Source: Fortune
Summary
James Murdoch, the estranged son of Rupert Murdoch, invested an estimated $120 million in SpaceX before its IPO and could now be worth as much as $7.5 billion. The investment was made through three separate tranches of stock in 2019 and 2020, and its value has grown significantly since then. Murdoch’s success could be a rebuke to his father, who once suggested that James would never succeed without him.
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The announcement sounds familiar.
James Murdoch’s investment in SpaceX could be worth as much as $7.5 billion. He invested $120 million in three separate tranches of stock in 2019 and 2020. The value of his investment has grown significantly since then. This success could be a rebuke to his father, Rupert Murdoch, who once suggested that James would never succeed without him. James Murdoch has been a savvy investor since his exit from Fox, and his investment in SpaceX is just one example of his successful investments.
The numbers tell one story: James Murdoch’s investment in SpaceX has paid off big time.
Author: Evan Null
