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Kerry Stokes Net Worth

How rich is Kerry Stokes?

Kerry Stokes net worth:
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Kerry Stokes information

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Kerry Stokes net worth & biography:

Kerry Matthew Stokes AC (created 13 September 1940) is an Australian businessman. He holds company interests in a diverse array of businesses including electronic and print media, property, mining, and building equipment. He’s most commonly called the chairman of the Seven Network, among the greatest broadcasting corporations in Australia. He was given Companion in the General Division of the Order of Australia (AC) in acknowledgement of his contributions to Australian company.

In 1979 Stokes got Canberra’s local TV station Seven Canberra, later obtaining Seven Adelaide from Rupert Murdoch and gained the TEN licence in Perth, in addition to getting radio stations in Victoria, South Australia and Western Australia, by way of a vehicle called BDC. Seven has also created an important magazine printing company, Pacific Magazines, which now accounts for more than 20 per cent of magazines sold in Australia. Additionally under Stokes’s direction, Seven has created a top on-line enterprise, Yahoo!7, joining Yahoo!’s search and internet abilities with Seven’s content and cross promotion. This endeavor now is Australia’s most widely used internet portal as well as the joint venture is driving a variety of on-line and IPTV companies. Seven is constructing and getting a variety of broadband companies, including wireless broadband group Unwired, VOIP operator Engin and has become the Australian licensee for TiVo, expected to be launched in 2008. The group has additionally created a tactical 20 per cent shareholding in West Australian Newspapers Ltd. In 2006, Seven Network and Kohlberg Kravis Roberts & Co (KKR) created a fresh joint venture, Seven Media Group, a multi faceted media company joining a presence in broadcast television, magazine and internet programs.

Kerry Stokes Net Worth $2 Billion Dollars

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