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Murdoch gives kids $600 million


houstonmacbro

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And you wonder how the rich stay FILTHY rich...? Seems like the common man doesn't have a chance against these kinds of family 'gifts'.

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Murdoch gives kids $600M

Media mogul awards each of his six children $100 million in News Corp. shares.

February 2 2007: 4:41 PM EST

NEW YORK (Reuters) -- Media tycoon Rupert Murdoch has awarded an estimated $600 million worth of News Corp. shares to his six children, according to regulatory filings on Friday.

Murdoch's six children, including Lachlan Murdoch, the former chief operating officer of News Corp., who left the company last year, will each receive about $100 million worth of class A non-voting shares each, a company spokesman said.

Full article here: http://money.cnn.com/2007/02/02/news/newsm...sion=2007020216

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