On September 9, Jin10 reported that the Murdoch family, ranking 87th on the global billionaire list with a net worth of $24.4 billion, has reached a settlement in a family trust lawsuit. The trust holds controlling interests in their two major media holding companies, Fox and News Corp, with eldest son Lachlan Murdoch taking over this family empire. According to the settlement agreement, Murdoch's other three children—second son James, eldest daughter Prudence, and second daughter Elisabeth—will no longer be beneficiaries of the trust fund. Based on the current stock prices of Fox and News Corp, they will receive approximately $1.4 billion from the sale of Class B shares. According to the statement, a family holding company controlled by Lachlan will own 36.2% of Fox's Class B shares and 33.1% of News Corp's Class B shares.
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