Rupert Murdoch's penthouse on sale for $72 million

Rupert Murdoch

For a hefty $72 million, Rupert Murdoch 's three-story penthouse at One Madison in Manhattan is on the market, The Wall Street Journal reported.

The News Corp executive chairman bought the triplex and a three-bedroom apartment in the same building for $57.25 million in February 2014, WSJ reports. The 6,850-square-foot penthouse, situated on floors 58, 59 and 60, has a circling terrace and views of the Empire State Building, the World Trade Center and the Hudson and East rivers.

The apartment was originally valued at $42.6 million, according to the New York Business Journal, marking a nearly 70 percent increase in the condo's value.

Read More Who did it better: John Malone or Rupert Murdoch?

While Murdoch bought the penthouse as a raw space, he hired architect Jose Ramirez to renovate the penthouse, according to the Journal, and has never lived in it.

The 84-year-old tycoon will keep the three-bedroom apartment until he moves to a $25 million townhouse in West Village, the Journal reported.

Read the full Wall Street Journal story here

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts