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.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
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.”
