Who is Kerry Stokes?
He started in real estate development in his twenties. He was successful as a shopping mall developer. He was born in 1940. He is married to Christine Stokes. He has 4 children.
Caterpillar – WesTrac
Later he invested in a Caterpillar franchise, now called WesTrac. WesTrac sells Caterpillar mining equipment to companies such as Rio Tinto.
WesTrac also sells equipment in China and is one of the largest Caterpillar dealers in the world.
Seven West Media
From the 1980s Stokes started investing in media, such as the Seven Network, which owns Sky News Australia, Yahoo7! And Pacific Magazines.
Together with the US private equity firm KKR, Stokes created the Seven West Media Group. Seven West Media is Australia’s largest diversified media business. It owns the Seven Network, which is Australia’s largest commercial television network.
Part of the group is also West Australian Newspapers Holdings Ltd. Which owns more than 20 regional newspapers and magazines.
Kerry Stokes Net Worth
Forbes estimates his net worth at US$ 4 billion (December 2020). Stokes is an active philanthropist, having donated several million dollars.