempt to change his family’s trust to put his eldest son, Lachlan, in charge of the media empire and solidify Fox News’ right-wing editorial swing, according to a sealed court document obtained by the New York Times. Murdoch, 93, had already named Lachlan as his corporate successor when he stepped down last year as chairman of Fox News and News Corp.

The drama of what would happen to Murdoch’s power and wealth (which is estimated at about $12 billion, according to the Bloomberg Billionaires Index) has unfolded both in real life and on the screens in HBO’s hit television show Succession. While the TV show isn’t an outright depiction of the Murdoch family, there are several close ties, including a main character, Logan Roy, who is an aging media titan. Both Murdoch and Roy “encourage their children to compete to be their successor, though they seemingly have no intention of ever dying, let alone retiring,” according to New York magazine. 

The show had enough impact, though, on some of Murdoch’s children to encourage them to take action on their father’s succession plans. In September, Murdoch and his four eldest children—Lachlan, James, Elisabeth, and Prudence—met with several trust representatives for days of sealed, in-person testimony. The proceedings from this testimony revealed Murdoch’s children had started “secretly discussing the public-relations strategy for their father’s death in April 2023,” according to the NYT. And what reportedly kicked off the discussions was an episode of Succession in which the patriarch of the family dies. 

This episode reportedly prompted Elisabeth’s representative to the trust, Mark Devereux, to write a “Succession” memo “intended to help avoid a real-life repeat.”

What’s at stake with Murdoch’s media empire

Much like is portrayed in Succession, the Murdochs have a complicated family tree. Rupert Murdoch, the patriarch, has a total of six children, each of which will get a portion of the family fortune. However, the two youngest of Murdoch’s children, Chloe and Grace, whom Murdoch had with his third wife, Wendi Deng, don’t stand to get the same voting power as Lachlan, James, Elisabeth, and Prudence. Murdoch had Prudence with his first wife, Patricia Booker, and Elisabeth, Lachlan, and James share the same mother: Anna Torv, Murdoch’s second wife. The trust was established in 1999 as a compromise amid Murdoch’s divorce with Torv.

While even just a portion of Murdoch’s fortune may seem like enough to cause some family drama, what’s really at stake is voting power for Fox News. 

Lachlan, Murdoch’s eldest son, holds similar political opinions to his father, which makes him Murdoch’s top choice for controlling the media empire after his death—especially since James has regularly had beefs with his father over differing political and business-related views. Plus, James was the only one of Murdoch’s elder children who refused to give him $100 million each as a sign of respect after closing on the sale of Fox entertainment assets to Disney in spring 2019.

But now that the Nevada commissioner, Edmund J. Gorman Jr., has concluded that Murdoch and Lachlan acted in “bad faith” in their effort to change the irrevocable trust, their efforts to solidify Fox News’ and News Corp.’s futures will continue. Gorman called the plan to alter the trust a “carefully crafted charade” to “permanently cement Lachlan Murdoch’s executive roles” despite the impacts it could make on the company or the trust’s beneficiaries, according to the NYT. 

However, Murdoch has argued that maintaining the right-leaning political bent of Fox News and his other media outlets is in the best financial interest of the beneficiaries—and Murdoch and Lachlan plan to appeal, according to the NYT. 

Fox News did not immediately respond to Fortune’s request for comment.

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Author
Sydney Lake
By Sydney LakeAssociate Editor
LinkedIn iconTwitter icon

Sydney Lake is an associate editor at Fortune, where she writes and edits news for the publication's global news desk.

See full bioRight Arrow Button Icon

Latest in Leadership

CryptoBinance
Binance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
By Ben WeissDecember 7, 2025
5 hours ago
Future of WorkJamie Dimon
Jamie Dimon says even though AI will eliminate some jobs ‘maybe one day we’ll be working less hard but having wonderful lives’
By Jason MaDecember 7, 2025
15 hours ago
business
C-Suitechief executive officer (CEO)
Inside the Fortune 500 CEO pressure cooker: surviving is harder than ever and requires an ‘odd combination’ of traits
By Nick LichtenbergDecember 7, 2025
19 hours ago
Alex Amouyel is the President and CEO of Newman’s Own Foundation
Commentaryphilanthropy
Following in Paul Newman and Yvon Chouinard’s footsteps: There are more ways for leaders to give it away in ‘the Great Boomer Fire Sale’ than ever
By Alex AmouyelDecember 7, 2025
20 hours ago
Hank Green sipping tea
SuccessPersonal Finance
Millionaire YouTuber Hank Green tells Gen Z to rethink their Tesla bets—and shares the portfolio changes he’s making to avoid AI-bubble fallout
By Preston ForeDecember 7, 2025
21 hours ago
MagazineWarren Buffett
Warren Buffett: Business titan and cover star
By Indrani SenDecember 7, 2025
22 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
17 hours ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.