https://en.wikipedia.org/wiki/Rupert_Murdoch#Children
Children[edit]
Murdoch has six children.[149] His eldest child, Prudence MacLeod, was appointed on 28 January 2011 to the board of Times Newspapers Ltd, part of News International, which publishes The Times and The Sunday Times.[150] Murdoch's elder son Lachlan, formerly the Deputy Chief Operating Officer at the News Corporation and publisher of the New York Post, was Murdoch's heir apparent before resigning from his executive posts at the global media company at the end of July 2005.[149] Lachlan's departure left James Murdoch, Chief Executive of the satellite television service British Sky Broadcasting since November 2003 as the only Murdoch son still directly involved with the company's operations, though Lachlan has agreed to remain on the News Corporation's board.[151]
After graduating from Vassar College[152] and marrying classmate Elkin Kwesi Pianim (the son of Ghanaian financial and political mogul Kwame Pianim) in 1993,[152] Murdoch's daughter Elisabeth and her husband purchased a pair of NBC-affiliate television stations in California, KSBW and KSBY, with a $35 million loan provided by her father. By quickly re-organising and re-selling them at a $12 million profit in 1995, Elisabeth emerged as an unexpected rival to her brothers for the eventual leadership of the publishing dynasty. But, after divorcing Pianim in 1998 and quarrelling publicly with her assigned mentor Sam Chisholm at BSkyB, she struck out on her own as a television and film producer in London. She has since enjoyed independent success, in conjunction with her second husband, Matthew Freud, the great-grandson of Sigmund Freud, whom she met in 1997 and married in 2001.[152]
It is not known how long Murdoch will remain as News Corporation's CEO. For a while the American cable television entrepreneur John Malone was the second-largest voting shareholder in News Corporation after Murdoch himself, potentially undermining the family's control. In 2007, the company announced that it would sell certain assets and give cash to Malone's company in exchange for its stock. In 2007, the company issued Murdoch's older children voting stock.[citation needed]
Murdoch has two children with Wendi Deng: Grace (b. New York, 19 November 2001)[22] and Chloe (b. New York, 17 July 2003).[134][135] It was revealed in September 2011 that Tony Blair is Grace's godfather.[153] There is reported to be tension between Murdoch and his oldest children over the terms of a trust holding the family's 28.5% stake in News Corporation, estimated in 2005 to be worth about $6.1 billion. Under the trust, his children by Wendi Deng share in the proceeds of the stock but have no voting privileges or control of the stock.
Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children of his first two marriages. Murdoch's voting privileges are not transferable but will expire upon his death and the stock will then be controlled solely by his children from the prior marriages, although their half-siblings will continue to derive their share of income from it. It is Murdoch's stated desire to have his children by Deng given a measure of control over the stock proportional to their financial interest in it (which would mean, if Murdoch dies while at least one of the children is a minor, that Deng would exercise that control). It does not appear that he has any strong legal grounds to contest the present arrangement, and both ex-wife Anna and their three children are said to be strongly resistant to any such change.[154]