Murdoch, who is known as one of the media moguls, bought the 340,000-acre property called Beaverhead and declined to comment on prices previously reported by The Wall Street Journal.

The farm is located in southwestern Montana, near Yellowstone National Park. There is also a 28 mile river for trout fishing and 25 houses.

Murdoch’s fortune includes Fox News and the Wall Street Journal and is worth $ 8.8 billion, according to the Bloomberg Billionaires Index.