The businessman managed to form a multi-million dollar real estate empire by building more than 65,000 apartments since 1963.
Harry Triguboff He managed to found a real estate empire with his construction company Meriton. This company allowed him to amass a fortune of billions of dollars and positioned him as one of the wealthiest people in Australia. The 91-year-old’s wealth was only possible thanks to the capital he managed to raise by running a fleet of taxis.
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It is estimated that the Australian company built around 2,000 apartments per year since 2010. The historical figure of its career exceeds 65,000 apartments since its founding in 1963. The firm also has commercial and recreational premises and 17 hotels spread throughout the oceanic country.
How Harry Triguboff became one of Australia’s richest men
The businessman’s life began in Chinawhere his Russian Jewish parents moved to escape the anti-Semitism of their country. Peace was present for a brief time in the family, when his father started selling wool, silk and leather, but the Japanese invasion of 1937 once again brought concern to the Triguboffs. Japanese troops left foreign concessions intact and Russian residents took advantage of this to gain access to trade both inside and outside China.
The business opportunities left by the war allowed Harry Triguboff’s father to open four more stores, buy 20 apartments and a summer residence in Beidaihe. His family sought new horizons in Australia, where the current billionaire completed his studies at Scots College, Sydney, and would later move to England to graduate in textile studies at the University of Leeds.
Triguboff began his career in the fabric business in Israel and South Africa but returned to Australia in 1950.with whom he had fallen in love during his adolescence. In this country he had numerous jobs as a teacher’s assistant, real estate, dairy salesman and managing a fleet of taxis.
What prompted his arrival in the field of construction was the fact that make your own home after the fraud of the builder he hired to carry it out. Triguboff threw away the entire piece and decided to do it himself while learning in the process. Later, he bought a second piece of land in 1963 and built an 8-unit apartment with a partner. This project was a success and five years later he built another one with 18 homes, which boosted his current empire.
What is Harry Triguboff’s fortune, according to Forbes
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Gold Coast Bulletin
The magazine specialized in economics and the fortune of the richest men on earth analyzed the assets of the Australian businessman. It recovered from the abrupt drop it had had in 2020 and has not stopped growing since then. Last year it reached its highest figure in history, gathering approximately $16.7 billion.
Source: Ambito
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