The Australian has released its annual Rich List for 2025, highlighting the 250 wealthiest individuals in the country.
Among them, at least 13 Australians of Greek heritage have made notable appearances, reflecting their significant contributions across various industries.
55. Dennis Bastas, $3.00bn
Dennis Bastas is considering selling a small stake in his DGB Health group, which reported $1.4 billion in revenue and $313 million in EBITDA last year. Over the past decade, he has built DGB into a major healthcare conglomerate through mergers and acquisitions, including a $1 billion deal in 2023 merging Arrotex with Juno Pharmaceuticals. The group includes Arrotex, wellness and beauty brands like MCo Beauty and Nude by Nature, health services arm Axe, and a pharmacy support business. Bastas also founded and chairs genomic company myDNA.
66. Nick Politis, $2.50bn
In 2026, Nick Politis is expected to mark 50 years with the Sydney Roosters NRL club, having first sponsored the then-Eastern Suburbs team in 1976 and serving as chairman since 1993. His wealth was built on City Ford, the dealership he purchased in 1974, which funded that initial sponsorship and became the cornerstone of his car dealership empire. The son of Greek migrants, Politis is now the major shareholder in ASX-listed Eagers Automotive and oversees a substantial privately-held automotive and property business.
88. Nick Andrianakos & Family, $1.85bn
Nick Andrianakos, who built his fortune in petrol before moving into property, died in March in Argos, Greece, reportedly from a heart attack. His family, now led by son Theo, recently bought half of Melbourne’s Northland Shopping Centre for $385 million and continues to expand a property portfolio across major Australian cities. Andrianakos had been spending more time in Greece, where he was developing a hotel.
107 and 108. Arthur and Terry Tzaneros, $1.62bn
Father and son duo Arthur and Terry Tzaneros run ACFS Port Logistics, Australia’s largest privately owned container logistics company, which marks its 20th anniversary this year and employs over 1,500 staff across Australia and New Zealand. The family also fully owns freight forwarding firm AGS World Transport, having taken complete control in 2016.
127. Nicholas Paspaley & Family, $1.32bn
The Paspaley family, led by Nick Paspaley, oversees a wide-ranging business empire that extends well beyond its famous pearling operations. Originally founded in 1935 by Nicholas Paspalis, a migrant from Kastellorizo, the company remains a leader in luxury pearls and high-end retail. Over the years, the family has expanded into various sectors, including farming, aviation, ship repair, and pearl meat production. Their property portfolio includes assets in Sydney and Darwin, as well as the prestigious Wall Street Hotel in New York, along with two vineyards in NSW, making Paspaley Group one of Australia’s most diverse family enterprises.
133. Theo Karedis & Family, $1.28bn
Seventy years after emigrating from Kythera, Theo Karedis has built a lasting business legacy in Australia. Starting with a milk bar in Neutral Bay, he later founded Theo’s, a major liquor retail chain that became the country’s fourth-largest before being sold to Coles for around $200 million in 2002. Today, Karedis and his son Greg oversee Arkadia Group, a family-owned property business with a portfolio of 11 shopping centres, retail homemaker centres, and hotels—some acquired in partnership with the Laundy family.
206. Harry Stamoulis & Family, $797m
Harry Stamoulis, son of the late Spiros Stamoulis, continues his family’s legacy in property investment following the sale of their Gold Medal soft drinks business to Cadbury-Schweppes in 2004. Well known for his $70 million mansion in Toorak, Stamoulis has expanded his real estate ventures, with strong sales at his Gold Coast luxury apartment project, ARI, including a $12.7 million off-the-plan purchase by an international buyer last year.
213. Spiros Alysandratos, $776m
Spiros Alysandratos is the founder of Consolidated Travel, one of Australia’s most successful yet low-profile travel businesses, established in 1967. The company is the nation’s largest private airline wholesaler, providing ticketing services to over 250 airlines globally, as well as support for travel agencies. Alysandratos also holds a number of commercial property assets in Melbourne’s CBD.
224. Ilias Pavlopoulos, $754m
Non-bank lender ColCap, founded in 2006 by brothers-in-law Simon Chepul and Ilias Pavlopoulos, now manages a loan book exceeding $15 billion. In 2024, the company took full ownership of UK-based digital lender Molo, having initially acquired an 80% stake the previous year. ColCap operates several brands, including Granite Home Loans, Origin Mortgage Management Services, and Homestar Finance, establishing itself as a major player in the lending space both in Australia and abroad.
229. Con Makris & Family, $739m
The Makris family’s wealth is built on a substantial portfolio of commercial properties and land across South Australia and Queensland. Con Makris began his business journey with a barbecue chicken shop after migrating to Adelaide from Greece at age 16. Today, the Makris Group owns Endeavour Hills Shopping Centre in Melbourne and remains focused on a $500 million redevelopment of the Marina Mirage resort on the Gold Coast, expected to open in 2027. Makris also retains significant property holdings in Adelaide.
232. Kerry Harmanis, $712m
After a short career in law, Kerry Harmanis founded Jubilee Mines in 1987, building it into a major nickel business. He famously sold the company in 2007 for $3.1 billion—just before nickel prices plummeted by 90 per cent—crediting the timing of the deal to a moment of clarity during meditation. Harmanis continues to be active in the mining sector, serving as chair of Talisman Mining, and has since launched Mindful Meditation Australia, an initiative providing mindfulness and meditation education to schools and young people.
244. Andreas Andrianopoulos, $663m
Andreas Andrianopoulos, the oldest newcomer on the Richest 250 list, owns one of Australia’s largest and most discreet petrol station networks. His company, AA Holdings, recorded $864 million in revenue and a $47 million net profit last year. Andrianopoulos began his journey in 1970 with a single BP-branded service station and now, together with his four sons, operates over 55 sites. A prominent philanthropist within the Greek community, he was awarded the Order of the Christ-Loving Medal last year—the highest honour from the Greek Orthodox Archdiocese of Australia.
