Bruce Gordon (businessman): Difference between revisions

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			{{short description\|Australian businessman (born 1929)}}
	{{wikify}}
			{{Use dmy dates\|date=December 2020}}
	Bruce Gordon ranks 891 on The World's Billionaires 2007 with a net worth of $1.2 bil.
			{{Use Australian English\|date=June 2014}}
	He is 78 years of age.
			{{Infobox person
	Although an Australian Citizenship, Bruce resides mostly in Bermuda. Bruce is married with 2 children Andrew and Genevieve.
			\| name = Bruce Gordon
			\| image = <!-- just the filename, without the File: or Image: prefix or enclosing ] -->
			\| alt =
			\| caption =
			\| birth_name = <!-- only use if different from name -->
			\| birth_date = {{Birth date and age\|1929\|02\|04\|df=y}}
			\| birth_place = ], ]
			\| death_date = <!-- {{Death date and age\|YYYY\|MM\|DD\|YYYY\|MM\|DD}} or {{Death-date and age\|death date†\|birth date†}} -->
			\| death_place =
			\| nationality = ]n
			\| other_names =
			\| occupation = Businessman; media owner; investor
			\| known_for = Owner of ]
			\| spouse = Judith Gordon
			}}
			'''Bruce Gordon''' (born 4 February 1929 in ], ]<ref name="afr2015"/>) is an Australian businessman. He is the owner of the Australian television network, ] through his ownership of ], the largest shareholder of ] & the largest shareholder of the ],<ref>{{Cite news \|last=Windsor \|first=Georgina \|title= WIN Corp owner Bruce Gordon sues Nine over live-streaming of TV channels\|newspaper= ] \|date=11 February 2010 \|url=http://www.theaustralian.com.au/business/media/win-corp-owner-bruce-gordon-sues-nine-over-livestreaming-of-tv-channels/news-story/b6520b61e3d406418fec753d6d52fb1a \|accessdate=4 June 2016}}</ref> and holds a significant stake in ]<ref name="afr2017"/>

			==Career==
	Through his Win Corp. Bruce owns 24 regional TV stations as well as the property on which they sit. Changes in Australian media ownership rules expected this year could make WIN a prime buyout target, but Gordon will entertain only bids of at least $780 million. Also owns public shares in PBL, Ten Network and Sunraysia Television. Worked at Paramount International Television for 35 years. Lives in Bermuda.
			From humble beginning, Gordon juggled fruit to lure customers into his father's street-side fruit stall. He continued to hone his magic skills into his 20s and gained his first performance at Sydney's ] theatre; later progressing onto management of the theatre. During this period he got to know ], ] and his sons, ] and ], and ].<ref name="afr2015"/>

			In 1962, Gordon was appointed the Australasian sales executive for Desilu Productions, which was sold to ], which renamed the studio ].<ref name="afr2015"/> Gordon worked as a programming executive for Paramount in Hollywood for thirty years.<ref name="afr2017"/>
	Gordon worked as a magician during the 1939-45 War, in promotion for the Tivoli theatre circuit and managed Australian sales for Desilu Studios (ie US comedienne Lucille Ball's production house) before serving as an executive for Paramount International Distribution.

	He gained control of Television Wollongong Transmission Ltd (later rebadged as WIN) in 1979. ~~Gordon~~ expanded ~~its~~ operations in the 1990s, buying out the other shareholders in 1991 after buying two ~~licenses~~ in Queensland and ~~the~~ Crawford ~~film~~/~~video production house that dated from 1945 and passed through the control of Rupert Murdoch and Christopher Skase.~~ By the end of the decade WIN had ~~licenses~~ and transmitters in ~~NSW,~~ WA ~~(as~~ ~~the~~ ~~dominant~~ ~~regional~~ ~~broadcaster~~), ~~QLD, SA, Victoria, ACT and Tasmania.~~		Gordon gained control of Television Wollongong Transmission Ltd (later rebadged as WIN TV) in 1979 from Murdoch.<ref name="BRW2014"/> He then expanded WIN Television's operations during the 1990s, buying out the other shareholders in 1991 after buying two licences in Queensland and ].<ref name="afr2015"/> By the end of the decade WIN had licences and transmitters in all Australian states and mainland territories (except NT).<ref name="BRW2014"/>

