He's 74, and the son of Sir Keith Murdoch, who worked as a journalist and adviser to the Prime Minister of Australia during World War I. During this time, Sir Keith Murdoch was Australia's most influential newspaper executives, directing the Melbourne-based Herald and Weekly Times Ltd.

After his death in 1952, his son Keith Rupert Murdoch, went on to continue his father's business. The young Murdoch then established himself well by becoming one of most dynamic media proprietors in the country. His holdings quickly expanded by acquiring a string of daily and suburban newspapers in most capital cities, including the Sydney afternoon paper, The Daily Mirror.

His next important advancement established The Australian (Australia's first national daily newspaper). He moved on and acquired the Sydney-based Daily Telegraph, making him one of the "big three" newspaper proprietors in Australia.

Moving to Britain in the mid 1960s, he acquired the News of the World, The Sun and later The Times and The Sunday Times, becoming known as a ruthless and cunning business operator.

He founded The Independent in the 80's, and by now, you may have noticed the genius he has for tabloid newspapers? The Sun in London, The Herald Sun in Melbourne and The Daily Telegraph in Sydney are among the most successful, profitable and influential tabloids in the world, not to mention The Post in New York, the Village Voice, and New West.

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