[Newsmax via Citizen Free Press] James Murdoch, an heir to the Fox News fortune, spent $20 million opposing Donald Trump's 2020 reelection while funneling another $100 million through a nonprofit to support leftwing political groups, according to a new report.
It has been widely known that the young Murdochs backed President Joe Biden's candidacy, but the $100 million for Democrats and other PACs was not well publicized, having been funneled through Quadrivium, CNBC reported.
The Murdoch family is worth $22 billion, according to Forbes.
The family controls Fox Corp and News Corp. James' brother, Lachlan Murdoch, is CEO of Fox, the parent to Fox News.
While James' father, 90-year-old billionaire Rupert Murdoch, and brother, Lachlan, are considered staunch Republicans, James has made known to associates that upon his father’s passing he and his more liberal sisters will control the family trust, and thereby Fox News.
Earlier this year, the Financial Times reported that upon gaining control, James and his sisters do not plan on selling Fox News, but will reshape it into an establishment media outlet.
| A woderful way to turn a large fortune into a small one — liberals will never watch what they scorn as Faux News, while conservatives will continue leaving for more congenial news sources, of which there are an increasing number. |
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