Rupert Murdoch To Receive $142M Pension Payout

The Hill reports:

Rupert Murdoch, the outgoing chairman of Fox and News Corp., is set to receive $142 million in pension benefits as part of his retirement.

Murdoch, 92, has accumulated more than $140 million in pension benefits during his more than six decades-long career leading Fox Corp., financial news outlet Pension&Investments reported this week, citing the company’s 2022 proxy statement.

The top executive’s pension plan represents more than 15 percent of the assets in Fox Corp.’s Pension Plan, which serves some 2,000 active participants, retirees and beneficiaries of the company, the outlet reported.

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Rupert Murdoch, the outgoing chairman of Fox and News Corp., is set to receive $142 million in pension benefits as part of his retirement https://t.co/Q4wjID7KZB pic.twitter.com/1qXsjIPqNm

— The Hill (@thehill) September 22, 2023