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Kerry Stokes Net Worth

Kerry Stokes: the Ultimate Convenience!

Stokes holds substantial interests in a wide variety of industries which include property, mining, print media, electronic media in addition to construction equipment. Now, he serves as the Chairman ofSeven Networkwhich is considered as one of Australia’slargest broadcasting corporations.

Kerry Stokes was really born asJohn Patrick Alford onSeptember 13, 1940 inMelbourne,Victoria. It took Stokes three unions before he finally settled with his fourth wife Christine Simpson. He’s four children named Ryan, Bryant, Raeline, and Russell.

Together with his partnersKevin Merifield andJack Bendat, Kerry Stokes managed to develope shopping centres inregional Western Australia and Perth. He is also the owner ofAustralian Capital Equity(ACE) that is a holding company for Stokes’ interests in mining, construction, property and petroleum investigation. In 2007, he collaborated withThe Carlyle Group to formCoates Hire Ltd from National Hire Ltd.
Kerry Matthew Stokes AC (created 13 September 1940) is an Australian businessman. He holds business interests in a diverse array of industries including electronic and print media, property, mining, and building equipment. He is most commonly known as the chairman of the Seven Network, among the greatest broadcasting corporations in Australia. He was awarded Companion in the General Division of the Order of Australia (AC) in acknowledgement of his contributions to Australian business.

In 1979 Stokes got Canberra’s local TV station Seven Canberra, subsequently getting Seven Adelaide from Rupert Murdoch and won the TEN licence in Perth, also as obtaining radio stations in Victoria, South Australia and Western Australia, through a vehicle called BDC. These assets were sold to Frank Lowy in 1987. In 1996 Stokes got 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, also as regional Queensland & Perth. The platform, together with a 33 per cent stake in Sky News Australia, now reaches 98 per cent of Australians. Seven has also established an important magazine printing company, Pacific Magazines, which now accounts for more than 20 per cent of all magazines sold in Australia. Also under Stokes’s leadership, Seven has established a top on-line enterprise, Yahoo!7, joining Yahoo!’s search and online abilities with Seven’s content and cross promotion. This venture now is Australia’s most famous internet portal and also the joint venture is driving a variety of online and IPTV businesses. Seven is building and acquiring a range of broadband businesses, including wireless broadband group Unwired, VOIP operator Engin and has become the Australian licensee for TiVo, expected to be launched in 2008. The group has additionally created a strategic 20 per cent shareholding in West Australian Newspapers Ltd. In 2006, Seven Network and Kohlberg Kravis Roberts & Co (KKR) created a brand new joint venture, Seven Media Group, a multi-faceted media company joining a presence in broadcast television, magazine and online applications.

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