Media players slip in Australia’s rich list
Kerry Stokes
Seven West Media chairman Kerry Stokes has dropped two places in Australia’s rich list after seeing his estimated fortune fall almost $250 million – but he’s still worth $2.2 billion.
Stokes is now the 14th richest Australian, according to the 2014 BRW list of the country’s 200 wealthiest people, released yesterday afternoon, down from 12th last year.
The owner of regional TV player WIN and minority Ten shareholder, Bruce Gordon, also slipped in the rankings. His fortune of $1.09b was down from last year’s $1.39b which put him 34th in the list, nine places below 2013.
TV format king Reg Grundy came in at number 57, down from 53, with an estimated bank balance of $766m, only slightly less than last year.
Meanwhile, media agency pioneer Harold Mitchell was named as Australia’s 126th richest with a wealth of $375m, an increase of $5m on 2013.
Propping up the rear of the media representatives who made the cut was veteran adman John Singleton whose $370m fortune put him 131st in the list.
Steve Jones
