Kerr Neilson Net Worth is$Billion
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Birth Place: Johannesburg, South Africa
Spouse: Judith Neilson
Children: Two
Known For: Co-founder and Managing Director of Platinum Asset Management
Networth: {{loss}} {{AUD}}2.08 billion (''BRW Rich 200'' 2012) Occupation: Investment management
Nationality: Australian, South Africa
Kerr Neilson (born circa 1950, in Johannesburg, South Africa), an Australian investment manager, is the co-founder and managing director of Platinum Asset Management.
Neilson started his financial management career in the investments department of Courtaulds in London. After returning to South Africa in 1973, he moved to Australia ten years later as the head of retail funds management for Bankers Trust Australia (now BT Australia). Neilson established the Platinum Asset Management fund in 1994 with initial backing from George Soros. Platinum specialises in international equities and has an estimated $US16 billion in funds under management. Neilson is its managing director and portfolio manager. In May 2007, Neilson floated 20 percent of Platinum Asset Management on the Australian Stock Exchange. The 57 percent of the company's shares he retained were valued at A$2.9 billion, making him one of Australia's richest men.
Neilson is regularly likened to Warren Buffett for his ability to consistently select high-performing stocks. Neilson typically avoids "fashionable stocks", instead investing in "good companies, relatively cheaply, over the long term".[dead link] However, poor results during the 2012 financial year resulted in 16 per cent fall in net profit; mainly due to a 14 per cent reduction in investment income. As a result, Neilsen agreed to forego a performance bonus, an increase in his base salary, and no options were granted or exercised. As the principal shareholder of Platinum, Neilsen yielded A$42 million in dividends during the 2012 financial year.
Neilson is married and together with his wife, Judith, they have two children. In 2009, Kerr and Judith Neilson opened the White Rabbit Gallery in Sydney to share with the public their extensive collection of contemporary Chinese art.

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Kerr Neilson Latest News

Safe havens face correction

Kerr Neilson, the founder of Platinum Asset Management and who ranked as one of the Australia’s wealthiest men in this year’s BRW Rich List with a personal wealth of nearly $2 billion, believes the financial aberration that caused his $23bn fund such ...
Posted: October 16, 2016, 3:46 pm

Kerr Neilson steps down as Platinum CIO

Neilson will continue as chief executive and will retain portfolio management responsibility for the global mandates run by Platinum. “Andrew’s appointment reflects the growth and deepening of Platinum’s investment team and a sharpening in the ...
Posted: May 15, 2013, 8:57 pm

Billionaire Kerr Neilson’s Latest Stock Picks

Billionaire Kerr Neilson is the founder and manager of Platinum Asset Management, a large Australia-based investment firm which invests globally. Platinum recently filed its 13F for the third quarter, which discloses many of its long equity positions as of ...
Posted: November 14, 2012, 6:52 am
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