Rupert Murdoch Buys 340,000-Acre Montana Ranch From Koch Family for $200M

Rupert Murdoch Buys 340,000-Acre Montana Ranch From Koch Family for $200M

Published: December 14, 2021 | By: American Luxury Staff

This month, media tycoon Rupert Murdoch and wife Jerry Hall purchased a massive ranch in Beaverhead County, Montana. The 340,000-acre property was sold by the Koch family, according to The Wall Street Journal, and changed hands for around $200 million.

Beaverhead Ranch, as it is known, is located near Yellowstone National Park. It was owned and sold by Koch subsidiary Matador Cattle Company. A working ranch, it contains 25 houses; currently, there are 15 working families living on the property. There are 7,000 cow/calf pairs, as well as wildlife populations that include elk and antelope.

The Koch family is behind privately held multinational conglomerate Koch Industries. The ranch was founded by Fred Koch in the 1950s, and the family expanded upon it over the years. According to The Wall Street Journal, 113,000 acres of the ranch are deeded; 225,000 acres are leased with grazing rights.

Koch Industries’ revenue clocked in at $115 billion in 2019. The company is led by Charles Koch; his net worth is north of $50 billion.

Murdoch is the founder of Fox News and News Corp, which owns The Wall Street Journal. His net worth is north of $20 billion.

10838 December 14, 2021 Real Estate December 14, 2021