‘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.

Share:

KEEP UP TO DATE WITH TGH

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

Latest News

Three Greek Australians included among NT News Woman of the Year 2026 finalists

Forty standout women from across the Northern Territory have been named finalists in the 2026 NT News Woman of the Year awards.

Alexis Theodorou says social media ban for under-16s has failed to make an impact

Four months after its implementation, frustration is growing among parents who say the measure has yet to deliver meaningful results.

Intralot secures new 15-year licence for Victoria gaming machine monitoring system

Intralot subsidiary Intralot Gaming Services (IGS) has secured a new 15-year licence to operate Victoria’s electronic gaming machine.

Greece tightens unemployment rules with new benefit system reform

Unemployed individuals in Greece risk losing their benefits if they reject three consecutive job offers that match their qualifications.

Marble statue of Athena discovered in ancient city of Laodicea in Turkey

A marble statue of Athena has been uncovered during excavations in the ancient city of Laodicea on the Lycus near Denizli.

You May Also Like

Greece’s PM reveals key developments aiming to enhance lives of Greeks abroad

Prime Minister Kyriakos Mitsotakis highlighted a series of ground breaking initiatives to improve the daily lives of Greeks abroad.

New reconciliation resources translated into ten key languages spoken in Australian homes

Reconciliation Australia will produce the posters, flyers and explanatory materials promoting National Reconciliation Week 2023 in Greek.

Costas Giannakodimos gives lecture in Sydney on media portrayals of the Greek Revolution

Consulate General of Greece in Sydney and Ahepa NSW Inc hold event about the Press in Greek revolution