Kerry Stokes’s profile picture

Kerry Stokes

Kerry Stokes’s profile picture
Net worth 2018: $3.37 Billion
Industry: Diversified
Residence: Perth, Australia
Country: Australia
BirthDay: 13 September 1940
Sigh: Libra
Children: 4
BIOGRAPHY

Kerry Stokes was bornon 13 September 1940 in Perth, Australia, Australia. Kerry Stokes is #770 in List Billionaires People In The World. Kerry Stokes took a winding path en route to earning a fortune with his Seven Group Holdings, which has substantial media, construction and mining assets. Early in his life his mother gave him up for adoption, and he later dropped out of school at age 14. He started his career selling Caterpillar tractors and trucks in Australia and eventually China, before moving into media with Seven Group. He now also holds investments in cattle ranching and oil production. Stokes employs a team of people to manage his vast collection of paintings, sculptures and historic artifacts, many of which are on loan to art galleries around the world.

NET WORTH STATISTIC
2009

$1 Billion

2011

$2 Billion

2012

$2 Billion

2013

$2.3 Billion

2014

$1.7 Billion

2015

$1.15 Billion

2017

$1.8 Billion

2018

$3.37 Billion

TIMELINE
2015

Stokes has always had a keen interest in the pastoral industry and acquired the 4,047 square kilometres (1,563 sq mi) Napier Downs station stocked with 20,000 head of Red Brahman cattle from Peter Leutenegger in 2015 for an estimated A$23 million to A$40 million

2014

In 2014, the Business Review Weekly assessed Stokes' net worth at A$2

2012

In November 2012, Stokes was named Western Australia’s Australian of the Year for his extensive philanthropic contributions to Australian society

2008

On 20 May 2008, Stokes, in conjunction with the South Australian Government, purchased the Victoria Cross medal set of Major Peter Badcoe for A$480,000

2007

In 2007, Stokes' National Hire Group (over 50% owned by WesTrac) formed a joint venture with The Carlyle Group to acquire the equipment hire group Coates Hire

2004

The International Olympic Committee awarded Seven the Gold Medal for its TV coverage of the Athens Summer Olympics in 2004

2001

He delivered the Andrew Olle Media Lecture in October 2001

2000

In June 2000, Stokes told the ABC, "My background was very difficult, very hard and I wouldn't wish that on anybody

1996

In 1996 Stokes acquired a strategic 19 per cent stake in the Seven Network (now about 43 per cent), a network of commercial free-to-air television stations in Sydney, Melbourne, Brisbane and Adelaide, as well as regional Queensland & Perth

1995

In 1995 Stokes was appointed an Officer of the Order of Australia (AO) for service to business and commerce to the arts and to the community

1994

In 1994, Stokes delivered the Boyer Lectures, a series of five lectures broadcast annually on ABC radio

1992

His third marriage was to Australian television actress Peta Toppano in 1992

1988

He invested in the Caterpillar franchise in Western Australia (Wigmores Ltd) in 1988, and the company now called WesTrac has equipment dealer franchises in Western Australia, New South Wales, the Australian Capital Territory and nine provinces across China, with the total number of employees close to 4,000 people, as well as 500 apprentices in Australia

1987

These assets were sold to Frank Lowy in 1987

1979

In 1979 Stokes acquired Canberra's local TV station Seven Canberra, subsequently acquiring Seven Adelaide from Rupert Murdoch and won the TEN licence in Perth, as well as acquiring radio stations in Victoria, South Australia and Western Australia, through a vehicle called BDC

1960

Stokes' first reported job was to install TV antennas in Perth, followed by a sustained period in property development throughout the 1960s and 1970s

1940

Kerry Matthew Stokes AC, born John Patrick Alford on 13 September 1940, is an Australian businessman

1922

223 billion; making him the 14th richest individual Australian

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