Murdoch Family Trust Dispute Ends with Elisabeth, James, and Prudence Excluded; Lachlan Consolidates Control
A long-running Nevada court dispute over the Murdoch family trust has concluded with Elisabeth Murdoch and two siblings, James and Prudence, being cut out of the family business. The three sold their shares and are barred from purchasing any future equity in the company.
Lachlan Murdoch is now the sole heir expected to run the family firm after Rupert Murdoch's death. Lachlan has led Fox Corporation since 2019 and became chairman of both Fox and News Corp in 2023.
Observers regard the family rift as deeply entrenched and likely permanent, with Elisabeth, James, and Prudence estranged from Rupert and the company. Under Lachlan's leadership, Fox Corp has pursued a digital and streaming strategy, notably with Tubi, while Fox News continues to maintain strong ratings. The company's share price has doubled during his tenure.
Rupert Murdoch, aged 94, remains influential and actively involved in the family's media empire, attending events such as a Windsor Castle banquet with former U.S. President Donald Trump. He is described as sharp and still in control.
The original 1999 family trust was established after Rupert's divorce from Anna. A court ruled that subsequent changes to the trust were made in bad faith, culminating in the settlement that excluded Elisabeth and her siblings.
Analysts warn that the debt and settlement pressures on the company could incentivize profit-focused and polarizing journalism to sustain profitability.
Elisabeth Murdoch, co-founder of Sister, and Prudence have signaled their intention to move on from the dispute, while Lachlan consolidates control over the family business.
