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Ron Walker left luxury cars, paintings, mansions and cash to family and even loyal staff

The $12 million empire and fortune of Ron ‘Mr Melbourne’ Walker includes fast cars, number plates, artworks, mansions and millions of dollars in cash.

Grand Prix hits town

EXCLUSIVE: Influential Melbourne identity and Grand Prix ­supremo Ron Walker had a ­number plate collection worth $2.52 million as court documents reveal his empire included fast cars, artworks, mansions and millions of dollars in cash.

His will, lodged in the ­Supreme Court, shows he left a rich legacy, with his family, charities and personal staff benefiting from his fortune worth more than $12 million.

Mr Walker, 78, died in January after a six-year battle with an aggressive melanoma. He had a state funeral.

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Ron Walker’s estate is worth more than $12 million.
Ron Walker’s estate is worth more than $12 million.

Part of the legacy passed on to his wife and children are eight licence plates — which run in consecutive numerical order — worth $2.52 million.

His car collection includes a $550,000 2015 Rolls Royce Wraith, a $115,000 2016 Porsche Cayenne GYS and a 2006 Ferrari valued at $220,000.

Mr Walker, the driving force behind the Melbourne Grand Prix and the 2006 Commonwealth Games, and one of the founders of Crown casino, made most of his wealth in property development.

His will states he had $8 million in Victorian real estate, including his sprawling Toorak mansion and a beachfront property in Sorrento — which has several clauses attached.

“It is my fervent wish the (Sorrento) property is not sold and remains available to my family for future generations,” the will states.

Ron Walker secured Melbourne’s Grand Prix
Ron Walker secured Melbourne’s Grand Prix
Ron Walker received a state funeral in January this year. Picture: David Caird
Ron Walker received a state funeral in January this year. Picture: David Caird

He also had two multi-­million-dollar properties in Noosa and Noosa Heads.

The will also reveals he was a collector of art and paintings, all of which was left to his wife, Barbara. His children will have first rights to buy the remaining artworks when she dies.

Before his death, the man known as Mr Melbourne had a long history of charity work and helping the less fortunate.

In death, he has left $200,000 to be carved up in whatever amounts to any charities his trustees choose.

A long-serving employee has been rewarded with $100,000.

Mr Walker’s Companion in the Order of Australia and Officer in the Order of Australia have been left to his children.

The former Melbourne lord mayor also allocated cash for his wife and children, grandchildren and great-grandchildren to be invested. Other sums would be put into a trust fund annually.

aleks.devic@news.com.au

@AleksDevic

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Original URL: https://www.heraldsun.com.au/news/victoria/ron-walker-left-luxury-cars-paintings-mansions-and-cash-to-family-and-even-loyal-staff/news-story/161677d5b7870ff2d384a9d8a5a9acc8