Ever wondered about Harry Triguboff net worth? As one of Australia’s leading property developers, Triguboff’s financial achievements are remarkable. Dive into our detailed analysis to understand the extent of his wealth and how he amassed it.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Harry Oskar Triguboff |
| Popular Name | High-Rise Harry |
| Gender | Male |
| Birth Date | March 3, 1933 |
| Age | 91 |
| Parents | Moshe Triguboff, Freda Triguboff |
| Siblings | 1 brother |
| Birthplace | Dalian, Liaoning, Republic of China |
| Nationality | Australian |
| Ethnicity | Russian-Jewish |
| Education | University of Leeds, The Scots College |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Rhonda Triguboff (m. 1980) |
| Children | Orna and Sharon |
| Dating | N/A |
| Net Worth | estimated $16.5 billion |
| Source of Wealth | Real Estate Development |
| Height | N/A |
What is the Net Worth Of Harry Triguboff in 2024?
As of June 23, 2024, Harry Triguboff boasts an estimated net worth of $16.5 billion, placing him among the wealthiest property industry tycoons. Compared to other financial giants, Triguboff’s fortune is notable but falls behind tech moguls like Bill Gates, who holds an estimated $131.0 billion, and Steve Ballmer estimates $126.2 billion.
However, he significantly outpaces fellow Australian, Anthony Pratt, who has an estimated net worth of $10.3 billion. This comparison highlights Triguboff’s substantial impact and success in the real estate sector.
Harry Triguboff Finance Overview
The Foundations of His Wealth
Harry Triguboff was born on March 3, 1933, in Dalian, China, to Russian-Jewish parents. His family moved to Australia when he was a teenager, where he attended Scots College in Sydney and later the University of Leeds in England, earning a degree in textiles.
Despite this educational background, Triguboff found early career success through various odd jobs, including taxi driving and owning a milk round in Chatswood.
Meriton’s Key Developments and Projects
In 1963, Triguboff ventured into real estate with the construction of an eight-unit block in Tempe, Sydney. This marked the beginning of Meriton, officially registered in 1968 after the development of 18 more units on Meriton Street.
Since then, Meriton has grown into Australia’s largest residential developer, having constructed over 78,000 apartments. Notable projects include the World Tower, Sydney’s tallest residential building, which significantly elevated Meriton’s profile in the industry.
Contributions to High-Density Living in Australia
Triguboff was a visionary in promoting high-density living at a time when Australians predominantly preferred single-family homes.
His foresight in seeing the potential of apartment living transformed Sydney’s urban landscape, encouraging a shift towards more efficient and sustainable housing solutions. This approach not only addressed the growing housing demand but also contributed to the modernization and economic growth of Australia’s largest city.
Financial Success and Revenue Streams
Meriton’s financial success can be attributed to its diverse revenue streams, including the leasing of residential and commercial properties, capital appreciation, and long-term investments.
Triguboff’s strategy of retaining ownership of many properties for leasing has provided a steady income stream. This approach, combined with Meriton’s consistent development activities, has solidified Triguboff’s status as a real estate magnate.
Recognition and Awards in Real Estate
Harry Triguboff has been widely recognized for his contributions to the real estate industry. He was the first person to receive Australia’s Property Person of the Year award twice, in 2003 and 2009. His achievements have not only earned him a place among the most influential figures in real estate but have also set a benchmark for excellence in the industry.
Influence on the Australian Economy
Triguboff’s impact on the Australian economy extends beyond real estate. His developments have significantly contributed to housing affordability and availability, especially in high-demand areas like Sydney and the Gold Coast.
Furthermore, Meriton’s projects have created numerous jobs, boosting the local economy. Triguboff’s active participation in political lobbying has also influenced housing policies, advocating for measures that promote economic growth and urban development.
Personal Life and Philanthropy
Harry Triguboff’s personal life is marked by his strong Jewish heritage and commitment to his family. He has two daughters, Orna and Sharon, from his first marriage, and is currently married to Rhonda Triguboff.
Beyond his business endeavors, Triguboff is known for his philanthropy. Through the Harry Triguboff Foundation, he has supported various causes, including education and community projects, reflecting his dedication to giving back to society.
Future Prospects and Legacy
At 91, Triguboff continues to oversee Meriton’s operations, ensuring the company’s sustained growth and innovation. Future projects include expanding Meriton’s presence in key markets like Canberra and Melbourne, as well as ongoing developments in Sydney and Brisbane.
Triguboff’s vision for high-density living and his relentless pursuit of excellence will leave a lasting legacy in the Australian real estate market.
FAQs about Harry Triguboff
Who is Harry Triguboff?
He is an Australian property developer and billionaire, known as the founder and managing director of Meriton, a major residential property developer.
Where was he born?
He was born in Dalian, China, in 1933 to Russian-Jewish parents.
When did he migrate to Australia?
Harry Triguboff moved to Australia in 1948.
What education did he receive?
He studied at the Scots College in Sydney and later graduated with a degree in textiles from Leeds University in England.
How did he start his career?
Triguboff initially worked in textiles and as a taxi driver before venturing into property development.
How successful is Meriton?
Meriton has become Australia’s largest apartment developer, constructing over 75,000 apartments.
What are his major contributions to real estate?
He revolutionized the high-rise apartment market in Australia, significantly influencing urban development in cities like Sydney and Brisbane.
What awards has he received?
He has been honored with numerous awards, including being appointed an Officer of the Order of Australia (AO) in 1990.
What are his philanthropic activities?
He has made significant donations to education and medical research, particularly through the Triguboff Foundation.
Conclusion
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