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The $500m pub owner you’ve never heard of

David Tomsic, the son-in-law of billionaire pub owner Bruce Mathieson, started out as bricklayer but now owns more than 40 venues.

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David Tomsic may not be a household name like his father-in-law, billionaire pub and pokies baron Bruce Mathieson, but he’s quietly accumulated a portfolio of gaming venues over the past 18 years that’s turned him into one of the country’s biggest publicans.

His latest acquisition, the Royal on Ninety-Nine in the Queensland outback town of Roma – purchased for about $7 million this week – takes his Black Rhino Group, which he runs with his wife Deborah Mathieson-Tomsic (the youngest of Bruce Mathieson’s two daughters) to over 40 venues spread across Victoria, South Australia and Queensland.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/the-500m-pub-owner-you-ve-never-heard-of-20240830-p5k6ls