How Scott O’Neill became the commercial property king
Young Rich Listers Scott and Mina O’Neill have had one of the biggest jumps in net worth of those on the 2024 list, but it all started with a supermarket and a fish and chip shop.
Scott O’Neill acquired his first commercial property in 2015. It was an easy decision for the then 28-year-old who was an avid property investor, but a move that would alter the course of his career, and fortune.
Located in Perth’s outer eastern suburbs, the purchase housed a mini-mart and a fish and chip shop – both businesses that could withstand Western Australia’s economic slowdown. With two income streams, the return on the entry-level asset was enough for O’Neill to leave residential property behind.
Yolanda RedrupRich List editorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
