For 37 years, the Australian Financial Review has tallied the numbers to reveal the country’s most successful entrepreneurs. The valuations are out, with Anthony Pratt and family topping the tally with $15.57bn. Gina Rinehart follows with 13.81 bn, however there were also a number of Greeks who made their way to the top of the rich list.
1. Makris, Con and Family ($1.32 billion), ranked 69
The 72-year-old businessman based in the Gold Coast is the first Greek Australian immigrant to become a billionaire. He arrived in Adelaide in the 60s and his business grew from several takeaway shops to entire malls and marina piers. He sold his property group’s former headquarters on Adelaide’s King William Street, to Quintessential Equity in December.
2. Politis, Nick ($1.23 billion), ranked 74
A challenging year for car dealerships saw sales dwindle, causing Mr Politis to slide from the top of the list. The majority of the 77-year-old Sydney-based businessman’s wealth comes from his privately-owned WFM Motors. He is also the chair of the NRL’s Sydney Roosters and a minority owner of the Brisbane Broncos.
3. Paspaley, Nicholas and family ($1.12 billion), ranked 83
The Darwin-based 71-year-old was not assessed last year. The Paspaleys’ eponymous pearls noted a five-fold increase in website traffic in December after Meghan Markle, Duchess of Sussex, was photographed wearing Lavalier earrings. The company was founded by the late Nicholas Paspaley, and is now owned by his three children, whereas grandchildren have also entered the business.
4. Alysandratos, Spiros ($931 million), ranked 99
Who can forget the two-hour bidding war at a live auction for the art deco 220 Bourke Street building in Melbourne’s CBD last year? The $15m was just small change for the 79-year-old millionaire who heads the
Consolidated Travel Group that offers ticketing technology and other services to travel agents and airlines and owns 20 per cent of Helloworld. Not bad for the Greek immigrant from Kefalonia.
5. Karedis, Theo ($815 million), ranked 115
The 83-year-old Sydney-based millionaire founded Arkadia Property Services following the $175m sale of his Theo’s Liquor bottle shops to Coles in 2002. Karedis moved to Australia in 1955, and began his ventures with a deli.
6. Stamoulis, Harry and Family ($767 million), ranked 125
The late Spiros Stamoulis sold his Gold Medal soft-drink brand to Cadbury-Schweppes in 2004, and there have been numerous acquisitions since then. 51-year-old Harry’s sister, Melina, oversees the Nafsika Stamoulis Hellenic Museum, whereas Harry is also a passionate soccer fan who has served as director of Melbourne Victory.
7. Harmanis, Kerry ($662 million), ranked 147
The 71-year-old from Perth is a former barrister and nickel king. He owns many residential and retail properties and pocketed $500m from the sale of his Jubilee Mines to Xstrata in 2007. He is also a major advocate of meditation and founding member of Mindful meditation Australia.
8. Itsines, Kayla and Pearce, Tobias ($486 million), ranked 196
Itsines and her fiance are the designers of the fitness app Sweat. Aged 26 and 28, the Adelaide-based couple has a bright future ahead.