It’s 2020. Crown Group has become one of Australia’s largest private developers of residential towers, amassing net profits of more than $100 million in seven years.
From that success, Crown’s two Indonesian-born founders, Iwan Sunito and Paul Sathio, each earned dividends of between $3 million to $6 million every year from 2014 to 2020, according to the company’s financial documents.
Campbell KwanReporterCampbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
