Christmas is set to be had acted in “bad faith”. awkward at the Murdochs’ this year after patriarch Rupert lost the bid to change control of his family trust.
According to reports, the billionaire, 93, tried to give full control of his media empire to his eldest son Lachlan after he dies. A commissioner in Nevada rejected the attempt, saying that Rupert and Lachlan, 53, had acted in “bad faith”.
Rupert wanted to amend his 1999 trust to stop his kids Prudence, 66, Elisabeth, 56, and James, 51, from “interfering”. Instead, control of the company will be divided among his four eldest children. His two youngest – Grace, 23, and Chloe, 21 – don’t have voting power.
Rupert plans to appeal the commissioner’s ruling.…