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Rupert Murdoch he made one of the most remarkable deals of his epic career, spending a staggering $ 280 million to buy a picturesque American ranch that was once home to wild west cowboys.
The 90-year-old media giant and 65-year-old wife Jerry Hall bought a 340,000-acre Beaverhead cattle ranch. Montana from the Koch family of billionaires, who owned the estate for 70 years.
Located near Yellowstone National Park, the ranch is one of the largest in the country and has a nearly 28-mile-long private river for trout fishing and is populated by elk, antelope and deer.
Murdoch, now 90, is estimated to be worth about $ 30 billion and has long been friendly with the Koch family. He and Hall now plan to spend a lot of time on the ranch Wall Street Journal reports after splitting much of his business empire in 2019 and selling 21st Century Fox to Disney for $ 71 billion.
The couple, married in 2016, spent about a year working to buy a ranch to expand their estates in LA.
“It’s a big responsibility,” Murdoch told the Wall Street Journal.
“We feel privileged to have taken ownership of this beautiful land and look forward to continuously improving both the commercial cattle business as well as the means of conservation throughout the ranch.”

Media mogul Rupert Murdoch buys 34,000-acre Matador ranch (pictured) for $ 280 million

The ranch is located near Yellowstone National Park on a 50 mile long property in Montana

The Matador Cattle Company Ranch was once home to some Wild West cowboys in Montana

The estate is home to elk, antelope and deer mules, and is home to many horses

Murdoch’s deal to buy the Beaverhead Ranch (pictured) is the largest in Montana history. It was first owned by two butchers, who were eventually admitted to the National Cowboy Hall of Fame

Media giant and wife Jerry Hall (pictured together) bought the 139,000-acre Montana estate from the billionaire Koch family, with whom they have been friends for years.
The extensive estate is a functioning livestock ranch with 15 families of employees.
Of the 340,000 acres of property, 113,000 are registered and approximately 226,000 are leased for grazing rights. It stretches 50 miles from north to south, crosses two separate districts of Montana and is home to about 4,000 moose, 800 antelopes and 1,500 mule deer.
The property also includes 25 workers ’homes and according to the ranch’s website, it was home to a pair of cowboys in the 1880s whose families decided to sell the property to the wealthy Koch clan.
The family of billionaires are industrialists who are widely known for the financial support of conservative politicians in the U.S. Republican Party.
They bought it from the families of the original owners, Philip Poindexter and William Orr, who settled there in 1865 and were both Democrats.
The couple was inducted into the Montana Cowboy Hall of Fame in 2013.
They started out as butchers in mining towns and were the first cowboys to raise cattle and sheep in Montana.

The 139,000-acre ranch has a 27-mile private river for trout fishing.

Exterior view of a historic ranch located near Yellowstone National Park

The ranch dates back to the 19th century, when it was bought by Philip Poindexter and William Orr, who settled there in 1865.

The property has since become the first ranch in the United States to receive Wildlife at Work certification from the Wildlife Habitat Council for outstanding natural resource management programs.

A few horses are pictured in one of the stables on a wide-open ranch in Montana

The 2007 Beaverhead Award highlighted that historic buildings have been preserved, along with evidence of cowboy life there.

The ranch is “home to almost 7,000 pairs of cows / calves of different breeds, along with a large variety of wildlife, including wildlife, land and aquatic poultry, large and small mammals, fish and plants.”
Over the years, Beaverhead has received several accolades for its environment and conservation.
In 2002, it became the first ranch in the United States to receive Wildlife at Work certification from the Wildlife Habitats Council for outstanding natural resource management programs.
And the 2007 Beaverhead Award highlighted that historic buildings have been preserved, along with evidence of cowboy life there.
“The interior walls that needed to be replaced have been preserved, including the one with the cowboy signatures of the 1880s,” the Matador Cattle Company said in a statement.

The ranch is now a functioning ranch and is home to 15 families of employees

Murdoch, now 90 years old (pictured second from right), is said to be worth about $ 30 billion and has long been friends with the Koch family. David H. Koch is pictured right
But the spacious ranch is just one of many western properties Koch Industries has sold in recent months.
In March, the Journal reports, Koch Industries sold the Spring Creek Ranch, about an 11,000-acre ranch in Kansas, said Agent John Wilden of Hall and Hall. It did not disclose the sale price, but was quoted at about $ 23.2 million last year.
Meanwhile, Matador Ranch was listed for $ 124.45 million a few months ago, and in the past few months, about 100,000 acres of unconnected land comprising the ranch has been sold off in pieces to various buyers, says Sam Middleton of Chas S. Middleton and son.
He said sales prices ranged from $ 900 to $ 1,000 per hectare, with about 27,000 hectares remaining – at a price of $ 875 per hectare or $ 23.625 million.
“We hope to sell it in the next 35 to 40 days,” he told the Journal, stressing: “A lot of people are waiting to go out into the country” and “there has been a lot of demand for rural real estate.”
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