Rupert Murdoch Sells His Beverly Hills Estate to His Son

James and Rupert Murdoch - H 2014
AP Images/Invision

James and Rupert Murdoch - H 2014

The historic property on Angelo Drive will get a minor redo

This story first appeared in the Dec. 12 issue of The Hollywood Reporter magazine.

Rupert Murdoch has found a buyer for his Angelo Drive estate in the hills above Beverly Hills: his son James Murdoch.

According to sources, the 21st Century Fox co-COO has taken ownership of the historic property, designed by Wallace Neff and built in 1926 for silent-film director Fred Niblo and actress Enid Bennett. According to sources, 41-year-old James already has commissioned contractors and an interior designer for a minor redo, which will maintain the historic relevance of the sprawling property (once listed for $35 million) while giving it an updated look.

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James, who lives in New York with wife Kathryn and their three children, has been spending more time in L.A. since his Fox responsibilities were broadened to include oversight of the domestic TV business. The news follows 83-year-old Rupert's purchase of the Moraga Vineyards estate in Bel Air, which he acquired for $28.8 million in August 2013.