Rupert Murdoch buys $280 million cattle ranch from American Koch dynasty
Rupert Murdoch and his wife Jerry Hall have just become the new owners of a $200 million ($280 million) ranch in Montana, formerly owned by the billionaire Koch family.
The 90-year-old media mogul bought the 340,000-acre (1,375 square kilometer) property, known as Beaverheada spokeswoman said, declining to comment on the price, which was previously reported by the the wall street journal.
Murdoch purchased the property from Matador Cattle, a unit of Koch Industries. The deal is the largest ranch sale in Montana history and comes about 70 years after Fred Koch, founder of the crude oil company that would later become Koch Industries, originally bought it.
The ranch is in southwestern Montana near Yellowstone National Park and is home to elk, antelope, and mule deer.
There is also a 45 kilometer river for trout fishing and 25 houses. According to the Matador Cattle website, the ranch has nearly 7,000 pairs of cows and calves of various breeds.
Murdoch, who is a political conservative and controls a media empire which, in America, includes Fox News and the The Wall Street Journal, is worth $8.8 billion, according to the Bloomberg Billionaires Index. He married Jerry Hall, his fourth wife, in 2016.
Fred Koch’s son Charles, who now runs Koch Industries, is one of the largest donors in recent history to libertarian and conservative causes.