KERRY STOKES • Net Worth $3 Billion • House • Yacht • Private Jet • Seven West Media

Name:Kerry Stokes
Net Worth:$3 billion
Source of Wealth:Seven West Group
Born:September 13, 1940
Wife:Christine Simpson Parker
Children:Ryan Stokes, Bryant Stokes, Raeline Stokes, Russel Stokes
Residence:Perth, Australia
Private Jet:Bombardier Global 7500 (N888GX)

From Real Estate Developer to Media Tycoon: Who is Kerry Stokes?

Born in 1940, Kerry Stokes is a renowned Australian business magnate whose journey to success began with real estate development in his twenties. Known initially for his astute skills as a shopping mall developer, Stokes was able to create a name for himself in the competitive world of property development. Married to Christine Stokes, he is a proud father to four children.

Key Takeaways:

  • Kerry Stokes began his successful business career as a shopping mall developer in his twenties.
  • His business portfolio expanded to include WesTrac, one of the largest global Caterpillar dealers, providing mining equipment to leading companies.
  • Stokes’ investments in the media industry led to the creation of Seven West Media, Australia’s largest diversified media business.
  • With an estimated net worth of $3 billion, Stokes has donated several million dollars, underlining his active involvement in philanthropic activities.
  • He is the owner of the ANTIPODEAN Yacht.

Kerry Stokes’ Journey with WesTrac and Caterpillar

The ambitious Stokes didn’t just confine his business interests to real estate. He saw an opportunity in investing in a Caterpillar franchise, which eventually evolved into WesTrac. Currently, WesTrac stands as a global leader in Caterpillar sales, providing mining equipment to renowned companies such as Rio Tinto. With a strong presence in China, WesTrac is recognized as one of the largest Caterpillar dealers worldwide.

The Media Ventures: Seven West Media

The 1980s marked Stokes’ venture into the media industry with his investment in the Seven Network. Over time, Seven Network expanded its reach by owning Sky News Australia, Yahoo7!, and Pacific Magazines.

In partnership with the US private equity firm KKR, Stokes founded the Seven West Media Group. This media conglomerate quickly became Australia’s largest diversified media business. Besides owning Australia’s largest commercial television network, the Seven Network, it also controls West Australian Newspapers Holdings Ltd., which owns over 20 regional newspapers and magazines.

The Philanthropic Endeavors of Kerry Stokes

As an influential business figure, Stokes has also been recognized for his philanthropic contributions. With a net worth estimated at $3 billion by Forbes, he has donated several million dollars, emphasizing his commitment to giving back to society.


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Yacht Antipodean Owner

Kerry Stokes

Watch this video!

Kerry Stokes Yacht

He is the owner of the yacht Antipodean.

The Antipodean yacht is a luxurious vessel built by Oceanfast and designed by John Bannenberg in 1987.

The yacht can host 8 guests and a crew of 7, reaching top speeds of 24 knots due to two MTU engines.