			Gordon holds a 50% share in the ] ] club through WIN Corporation.<ref name="afr2017"/>
	The group also operated property and land development operations, network management and a radio station in Wollongong

			In September 2014, it was reported that in early August 2024, Gordon retired from the boards of ] and private investment firm Birketu as well as 41 private companies associated with businesses owned by him. He will remain Birketu's "ultimate decision maker", while stepping back from daily management at WIN.<ref name="afr2024">{{Cite news \|last=Buckingham-Jones \|first=Sam \|date=29 September 2024 \|title=Billionaire Bruce Gordon retires from WIN as succession questions loom \|url=https://www.afr.com/companies/media-and-marketing/billionaire-bruce-gordon-retires-from-win-as-succession-questions-loom-20240923-p5kcre \|url-access=subscription \|access-date=30 September 2024 \|newspaper=] \|department=Media & marketing \|publisher=Nine Publishing \|location=Sydney}}</ref>
	WIN has a substantial stake in Sunraysia Television, former holder of the STW 9 television broadcast licence in Perth and thus of Channel Nine Perth. The company is controlled by Eva Presser, whose family appears to be Australia's largest marketer of prune juice.

			==Personal life==
	Presser acquired a minor station in Mildura, sold Queensland broadcasting investments to Skase at a considerable profit and acquired control of STW 9 for $95 million from the receivers of Bond Media in 1989, disposing of the Mildura station to ENT for $18 million.
			Gordon lives in ] with his second wife, Judith, with additional residences in ] and ].<ref name="afr2015">{{cite news \|url=http://www.afr.com/business/media-and-marketing/tv/how-bruce-gordon-the-man-from-win-helped-catch-silvio-berlusconi-20150302-13sqe2 \|title=How Bruce Gordon, the man from WIN, helped catch Silvio Berlusconi \|work=] \|date= 7 March 2015\|access-date=23 June 2017 \|author1=Chessell, James \|author2=Totaro, Paolo }}</ref> Gordon has a son, Andrew, and a daughter, Genevieve.<ref>{{Cite news \|last=Chessell \|first=James \|date=5 August 2010 \|title=Gordon's girl in the running for WIN television crown \|work=news.com.au \|url=https://www.news.com.au/finance/gordons-girl-in-the-running-for-win-television-crown/news-story/5f70c4fbacd64d3b7a7e3d1bd0f24af2}}</ref>

			=== Net worth ===
	She resisted a 1995 takeover bid by WIN for the Perth station, which remained Sunraysia's only significant television broadcasting asset.
			{{as of\|2023\|05}}, the '']'' assessed Gordon's ] at {{AUD}}1.30 ].<ref name="afr2023"/> Gordon is one of eleven living Australians who have appeared on every '']'', since it was first published in 1984.<ref name="afr2021"/><ref name="BRW2013-Thomson">{{cite journal\|url=http://www.brw.com.au/p/lists/rich-200/2013/celebrating_years_of_the_rich_EnUWZtuD02H4jYBFx0e3MM\|last=Thomson\|first=James\|date=22 May 2013\|accessdate=22 May 2013\|title=Celebrating 30 years of the Rich 200\|journal=BRW Rich 200\|archive-url=https://web.archive.org/web/20140727170000/http://www.brw.com.au/p/lists/rich-200/2013/celebrating_years_of_the_rich_EnUWZtuD02H4jYBFx0e3MM\|archive-date=27 July 2014\|url-status=dead}}</ref>

