Business

Rupert Murdoch buys massive Montana Ranch for $ 200 million




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Billionaire Rupert Murdoch acquired a 340,000-acre ranch in Montana from a subsidiary of Koch Industries, Wall Street Journal reported.

Murdoch, who owns hundreds of publications through his company News Corp, paid around $ 200 million for the property. according to Journal, the price tag makes it the largest ranch sale in the state’s history.

The property is located near Yellowstone National Park and is full of wildlife, with Journal reports that the ranch is home to around 4,000 moose, 800 antelopes and 1,500 mules, as well as trout that live in its 280 km long stream.

“This is a profound responsibility,” a Murdoch spokesman said. “We feel privileged to be taking over the ownership of this beautiful country and look forward to continuously improving both the commercial cattle business and the conservation funds across the ranch.”

The property, known as Beaverhead Ranch, was originally purchased over 70 years ago Fred Koch, whose company later maintained ownership of it.

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