This school drop-out became a property magnate. Here’s how he did it

He was told he didn’t have the ‘capability’ to finish school. Now, Nigel Satterley has a $500 million empire that landed him on the Rich List.

Julie-anne SpragueRich List editor

Oct 23, 2023 – 5.00am

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Nigel Satterley was told he didn’t have what it takes to complete high school. And so he left.

Today, he is the country’s biggest private residential land developers with an empire worth more than $500 million. His success has come from keeping things extraordinarily simple.

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Julie-anne SpragueRich List editorJulie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia.