MINING company directors haven't been the only victims of the stock market plunge.
MINING company directors haven't been the only victims of the stock market plunge.
Kerry Stokes' stake in Seven Network dropped by 58 per cent, representing a total loss of $774 million. Vernon Wheatley's share value in Automotive Holdings Group dropped by 70 per cent, sweeping off $147 million of his paper wealth, and Peet non-executive chairman Tony Lennon's stake dropped by $151 million.
However, it is the non-mining sector that seems to have toughed it out best in terms of WA's rich list.
Managing director of education program provider, Navitas, Rodney Jones, has experienced the smallest paper wealth value drop since the company share price last peaked - 13 per cent, a total loss of $18 million.
Executive director of transportable housing company Fleetwood Corporation, Greg Tate, has had the value of its shareholding in the company drop by 39 per cent, which contrasts with the 50 per cent minimum fall experienced by most of the top 20 directors in the resources sector.
Austal directors John Rothwell and Christopher Norman experienced a 41 per cent fall in their stake value in the high-performance vessels manufacturer.
This represents a $49 million loss for Mr Rothwell and a $39 million loss for Mr Norman.
Southern Cross Electrical Engineering executive chairman Frank Tomasi had a 43 per cent decrease in the paper value of his stake in the company, representing a total of $47 million.
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