			{{columns-start}}
	In February 2007 PBL Media announced that it would acquire 100% of Sunraysia Television subsidiary Swan Television & Radio Broadcasters Pty Ltd (ie Channel Nine Perth) for $136.4 million.
			{\| class="wikitable"
			! rowspan=2 \| Year
			! colspan=2 \| '']''<br/>]
			! colspan=2 \| '']''<br/>{{nowrap\|]}}
			\|-
			! Rank
			! ] ]
			! Rank
			! Net worth ]
			\|-
			\| 2014<ref name="BRW2014">{{cite journal \|url=http://www.brw.com.au/p/lists/rich-200/2014/brw_rich_list_bruce_gordon_e9RYHKaJ7tFtzGca2Zd5lL \|title=BRW Rich 200 list 2014: 34. Bruce Gordon \|journal=] \|date=27 June 2014 \|accessdate=29 June 2014 \|location=Sydney \|archive-url=https://web.archive.org/web/20140630103218/http://www.brw.com.au/p/lists/rich-200/2014/brw_rich_list_bruce_gordon_e9RYHKaJ7tFtzGca2Zd5lL \|archive-date=30 June 2014 \|url-status=dead }}</ref><ref name="Forbes2014">{{cite news\|url=https://www.forbes.com/australia-billionaires/list/\|title=2014 Australia's 50 Richest\|accessdate=30 June 2014\|work=Forbes Asia\|date=January 2014 }}</ref>
			\| align="center" \| {{nts\|34}}
			\| align="right" \| $1.096 ]
			\| align="center" \| {{nts\|40}} {{gain}}
			\| align="right" \| $0.700 billion {{gain}}
			\|-
			\| 2015<ref name="BRW 2016"/><ref name="Forbes2015">{{cite news\|url=https://www.forbes.com/australia-billionaires/list/#tab:overall\|title=2015 Australia's 50 Richest\|accessdate=10 June 2015\|work=Forbes Asia\|date=March 2015 }}</ref>
			\| align="center" \| {{nts\|46}} {{decrease}}
			\| align="right" \| $1.060 billion {{decrease}}
			\| align="center" \| {{nts\|41}} {{decrease}}
			\| align="right" \| $0.720 billion {{gain}}
			\|-
			\| 2016<ref name="BRW 2016">{{cite news \|url=http://www.abc.net.au/news/2016-05-26/brw-rich-list-topped-by-harry-triguboff/7448044 \|title=BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth \|work=ABC News \|access-date=26 May 2016 \|date=26 May 2016}}</ref><ref name="Forbes2016">{{cite news\|url=https://www.forbes.com/australia-billionaires/list/#tab:overall\|title=2016 Australia's 50 Richest\|accessdate=9 June 2016\|work=Forbes Asia\|date=January 2016 }}</ref>
			\| align="center" \| {{nts\|54}} {{decrease}}
			\| align="right" \| $0.990 billion {{decrease}}
			\| align="center" \| {{nts\|46}} {{decrease}}
			\| align="right" \| $0.570 billion {{decrease}}
			\|-
			\| 2017<ref name="afr2017">{{cite news \|url=http://www.afr.com/leadership/afr-lists/rich-list/financial-review-rich-list-2017-20170525-gwcvr6 \|editor=Stensholt, John \|title=Financial Review Rich List 2017 \|work=] \|date=25 May 2017 \|accessdate=8 June 2017 }}</ref>
			\| align="center" \| {{nts\|107}} {{decrease}}
			\| align="right" \| $0.629 billion {{decrease}}
			\| align="center" \| n/a
			\| align="right" \| ''not listed''
			\|-
			\| 2018<ref name="afr2018">{{cite web\|url=http://www.afr.com/brand/afr-magazine/rich-list-overview-20180413-h0yqo5\|title=2018 AFR Rich List: Who are Australia's richest people?\|work=The Australian Financial Review\|date=25 May 2018\|last=Stensholt\|first=John\|accessdate=26 May 2018}}</ref>
			\| align="center" \| 113 {{decrease}}
			\| align="right" \| $0.702 billion {{gain}}
			\| align="center" \|
			\| align="right" \|
			\|-
			\| 2019<ref name="afr2019">{{cite web\|url=https://www.afr.com/rich-list/australia-s-10-wealthiest-people-revealed-20190529-p51sj0\|title=Australia's 200 richest people revealed\|work=The Australian Financial Review\|publisher=Nine Publishing\|date=30 May 2019\|last=Bailey\|first=Michael\|accessdate=31 May 2019}}</ref><ref name="afr2019-im">{{cite news \|url=https://www.illawarramercury.com.au/story/6190631/where-win-corps-bruce-gordon-ranked-on-afr-rich-list/# \|title=Bruce Gordon ranked 134 on Australian Financial Review's Rich List \|work=] \|date=30 May 2019 \|accessdate=29 September 2019 }}</ref>
			\| align="center" \| {{nts\|134}} {{decrease}}
			\| align="right" \| $0.728 billion {{increase}}
			\| align="center" \|
			\| align="right" \|
			\|-
			\| 2020<ref name="afr2020">{{cite web\|url=https://www.afr.com/rich-list/the-10-richest-australians-revealed-20201028-p569c7\|url-access=subscription\|title=The full list: Australia's wealthiest 200 revealed\|work=]\|publisher=Nine Publishing\|date=30 October 2020\|author1=Bailey, Michael\|author2=Sprague, Julie-anne\|accessdate=31 October 2020}}</ref>
			\| align="center" \| {{nowrap\|{{nts\|111}} {{gain}}}}
			\| align="right" \| $0.892 billion {{gain}}
			\| align="center" \|
			\| align="right" \|
			\|-
			\| 2021<ref name="afr2021">{{cite news \|author1=Bailey, Michael \|author2=Sprague, Julie-anne \|url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20210526-p57vfr \|title=The 200 richest people in Australia revealed \|work=] \|date=27 May 2021 \|access-date=28 May 2021}}</ref>
			\| align="center" \| {{nowrap\|{{nts\|123}} {{down}}}}
			\| align="right" \| $0.870 billion {{down}}
			\| align="center" \|
			\| align="right" \|
			\|-
			\| 2022
			\| align="center" \| {{nowrap\|{{nts\|110}} {{up}}}}
			\| align="right" \| $1.30 billion {{up}}
			\| align="center" \|
			\| align="right" \|
			\|-
			\| 2023<ref name="afr2023">{{cite news \|author1=Bailey, Michael \|author2=Sprague, Julie-anne \|url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20230523-p5dapa \|title=The 200 richest people in Australia revealed \|work=] \|date=26 May 2023 \|access-date=6 June 2023}}</ref>
			\| align="center" \| {{nowrap\|{{nts\|133}} {{down}}}}
			\| align="right" \| $1.07 billion {{down}}
			\| align="center" \|
			\| align="right" \|
			\|}

