John Coates Family and Net Worth – John Dowling Coates AC is an Australian lawyer, sports administrator and businessman. He is a member of the International Olympic Committee (IOC) having served as a vice president from 2013 to 2017 and again since 2020.
|Birthdate ( Age)||7 May 1950|
|Place of Birth||Sydney, Australia|
Peter Coates ( Father)
|Profession||Australian lawyer, sports administrator and businessman|
|Net Worth||US$4.6 billion|
|Last Update||July 2021|
John Coates AC is an Australian lawyer, sports administrator and businessman. He is a member of the International Olympic Committee (IOC) having served as a vice president from 2013 to 2017 and again since 2020, and is the current president of the Australian Olympic Committee and chairman of the Australian Olympic Foundation. Coates is currently chairman of William Inglis & Son Ltd, a bloodstock auction and financial services company; a member of Grant Samuel Advisory Board, a member of the European Australian Business Council.
John Coates Family and Parents
Born in Sydney,the son of a solicitor, Coates was brought up in the Sydney suburb of Strathfield. He attended Homebush Boys High School. He was keen on sports at school, being a member of the school’s 5th Grade cricket XI in 1963.
He took a day off school in early 1964 to watch Richie Benaud play his last test match, and a photograph appeared in The Sydney Morning Herald the next day of a beaming Coates alongside Benaud as he left the field of play.
Failing to make the school’s senior cricket sides he took up rowing in 1967 some three years after the school had introduced the sport in 1964, coxing one of the school’s boats to victories over more experienced crews from established rowing schools at several regattas.
In 1968 he was captain of the school’s rowing squad. Failing to matriculate at his first attempt at the NSW Higher School Certificate in 1967, Coates repeated Year 12 in 1968 with much sounder results. After leaving school he studied at the University of Sydney, and qualified as a solicitor.
John Coates Wife
John Coates is a married man. Coates married former representative rower, Pauline Kahl with whom he had six children. They are now divorced. In October 2017, after a three-year engagement, Coates married, in a Sydney suburban park, hair and make-up artist, Timor-Leste born Orieta Pires.
John Coates Net Worth
John Dowling Coates AC is an Australian lawyer, sports administrator and businessman who has an estimated Net Worth of US$4.6 billion in 2021.
Having remained involved with the sport of rowing through Sydney Rowing Club, Coates was in 1978 elected to the (now defunct) position of Honorary Secretary of the Australian Amateur Rowing Council (now Rowing Australia) and in 1983 became President (and from 1984 Chairman). He continued in this role until 1988.
Coates has been virtually a fixture at the Summer Olympics for more than 30 years, having been Australian Olympic Team Rowing Section Manager at the Montreal Games (1976), Administration Director at the Moscow Games (1980), Deputy Chef de mission at the Los Angeles Games (1984), and Chef de mission at the Seoul (1988), Barcelona (1992), Atlanta (1996), Sydney (2000), Athens (2004) and Beijing (2008) Games.
He has been a part of a number of Olympic bids including the Brisbane 1992 Olympic Games Bid, Melbourne Olympic Games Bid Strategy Committee, and the 1991-1993 Sydney Olympics 2000 Bid Limited.Coates was Vice President of the Sydney Olympic Bid Committee. He played a key role in bringing the 2000 Olympics to Australia and in its delivery.
Prior to the Sydney 2000 Olympics, Coates offered African countries scholarships allowing their athletes to train in Adelaide in the lead up to the Sydney Games. 400 athletes from 11 African nations took part in the special Olympic Training Camp. Under the program the visiting teams received all meals, accommodation, training facilities, local transport, and access to sports medicine experts. In total, the Program provided $2 million to support the development of African athletes and coaches who participated in the Sydney 2000 Olympic Games. The bulk of that amount was spent in Australia. The controversy caused by this was fully investigated by the IOC and Mr Coates was cleared of any wrongdoing.
Coates was quoted as saying “I wasn’t going to die wondering why we didn’t win, like we didn’t win (when competing with) Brisbane or Melbourne. We needed to get our fair share of votes out of Africa.”
In an article published in Sydney’s Daily Telegraph on 27 January 1999, Coates said Australian officials had at first been “terribly naive” about the bidding process but soon “refined” their efforts. Based on the lessons of two failed Games bids (Brisbane and Melbourne), Coates produced a 16-page strategy document. With government support, the budget for securing IOC delegates’ support was increased from A$6 million for the Brisbane bid to A$28 million for Sydney.
Coates is currently chairman of William Inglis & Son Ltd, a bloodstock auction and financial services company; a member of Grant Samuel Advisory Board, a member of the European Australian Business Council and member of the Sydney Olympic Park Authority board. He is a former deputy chairman and non-executive director of David Jones Limited; and former partner in the Sydney law firm of Kemp Strang.
He is a former director of the Australian subsidiaries of Grosvenor Group Limited, a property development company privately owned by the Duke of Westminster. He has previously served on the boards of several state and federal statutory bodies, charities and companies, including, from just after the 2000 Olympic Games, the Australian subsidiary of the public relations company Burson-Marsteller. ( Source Wikipedia and News Websites )