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The Murdoch Family’s Staggering Real Estate Portfolio

Published

1 year ago

November 17, 2023

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The Murdoch Family’s Staggering Real Estate Portfolio

Rupert Murdoch’s One Madison holdings once consisted of the top four floors of the building.

Photo: David Krieger/Bauer-Griffin/Getty Images

A $27 million New York town house

In 2015, Murdoch acquired a gigantic 6,500-square-foot redbrick house in the heart of Manhattan’s West Village. The light-filled home includes a large cellar, a gym, and a screening room. A spacious terrace offers views of the Statue of Liberty and the nearby Empire State Building. He listed the downtown abode the year after purchasing it for $28.9 million, selling it for $27.5 million.

A $14.5 million English country house

In 2019, Murdoch spent $14.5 million on a historic Georgian estate called Holmwood House in Oxfordshire, near the village of Henley-on-Thames. Built in the early 1700s, it was home to the 19th-century poet and critic Algernon Swinburne. It boasts 11 bedrooms, an infinity pool, and a dance studio, as well as three additional buildings across 25 acres of property.

A $200 million Montana ranch

In 2021, Rupert Murdoch and his then wife Jerry Hall purchased a cattle ranch in southwest Montana near Yellowstone Park from a subsidiary of Koch industries. The sprawling 340,000-acre property spans two counties and includes a 28-mile-long trout fishing river, as well as 25 homes, which are mostly occupied by employees.

Lachlan Murdoch’s $150 million Beverly Hills home

In 2019, Lachlan Murdoch purchased a palatial Los Angeles mansion for $150 million—which marked the most expensive ever sold in the city. The 25,000-square-foot mansion, named Chartwell Estate, previously belonged to former Univision CEO Jerry Perenchio, who died in 2017. It features 11 bedrooms, 18 bathrooms, a 12,000-bottle wine cellar, a swimming pool, many acres of gardens, and even some underground passages. Chartwell Estate and its exterior were used in the credits of the 1960s comedy series The Beverly Hillbillies.

James Murdoch’s real estate holdings

In 2014, Rupert sold his Beverly Hills estate to his son James for $30 million. Designed by renowned architect Wallace Neff in the 1920s, the horseshoe-shaped construction spans 8,650 square feet, with 11 bedrooms and nine bathrooms.

James also built a relatively self-sufficient home in a remote part of British Columbia, reportedly outfitted with its own solar energy as well as a built-in bunker. The six-bedroom cabin overlooks the water and also boasts an airstrip and a floating restaurant. The property cost him $1.3 million.

The (future) English manor of Elisabeth Murdoch

Currently a work in progress, Elisabeth Murdoch’s English country mansion on the edge of the Cotswolds remains under construction. It’s situated on property worth nearly $12.5 million, while the construction costs have been estimated to be around $124 million, according to the Daily Mail. The publication claims that the final home will be one of the most expensive in the country. Plans reportedly include a spa, an indoor pool, a tennis court, nine en suite bedrooms, a cinema, and a spectacular forest of mature trees—a perfect place for the heiress to throw one of her legendary New Year’s Eve parties.

This article originally appeared on AD France and has been translated.

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Dallas, TX

5-Star WR Dallas Wilson to Request Release from Oregon Paperwork, Sign With Florida

Published

46 minutes ago

December 19, 2024

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5-Star WR Dallas Wilson to Request Release from Oregon Paperwork, Sign With Florida

On3 Industry Five-star Tampa Bay (Fla.) Tech wide receiver and Oregon Ducks signee Dallas Wilson is expected to request a release from his Oregon financial affidavit and sign with the Florida Gators, according to a report from Zach Abolverdi.

Abolverdi’s report states that Oregon has until Thursday to respond to his request.

Wilson signed with the Ducks to play for Dan Lanning on December 4 after Florida made a strong push late in his recruitment, hosting him on campus for a late unofficial visit. The coveted pass catcher had been committed to Oregon since January 17, 2023.

Wilson is rated a five-star (97.09 per On3 Industry) prospect. He’s ranked the No. 19 player nationally, the No. wide receiver and the No. 3 player in Florida. As a senior in 2024 he caught 41 passes for 677 yards and 9 touchdowns (according to MaxPreps).

The Florida native was one of three wide receivers to sign with Oregon in the 2025 recruiting class, along with five-star+ plus Duncanville (Tex.) wide receiver Dakorien Moore and four-star Scottsdale (Ariz.) Notre Dame Preparatory wide receiver Cooper Perry.

Oregon is expected to lose wide receivers Tez Johnson and Traeshon Holden following the 2024 season. Junior wide receiver Evan Stewart could declare for the 2025 NFL Draft, which would create a larger need at the position for Junior Adams and the Ducks.

Dallas Wilson Highlights

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Miami, FL

Police chase of carjacker ends in Miami Gardens strip mall parking lot

Published

50 minutes ago

December 19, 2024

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Police chase of carjacker ends in Miami Gardens strip mall parking lot – CBS Miami

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The Broward Sheriff’s Office initiated the pursuit which ended at US 441 and NW 209 Street. One person was taken into custody.

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Atlanta, GA

Atlanta leads in rental properties affected by price algorithms, report says

Published

1 hour ago

December 19, 2024

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Atlanta leads in rental properties affected by price algorithms, report says

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ATLANTA – Atlanta has the highest number of rental properties impacted by price adjustment algorithms, according to a recent White House analysis on RealPage, a company under scrutiny by the Department of Justice.

The DOJ has accused RealPage of harming renters through its price-setting software, which uses algorithms to adjust rental rates. The White House noted that limited housing supply and reduced competition contribute to higher prices, with the issue particularly pronounced in Atlanta.

READ THE REPORT

In Atlanta, about three-fourths of available rental units are affected by RealPage’s algorithms, according to the report. Nationally, the company’s software is used in at least 10% of rental properties.

The analysis estimates that the pricing algorithms add about $181 per month to Atlanta renters’ costs, significantly higher than the $70 national average increase.

RealPage denies that its revenue management software is the issue and says that housing affordability is the real issue. They have devoted considerable space on their website to disputing various reports.

Atlanta ranked 30th most expensive rental market for month of November, study says

Additionally, they released a statement in response to the report from the White House saying, “We are disappointed The White House CEA never contacted RealPage about their report, which is riddled with flawed assumptions.”

RealPage says that the White House’s conclusions were based on the “erroneous assumptions” that all property managers are setting coordinated rents.

7 corporations own more than 50K metro Atlanta rental homes, analysis finds

The company is correct in saying that affordable housing is a major concern for many Americans.

Atlanta Beltline surpasses affordable housing goals, eyes 7,500-unit milestone

HousingAtlantaReal EstateNews

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