Kerr Neilson

Kerr Neilson is a South African-born, Australian-bred billionaire. He is an investment manager, who is best known for his role as the co-founder and Managing Director of Platinum Asset Management. According to Forbes, Kerr is the 9th richest person in Australia and the 527th richest person in the world with an estimated net worth of $2.7 billion.

Quick Facts

Net Worth: $2.7 billion (As of March 2013)

Source: Investments, Finance, Self-Made

Born: 1950 (Age 63)

Nationality: Australian

Residence: Sydney, Australia

Marital Status: Married with 2 Children

kerr neilson

Background

Kerr Neilson was born in 1950 in Johannesburg, South Africa, but moved to Australia in 1973. Together with George Soros, Kerr founded a finance management firm, Platinum Asset Management, in 1994, where he has been acting as its Managing Director, Chief Investment Officer and Executive Director since its inception. 

kerr neilson

Kerr’s other affiliations include Palmer Tube Mills Ltd, where he acts as the Managing Director. He is also the Chief Investment Officer of Platinum Japan Fund and Platinum Master Portfolio. Kerr is undoubtedly one of the wealthiest people in Australia. 

In its 2013 issue, Forbes ranked Kerr as the 9th richest person in Australia, and the 527th richest person in the world. The publication estimated Kerr’s net worth to be not less than $2.7 billion.

Platinum Asset Management Firm

Platinum Asset Management is an asset management firm that specializes in international equities. It was founded in 1994 by Kerr Neilson and George Soros. Kerr acts as the Managing Director and Portfolio Manager of the company, a role he has played since the inception of the company. 

platinum asset management

Platinum Asset Management has an estimated $16 billion in funds under management. In 2007, Kerr floated 20% of this company’s shares on the Australian Stock Exchange. 57% of the remaining shares were valued at $2.9 billion, placing Kerr among the wealthiest people in the country (Australia). As the major shareholder of the company, Kerr earned A$42 million in dividends during the 2012 fiscal year.

kerr neilson

Kerr and wife have a love for modern Chinese art

Warren Buffett’s Comparison

Kerr is often compared to Warren Buffett for his ability to choose high-performing stocks in a consistent manner. In other words, Kerr has earned the reputation of being a master of perfect timing particularly in unfavorable market situations. He shuns away from overhyped stocks and instead, invests in good companies relatively cheaply over the long run.

white rabbit art gallery

The White Rabbit Art Gallery

Art Collection

Kerr is also an avid art collector. He launched the White Rabbit Art Gallery that features a wide-ranging collection of post-2000 Chinese art. The art gallery is managed by Kerr’s wife, Judith. It is a public gallery and also a museum of some sort. According to Kerr, modern art is a language and the more people get exposed to it, the more they are immersed to it.

kerr neilson wife

Kerr Neilson's wife, Judith Neilson

Personal Life

Kerr is married to Judith, with whom he has two children. Kerr and his wife live in Sydney, Australia. 

Famous Quotes From Kerr Neilson 

  • "If you study market activity over the long term, you know that there are always parts that are in decay or death and others in birth or rebirth."
  • "If you only look at the market’s surface, it may appear flat, but there’s always huge turbulence taking place within."

Interesting Facts about Kerr

  • He was born in the same year (1950) as Stevie Wonder, Dr Phil McGraw and billionaire Richard Branson. 

Return from Kerr Neilson to Richest People In Australia

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)