with

The 94-year-old mogul wanted to ensure the conservative leanings of his media empire would carry on and felt that Lachlan Murdoch, 54, who serves as chairman and chief executive of Fox, was the most ideologically compatible with his own point of view.

For much of the last year, James, Elisabeth and Prudence were sharply at odds with their father and Lachlan.

Fox said Monday that voting control of the Fox and News Corp. shares held by this trust “will rest solely with Lachlan Murdoch through his appointed managing director” through 2050.

The dollar figure was confirmed by a person familiar with the matter who was not authorized to comment publicly.

Over the years, he gave Elisabeth, James and Lachlan executive roles in the company allowing them to work with him and learn the sharp-elbowed business.