The court docket battle to find out the way forward for Rupert Murdoch's media empire and £14.9 billion household belief begins on Monday.
The case will pit Mr Murdoch, 93, in opposition to his three grown kids over who will inherit probably the most voting shares and controlling energy over News Corp and Fox News after the billionaire’s demise.
It has been reported that Mr Murdoch needed to amend a household belief created in 1999 in order that Lachlan might take management with out “interference” from his different siblings Prudence, Elizabeth and James.
The well-known household was one of many inspirations behind the massively common TV collection Succession – which Murdoch has at all times refused to touch upon.
Mr Murdoch has two different kids, Grace and Chloe, and has been married 5 occasions.
Since the Sixties, Mr Murdoch has grown his media empire right into a worldwide media large with monumental political and public affect.
He owns two firms – News Corporation, which owns newspapers reminiscent of The Times and The Sun in Britain and The Wall Street Journal within the US, and Fox, which broadcasts Fox News.
Journalist Andrew Neil revealed in a 2020 BBC documentary that Mr Murdoch had been grooming each his sons to comply with in his footsteps since they had been youngsters Rise of the Murdoch dynasty,
The former Sunday Times editor stated: “Family has always been very important to Rupert Murdoch, particularly from the point of view of creating a dynasty.”
In 1999, the Murdoch Family Trust, which owns the media firms, needed to take care of succession plans on a big scale.
As a end result, Mr Murdoch gave his eldest kids numerous jobs inside his firms.
However, variations in opinions and political beliefs are stated to have led to a household rift.
The media tycoon resigned as chairman of Fox and News Corp to nominate Lachlan, who reportedly holds the identical right-wing views as his father, as chairman.
This reportedly resulted in James, Elizabeth, and Prudence uniting and taking “vengeance”.
With inputs from BBC
