Kerry Stokes Swoops In At Number 10 On AFR’s Rich List With Whopping $6B

Kerry Stokes Swoops In At Number 10 On AFR’s Rich List With Whopping $6B
SHARE
THIS



Media and mining magnate Kerry Stokes has risen to number 10 on the AFR Rich Listincreasing his wealth by $570m to $6.26b in 2020.

Stokes’ owns 60 per cent of Seven Group Holdings, although it’s fair to say most of his wealth would derive from investments outside media, considering Seven West Media’s poor market capital.

Stokes enjoyed the year’s gold rush with a Saracen Minerals holding worth more than all of Seven West Media, of which Seven group owns 35 per cent.

Which other media moguls have made it onto this year’s list?

News Corp owner Ruper Murdoch’s son Lachlan Murdoch came in at number 22, with $3.76bn up from $3.62bn son of Rupert

ACM key shareholder Alex Waislitz came in at number 65 with $1.49bn, down from $1.56bn last year.

Funder of key journalism insitite Judith Neilsen came in at 69 with $1.44bn, up from $1.35bn the year prior.

Meanwhile, Nine’s largest shareholder and owner of WIN Bruce Gordon came in at 111 with $892m, up from $728m.

Former shareholder of Macquarie Media and ad executive John Singleton came in at 142 with $728m, up from $670m last year.

Meanwhile, Gina Rinehart topped the list, becoming Australia’s richest person worth a record $28.89 billion – up 109 per cent since last year’s list.

Iron ore miner Andrew “Twiggy” Forrest was second with $23 billion, while packaging tycoons, the Pratt family, fell to third with $19.7 billion. The other miner in the top 10, Clive Palmer, posted a personal wealth of $9.1 billion and 8th spot.

Tech grurus Mike Cannon-Brookes ($16.9 billion) and Scott Farquhar ($16.6 billion) were fifth and sixth respectively.

Australia now has a record 104 billionaires, and the cut-off to make the Rich List sits at an all-time high of $540 million.

The 2020 Rich List includes a record seven billionaires in the elite ‘ten-digit club’ – those with wealth exceeding $10 billion.

“It’s been one of the most turbulent years the Rich List team have ever encountered. At the start of the pandemic many of the fortunes of the nation’s wealthiest were crumbling, but they have proven to be exceptional business builders. They have taken advantage of shifting demands within the economy, driving overall wealth to new highs,” Rich List co-editor Julie-anne Sprague said.

 

Please login with linkedin to comment

AFR afr rich list

Latest News

From [MediaCom] Russia With Love! Meet New Aussie CEO Yaron Farizon
  • Media

From [MediaCom] Russia With Love! Meet New Aussie CEO Yaron Farizon

MediaCom’s recent hunt for a new CEO went global, ultimately delivering the globetrotting Yaron Farizon to its North Sydney headquarters. And Farizon certainly comes with the right pedigree. Born in Kiev in the Ukraine, educated in Israel, he worked for P&G as a business director for eight years through the UK and Eastern Europe before […]

by B&T Magazine

B&T Magazine
Shopper Promotes Within Its NSW Sales Team
  • Media

Shopper Promotes Within Its NSW Sales Team

Shopper has promoted Samantha Barron to Group Sales Manager and Jessica White to Business Manager in Sydney to strengthen agency partnerships and continue providing best-in-market sales support to Shopper’s NSW agency clients.

Majella Pinnuck Returns To Anna Whitlam People As Senior Associate, Executive Search, Corporate Affairs & Communications
  • Marketing

Majella Pinnuck Returns To Anna Whitlam People As Senior Associate, Executive Search, Corporate Affairs & Communications

To mark Majella Pinnuck’s return, AWP spoke to her about why she has come back, the hybrid that skills that today’s large organisations need in their corporate affairs and communications professionals, and the challenge of finding candidates with the right skillset. Pinnuck (pictured) started at AWP after she graduated with a bachelor’s degree in Law […]

The MFA Launches A Diversity, Equity And Inclusion Advisory Council
  • Advertising
  • Media

The MFA Launches A Diversity, Equity And Inclusion Advisory Council

The Media Federation of Australia (MFA) has launched a Diversity, Equity and Inclusion Advisory Council, consisting of 13 media agency professionals from diverse backgrounds, with the aim of providing guidance to the industry across all facets of diversity and inclusion. The MFA DE&I Advisory Council will promote the MFA’s ambition to build a diverse, equitable […]

Theory Crew Snares Four New Clients
  • Marketing

Theory Crew Snares Four New Clients

One month into the new financial year, Melbourne-based agency Theory Crew has won four new clients across the beauty and FMCG divisions. New clients include the gourmet fruit spread range from France St. Dalfour; organic tea range Higher Living, new to market Australian baby skincare range from Biophysics Group Avo Baby, and soon to be […]

SCA Appoints 2020 Brian White Scholarship Winner As Part Of Regional Investments
  • Media

SCA Appoints 2020 Brian White Scholarship Winner As Part Of Regional Investments

SCA has appointed Commercial Radio Australia Brian White Scholarship winner Zac De Silva (pictured) to its Albury newsroom as it invests in new talent for regional radio newsrooms nationwide. De Silva received the prestigious Brian White Scholarship in 2020 and completed a paid internship at SCA as part of the award. He is just one […]

Spinach Appointed By Property Developer Beulah
  • Marketing
  • Media

Spinach Appointed By Property Developer Beulah

Spinach has been appointed to manage the media strategy, buying and data capabilities for Australian property developer Beulah. The Melbourne-based developer has several projects in the works including STH BNK by Beulah, one of the most ambitious developments to be undertaken in Australia. With backing from the City of Melbourne’s Future Melbourne Committee, the $2 […]

Digitas APAC Appoints Adrian Farouk To CEO
  • Media

Digitas APAC Appoints Adrian Farouk To CEO

Digitas, the Connected Marketing Agency, part of Publicis Groupe, has announced the promotion of Adrian Farouk as CEO of Digitas APAC. Farouk (pictured above) is currently CEO of Digitas & Epsilon ANZ, he will take on the new role with immediate effect whilst continuing his leadership at Epsilon, the group’s data and tech platform business […]

Magnite Confirms Australian Leadership Team
  • Media

Magnite Confirms Australian Leadership Team

Magnite (Nasdaq: MGNI), the world’s largest independent sell-side advertising platform, today announced that James Young will remain as Managing Director of Australia for Magnite following the acquisition of SpotX.