The trust currently would divide control of the company equally among Murdoch’s four oldest children – Lachlan, James, Elisabeth ... set to return to the White House in January.

This story was updated in November to reflect James Murdoch's previously undisclosed investment in the app Octi. As scions go, the third generation of Murdochs — who, along with their father ...

James Murdoch (centre left) and his sisters Prudence and Elisabeth challenged attempts by their father Rupert and brother Lachlan (right) to change the family trust set up in 1999. The recent well ...