			{{column}}
	There has been no major independent biography of Gordon or of study of WIN. Some insights are offered by reports of licence inquiries by the Australian Broadcasting Authority (ABA), available on its site, and in works dealing with competitors such as Packer, Murdoch and Bond.
			{\| class="wikitable"
			!colspan="2"\|<small>Legend</small>
			\|-
			!<small> Icon</small>
			!<small> Description</small>
			\|-
			\|{{steady}}
			\|<small>Has not changed from the previous year</small>
			\|-
			\|{{profit}}
			\|<small>Has increased from the previous year</small>
			\|-
			\|{{loss}}
			\|<small>Has decreased from the previous year</small>
			\|}
			{{columns-end}}

			==See also==
			{{Portal\|Australia}}
			*]

			==References==
			{{Reflist}}

			{{DEFAULTSORT:Gordon, Bruce}}
			]
			]
			]
			]
			]
			]
			]
			]
			]
			]

Latest revision as of 22:51, 29 September 2024

Australian businessman (born 1929)

Bruce Gordon
Born	(1929-02-04) 4 February 1929 (age 95) Surry Hills, New South Wales
Nationality	Australian
Occupation(s)	Businessman; media owner; investor
Known for	Owner of WIN Group
Spouse	Judith Gordon

Bruce Gordon (born 4 February 1929 in Surry Hills, New South Wales) is an Australian businessman. He is the owner of the Australian television network, WIN Television through his ownership of WIN Corporation, the largest shareholder of Network 10 & the largest shareholder of the Nine Network, and holds a significant stake in Nine Entertainment Co.

