Two Greeks among the richest of Australia
BRW published the list of the richest young people under 40 in Australia. The list includes 100 millionaires with fortunes of over $ 19 million. The richest exceed $ 2 billion in assets. Also in the list two Greeks entrepreneurs are included.
In number 10 and 11 of the list we find the Greek George Nakas, with his partner Gavin Fernandez. Their assets are 188 million dolars. They owned an energy venture, LEDified Lighting Corp, which they sold to its management last year. That deal allowed the pair to focus on their automotive businesses. They sell luxury and classic sports cars to the wholesale and retail markets through their James Lane Motors, Dutton Wholesale and sellyourcarfast.com.au brands.
Nick Georgalis is in 77th place with 27 millions. He is a beneficiary of Canberra’s apartments boom of the past decade. He is the founder and sole shareholder of Geocon, a property development and construction company that also operates Abode Hotels. With a builder and carpenter father, Georgalis gained a diploma in construction management and worked for building firms, including Lend Lease, before founding Geocon in 2007. It has worked on townhouse developments but plans to build Canberra’s tallest residential building, the Wayfarer Apartments, in Belconnen. The building will contain a fourth Abode hotel; the other three are also in Canberra.