Gerry Harvey Net Worth

Gerry Harvey has an estimated net worth of $3.1 billion, according to Forbes Real-Time Billionaires, Gerry Harvey profile (figures as of October 20, 2026). That is up from $1.4 billion in 2019.

Gerry Harvey is an Australian entrepreneur best known as the cofounder and executive chairman of Harvey Norman. He started out selling vacuum cleaners and fridges door-to-door for Goodwins of Newtown. He later met Ian Norman while both were working in door-to-door vacuum sales. The pair opened their first store in Sydney in 1961. After the earlier Norman Ross business was sold in 1982 for $23 million, Harvey started Harvey Norman that same year through its first store in Auburn, NSW.

His profile rose with Harvey Norman, which became a major retail name in Australia and also owns Domayne and Joyce Mayne. Harvey took a hands-on approach and became a familiar spokesman in the company’s radio ads. In 1999, he joined George Goh Ching Wah of Ossia International Limited in a $S33 million joint venture called Harvey Norman Ossia (Asia), created to retail the Harvey Norman brand in Asia. Forbes classifies him as self-made.

How Gerry Harvey makes his money

Most of Gerry Harvey’s fortune comes from retail. He cofounded Harvey Norman with Ian Norman in 1982 and remains its executive chairman. Forbes says the company is a chain selling furniture and electrical goods. The business also reaches well beyond Australia. According to Forbes, Harvey Norman has more than 100 company operated stores overseas, including in New Zealand, Singapore, Malaysia, Slovenia and the UK. That mix of local scale and international reach is central to how his wealth was built.

His wealth is not limited to the main retail chain. Forbes says he also controls a property portfolio and owns the Magic Millions racehorse auction market. The background details add that he owns 50% of Magic Millions and has over 600 thoroughbreds in his stables. Katie Page runs Harvey Norman and also holds shares in the company. Harvey has called Page “the mastermind” of the operation, while he remains one of the business’s most visible public figures.

What Forbes says about his wealth

Forbes has tracked large changes in Gerry Harvey’s fortune over the years. It estimated him at $1.4 billion in 2019, then $1 billion in 2020. In 2021, Forbes put him at $2.2 billion, followed by $2.1 billion in 2022 and $1.7 billion in 2023. Those year-to-year moves show how billionaire estimates can shift even when the main business stays the same. In Harvey’s case, Forbes ties his wealth to retail, while also noting property and Magic Millions.

More recently, Forbes estimated him at $2.1 billion in 2024, $2.4 billion in 2025, and $3.7 billion on the 2026 World’s Billionaires List. Forbes’ real-time billionaires tracker later placed him at $3.1 billion as of October 20, 2026. That current figure sits alongside a long business story: a retailer he cofounded in 1982, an overseas store network in several countries, and additional assets outside the shop floor. Together, those businesses explain why Forbes continues to track his wealth in the billions.