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.
Net Worth: $2.7 billion (As of March 2013)
Source: Investments, Finance, Self-Made
Born: 1950 (Age 63)
Residence: Sydney, Australia
Marital Status: Married with 2 Children
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’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 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 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.
The White Rabbit Art Gallery
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's wife, Judith Neilson
Kerr is married to Judith, with whom he has two children. Kerr and his wife live in Sydney, Australia.
Famous Quotes From Kerr Neilson
Interesting Facts about Kerr