Greek Australians Shine in Annual Wealth Rankings

Nick Politis

The latest edition of Australia's Rich List highlights the success of several Greek Australian families that have made significant contributions to various industries.

A Strong Showing: This year, at least 12 Greek Australians find themselves amongst the nation's 250 wealthiest individuals. This demonstrates the impactful role this community plays in the Australian economy.

Captains of Industry:

  • Automotive Leader: Nick Politis, chairman of the Sydney Roosters, stands out for building Australia's largest vehicle retail empire through WFM Motors and Eagers Automotive. He is number 60 on the list and has a net worth of $2.42 billion.
  • Healthcare Hero: Dennis Bastas, son of Greek immigrants, is the head of DBG Health, Australia's largest generic drug maker. He is ranked number 88 and has a net worth of $1.63 billion.
  • Logistics Powerhouse: The Tzaneros family, through ACFS Port Logistics, owns Australia's largest private container logistics company. They are 90 and 91, with a combined net worth of $1.60 billion.
  • Fueling Growth: The Andrianakos family, initially successful in the fuel industry with Milemaker Petroleum, has diversified into substantial real estate holdings. They are listed at number 99 with a combined net worth of $1.51 billion.
  • Retail and Property Tycoon: Theo Karedis, known for Theo's Liquor chain, has also built a strong presence in property development with Arkadia Property Group. He finds himself at number 130 with a net worth of $1.18 billion.
  • Pearls and Beyond: The Paspaley family, synonymous with Australia's pearl industry, boasts a diversified business portfolio encompassing aviation, retail, and property. Nicholas Paspaley & Family occupy position 133 with a net worth of $1.15 billion.

Travel Trendsetter: Spiros Alysandratos's Consolidated Travel has become a major force in the travel industry, facilitating ticketing for airlines worldwide. He sits at number 172 with a net worth of $854 million.

Real Estate Visionaries: Con Makris, focusing on the Gold Coast, and the Stamoulis family, leveraging profits from the Gold Medal drinks business, are both shaping Australia's property landscape. Makris Group appears at number 177 with a net worth of $815 million, while Harry Stamoulis & Family are listed at number 186 with a net worth of $785 million.

Mining Marvel: Kerry Harmanis's success story includes selling Jubilee Mines and ongoing investments in the mining sector. He is positioned at number 220 with a net worth of $677 million.

Financial Powerhouse: Ilias Pavlopoulos, co-founder of ColCap, a prominent non-bank lender, demonstrates the community's influence in the financial sphere. He, along with Andrew Chepul, holds a combined net worth of $621 million and occupies the 233rd spot.

/Greek Australian Anastasis Liveris appointed as Federal Judge

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