Lachlan Keith Murdoch
(born 8 September 1971) is a British-Australian media heir and businessman. He is currently the Executive Chairman of Nova Entertainment, non-executive Co-Chairman of News Corp and 21st Century Fox and founder of Australian investment company Illyria Pty Ltd.
Early life and education
Lachlan Murdoch was born on September 8, 1971 in London, UK. He is the eldest son of Australian-American media mogul Rupert Murdoch and his second wife Scottish journalist and author Anna Murdoch Mann. He was raised in a wealthy New York City neighbourhood where his father owned the New York Post. He received his education at the exclusive Aspen Country Day School in Aspen, Colorado (U.S.), Trinity School in New York City as well as at the Phillips Academy in Andover, Massachusetts (U.S.). He received his Bachelor of Arts degree from Princeton University in 1994.
In 1989, Rupert Murdoch brought Lachlan Murdoch, then 18 years old, to Australia while on business, to have Lachlan trained for three months at the Daily Mirror. At the age of 22, Murdoch was appointed general manager of Queensland Newspapers, which publishes The Courier-Mail in Brisbane. One year later, he became publisher of Australia’s first national paper, The Australian. In 1995 he was appointed Deputy CEO of News Limited, Executive Director of News Corporation in 1996, Deputy Chief Operating Officer in 2000; he was made Senior Executive Vice President from 1999 to 2000, and has been Chairman of STAR since 1995.
Murdoch was extensively criticised for encouraging News Corporation's multi-hundred million-dollar investment in One.Tel, which lost the empire millions of dollars. Murdoch was encouraged to invest in One.Tel by his friend Australian businessman James Packer, the son of television network owner Kerry Packer. Murdoch has subsequently been credited with personally driving an initial $10.75 million investment, of which only $2.25 million was in cash, in REA Group, and subsequently championing the retention of the investment over the objections of those who wished to sell it, with the company later emerging as Australia's market leader in online real estate advertising, now worth more than $3.6 billion to News Corp.
Source @ Wikipedia