Who is Kerry Stokes?
Kerry Stokes 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.
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 $3 billion. Stokes is an active philanthropist, having donated several million dollars.
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Kerry Stokes House
Stokes lives with his wife Christine Stokes in a large house in Dalkeith, near Perth, Western Australia. The house is situated on Swan River, which opens up to the Indian Ocean. In 2009 the value of the house was estimated at US$ 20 million. He also owns a home in Broome, in Western Australia.
Kerry Stokes Yacht
He was the owner of a Bombardier Global Express with registration N888GX. The business jet was built in 2007.
A Bombardier Global Express has a value of around US$ 20 million. The aircraft can accommodate 14 passengers. The jet is registered to a company named Remorex (Pty) Ltd, which is part of Stokes’ group of companies.
In 2020 the aircraft was replaced with a brand new Bombardier 7500 private jet. He sold his former aircraft to Dick Honan, Chairman of Manildra and owner of the yacht Oceana 1. Dick Honan’s private jet has registration VH-VSK.
Stokes used to own a Canadair Challenger 600 with registration N888KS.