Australia’s wealthiest 200 people have been revealed by The Australian Financial Review, and as usual there are a number of Greek Australians on the Rich List.

There are at least 12 Greek Australians and families featured, with Dennis Bastas the richest of the lot followed by Nick Politis.

As for the overall list, while there have been tumbles, there has been a collective leap of 6.9 per cent to $667.8 billion.

Some of the key statistics include ten debutants, 42 women and an average age of 67.

Resources is still the largest industry ($141bn) while property is the second-largest sector, contributing $125.8bn.

The gap between property and tech widened this year; the technologists are worth a collective $105.9bn.

This gap would have significantly narrowed, however, had this year’s valuation not cut- in the middle of the equities markets freefall triggered by US President Donald Trump’s tariffs.

Greeks featured in the Financial Review Rich List:

Dennis Bastas (Rank 53) with $2.93bn

Bastas, Chairman & Group Chief Executive Officer of DBG Health Group, increased his wealth by 63 per cent in one year.

He acquired the remaining 50 per cent of MCoBeauty shares in February 2025, in a deal that valued Shelley Sullivan’s cosmetics business at almost $1bn.

His parents immigrated to Australia from Greece in the 1960s and he grew up in Melbourne.

One of his first jobs was in the logistics department at Coles Myer. In the early 2000s, after spotting an opportunity to improve access to generic medicines in Australia, he started his first business, Genepharm Australasia.

In 2012, the American company Watson acquired the business (which by then had been renamed Ascent Pharmahealth) for $375 million.

In 2015, Bastas acquired Arrow Pharmaceuticals in a deal worth $380 million. In 2019, he merged the business with Apotex Australia, creating Arrotex Pharmaceuticals. The company is now part of the DBG Health empire, of which he owns 90 per cent after buying out most of its shareholders in 2023, in a deal estimated to be worth $1 billion. The DBG Group is forecast to reach $2 billion in revenue in 2025.

Nick Politis (Rank 64) with $2.58bn

Politis made his fortune in the automotive sector, buying and developing car dealerships.

He started with the City Ford dealership in Sydney and turned it into an extensive network of more than 250 dealerships and a real estate empire.

Today he is a major shareholder in Eagers Automotive and, in mid-April, his stake in the company exceeded $1 billion, following the stock’s recent rise.

Politis had purchased an additional 100,000 shares in May 2024, after the stock temporarily fell 19 per cent due to a profit warning.

He bought two Porsche dealerships in Melbourne in 2024 for just under $50 million.

Chairman of the NRL club the Sydney Roosters, in 2026 he will celebrate half a century of association with his beloved club.

Few have sold as many cars as Politis, and few have had as much influence in Rugby League.

Theo Andrianakos & family (Rank 75) with $2.19bn

The late Nick Andrianakos passed away this year, but his family continues his business activities.

Theo Andrianakos has been managing Milemaker Petroleum since 2018, which he took over having already had 30 years of experience.

He has played a key role in the company’s expansion and diversification, including investments in shopping malls.

In February, the family made its largest single property transaction to date, acquiring 50 per cent of the Northland Shopping Centre in Melbourne for $385m.

In recent years, it has made three other significant transactions, including the purchase of 50 per cent of a shopping centre in Adelaide for $170 million, in November 2024.

In 2016, the family received $95 million from the sale of Milemaker petrol stations to Caltex, but retained the freehold land on 30-year leases.

Terry Tzaneros & Arthur Tzaneros (Rank 97) with $1.73bn

Terry and his son Arthur founded ACFS Port Logistics in 2005, Australia’s largest privately held container logistics business.

Their connection to the industry dates back to the 1970s, when Terry and his brother Steve founded trucking company Smith & Sons after completing Year 10.

The family also owns the freight forwarding business AGS World Transport, which increased its revenue by 60 per cent to $249.4 million in 2022 and made a net profit of $26.1 million.

Arthur’s Vaucluse mansion sold for $45m in March after 21 months on the market

Nicholas Paspaley & family (Rank 116) with $1.52bn

Nicholas Paspalis senior (later Paspaley) came to Australia from Greece in 1919 and began the family business by collecting shells for buttons.

Now the family’s wealth is mainly tied to real estate, such as New York’s Wall Street Hotel.

It also has assets in pearls and pearl meat, agriculture, shipbuilding, aviation, engineering and vineyards.

Theo Karedis (Rank 138) with $1.21bn

It was 70 years ago that Karedis moved to Australia from the island of Kythera.

His payday would came in late 2002 when he sold his Theo’s Liquor stores to Coles for upwards of $175m, before the dominance of Dan Murphy’s and big-box liquor retailing.

Together with his son Greg, they run Arkadia Group – among its assets are 11 shopping centres.

Harry Stamoulis & family (Rank 141) with $1.18bn

In 2004, the late Spiros Stamoulis sold the Gold Medal soft drinks company to Cadbury-Schweppes.

Today, Stamoulis Property Group owns assets such as the One Collins Street tower complex in Melbourne, purchased in 2016 for $125 million.

Stamoulis’s home in Toorak is estimated to be worth over $100 million.

Spiros Alysandratos (Rank 146) with $1.13bn

Alysandratos is the founder of Consolidated Travel, one of the country’s largest privately-owned travel companies, providing ticketing services to travel agents and airlines.

He also owns almost 15 per cent of Helloworld Travel and has commercial and residential property investments in Victoria estimated to be worth more than $50m.

Spiros Alysandratos came to Australia from Kefalonia in 1959.

Con Makris & family (Rank 163) with $987m

Makris started at a charcoal chicken shop, but his smart investments in commercial property have secured him a place on the list of Australia’s richest people.

He also owns the Endeavour Hills Shopping Centre in Melbourne’s south-east and is developing the $500 million Marina Mirage Gold Coast resort, which is scheduled to open in 2027.

Ilias Pavlopoulos, Andrew Chepul & family (Rank 173) with $883m

Pavlopoulos and his brother-in-law Chepul, founded Columbus Capital in 2006 and developed it into one of the largest non-bank lending companies in the country, under the trade names Origin and Homestar Finance.

Today it is known as ColCap and primarily provides mortgage products through wholesale, brokerage and retail distribution.

In the year to December 31, 2024, its loan portfolio grew 19 per cent to $16.7 billion and it made a net profit of $62.2 million, up from $50.8 million the previous year, on revenue of $181.4 million.

ColCap’s brands include Granite Home Loans, Origin Mortgage Management Services and Homestar Finance.

Kerry Harmanis (Rank 188) with $794m

Western Australia’s nickel king Harmanis made his fortune by selling Jubilee Mines for $3.1bn in 2007.

He is still involved in various mining exploration companies.

Losses in the share price of Duketon Mining and Talisman Mining were offset by rising price increases and expected gains on cash holdings.