Aussie John's wealth down $150m

By Larry Schlesinger | 28 May 2009

Aussie founder John Symond has seen his personal fortune dwindle by $151m in the space of a year, according to the BRW 200 Rich List.

The influential list said Symond was currently worth $303m compared to $454m a year ago.

The decline in his fortune will surprise many in the industry coming in a year in which he sold a third of Aussie to the CBA for a price tag rumoured to be over $100m.

Then again, according to BRW, he has spent around $50m on his Point Piper mansion and also snapped up Wizard from under the nose of the NAB in December.

Wizard founder Mark Bouris was one notable departure for this year's rich list.
 

 

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