Rupert Murdoch buys cattle ranch for $ 280 million from American Koch dynasty

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Rupert Murdoch and his wife Jerry Hall have just become the new owners of a $ 200 million ($ 280 million) cattle ranch in Montana, formerly owned by the billionaire Koch family.

Rupert Murdoch and Jerry Hall bought a massive cattle ranch in Montana.Credit:Christophe pearce

The 90-year-old media mogul bought the 340,000-acre (1,375-square-kilometer) property, known as the Beaverhead, a spokeswoman said, declining to comment on the price, which was previously reported by the the Wall Street newspaper.

Murdoch purchased the property from Matador Cattle, a unit of Koch Industries. The deal is the biggest ranch sale in Montana history and comes some 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, antelopes, and mule deer.

There is also a 45 kilometer long river for trout fishing and 25 houses. The ranch has nearly 7,000 cow / calf pairs of various breeds, according to the Matador Cattle website.

The Beaverhead Ranch in Montana.

The Beaverhead Ranch in Montana.

Murdoch, who is a political conservative and controls a media empire that in America includes Fox News Channel 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.

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Fred Koch’s son Charles, who now runs Koch Industries, is one of the most important donors in recent history to libertarian and conservative causes.


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