NewsBite

Rich Listers

Today

Left to right: Sigma Health Care CEO Vikesh Ramsunder with  Chemist Warehouse founders Sam Gance, Jack Gance and Mario Verrocchi.

Here’s why Chemist Warehouse is really worth $32b

As Chemist Warehouse celebrates the $32 billion marriage with Sigma, it’s clear how vital the retail chain’s culture will be to the deal. Here are the secrets of that culture. 

  • James Thomson

This Month

Healthcare billionaire doubles seaside spread

Businessman Dennis Bastas and wife Georgina will add the disputed Mornington Peninsula site to the adjacent lot they purchased in 2021 for $7.1 million.

  • Michael Bleby
Dennis Bastas has created the largest pharmaceuticals player in Australia.

Billionaire Dennis Bastas has big plans to take MCoBeauty global

The businessman says the brand known for “duping” expensive popular products is the platform he needs to build a vast beauty empire.

  • Yolanda Redrup
All smiles: Rich Lister Dennis Bastas with Shelley Sullivan, who built MCo Beauty to a billion-dollar “unicorn” company.

Billionaire swoops on $1b MCoBeauty cosmetics empire

Shelley Sullivan’s cosmetics and skincare brand has stirred controversy, but she’s having the last laugh with a deal said to be worth $500 million.

  • Lauren Sams

January

Olivia Wirth and Solomon Lew are teaming up for a deal that will make Myer much bigger.

Six decades on, Solomon Lew sets Myer a $5b goal

The retail veteran is banking on big things from a department store icon that has been part of his life for 61 years. 

  • James Thomson
Advertisement
Chemist Warehouse founders Jack Gance, Mario Verrocchi and Sam Gance.

New Chemist Warehouse riches revealed: 53 investors worth over $50m

Exclusive analysis of the share registry has unveiled for the first time just how many millionaires its merger with Sigma will mint.

  • James Thomson
James Packer’s girlfriend, Renee Elizabeth Blythewood, posted pictures of him dining with Donald Trump and Elon Musk.

James Packer dines with Trump, Elon Musk

New social media photos show the Australian billionaire seated with Elon Musk and the new president at dinner in Mar-a-Lago.

  • Primrose Riordan
Prominent investor Alex Waislitz and property developer Tim Gurner. Mr Waislitz has accused Mr Gurner’s Gurner Group of delays and defects at its Saint Moritz development.

Alex Waislitz and Tim Gurner feud over luxury St Kilda tower

The wealthy businessmen are at loggerheads over problems at the Saint Moritz development. Mr Waislitz says Mr Gurner is trying to silence residents.

  • Primrose Riordan and Sarah Thompson
Emma Shipley has been appointed managing director of contractor Roberts Co.

Roberts Co names Emma Shipley MD, George Kostas as chair

The Rich Lister-owned building contractor gave little detail about the resignation of its previous CEO Matt Bourne just before Christmas.

  • Michael Bleby

The billionaire, the mine, the minority stake and her lover

It’s 14 years since Gina Rinehart transferred ownership of a company to her late lover. The company controls a stake in her next big mine, but who controls it?

  • Peter Ker
Richard Weinberg and Adam Shell from the Terrace Tower Group.

The secretive Saunders family is going all in on lending to the rich

The late John Saunders founded Westfield with Frank Lowy. The family investment vehicle sees plenty of opportunities in helping the cash-strapped wealthy.

  • Primrose Riordan

December 2024

The top AFR Magazine reads of 2024

From what Rich Listers teach their kids to why Saudi Arabia is luring so many Australians, here’s a collection of some of our best-read features this year.

Arnold Vitocco and asbestos mulch.

Rich Lister charged in park asbestos contamination

Arnold Vitocco’s family company owns chocolate chain Max Brenner and is credited with building Liverpool in Sydney’s west. He is now charged with environmental crimes.

  • Rohan Sullivan
The Toorak development will include a ground floor restaurant.

James Packer-backed $400m Toorak project gets the green light

Developer Orchard Piper has won an appeal against a council decision regarding its eight-level project on the site of a former Mercedes-Benz dealership.

  • Larry Schlesinger
The Financial Review’s Primrose Riordan interviewing Andrew Forrest.

I sent Andrew Forrest 50 hard questions. He invited me to have a talk

After months of reporting, and only carefully worded written responses from Fortescue, I found myself with the iron ore billionaire on the company jet in the Pilbara.

  • Primrose Riordan
Advertisement

Fortescue executive chairman Andrew Forrest in his own words

After The Australian Financial Review sent 50 questions following an investigation, the iron ore billionaire and green energy advocate sat down for an interview.

  • Primrose Riordan

Inside the ‘unending chaos’ at Andrew Forrest’s Fortescue

After a frenetic world tour, the billionaire had to wind back his hydrogen plans. A Financial Review investigation looks at what led to an exodus of executives.

  • Primrose Riordan
The late David Haines was a pioneering hedge fund manager and amassed a significant fortune before his death last year.

Late billionaire David Hains’ sons go their separate ways

People close to the family said that the split of assets was amicable. One son of the pioneering hedge fund manager has quietly started his own family office.

  • Primrose Riordan
Paris Neilson (left) and Griffin Theatre Company executive director Julieanne Campbell at Stables Theatre, which a Neilson gift - and a last-minute Canberra grant - has helped save.

How a billionaire and government saved a key Sydney theatre

Griffin Theatre Company gave the world Cate Blanchett and David Wenham, but a soaring budget for a much-needed rebuild almost took it away.

  • Updated
  • Michael Bailey

November 2024

Declan Sherman has been an investment banker, a fitness studio owner and a labour hire CEO, but Infragreen is where his real passion lies.

Billionaire John Van Lieshout backs sustainability investor Infragreen

Infragreen has secured a $40 million investment from Rich Lister John Van Lieshout’s fund to acquire a peaking power plant.

  • Yolanda Redrup

Original URL: https://www.afr.com/topic/rich-listers-1mrc