The Real Deal New York

Rupert Murdoch sells home to son for $30M

The media tycoon's Beverly Hills mansion was purchased by James Murdoch
February 28, 2015 04:00PM

Media tycoon Rupert Murdoch has sold his Beverly Hills mansion to his youngest son, James Murdoch, for $30 million.

The home was quietly listed for $35 million last year, receiving attention from the likes of Leonardo DiCaprio, but was eventually pulled from the market, according to Curbed.

The house was designed by architect Wallace Neff and built in 1926 for Fred Niblo, an actor and director. Rupert Murdoch acquired the 8,651-square-foot, 11-bedroom, nine-bathroom home in 1986 from the late physician, philanthropist and businessman Jules Stein.

In 2013, James Murdoch took out a $24 million loan last month on his townhouse at 117 East 69th Street[Curbed]Christopher Cameron