South Australia is home to some of the country’s most affluent families, many of whom have made their mark through generations of wealth, property investments, and successful family businesses. These families have shaped Adelaide’s landscape, from its leafy suburbs to its iconic street signs, and are renowned for their luxury lifestyles.
Among the most prominent is the Angelopoulos family, who run the Duke Group of Companies. Founded in the 1970s by Chris Angelopoulos, the family has built a substantial property portfolio, including commercial spaces on King William Road, Unley Road, and Rundle Mall.
Another key player is the Polites family. Known for the signature blue-and-white signs throughout Adelaide’s CBD, Constantine George Polites rose from humble beginnings in Port Pirie. After a series of ventures, including real estate, Polites’ legacy lives on in the family’s expansive property holdings, following his death in 2001.
Fitness mogul Kayla Itsines, co-owner of the Sweat fitness app, has also joined the ranks of South Australia’s wealthiest. As of June 2023, Itsines’ net worth is reported at $165 million. Her rise to fame began in 2009 when she started posting client transformations on Instagram, leading to the global success of Sweat, which she co-founded with ex-partner Tobi Pearce.
These families, along with others, embody the old-money elite of Adelaide, contributing to the city’s status as a hub for property moguls and successful entrepreneurs.
Source: The Advertiser.
