Lachlan Murdoch and the home on Sydney Harbor (Getty, Private Property Global)
Lachlan Murdoch, the son of billionaire media mogul Rupert Murdoch, has purchased a small home on Sydney Harbor for around $29.8 million.
The Piper Point property’s value is largely because it has 131 feet of frontage on unusually deep water, according to the Los Angeles Times. That means it can accommodate large yachts.
The property has two docks and four moorings for that purpose, making it one of the area’s largest privately owned marina facilities attached to a home, according to Forbes Global Properties.
For that, it appears Murdoch paid the full asking price for the roughly half-acre property.
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Baiju Kalesh and Anto Antony, Bloomberg News BEVERLY HILLS, CALIFORNIA - OCTOBER 23: (L-R) James Murdoch, founder and CEO of Lupa Systems and editor in chief at Vanity Fair Radhika Jones speak onstage during In Conversation at Vanity Fair s 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California. (Photo by Matt Winkelmeyer/Getty Images for Vanity Fair) Photographer: Matt Winkelmeyer/Getty Images North America , Photographer: Matt Winkelmeyer/Getty Images North America
(Bloomberg) Seven Islands Inc., backed by billionaire James Murdochâs investment company Lupa Systems LLC, and a former Walt Disney Co. executive filed to raise about $300 million listing a blank-check company in the U.S.
Seven Islands Inc., backed by billionaire James Murdoch’s investment company Lupa Systems LLC, and a former Walt Disney Co. executive filed to raise about $300 million listing a blank-check company in the U.S.
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