At 82, Harry Triguboff finally has a possible family successor for his $15 billion (he says) apartment development business, Meriton — his grandson Daniel Hendler.
By the way, if he’s right, and Meriton really is worth $15bn, then Triguboff is Australia’s richest person, just pipping iron ore magnate Gina Rinehart ($14bn). That’s an exact microcosm for what’s happened to Australia: the apartment construction boom has taken over from the mining boom as the key driver of the Australian economy.
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The fact that the Triguboff succession has skipped a generation has meant that unlike most family business founders, Harry hasn’t been forced out of business and into retirement by his children, which is fine by him.
Read the full story at THE AUSTRALIAN, by Alan Kohler
Harry Triguboff
