4 Greeks among the richest young entrepreneurs of Australia
The 2016 edition of the BRW Young Rich list was published, featuring the wealthiest young Australians and how they earned their fortune. Among the 100 entrepreneurs, 4 Greeks are featured.
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar top the list with a record $4.6 billion wealth, almost 10 times more than the next names on the Young Rich. The list includes international celebrities and sports stars such as Miranda Kerr, Chris Hemsworth and Sam Worthington.
There are 8 women on the list, including the debutant with Greek heritage, Kayla Itsines.
Read about the Greeks included in the list:
Georgalis is in place 17 with a fortune of $144.00m. He is one of Canberra’s most successful property developers, and lately one of the city’s most controversial. His Geocon group is changing the face of the nation’s capital by building tall apartment buildings in the inner city and districts such as Belconnen, where its 331-apartment Wayfarer is under construction. He also owns the Abode Apartment Hotels business.
2. Tim Demetriou
Tim Demetriou is in place 27 with a fortune $84.00m. Acquire Learning, co-founded by Demetriou, Sahely (pictured) and two other entrepreneurs, is undergoing a strategic change of direction after allegedly helping enrol students in courses for which they were unsuited or had little hope of graduating. The company started with placing prospective students into vocation education, but now also offers course delivery services and helps job seekers find employment. It also owns a stake in job classifieds business CareerOne and its shareholders have invested in horse racing digital media business G1X and digital sports radio network EON.
Drakopoulos enters the list for the first time and is in place 42 with a fortune of $60.00m. He was packing boxes for Nike and Fila after dropping out of a construction course when, at age 20, he decided to get back into the industry. He first took an administration job before stints at Buxton Construction and the Hickory Group. He later gained his building licence before founding property firm Drakk in 2006. The company builds small apartment projects in the $5 million to $30 million range around Melbourne and Geelong, and Drakopoulos also has an extensive commercial and residential portfolio. He also established employment website Profilr.
4. Kayla Itsines
Kayla Itsines and her fiance have built a fitness empire. It is her debut in the BRW list and is in place 51 with a fortune of $46.00m. Itsines and Pearce are qualified personal trainers who first worked together at Pearce’s Fresh Fitness Solutions in 2011. In 2014 the couple founded The Bikini Body Training Company, using Instagram to promote the business. Social media has driven growth and Itsines has become a global sensation, named in Time’s The 30 Most Influential People on the Internet. Their company derives revenue from the Bikini Body Guide pdf download that sells for $69.97 and the Sweat with Kayla app that costs $US55.42. It has been downloaded more than 1 million times by Android users alone