Understanding who owns Fox Corporation isn’t just about identifying a name on a share certificate — it’s about unraveling decades of media history, family succession planning, public and institutional ownership, and governance structures. In this detailed analysis, we’ll explore the business ownership of one of the most influential media companies in the world: Fox Corporation. Throughout this article, we’ll examine who owns fox corporation, the role of the Murdoch family, the structure of voting control, how public shareholders fit into the picture, and what this means for the company’s future.
Fox Corporation is an American mass media company headquartered in Midtown Manhattan, New York City. Established in 2019 as a spin-off from what was formerly known as 21st Century Fox, Fox Corporation was created to house traditional broadcast assets including the Fox Broadcasting Company, Fox News Media, Fox Sports Media Group, and streaming service Tubi. Though the company has roots in media ventures dating back to William Fox, its current structure is heavily influenced by the Murdoch family legacy.
When discussing who owns Fox Corporation, it’s important to differentiate between the economic ownership of the company (who holds its stock) and the voting or control ownership (who makes decisions about the company’s direction). Fox Corporation is a publicly traded company with multiple classes of stock, meaning its shares are available on open markets and held by a mixture of institutional investors, public funds, and private trusts.
However, the question of who owns Fox Corporation in a controlling sense leads us directly to the Murdoch family — and specifically to Lachlan Murdoch. According to the company’s ownership structure, the Murdoch family trust, often referred to in filings as LGC Holdco or the “LGC Family Trust,” holds a significant stake in Fox Corporation’s Class B stock. These shares carry superior voting rights which give the trust, and by extension its beneficiaries, effective control over corporate decisions.
The most recent ownership data indicates that the LGC Family Trust holds approximately 36.24% of Fox Corporation’s Class B shares, which translates to a commanding voting position relative to the total number of shares outstanding. This concentration of voting power means that who owns Fox Corporation cannot be fully understood without recognizing that the family trust’s voting control outweighs the influence of many other institutional or retail shareholders.
Lachlan Murdoch — son of media magnate Rupert Murdoch — plays a central role in this structure. He currently serves as Chairman and Chief Executive Officer of Fox Corporation and is widely recognized as the primary beneficiary of the family trust that controls the company’s voting power. In September 2025, the Murdoch family announced a settlement that greatly clarified succession and control: Lachlan, along with two of his younger sisters, Grace and Chloe, would be the primary beneficiaries of a new trust arrangement that owns large blocks of voting shares in Fox Corporation.
This arrangement is crucial to understanding who owns Fox Corporation in a practical sense. While the public and institutional investors may collectively own more than half of the total equity shares, the unique dual-class share structure ensures that the Murdoch family’s stake — even if smaller in economic terms — controls corporate governance. This means that day-to-day strategic decisions and long-term policies are largely shaped by those holding the majority of voting power, not necessarily those with the largest economic investment.
Institutional investors also play a significant role in the ownership landscape of Fox Corporation. Firms like Vanguard Fiduciary Trust Co., BlackRock Advisors LLC, State Street Corporation, and Dodge & Cox are among the largest non-family shareholders. These institutions own significant percentages of the economic shares — but without equivalent voting power, their influence is more aligned with financial interests rather than governance control. This reflects a broader trend in public markets where large funds accumulate stakes for investment purposes, but corporate governance is often tightly held by insiders or special share classes.
Beyond the statistics and share percentages, understanding who owns Fox Corporation also involves appreciating the strategic context of its formation. Fox Corporation emerged from the acquisition of 21st Century Fox by The Walt Disney Company, a deal finalized in March 2019. The legacy media assets that were not sold to Disney became part of the newly formed Fox Corporation — which was then spun off as an independent public company. This separation reinforced the importance of defining who would maintain control of the remaining franchise, particularly given its prominence in national and international news, sports, and broadcast media.
Rupert Murdoch, the company’s founder and long-time leader, transitioned to the role of Chairman Emeritus but still wields influence through the family trust and public reputation. Who owns Fox Corporation today reflects not only his legacy but also the strategic handover to a new generation — one that is expected to guide the company well into the mid-21st century.
In economic terms, Fox Corporation’s public trading status means that ownership is widely dispersed among a broad base of institutional and retail investors. But in governance terms, who owns Fox Corporation points directly to the concentrated control held by the Murdoch family through the trust and its Class B shares.
The structure of dual-class shares — common in media, tech, and other legacy industries — allows this concentration of control to persist even as the company evolves and engages with global markets. This duality underscores a fundamental insight: who owns Fox Corporation is not simply a matter of stock certificates and percentage allocations, but a complex interplay of historical legacy, family control, public investment, and strategic governance.
As Fox Corporation moves forward in an increasingly digital and competitive media environment, questions about who owns Fox Corporation will continue to shape investor sentiment, corporate strategy, and public perception. The answer is rooted in both public markets and deep-seated familial influence that has come to define one of America’s most recognizable media brands.