But this roller coaster existence has been a hallmark of his 41-year career. The world's most powerful media baron started with a small Australian paper inherited from his father. From his grandfather came the risk-taking traits that have fueled his success.
Does he have a global vision for his News Corp. today? "It's an ambition as much as a vision," says Mr. Murdoch, who believes the "marriage of satellite, computer and TV camera" is changing the world.