There are nine exceptional property entrepreneurs who have featured on every BRW Rich list since its 1984 commencement.
They dominate the full list of 19 entrepreneurs who have made every BRW Rich 200 over the 30 editions. There are others like Solomon Lew with a strong property weighting too, but are categorised under the investment industry.
Frank L0wy’s heads the list of the nine.
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Ranked sixth this year, Harry Triguboff, the second wealthiest property player had a jump from $4.85 billion to $4.95 billion.
BRW says last financial year, Meriton had $1.2 billion in revenue, most of which came from residential apartment sales and the management of serviced apartments.
The presence of the nine property veterans suggests that property is still a pathway to wealth although there are far fewer property investors in BRW’s Young Rich List than on the full Rich List.
Eight of the members of BRW’s 100 Young Rich List have made the bulk of their money from property.
In the Rich List 200 published in May 2012 it was some 55 of the members who made their money from property.
Proportionally that’s three times as many property investors on the older list than the younger list.
The veteran property players that are stayers are:
1) Frank Lowy
Prior peak net worth: $6.51 billion (2012)
Current net worth: $6.87 billion
Westfield Group founder who owns shopping centres around the world.
2) Harry Triguboff
Prior peak net worth: $4.85 billion (2012)
Current net work: $4.95 billion (2013)
Sydney’s apartment king.
3) John Gandel
Peak net worth: $4.10 billion (2004)
Current net worth: $3.7 billion
Owner of Australia’s biggest shopping centre, Chadstone.
4) Stan Perron
Prior peak net worth: $2.05 billion (2012)
Current net worth: $2.33 billion
Perth legend best known as a property investor and owner of Western Australia’s Toyota distributorship.
5) Maurice Alter
Prior peak net worth: $1.50 billion (2012)
Current net worth: $1.78 billion
Melbourne property developer who owns an extensive portfolio.
6) Alan Rydge
Prior peak net worth: $875 million (2012)
Current net worth: $1.19 billion
Well-known investor whose family established – and still controls – Amalgamated Holdings.
7) John Kahlbetzer
Peak net worth: $800 million (2012)
Current net worth: $780 million
Pastoralist who divides his time between Australia and Argentina.
8) Bruno & Rino Grollo
Peak net worth: $1.10 billion (2011)
Current net worth: $740 million
Melbourne property developers behind Grocon and Equiset.
9) John Longhurst
Prior peak net worth: $456 million (2010)
Current net worth $470 million
Developer of Dreamworld theme park and property owner.
The peak net-worth figures represent the highest valuation attributed by BRW between 1984 and 2012.
This article first appeared on Property Observer.