‘I was lucky’: How Nick Andrianakos went from petrol-pumping to Australian billionaire

·

Melbourne entrepreneur, Nick Andrianakos, has opened up recently to The Australian Financial Review about his life story and how patience, a passion for property and a lot of petrol-pumping led to him being named on Australia’s Rich List.

In the interview, Andrianakos describes how he was born in 1943 on a farm in the Greek village of Pikerni, about 160 kilometres west of Athens. He left school in the third grade to help his family and later completed two years of army service.

After returning home from his service, he decided he needed to leave and make a new life in Australia.

READ MORE: Nick Andrianakos invests over $135 million for half stake in Adelaide shopping mall.

“When I left my parents were crying, but there was no other option,” Andrianakos tells the newspaper.

Nick Andrianakos is also a property investor.

Migrating to Australia on the Patris, Andrianakos arrived at Port Melbourne in January 23, 1967. The rest, as they say, was history.

The billionaire met and married, Anthoula, and she raised their four children as Andrianakos worked stints at leather and steel factories. Later, he bought his first service station (and the land beneath it) in Coburg in 1976.

READ MORE: Petrol king Nick Andrianakos takes over Adelaide tower in $175 million deal.

“I was doing everything – checking tyres, fighting with the suppliers. It was 16-hour days to support my family and get ahead,” Andrianakos said.

Finally, in 1981, he secured two more BP sites in Footscray and Coburg. In 2017, he sold what was by then 54 service stations under his Milemaker Petroleum chain to their fuel supplier, Caltex, for $95 million.

Andrianakos sold his petrol stations to Caltex.

Since then, Andrianakos has also bought office towers in Adelaide and Brisbane.

READ MORE: 11 Australians of Greek heritage named on the prestigious ‘Richest 250’ list.

Andrianakos said he “was lucky” with these sales but it’s clear his success isn’t simply tied to luck. Rather, its his hard work ethic and strong morals which have made him the man he is today.

“I built Milemaker on my word and I respect people who keep theirs,” he concluded. “Tell me a lie, I can’t accept it. Tell me the truth, I give you my heart.”

Source: The Australian Financial Review.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Modest turnout as Melbourne Greeks honour anniversary of the Athens Polytechnic Uprising 

Schools across Greece commemorated the 51st anniversary of the Polytechnic Uprising with fervour as they learned.

Greek youth and community leaders in Sydney reflect on the Athens Polytechnic Uprising

The Greek Orthodox Community of New South Wales held a solemn event to commemorate the 51st anniversary of the Athens Polytechnic Uprising.

Mytilenian Brotherhood of Sydney celebrates the anniversary of Lesvos’ liberation with pride 

The Mytilenian Brotherhood of Sydney & NSW hosted a lively and heartfelt celebration for the 112th anniversary of the liberation of Lesvos.

Sydney university students gather to commemorate the Athens Polytechnic Uprising

The Combined Universities Greek Association (CUGA) commemorated the 51st anniversary of Athens Polytechnic Uprising at University of Sydney.

HACCI unveil 2024 Excellence Award Winners amid glamour and celebration

Plaza Ballroom’s chandeliers lit up not just the room, but the spirits of everyone attending the 38th annual HACCI Excellence Awards. 

You May Also Like

BREAKING: Greek Orthodox Archdiocese suspends service across churches in Victoria

The Greek Orthodox Archdiocese of Australia today announced that all Greek Orthodox churches in Victoria will be closed to the faithful from today, July 8.

SA Police believe Bill Frangos was murdered before his home was set ablaze

South Australian police believe a man found dead in a house fire in Adelaide, was murdered, and the blaze was set to destroy evidence.

When ‘Kalamatiano’ becomes a video game: How this teacher motivates students to learn Greek

Adelaide's Prospect Primary School teacher, Simone Karanicolas explains how gamifying encourages her students to learn the Greek language.