Katie Page Explained

Katie Page
Birth Place:Mareeba, Queensland
Nationality:Australian
Education:Brisbane State High School
Boards:National Rugby League
Children:2

Kay Leslie "Katie" Page (born 1956) is an Australian business executive and the CEO of retailer Harvey Norman. In 2015, she was ranked fourth on the list of the "50 most powerful women in business". She is a backer of several professional sports and an active promoter of women in sports.

Early life and education

Page was born in Mareeba, Queensland, Australia. She has three sisters. Her father, a bank manager, relocated the family approximately every four years, and Katie and her sisters grew up in St George, Rockhampton, and Brisbane. She graduated from Brisbane State High School in 1973[1] and planned to become a surveyor, but was discouraged by the low pay available then for women. She moved to Sydney, posing as a 21-year-old. When she was 19, she competed in an "intelligence test" to raise funds for children with autism; Gerry Harvey was one of the judges. Six years later, Harvey offered her a position as an assistant at his new Harvey Norman store. Page worked in ad buying, sales, marketing, and publicity for the firm, and also helped Harvey syndicate his horses. In 1988, when Page was 32 and Harvey 49, they married. She is Harvey's second wife.

Career

Harvey Norman was founded in 1982 by Harvey and his partner, Ian Norman.[2] Page joined the first store in 1983 as an assistant and in 1999 became CEO of the company.[2] Harvey is the executive chairman.[2]

Under Page's stewardship, Harvey Norman expanded into New Zealand in 1996, Singapore in 2000, Malaysia, Slovenia in 2003, and Ireland. It entered online sales in 2001. As of 30 June 2015, Harvey Norman operated 277 stores in eight countries, with revenues of 4.9 billion and net profit of 165 million.[2] Page's base salary was 2.07 million in 2014.[3]

In 2021 Katie Page-Harvey was inducted into the Queensland Business Leaders Hall of Fame.[4]

Other activities

Page is active as a backer of several professional sports. She co-owns, with Harvey, the Magic Millions Thoroughbred racehorse auction house,[2] along with four breeding studs and 1,000 racehorses.

In 2004 Page was the first woman to be elected to the board of the National Rugby League (NRL). She introduced the NRL's Women in League in 2005. Harvey Norman sponsored the National Rugby League's State of Origin series from 1997 to 2012, and continues to sponsor the Women in League round and Indigenous All Stars match.

Page is an active supporter of women in sports. For the 2013 Jeep Magic Millions 2YO Classic, she announced a special 500,000 prize to be divided among the first four horses passing the post that were owned or leased by women.[5] The special purse, called the Racing Women's Incentive Bonus, was offered again in 2014 and 2015.[6] [7]

In March 2015 Page announced the company's sponsorship of the Auburn Giants, a mostly female, Muslim Australian Football League team.[8] In September 2015 she announced the company's sponsorship of the all-female racecar driving team of Simona de Silvestro and Renee Gracie in the 2015 Supercheap Auto Bathurst 1000.[9]

Page owned a share in the Byron at Byron Resort and Spa in New South Wales.[10] In 2015 she was developing M3565 at Main Beach, Queensland, a luxury residential project with seven boutique apartments averaging 17,000 per square metre.[11] [12]

Personal life

Page and Harvey have two children.[13] [14] She is an avid badminton player.[13]

In 2015, Page was ranked fourth on The Australian Business Review list of the "50 most powerful women in business".[15]

Net worth

Despite their 1988 marriage, from 2013 up to and including 2020, the BRW/Financial Review assessed Harvey's net worth as an individual and did not include Page. Since 2021, the Financial Review assessed the combined net worth of Harvey and Page jointly.

YearFinancial Review
Rich List
Forbes
Australia's 50 Richest
RankNet worth (A$)Rank
2021[16] $3.20 billion
2022$3.30 billion
2023[17] $2.91 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

Notes

Since 2021, the Australian Financial Review assessed the combined net worth of Page and Harvey jointly.

Notes and References

  1. Business Input. 8. Amicus. Brisbane State High School. January 2015. 20 September 2015. dead. https://web.archive.org/web/20150929135359/https://brisbaneshs.eq.edu.au/sites/default/files/bshs/Documents/Amicus_EMAIL%20January%202015.pdf. 29 September 2015.
  2. Web site: Asia's Power Businesswomen 2015. https://web.archive.org/web/20150228235114/http://www.forbes.com/pictures/fdgk45hmgg/katie-page-58-australia/. dead. 28 February 2015. Forbes. 2015. 20 September 2015.
  3. Web site: Harvey Norman CEO Katie Page 'a bargain' at $2.07m. Colin. Kruger. 23 November 2014. 20 September 2015. The Sydney Morning Herald.
  4. Web site: Katie Page-Harvey . 18 May 2022 . Queensland Business Leaders Hall of Fame.
  5. Web site: Race Series General Information. 2014. Magic Millions.
  6. Web site: Magic Millions incentive for women catches on in a big way. John. Holloway. 1 January 2015. 21 September 2015. Brisbane Times.
  7. Web site: Magic Millions initiative encourages women racehorse owners. Georgina. Safe. 10 January 2015. 21 September 2015. The Sydney Morning Herald.
  8. Web site: Harvey Norman CEO Katie Page will sponsor the Auburn Giants­ AFL team. 19 March 2015. 20 September 2015. John. Lehmann. Herald Sun.
  9. Web site: Bathurst 1000: Harvey Norman to sponsor all-female V8 Supercars team. Fox Sports. 12 September 2015. 20 September 2015.
  10. Web site: Katie Page – The New Face of Retail. 26 April 2012. 20 September 2015. Women in Focus.
  11. Web site: Fashion designer Alex Perry and businesswoman Katie Page release luxe apartments . Emily . Power . 15 July 2015 . 20 September 2015 . Domain.
  12. Web site: Katie Page reveals Main Beach boutique apartment M3565 as 'new age of luxury living' . Quentin. Todd . 22 May 2014 . 20 September 2015 . Gold Coast Bulletin.
  13. Web site: Passions on the Field. Mike. Bruce. 8 January 2012. 20 September 2015. The Sunday Mail.
  14. Web site: Harvey Norman co-founder Gerry Harvey is seeing the green shoots of the Australian economy. Craig. Cook. 15 March 2013. 20 September 2015. The Advertiser.
  15. Web site: 50 most powerful women in business: 4. Katie Page. Glenda. Korporaal. 20 February 2015. 20 September 2015. The Australian Business Review.
  16. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 27 May 2021 . 28 May 2021.
  17. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 26 May 2023 . 6 June 2023.