Published On: Tue, Jan 27th, 2015

Harry Triguboff Looking to Sell Real Estate Empire for $12 Billion

Harry Triguboff

Harry Triguboff, Australia’s sixth wealthiest man, has set the value of his Meriton residential apartment business at as much as $12 billion. Triguboff talked about his plans with the Australian Business Review.

“If I sell Meriton, I could get $12 billion to $15 billion easy. If I sold Meriton — and I am only 81, thank God — I would like to get involved in water, ” he said.

But the Australian cited an external valuation by Grant Samuel claimed Meriton was worth up to $10bn if recurring income was taken into account.

He currently has a $1 billion AU ($800 million) project underway in Eastern Australia and intends to build 3, 000 new apartments there this year.

Mr. Triguboff also said that he does not work well with others and needs to be in complete control. This is why he does not like the idea of serving on a board. As he told the paper, “I am a dictator, I am not a board member. I can’t go on a board. I am happy to ­advise, on the other hand.”

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