Retailers are giving the same old mining and property suspects a run for his or her cash, with 31 Aussies who made their fortunes in retail and manufacturing securing a spot on this yr’s Wealthy Record.
The Wealthy Record, compiled yearly by The Australian Monetary Overview, options 200 of essentially the most prosperous Australians whose mixed wealth is valued at $479.6 billion, up from $424 billion the earlier yr.
Among the many prime 100 are 14 retailers with fortunes valued between $7.86 billion and $1.22 billion.
Family names corresponding to Alan Wilson made the record, with the chief chair of the plumbing and loo group Reece topping the class with $7.86 billion, rating eleventh out of 200.
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Wealth greater than $1 billion
John Gandel, founding father of Gandel Group, which owns half of Chadstone mall in Melbourne and part-owns Chadstone’s co-owner Neighborhood, ranked 13 with a fortune of $5.45 billion.
Unsurprisingly, Solomon Lew, chair of Premier Investments, ranked twenty third total, with $4.27 billion, up 17.3% from the earlier yr.
Chair of Harvey Norman, Gerry Harvey and his companion Katie Web page ranked twenty eighth total with wealth valued at $3.2 billion. The couple’s fortune soared a whopping 24.5% because the earlier yr, due to pandemic-induced demand for residence merchandise.
Ranked 53rd is Marc Benson, whose $2.05 billion fortune was first made in retail earlier than he turned to industrial actual property. Benson’s historical past in retail consists of proudly owning lingerie retailers began by his companion’s mother and father, which later turned Sussan Group, now owned by his daughter and fellow wealthy lister Naomi Milgrom.
With wealth of $1.93 billion, Cotton On founder Nigel Austin ranks 57th. Austin’s enterprise began on the Geelong markets the place he offered denim jackets, and has now grown to incorporate 1,300 shops working in 19 nations.
Russell Withers, founding father of 7-Eleven Australia and proprietor of Starbucks espresso Australia, has ranked 58 with $1.9 billion.
Retail pharmacy disrupters, Jack Gance and Mario Verrocchi, who co-founded My Chemist Retail Group, ranked sixtieth and 63rd with fortunes of $1.82 billion and $1.79 billion respectively.
Manny Stul, co-chief government of Moose Toys, ranked 69th with wealth valued at $1.6 billion. Stul’s enterprise has lately boomed after securing a contract to change into the unique toy maker for the children’ TV sequence Bluey.
Invoice and Imelda Roche, founders of the direct-to-consumer magnificence enterprise Nutrimetics Australia, have secured 95 place. The couple have accrued a fortune of $1.22 billion in residential and industrial property after promoting their magnificence firm to Sara Lee in 1997.
Fortunes lower than $1 billion
Outstanding retailers with lower than $1 billion of wealth embrace Naomi Milgrom, proprietor of Sussan Group, which is residence to manufacturers like Suzanne Grae and Sportsgirl. After attempting to promote her enterprise to no avail final yr, Milgrom managed to commerce by means of the pandemic and rank one hundred and fifteenth out of 200 with a fortune of $933 million.
Rod Duke, proprietor of Briscoe Group, ranked 124th with $869 million in wealth this yr. The Adelaide native owns the most important stake in an organization that options the likes of Insurgent Sport New Zealand and Kathmandu.
Tania Austin, proprietor of ladies’s vogue model Decjuba, has entered the record for the primary time at 153th place with wealth of $721 million. Austin’s vogue chain now boasts 140 shops in Australia and New Zealand.
Joanna Horgan and Peter Wetenhall, homeowners of the cosmetics-focused Mecca Manufacturers, have ranked within the prime 200 for the primary time this yr. Their wealth, valued at $658 million, is attributed to the success of greater than 100 shops in Australia and China.
This yr, Tah-nee and Simon Beard made their debut on the Wealthy Record rating 186th. The couple, who began streetwear model Tradition Kings within the Gold Coast, are the youngest Australians on the record with $626 million.
Neville Bertalli, proprietor of Patterson Cheney, a automotive and truck dealership, is again on the record after a yr’s hiatus. His fortune is valued at $605 million, putting him at rank 191.
Producers ranked among the many likes of Anthony Pratt of Visy characteristic Vivek Chaand Sehgal, Johnathan Munz and Raphael Geminder, ranked 18th, 62nd and ninetieth respectively.
Ranked 136th is Harry Stamoulis with a fortune of $790 million. Since promoting Gold Medal Mushy Drinks to Cadbury Schweppes in 2004, the Stamoulis household have targeted on property improvement.
Kim McKendrick, former proprietor of the carpet producer Godfrey Hirst, ranked 167th with wealth of $676 million. The McKendrick household have maintained a property portfolio in Victoria since promoting their carpet enterprise for $600 million in 2017.
Entrepreneurs nonetheless within the manufacturing recreation are Grant Petty and Douglas Clarke of Blackmagic Design. Petty and Clarke made their debut on the Wealthy Record this yr, rating 199th and two hundredth with $592 million and $590 million of wealth respectively.