Five things to know about Lachlan Murdoch

The appointment of Lachlan Murdoch as chairman of Fox and News Corp solidifies his position as one of the most powerful media barons in the world.

What do we know about Rupert Murdoch's eldest son and successor?

A British-American in Australia

Lachlan Murdoch, 52, is one of three children Rupert Murdoch had with his second wife, Scottish journalist Anna Maria dePeyster.

Born in London, Lachlan was educated at prestigious American schools, graduating from Princeton University in 1994. His senior thesis wrestled with German philosophy and began with a quote from Lord Byron.

After leaving Princeton, he spent much of his career in Australia, managing his father's businesses.