⬅ # 459 Rahul Bhatia|# 461 Kenneth Dart ➡

# 460 Kerry Stokes 

$6.81B

Real Time Net Worth
as of 11/7/2024
$97.1M (1.43%)

# 460 Kerry Stokes 

$6.81B

Real Time Net Worth
as of 11/7/2024
$97.1M (1.43%)
OccupationOwner, Seven Group Holdings
Source of WealthConstruction Equipment, Media
Age84
ResidencePerth, Australia
Marital StatusMarried
Children4
Age-Adjusted Net Worth$1.34B
Kerry Stokes
Kerry Stokes
Australia
Net worth: $6.81B

Self-Made Score 

Mido Ocean Star 600 Chronometer

Wealth History

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Biography

Overview

Kerry Stokes, born John Patrick Alford, is an Australian billionaire known for his diverse business interests, including electronic and print media, property, mining, and construction equipment.
He made his fortune primarily through Seven Group Holdings, which encompasses media, construction, and mining assets.

Early Life

Born on September 13, 1940, in Melbourne, Victoria, Stokes was given up for adoption by his mother, Marie Jean Alford, and raised by Matthew and Irene Stokes in Camp Pell, a slum housing area.
He faced hardship and dropped out of school at the age of 14, experiencing various occupations and challenging circumstances.
Stokes recounted his challenging upbringing, stating that finding work in Australia during that time was difficult.

Career

Stokes began his career installing television antennas in Perth before venturing into property development in the 1960s and 1970s.
He partnered in developing shopping centers in Perth and regional Western Australia.
In 1988, he invested in the Caterpillar franchise in Western Australia, which evolved into WesTrac, a major equipment dealer with thousands of employees and apprentices.
Stokes expanded into the media sector, acquiring television stations, radio stations, and magazine publishing businesses.
His company, Seven Group Holdings, diversified into online ventures, joint ventures, and international broadcasting rights, solidifying its position in the media industry.
Additionally, Stokes has significant interests in the pastoral industry, owning vast cattle stations in Western Australia.

Personal Life

Stokes has been married four times, with his fourth marriage to Christine Simpson.
He has children from different marriages, including his son Ryan Stokes, who serves as the CEO and managing director of Seven Group Holdings.
Despite personal challenges, including estrangement from his first family and the breakup of subsequent marriages, Stokes has maintained a successful career.

Kerry Stokes's Wealth is Equivalent to:

5,240,955 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,288,174 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

69,579 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Kerry Stokes?

If you started with $10,000 and invested an additional $500 each month at a 43.47% CAGR, it would take you 5 years to reach Kerry Stokes's net worth of $6.81B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 57.28% compared to 20.95% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Kerry Stokes is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Kerry Stokes, Construction Equipment and Media are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey