Kerry Stokes The Top Media Player On AFR’s Annual Rich List

Kerry Stokes The Top Media Player On AFR’s Annual Rich List

Seven West Media chairman Kerry Stokes is the highest placed media player on this year’s annual Australian Financial Review Rich List.

The list of 200 of Australia’s richest people was again topped by the packaging king Anthony Pratt with a personal fortune of $12.9 billion.

Stokes was the best placed of the media players, coming in at 13th spot on the list with his $3.93 billion fortune. Although it should be noted, Stokes has considerable interests in mining that are probably making more dough than his TV and newspaper businesses.

Screen shot 2018-05-25 at 7.19.24 AM

Other media identities on the list included Patrick Grove, owner of the Catcha Group that has a number of publicly listed and private media, new media, online classifieds and e-commerce businesses. Grove came in at 89th spot with his $850 million fortune.

WIN TV supremo Bruce Gordon was 112th on the list with $702 million, while ad man John Singleton was 161st with $534 million.

However, Harold Mitchell fell off the 2018 list, as the media players were overtaken by those in the property, resources and retail sectors.

There were 76 billionaires on the 2018 list, which was up from 16 the previous year. The cut-off to make this year’s list was $387 million, up from $341 million last year.

Property remains the dominant sector on this year’s list. Of the 200 people on the list, 51 make most of their money in the property sector. Many on the list that have made money in other industries have poured their proceeds into property development or management businesses.

Property is followed by retail (22) and investment (21), with financial services, agriculture, manufacturing, technology, media, healthcare, entertainment, travel, transport, telecommunications and education also featuring in the list.

Sydney and Melbourne – both with 59 – tied for boasting the richest people on the list. Perth had 20, Brisbane 15 and the Gold Coast had five.




Please login with linkedin to comment

AFR Kerry Stokes Rich List

Latest News

Revium Snags Peter Bauld From Deloitte Digital
  • Advertising

Revium Snags Peter Bauld From Deloitte Digital

Revium, a leading full-service digital and AI consultancy, has announced the appointment of Peter Bauld (lead image) as Executive General Manager. Revium is a full-service digital and AI consultancy with over 20 years of experience creating engaging digital experiences for leading organisations and their customers. Bauld joins Revium after an illustrious career spanning over two […]

Veridooh Snatches Prashand Menon From ScentreGroup
  • Advertising

Veridooh Snatches Prashand Menon From ScentreGroup

Out-of-home OOH) and digital media leader Prashand Menon (lead image) has joined OOH ad tech company Veridooh as group business director within NSW and QLD. Menon joins Veridooh from his most recent role as ScentreGroup’s group business director and brings with him more than 10 years of experience in Australian media. Previously, he held positions […]

Kat & Co Transforms Into THE WORLD OF Experiential Agency
  • Advertising

Kat & Co Transforms Into THE WORLD OF Experiential Agency

After more than twelve years of producing experiences for some of the world’s most innovative brands, including Hermes, Van Cleef & Arpels, Louis Vuitton, and Tiffany & Co, Kat & Co has quietly metamorphosed into THE WORLD OF. THE WORLD OF is an experiential agency at the juncture of culture, technology and the human condition. […]

SMG Studio Launches Risk: Global Domination X Dune Part Two
  • Campaigns

SMG Studio Launches Risk: Global Domination X Dune Part Two

Through a licensing agreement with Legendary Entertainment, SMG Studio inked the rights to adapt Dune: Part Two into a game based on Risk: Global Domination, Hasbro’s interactive board game. Inspired by Denis Villeneuve’s cinematic masterpiece, Dune: Part Two, this new digital adaptation, RISK: Global Domination X Dune: Part Two, is poised to captivate players from […]

QMS: Taylor Swift, Lunar New Year & Mardi Gras Were Boon For OOH Market
  • Marketing

QMS: Taylor Swift, Lunar New Year & Mardi Gras Were Boon For OOH Market

Taylor Swift, Lunar New Year and the Sydney Gay and Lesbian Mardi Gras Festival have had a dramatic impact on the number of people moving in and around Sydney over the past month, drawing big crowds into the heart of the city and its surrounding suburbs. New data from digital outdoor company QMS reveals a […]