The CRW Rich List continues to grow, and we’re delighted with the quality of the information coming in from the Crikey Army. Today we add yet another five individuals or families to the Crikey Revised Wealth list who didn’t make it on to the BRW Rich List (Not).
Neville Crichton: Owns 100% of an empire that turns over more than $1 billion a year. Has made a motza through his company Ateco Automotive, which imports Citroen, Alfa Romeo and Kia, although the Koreans are taking the lucrative franchise back in house from next March after Ateco got the brand into the top ten. Ateco this month signed the rights to import Ferrari and Maseratis, relieving the Sutton family of that gig. Also owns a number of hotels in Queensland and various other properties in Queensland and NSW. Crichton has recently finished building his new Wynulla Road waterfront next door to John Symonds’ monstrosity in Point Piper. His 1990 Sydney Hobart winner Alfa Romeo is currently in Europe with a ‘for sale’ tag on it because a new 98-footer is nearly complete.
Denis O’Neil: With roots back to Hymix concrete, this Sydney fortune has continued to grow. Denis O’Neil has a vast property portfolio including a Cairns hotel, numerous Sydney apartments in his completed developments, including Observatory Tower, The Rex in Kings Cross and Sydney Park. Has recently purchased the Point Piper and Rose Bay Marina. When you consider that the $300 million sale of Hymix to Pioneer was widely reported in 1999, his exclusion from BRW is quite extraordinary. (What have they got against concrete fortunes – the Barro family and their $700 million fortune have also been excluded?).
Carla Zampatti: The fashion guru and SBS chair lives in a $15-20 million Darling Point mansion and owns a string of residential properties in Sydney. Her Sydney CBD retail properties would be worth about $30 million, including one on George Street opposite the Strand Arcade. She also owns property in New York which, although apparently run down, is a strategic piece that will pay handsomely when she divests. Then you have the firmly entrenched retail distribution through DJs and her own chain of stores. Our snout estimates she has no debt and $10 million of spare cash in managed funds.
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Dr Joseph Ross: A major provider of joint-venture funds for the Gold Coast property industry, this Sydney-based investor owned 50% of the Chevron Renaissance building in Surfers Paradise, which we understand was sold for $60m-plus last year. Owns 8.9 million shares in CVC Ltd (which had the other 50% of the Renaissance – and they booked a $10m profit on their share of the sale). Also uses a company called LJK Nominees to hold shares, and has been or is a top 20 shareholder in Computershare, Commander Communications, Prime Infastructure, Macquarie Leisure, Gazal and Powerlan. Through LJK Nominees he was one of the Babcock & Brown “foundation” shareholders, with some 2.8 million shares now worth $30 million.
George Fernandes: Worth about $250 million thanks to a large portfolio of industrial land in Sydney’s western suburbs and a very expensive house overlooking the naval dockyards around Potts Point.
CRIKEY: If you’re the in-house accountant for a low-profile multi-millionaire, blow their cover with a tell-all email to [email protected], as we are really making a big social contribution to Australia by building up the alternative Rich List.