Early Life
Kerry Matthew Stokes was born John Patrick Alford on September 13, 1940, in Melbourne, Australia. He was adopted shortly after birth and raised in modest circumstances. He left school at age 14 and began his professional journey.
Rise to Success
Stokes's career began with installing television antennas, followed by property development in Perth during the 1960s and 1970s. His ventures included building shopping centers. He later invested in the Caterpillar franchise, which became WesTrac, an equipment dealer. Stokes then expanded into the media sector, acquiring television and radio stations, as well as magazine publishing businesses. In 1996, he acquired a stake in the Seven Network (now Seven West Media), where he served as chairman. Seven West Media became Australia’s largest diversified media business.
Key Business Strategies
His business acumen is evident in his strategic investments in media and construction equipment. Stokes expanded his media holdings through Seven West Media, including television stations, newspapers, and magazines. He diversified his investments into mining and resources. The acquisition of WesTrac and its expansion across Australia also played a crucial role. In 2024, SGH acquired Boral for A$4.4 billion. Stokes is also known for acquiring pastoral land.
Philanthropy
Kerry Stokes is also a well-known philanthropist. He has supported arts institutions, cultural organizations, and the Australian War Memorial with major donations. His commitment to community programs and child health research, including the Telethon Kids Institute, showcases his desire to give back. He has also been a long-term backer of the Channel 7 Telethon Trust.