WSJ NEWS EXCLUSIVE | PRIVATE PROPERTIES
Rupert Murdoch Buys $200 Million Montana Ranch From the Koch Family
The media mogul and his wife, Jerry Murdoch, purchased a cattle ranch spanning about 340,000 acres near Yellowstone National Park
By E.B. Solomont and Candace Taylor
eb.solomont@wsj.com
https://twitter.com/CandaceETaylor
candace.taylor@wsj.com
Dec. 9, 2021 11:02 am ET
Media mogul Rupert Murdoch and his wife, Jerry Murdoch, have purchased a Montana cattle ranch spanning about 340,000 acres from Matador Cattle Co., a subsidiary of Koch Industries. The price was roughly $200 million, making it the largest ranch sale in Montana history, according to people with knowledge of the deal.
Known as Beaverhead Ranch, the property is located in southwest Montana near Yellowstone National Park. It was originally purchased more than seven decades ago by Fred Koch, who founded the crude-oil-gathering business that grew into Koch Industries, according to Matador’s website. Koch Industries is now led by one of his sons, Charles Koch, who, with his late brother, David Koch, is known for backing Republican politicians and conservative causes. Koch Industries didn’t respond to requests for comment.
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