Rich Lister Kerry Stokes has very public sources of wealth in media, heavy machinery and resources. But in 2022-23 the West Australian billionaire also made millions from under-the-radar private ventures in property, livestock, and a honey packaging and export firm.

Pre-tax profit for his private company Australian Capital Equity rose 17 per cent to $107 million over the year, according to financial reports lodged with the Australian Securities and Investments Commission.