Career

From humble beginning, Gordon juggled fruit to lure customers into his father's street-side fruit stall. He continued to hone his magic skills into his 20s and gained his first performance at Sydney's Tivoli circuit theatre; later progressing onto management of the theatre. During this period he got to know Rupert Murdoch, Sir Frank Packer and his sons, Kerry and Clyde, and Bruce Gyngell.

In 1962, Gordon was appointed the Australasian sales executive for Desilu Productions, which was sold to Gulf and Western, which renamed the studio Paramount Television. Gordon worked as a programming executive for Paramount in Hollywood for thirty years.

Gordon gained control of Television Wollongong Transmission Ltd (later rebadged as WIN TV) in 1979 from Murdoch. He then expanded WIN Television's operations during the 1990s, buying out the other shareholders in 1991 after buying two licences in Queensland and Crawford Productions. By the end of the decade WIN had licences and transmitters in all Australian states and mainland territories (except NT).

Gordon holds a 50% share in the NRL St. George Illawarra Dragons club through WIN Corporation.

In September 2014, it was reported that in early August 2024, Gordon retired from the boards of WIN Corporation and private investment firm Birketu as well as 41 private companies associated with businesses owned by him. He will remain Birketu's "ultimate decision maker", while stepping back from daily management at WIN.

Personal life

Gordon lives in Bermuda with his second wife, Judith, with additional residences in Sydney and Monaco. Gordon has a son, Andrew, and a daughter, Genevieve.

Net worth

As of May 2023, the Australian Financial Review assessed Gordon's net worth at A$1.30 billion. Gordon is one of eleven living Australians who have appeared on every Rich List, since it was first published in 1984.

Year	Financial Review Rich List		Forbes Australia's 50 richest
Year	Rank	Net worth A$	Rank	Net worth US$
2014	34	$1.096 billion	40	$0.700 billion
2015	46	$1.060 billion	41	$0.720 billion
2016	54	$0.990 billion	46	$0.570 billion
2017	107	$0.629 billion	n/a	not listed
2018	113	$0.702 billion
2019	134	$0.728 billion
2020	111	$0.892 billion
2021	123	$0.870 billion
2022	110	$1.30 billion
2023	133	$1.07 billion

Legend
Icon	Description
	Has not changed from the previous year
	Has increased from the previous year
	Has decreased from the previous year

References

^ Chessell, James; Totaro, Paolo (7 March 2015). "How Bruce Gordon, the man from WIN, helped catch Silvio Berlusconi". Financial Review. Retrieved 23 June 2017.
Windsor, Georgina (11 February 2010). "WIN Corp owner Bruce Gordon sues Nine over live-streaming of TV channels". The Australian. Retrieved 4 June 2016.
^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017.
^ "BRW Rich 200 list 2014: 34. Bruce Gordon". BRW. Sydney. 27 June 2014. Archived from the original on 30 June 2014. Retrieved 29 June 2014.
Buckingham-Jones, Sam (29 September 2024). "Billionaire Bruce Gordon retires from WIN as succession questions loom". Media & marketing. Australian Financial Review. Sydney: Nine Publishing. Retrieved 30 September 2024.
Chessell, James (5 August 2010). "Gordon's girl in the running for WIN television crown". news.com.au.
^ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
^ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Archived from the original on 27 July 2014. Retrieved 22 May 2013.
"2014 Australia's 50 Richest". Forbes Asia. January 2014. Retrieved 30 June 2014.
^ "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. 26 May 2016. Retrieved 26 May 2016.
"2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
"2016 Australia's 50 Richest". Forbes Asia. January 2016. Retrieved 9 June 2016.
Stensholt, John (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
"Bruce Gordon ranked 134 on Australian Financial Review's Rich List". Illawarra Mercury. 30 May 2019. Retrieved 29 September 2019.
Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.

Categories:

Latest revision as of 22:51, 29 September 2024

Career

Personal life

Net worth

See also

References