Rupert Murdoch and his wife have sold their Long Island estate for $9.1 million. The property had been on the market for over four years before finally selling. The News Corp CEO and his wife Wendi Deng had called the mansion Rosehearty.
The home is located in the town of Oyster Bay. They purchased the estate 2003. The original asking price was for $14.8 million.
The house sits on 4.6 acres and was partially decorated by Oval Office decorator Michael Smith. The 1900’s colonial-style house has 11 bedrooms, 7 and a half bathrooms, and a 950-square foot guest house. The grounds also include a giant swimming pool with a water slide, a full lit tennis court, and an eight car garage.
The sale must be in the beginning stages of a contract as property records are yet to show a change in ownership. Murdoch and Deng also own a home in Manhattan on 5th Avenue. They own another mansion in the mountains near Beverly Hills, which is a 8,651 square foot mansion.
The Rosehearty Long Island home made headlines in 2009 when the couple rented it out to Brad Pitt and Angelina Jolie. The rent was a reported $100,000 a month. The property was a good investment for a rental, but he lost money by selling it for $9.1 million.
In 1953, Rupert became managing director of News Limited, inherited from his father. He acquired troubled newspapers in Australia and New Zealand during the 1950s and ’60s before expanding into the UK in 1969, taking over the News of the World and then, The Sun, which he built into Britain’s best selling daily. He moved to New York in 1974 and expanded into the US market, and in 1985, he became a US citizen.
Murdoch has been listed three times in the TIME 100 as among the most influential people. He is ranked the 13th in the 2010 Forbes’ The World’s Most Powerful People list. With a net worth of $7.6 billion, Rupert was ranked 117th wealthiest person in the world in March 2011.