Rupert Murdoch purchased a 340,000-acre Montana cattle ranch from the Koch family for roughly $200 million, making it the largest ranch sale in state history, people with knowledge of the deal said
Media mogul Rupert Murdoch and his wife, Jerry Murdoch, have purchased a Montana cattle ranch spanning about 340,000 acres from Matador Cattle Co., a subsidiary of Koch Industries. The price was roughly $200 million, making it the largest ranch sale in Montana history, according to people with knowledge of the deal.
Known as Beaverhead Ranch, the property is located in southwest Montana near Yellowstone National Park. It was originally purchased more than seven decades ago by Fred Koch, who founded the crude-oil-gathering business that grew into Koch Industries, according to Matador’s website. Koch Industries is now led by one of his sons, Charles Koch, who, with his late brother, David Koch, is known for backing Republican politicians and conservative causes.
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