Rupert Murdoch’s nephew Paddy Handbury has sold his family’s long held Saltbush cropping and lambing aggregation in SA to five local farming businesses.
Paddy Handbury, a leading pastoralist and nephew of Rupert Murdoch, has raked in over $33 million after selling his family’s prized Saltbush cropping and prime lambing aggregation in South Australia’s mid-north region to five local farming businesses.
Father and son selling agents Geoff and Daniel Schell from Ray White Rural SA confirmed that all six properties were under contract to five local farming businesses. One family purchased two of the six properties.
Mr Handbury declined to comment on the successful divestment of the Saltbush aggregation, but stated in November that he was selling after buying “three cracking properties closer to home”.“We’re keen for our son Jack and his family to move down south while his family is still young, and he can run Saltbush Ag from the expanded property aggregation around Lucindale,” Mr Handbury said at the time.
Mr Handbury’s late mother Helen was the eldest sister of News Corp executive chairman Rupert Murdoch
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