Greek Australian business figures have once again secured a strong presence in The List: Australia’s Richest 250, despite a reported $25 billion drop in total combined wealth compared to last year.
From long-established property empires to fast-growing retail and healthcare ventures, this year’s list reflects both the legacy and evolution of Greek Australian entrepreneurship across multiple sectors.
Below are the Greek Australians featured, ranked from least to most wealthy:
244. Spiros Alysandratos — $777 million
Founder of Consolidated Travel Group, Spiros Alysandratos built one of Australia’s largest private airline wholesalers after arriving from Greece in the 1950s. Starting with a small travel business in 1967, he expanded it into a dominant force in airline distribution. He has since reinvested heavily into Melbourne’s CBD commercial property market, acquiring multiple buildings and diversifying his wealth beyond travel.
230. Ilias Pavlopoulos — $819 million (combined)
Co-founder of ColCap, Ilias Pavlopoulos has helped grow the business into one of Australia’s largest non-bank lenders since its founding in 2006. The company operates several financial brands, including HomeStar Finance and Origin Mortgage Management Services, and has expanded internationally with UK digital lender Molo. Recent strategic investments, including a stake in private credit firm Revolution, have further strengthened its position.
216. Harry Stamoulis & Family — $856 million
Harry Stamoulis has continued to build on a property legacy established by his father, Spiros Stamoulis, founder of Gold Medal soft drinks. Through Stamoulis Property Group, he holds significant commercial assets in Melbourne and development projects on the Gold Coast. In 2025, he made a major acquisition on Collins Street reportedly worth close to $200 million, further consolidating his position in the premium office market.
188. Nicholas Paspaley & Family — $1.00 billion
Descendants of a Kastellorizian migrant who founded the business in 1935, the Paspaley family has transformed its pearling origins into a diversified global enterprise. While still producing Australian South Sea pearls, the group now spans luxury retail, tourism ventures, aviation and high-value real estate, including international assets such as New York’s Wall Street Hotel.
181. Con Makris — $1.03 billion
Chairman of the Makris Group, Con Makris has built a substantial property portfolio after beginning his career in Adelaide’s food retail sector. His investments now focus heavily on southeast Queensland, including the $500 million Marina Mirage redevelopment on the Gold Coast and other high-profile commercial and marina assets.
141. Theo Karedis & Family — $1.31 billion
Arriving in Australia from Kythera, Theo Karedis built his first business from a Sydney milk bar before expanding into Theo’s Liquor, later sold to Coles. Today, through Arkadia Group, he and his family oversee a national portfolio of shopping centres, homemaker precincts and luxury hotels, including landmark assets such as Sofitel Noosa and Crowne Plaza Terrigal.
128–129. Daniel and Georgia Contos — $1.42 billion (combined)
Among the newest names on the list, the founders of White Fox Boutique have built one of Australia’s most successful online fashion brands. Starting as young entrepreneurs selling items online, the couple leveraged social media to grow a global customer base. Their brand now boasts millions of followers and has funded a significant luxury property portfolio in Sydney.
111–112. Arthur and Terry Tzaneros — $1.62 billion (combined)
The Tzaneros family leads ACFS Port Logistics, Australia’s largest privately owned container logistics company. With roots in the transport industry dating back to the 1970s, the business now employs more than 1,500 people and operates across Australia and New Zealand. Recent expansions include key acquisitions in New Zealand, strengthening its regional footprint.
88. Theo Andrianakos & Family — $1.98 billion
Building on a foundation in petroleum through Milemaker Petroleum, the Andrianakos family has transitioned into major property investment. Under Theo’s leadership, the business has expanded through strategic retail acquisitions, including a significant stake in Melbourne’s Northland Shopping Centre, while maintaining long-term income streams through retained land assets.
36. Nick Politis — $4.59 billion
Nick Politis built his fortune after purchasing City Ford in 1974, transforming it into a major automotive and property empire. As a key shareholder in Eagers Automotive, he has overseen significant growth, including the company’s expansion into Canada. Beyond business, Politis remains a central figure in rugby league as chairman of the Sydney Roosters.
26. Dennis Bastas — $5.40 billion
The wealthiest Greek Australian on the list, Dennis Bastas has spent the past decade building DBG Health into a global healthcare and beauty powerhouse. The company spans pharmaceuticals and consumer brands such as MCoBeauty and Nude by Nature, with growing international distribution. A recent deal with US investment firm BDT & MSD Partners valued the business at more than $7 billion, positioning it for further global expansion.
While emerging sectors such as technology and e-commerce continue to produce new wealth, this year’s list also underscores the enduring strength of traditional industries — particularly property, logistics and retail — where Greek Australian entrepreneurs have long played a leading role.
