Quick Google search:
“Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the US is the same as for a US resident.”
The missing link is to recognize that billionaires are citizens only technically. They have no interest in the well-being of their nation (or even their planet), nor are they subject to any of its laws.
If that’s Rupert Murdoch, he had to get US citizenship to be allowed to own Fox.
Quick Google search: “Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the US is the same as for a US resident.”
Broadcast news is one of the exceptions:
https://www.latimes.com/archives/la-xpm-1985-09-04-mn-23112-story.html
The missing link is to recognize that billionaires are citizens only technically. They have no interest in the well-being of their nation (or even their planet), nor are they subject to any of its laws.