Gail Kelly Net Worth $329 Million
Annual Salary: AU $9.5 million
Title: Chief Executive
Schooling: BA/BS, University of Cape Town
Marital Status: Wedded
As head of Australia’s second-biggest bank, Westpac, with $551 billion in assets and $15.9 billion in sales, and the country’s most powerful businesswoman, the native of South African has an outsized public profile. Kelly’s every statement and view–public or otherwise–is reported minutely, occasionally provoking national controversy. Since late 2009 Kelly has earned the ire of regular Australians by dramatically increasing interest rates on loans. The issue, in accordance with Kelly: Australian consumer savings rates are reduced than in other sections of the world, making it more expensive for banks like Westpac to find out backing. She is expecting to attract more Australian savers as of 2011 to stop the vicious cycle.
Currer attended the University of Cape Town where she undertook an arts degree majoring in history and Latin as well as a Diploma of Education. The couple returned to South Africa where Allan Kelly studied medicine at the University of the Witswatersrand and Gail Kelly educated at a government high school.
Kelly started work at the Nedcor Bank as a teller but was fast-tracked into an accelerated training course. She started an MBA in 1986 while pregnant with her oldest daughter and graduated with distinction in 1987.In 1990, she became head of HR at Nedcor after having given birth to triplets five months previously. The Kellys were becoming disillusioned with South Africa in the middle of the 1990s and were looking to go to a different country. In 2010, Forbes rated her the 8th most powerful woman in the world; she was rated 18th in 2009; and rated 11th in 2008.