⬅ # 112 Ravi Jaipuria|# 114 James Dyson

# 113 Harry Triguboff 

$16.7B

Real Time Net Worth
as of 6/11/2024
$503 (0.00%)

# 113 Harry Triguboff 

$16.7B

Real Time Net Worth
as of 6/11/2024
$503 (0.00%)
OccupationFounder, Meriton Group
Source of WealthReal Estate
Age91
ResidenceSydney, Australia
Marital StatusMarried
Children2
EducationBS, University of Leeds
Age-Adjusted Net Worth$2.05B
Harry Triguboff
Harry Triguboff
Australia
Net worth: $16.7B

Self-Made Score 

Wealth History

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Biography

Overview

Harry Oskar Triguboff AO was born on March 3, 1933, in Dalian, China, to Russian Jewish parents, Moshe and Frida.
During his childhood in Tianjin, Triguboff's family faced challenges during the Second Sino-Japanese War, with his father being accused of collaboration with the Japanese.
In 1946, Triguboff and his family obtained landing permits for Australia, where he was educated at the Scots College, Sydney.
He became an Australian citizen in 1961 after returning to Australia in 1950.
Triguboff graduated with a degree in textiles from the University of Leeds in England.
His early career involved various jobs, including running a taxi fleet, owning a milk round, and trying his hand at real estate.
Triguboff faced initial challenges in real estate but learned from mistakes, completing his first development in 1963 in Tempe.
As of 2023, he is married to his second wife, Rhonda, and has two daughters from his first marriage, Orna and Sharon.
Triguboff is Jewish and resides in Sydney, where he owns a collection of cars.

Business Career

In 1963, Triguboff founded Meriton Apartments Pty Ltd, with a focus on residential townhouses and apartments.
Meriton has become Australia's largest residential property developer, having built over 55,000 units since its inception.
Triguboff is nicknamed 'High Rise Harry' for his pioneering vision in promoting apartment living in Australia.
He played a pivotal role in developing higher-density living options in Sydney, challenging the dominance of single-family homes.
Meriton expanded its presence to southeast Queensland, with a strong focus on the Gold Coast, Brisbane, and Sydney's central business district.
In 2004, Meriton completed the construction of World Tower, Sydney's tallest residential apartment building.
As of 2023, Meriton's business value is estimated at $7.2 billion, including the opening of new hotels and ongoing residential developments.
Triguboff has been a significant sponsor of the Wests Tigers since 1998.

Recent Developments

In September 2023, Triguboff opened a new Meriton hotel, bringing the business's estimated value to $7.2 billion, making it the largest Australian-owned hotel company.
In June 2023, Meriton, under Triguboff, renewed plans to build up to 1,600 homes in Little Bay near Sydney.
In September 2023, at age 90, Triguboff oversaw new hotels opening in Canberra, Melbourne, and Liverpool, expanding Meriton Suites to 6204 apartment suites and 23 properties.
A new three-tower apartment complex was approved for Surfers Paradise in October 2023.

Political Involvement

Harry Triguboff is known for his political donations and efforts to influence policy changes, particularly in the housing sector.
In August 2010, he proposed that the federal government should insist on Reserve Bank interest rates being dropped to improve housing affordability.

How long would it take you to become as rich as Harry Triguboff?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Harry Triguboff's net worth of $16.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 43.45% compared to 12.43% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Harry Triguboff is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Harry Triguboff, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey