Rupert Murdoch to sell luxury yacht

He may not be reduced to taking his valuables to the pawnbroker, but it seems that even Rupert Murdoch needs to raise a little extra cash.

The News Corporation CEO is advertising his 184-foot yacht, named Rosehearty, for a price believed to be a touch under $30 million.

According to the listing on Camper & Nicholsons International, the yacht is ideal for both private and charter use and has been impeccably maintained. It has six cabins and an interior designed by Christian Liaigre.

"Throughout her living areas, a neutral colour palette is used again pale oak woods and Hermes leather furnishings to create a truly luxurious feel," reads the listing.

"The aft deck offers ample space for sun lounging with three steamer-style loungers whilst the large upper deck and flybridge feature sunpads, that extend the full width of the aft section with a large Jacuzzi in front."

Back in 2009, Murdoch put Rosehearty up for rent for £181,000 per week, and it's believed that he has been using it a lot less himself in the last few years.

It's been a tricky year or two for Murdoch, thanks to the phone-hacking scandal and his pending divorce from his third wife, Wendi Deng - although there should be a limit to what this costs him, thanks to a prenuptial agreement. However, he does still have cause to count the pennies, after taking a $1.1 million pay cut this year, bringing his earnings down to $28.9 million.

His business empire, too, has suffered. In June, partly to counter shareholder concerns about the phone-hacking scandal, the old News Corporation was split in two, and the more profitable entertainment arm spun off under the name 21st Century Fox. The remaining News Corp holds brands like the Sun and Times in the UK and the US' Wall Street Journal and the New York Post.

Yesterday, in its first major move since the split, the new News Corp announced the sale of 23 small US newspapers which it said were "not strategically consistent with the emerging portfolio of the new News."

The Sunday Times rich list 2013
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Rupert Murdoch to sell luxury yacht

The 59-year-old billionaire has an almost 30% stake in Arsenal Football club and tops the list with an estimated worth of £13.3 billion.

Blavatnik's wealth rose from £3.4 billion last year to £11 billion in 2013 making him the biggest climber. He owns Warner Music and received £2 billion in April for his stake in TNK-BP.

Indian tycoons Sri and his brother Gopi Hinduja have a wealth of £10.6 billion from the industry and finance sector. The brothers made their fortune from their family firm Hinduja Group, a textile and trading exporter founded by their father in 1914.

Mittal spent eight years at the top of the rich list but slipped down to fourth place this year when the 40% stake he holds with his wife Usha in steelmaking giant ArcelorMittal plummeted from £28 billion to £5.95 billion.

With wealth totalling £9.3 billion, Roman Abramovich is most famous for buying Chelsea FC. A £200 million drop in his fortune lowers Abramovich from third to fourth spot.

Although largely unknown in Britain, 68-year-old Fredriksen is notorious in his native Norway as owner of the world's largest fleet of oil tankers. Once Norway's richest man and now a Cypriot national, the high-school dropout's companies are major players in shipping, offshore drilling and seafood.

The British-born billionaires, the Reuben brothers, are best-known for their vast UK property empire, which includes the John Lewis Partnership's headquarters in London's Victoria.

The Duke of Westminster is the second-highest ranked British billionaire and is worth an estimated £7.8 billion. He owns property group Grosvenor Estates, and half of London's Mayfair and Belgravia, as well as vast portions of the UK and Scotland.

With no change to their wealth this year, the Bertarellis are worth £7.4 billion. Born Kirsty Roper in 1971 into the Churchill China dynasty, 41-year-old Kirsty was a model and wrote the All Saints worldwide hit 'Black Coffee'.

Charlene de Carvalho-Heineken inherited a huge stake in Heineken, the world's third-largest brewer on the death of her father Freddy Heineken in 2002. Michel is an investment banker, former Olympic skier and toboganner, and and actor who appeared in the desert epic 'Lawrence of Arabia.'

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