Rupert Murdoch demanded his kids give him $100 million each as a sign of respect [Fortune]
Fox Corporation - Class B (FOX)
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Source: Fortune
titan—who's worth an estimated $10.4 billion — asked his four oldest children to give him upward of $100 million from their respective payouts, according to reporting from The Wall Street Journal The Fox sale netted $12 billion to be split among the children. But only three of them obliged. Lachlan, Elisabeth, and Prudence each gave the patriarch the money as a “sign of respect for the fortune he had earned over the years,” according to the WSJ . But James, one of the younger sons who had regularly had beef with his father over differing political and business-related views, refused. The entire transaction was quite odd, considering how Rupert Murdoch has gone to great lengths to ensure his children acquire his fortune when he dies. But Rupert has reportedly shown preference for Lachlan, the eldest son, and wants him to inherit his entire media empire. Through its trust, the Murdoch family controls both Fox Corp and News Corp. Fox owns Fox News, all 29 Fox TV stations, Fox Sports,
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