Kerry Stokes
Overview
- Source of Wealth
- Construction equipment, media
- Industry
- Diversified
- Residence
- Perth
- Marital Status
- Married
- Children
- 4
Assets
- BC Iron Limited1,023,747,000 shares @ --BCI-AU
- SGH Limited207,304,000 shares @ --SGH-AU
Biography
Kerry Stokes took a winding path en route to earning a fortune with his SGH (formerly Seven Group Holdings), which has media, construction and mining assets.
He started his career selling Caterpillar tractors and trucks in Australia and eventually China, before moving into media with Seven Group.
In 2021 he retired as chairman of Seven Group Holdings.
In 2024, SGH acquired ASX-listed concrete and asphalt maker Boral for A$4.4 billion.
His son Ryan Stokes is the CEO and managing director of SGH.
About
Early in his life his mother gave him up for adoption, and he later dropped out of school at age 14.
Stokes employs a team of people to manage his vast collection of paintings, sculptures and historic artifacts, many of which are on loan to art galleries worldwide.