Ivanka Trump oversaw Murdoch daughters’ trust

Donald Trump’s daughter Ivanka was a trustee for a large bloc of shares in 21st Century Fox and News Corp that belong to Rupert Murdoch’s two youngest daughters, underscoring the close ties between the US president’s family and the mogul behind the Fox News Channel.

The president’s daughter was a trustee of Grace and Chloe Murdoch, Murdoch’s children by his ex-wife Wendi Deng, during the campaign. The two girls, aged 15 and 13, hold shares worth close to a combined $300 million in the two companies, which are controlled by Murdoch and his family. Ivanka Trump said that she stepped down from the board on December 28.