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David H. Murdock Net Worth

David H. Murdock Net Worth

David H Murdock Net Worth $2.4 Billion

American businessman David Howard Murdock comes with an estimated net worth of $2.4 billion as of March 2013 according to Forbes. Murdock amassed most of his net worth from his property investments and Dole. After moving to Arizona, he started his home and commercial real estate business. Despite the fall of the property business in the 1960’s, Murdock still continued making money by developing real estates. It was in 1978 when Murdock took over the International Mining. In early 1980’s, he became Occidental Petroleum’s biggest shareholder. It was in 1985 when Murdock took control of Castle & Cooke which was at that time in the brink of declaring for bankruptcy. Castle & Cooke owned Dole Food Company, a distinguished banana and pineapple company. Under his direction, he was able to enlarge Castle & Cooke’s portfolio into commercial and residential property properties while Dole became the biggest producer of vegetables and fruits on the planet. In 2003, Dole went private and now, it trades on the New York Stock Exchange. In addition to Dole and Castle & Cooke, David Murdock can also be the owner of Pacific Clay.

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