At least eleven Australians of Greek heritage have been named on this year’s Australian Financial Review Rich List, continuing a strong tradition of Hellenic success in sectors ranging from pharmaceuticals and logistics to property and retail.
Here are the Greek Australians featured on the 2025 list:
53. Dennis Bastas, $2.93 billion
Topping the Greek Australian contingent is pharmaceutical magnate Dennis Bastas. In February 2025, he acquired the remaining 50% of MCoBeauty in a deal valuing the beauty brand at nearly $1 billion. Born to Greek immigrant parents who arrived in Melbourne in the 1960s, Bastas began his career in logistics at Coles Myer before founding Genepharm Australasia in the early 2000s. That business was eventually sold to Watson for $375 million in 2012. Today, he controls 90% of DBG Health, which is forecast to generate $2 billion in revenue this year.
64. Nick Politis, $2.58 billion
Automotive titan and Sydney Roosters chairman Nick Politis maintains his strong position on the list. Politis’ holdings in Eagers Automotive are worth more than $1 billion, boosted by a recent surge in share prices. His latest acquisition includes two Melbourne Porsche dealerships purchased in 2024 for nearly $50 million.
75. Theo Andrianakos & family, $2.19 billion
The Andrianakos family, behind Milemaker Petroleum, has rapidly expanded into commercial property. In February 2025, they acquired a $385 million half-stake in Melbourne’s Northland shopping centre. This follows a string of deals with Vicinity Centres, including a $170 million stake in an Adelaide mall last year.
97. Terry & Arthur Tzaneros, $1.73 billion
Founders of ACFS Port Logistics, Terry and his son Arthur have cemented their place as leaders in Australia’s logistics industry. ACFS recorded $431.4 million in revenue in 2022, with freight forwarding arm AGS World Transport also booming. Arthur made headlines this year after selling his Vaucluse mansion for $45 million.
116. Nicholas Paspaley & family, $1.52 billion
With roots in Greece dating back to 1919, the Paspaley family’s wealth now spans real estate, aviation, pearl farming and hospitality. The family owns the prestigious Wall Street Hotel in New York and continues to invest across various sectors globally.
138. Theo Karedis, $1.21 billion
Kytherian-born Theo Karedis made his fortune selling Theo’s Liquor to Coles for over $175 million in 2002. He and son Greg now manage Arkadia Group, which owns 11 shopping centres around Australia.
141. Harry Stamoulis & family, $1.18 billion
Heirs to the Gold Medal soft drink fortune, the Stamoulis family have pivoted to property through the Stamoulis Property Group. Their holdings include Melbourne’s One Collins Street complex. The family home in Toorak is estimated to be worth over $100 million.
146. Spiros Alysandratos, $1.13 billion
Founder of Consolidated Travel, Alysandratos is a major player in the airline ticketing industry. He also holds a near-15% stake in Helloworld Travel and maintains significant property investments in Victoria.
163. Con Makris & family, $987 million
Adelaide-based Makris made his fortune through commercial property and retail. His $500 million Marina Mirage resort development on the Gold Coast is being led by son Jason and aims to become a major tourism hub.
173. Ilias Pavlopoulos & Andrew Chepul, $883 million
Co-founders of non-bank lender ColCap, Pavlopoulos and Chepul have built a mortgage lending giant, with a $16.7 billion loan book and $62.2 million in profit in 2024. Their brands include Origin and Homestar Finance.
188. Kerry Harmanis, $794 million
Known as Western Australia’s “nickel king,” Harmanis gained national attention in 2007 after selling Jubilee Mines for $3.1 billion. His wealth remains diversified across property, mining shares, and other investments.
Source: Australian Financial Review
