Kerry Stokes Net Worth

Table: Kerry Stokes’ Net Worth Information

What is Kerry Stokes’ Net Worth?

Kerry Stokes, an Australian businessman, has a net worth of $1.7 billion. His fortune comes from diversified sources, including interests in various industries such as property, mining and construction equipment, as well as print and electronic media. He is widely recognized as the Chairman of Seven Network, one of Australia’s largest broadcasting corporations.

Highlights

– Kerry Stokes’ net worth is estimated to be $1.7 billion.

– He is the Chairman of Seven Network, a major Australian broadcasting corporation.

– Stokes has interests in property, mining, construction equipment, and media.

Early Life

Kerry Stokes, originally named John Patrick Alford, was born on September 13, 1940, in Melbourne, Victoria. He was raised as the foster child of Matthew and Irene Stokes. Stokes began his career installing antennas in Perth, which was not considered a glamorous job.

Career

Stokes ventured into property development, focusing on shopping centers in Perth and regional Western Australia. Together with his partners Kevin Merifield and Jack Bendat, he achieved success in this field. Additionally, he became the owner of Australian Capital Equity (ACE), through which he holds interests in mining, petroleum exploration, construction, and property.

Furthermore, in 2007, Stokes formed a successful partnership with The Carlyle Group to establish Coates Hire Ltd from National Hire Ltd. This collaboration marked another milestone in his career.

Stokes is most widely recognized for his role as Chairman of Seven Network, a prominent broadcasting corporation in Australia.

Personal Life

Kerry Stokes has been married four times, with his fourth wife being Christine Simpson. He has four children and currently resides in Perth, Australia.

Net Worth Over Time

Kerry Stokes’ net worth has evolved over the years as a result of his diverse business ventures and investments. Starting from humble beginnings, specializing in antenna installations, he transitioned into property development and later expanded his interests to various industries. Through his involvement in mining, construction, and media, Stokes has grown his net worth to an impressive $1.7 billion.

Components of Net Worth

Kerry Stokes’ net worth comprises various components derived from his diverse business interests:

• Property: Stokes has invested in property development, particularly shopping centers in Perth and regional Western Australia.
• Mining: Through his ownership of Australian Capital Equity (ACE), Stokes holds interests in mining and petroleum exploration.
• Construction: Stokes has involvement in the construction industry, which contributes to his net worth.
• Media: As Chairman of Seven Network, Stokes benefits from his position in one of Australia’s largest broadcasting corporations.

These components, along with other investments and assets, cumulatively contribute to his net worth of $1.7 billion.

All net worths provided are calculated using data from public sources and, if available, private tips and feedback received from the celebrities or their representatives. While efforts are made to ensure accuracy, the figures are estimates.

We welcome corrections and feedback to improve the accuracy of our information.

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