Fox Corporation is a publicly traded company, but effective control rests with the Murdoch family through a family trust and high‑voting shares, with Lachlan Murdoch as the key controlling figure. Institutional investors also own a large portion of the economic stake, but with far less voting power than the Murdoch bloc.

Who actually “owns” Fox Corporation?

  • Fox Corporation trades on Nasdaq under the tickers FOXA and FOX, meaning millions of shares are owned by public investors around the world.
  • Despite this broad shareholder base, control is concentrated via a dual‑class share structure that gives certain shares much stronger voting rights.
  • Through a family trust holding these super‑voting shares, the Murdoch family, led today by Lachlan Murdoch, effectively controls the company’s strategic direction.

Role of the Murdoch family

  • Historically, Rupert Murdoch built the empire and served as chairman, while his son Lachlan moved into top executive roles as chairman and CEO of Fox Corporation.
  • The family trust structure was designed so that, even as shares are traded on public markets, the Murdochs retain decisive voting control over major corporate decisions.
  • Recent reports describe Lachlan Murdoch as having secured long‑term control over the family media holdings, including Fox Corporation, after internal family trust disputes were settled.

Public shareholders vs. control

  • Most of Fox Corporation’s economic ownership is held by institutional investors such as mutual funds, pension funds, and hedge funds that collectively own a majority of the total equity.
  • The Murdoch family, however, holds a smaller share of the total economic interest but a dominant share of the high‑voting Class B stock, giving it outsized influence relative to its cash stake.
  • Retail investors also own a slice of the company through ordinary Class A shares that typically carry one vote per share and do not come with controlling power.

Quick timeline context

  • 2019: Fox Corporation is created as a “new Fox” after Disney acquires most of 21st Century Fox’s entertainment assets; the Murdochs retain the remaining news, sports, and broadcast properties under Fox Corporation.
  • 2023–2025: Rupert Murdoch steps back to a chairman emeritus role, and Lachlan consolidates his status as chairman and CEO, with legal agreements further cementing his long‑term control of the family trust that oversees Fox.

In practical terms, when people ask “who owns Fox Corporation,” they are usually asking who controls it, and that answer today is: the Murdoch family, with Lachlan Murdoch at the helm, even though the company’s shares are widely held on public markets.

Information gathered from public forums or data available on the internet and portrayed here.