Inside the fortune Kerry Stokes (quietly) made in China
The media mogul’s slow and steady approach to investing in China still pays dividends. But it’s been very much a two-way street.
The businessman is best known for his investments in television and newspaper. But a decades-long approach to backing the Asian powerhouse is paying dividends. Harry Afentoglou
It was almost three decades ago. The world was spinning on a different axis. Kerry Stokes was attuned to a different geopolitical beat.
The media mogul had picked up a large stake in American film studio Metro-Goldwyn-Mayer, or MGM, just before it was about to release the thriller Red Corner. The film depicted a businessman – played by Richard Gere – who travels to China to seal a satellite communications joint venture, only to get wrongfully accused of murder.
Primrose RiordanAssociate editorPrimrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
