Gerry Harvey Biography
Gerry Harvey is an Australian businessman best known as the executive chairman of Harvey Norman Holdings, the parent company of the Australian retail brand Harvey Norman. In 1982, he co-founded it with Ian Norman.
How old is Gerry Harvey? – Age
He is 83 years old as of 18 September 2022. He was born in 1939 in Springwood, Australia.
Gerry Harvey Family – Education
Harvey was born in rural New South Wales and went to school in Bathurst and Katoomba before going to Sydney at the age of 17 to pursue university, but he dropped out. Harvey aspired to be a farmer when he was younger.
Gerry Harvey Wife – Children
Harvey and his first wife, Lynette, have two children. In 1988, he remarried Katie Page, with whom he has two children. Page was appointed CEO of Harvey Norman in 1999.
Gerry Harvey Net Worth
Harvey’s net worth was estimated to be A$1.55 billion in 2014 by the Business Review Weekly (BRW), an increase of A$9 million from the 2013 BRW Rich 200 list. The BRW/Financial Review estimated Harvey’s fortune as an individual from 2013 through and 2020. Harvey and Page’s combined net worth was analyzed by the Financial Review beginning in 2021.
Gerry Harvey ABC Interview
In an interview in 2008, he called charitable assistance to the homeless “a waste,” saying it was “helping a whole heap of no-hopers to survive for no good reason.” He later maintained that the words were taken out of context and that he did donate money to homeless charities and other organizations. In 2016, Harvey expressed dissatisfaction with what he viewed as political uncertainty since John Howard’s departure, and stated that the only solution is “to have a dictator like in China.”
Gerry Harvey Racing
He has gotten increasingly interested in racehorse breeding over the last decade, and he runs Baramul Stud. With almost 600 thoroughbreds in his stables, Harvey possesses one of the world’s largest thoroughbred portfolios. He also owns half of Magic Millions, one of Australia’s largest and most costly thoroughbred auction events.
Gerry Harvey Businesses
Harvey and Ian Norman met for the first time while they were both selling vacuums door to door. In 1961, they collaborated to open their first Sydney store. By 1979, the Norman Ross-branded chain had grown to 42 locations and generated A$240 million in annual sales. In 1982, this business was sold for $23 million to Grace Bros. and then to Alan Bond’s Walton Bond company. After that exchange was finished, Harvey was sacked through a request from Alan Bond by John Walton. In Harvey’s initial advertisement for his next venture, this action was mentioned.
Harvey, with Ian Norman as a quiet accomplice, began Harvey Norman that every year through its most memorable store in Coppery, NSW. After that, it grew and now owns numerous smaller businesses, including Domayne and Joyce Mayne stores. Harvey embraces an extremely involved way to deal with his business, showing up as a representative during radio adverts for Harvey Norman.
He has a significant public profile and frequently discusses economic and business issues in the national press and television media. He is frequently criticized by Australian CEOs, particularly when it comes to compensation, and is generally regarded as a businessman who is somewhat unconventional. He frequently asserts that no one is worth the millions they earn and that options and shares can be paid to those who believe they are worth more.
In January 2011, Harvey was entangled in a broadly denounced crusade, supported by various physical Australian retailers, to scrap charge decides that permitted Australians to shop on abroad sites without paying GST. The Federal Government asked the Productivity Commission to investigate and report on the retail industry in response to the campaign. Harvey later stated that he had not read the report and that it was a waste of time and money.