The 2024 Young Rich List by the Australian Financial Review has been published and at least seven Australians of Greek heritage have been listed. They are:
29. Georgia Contos & Daniel Contos, $200 million
The couple behind the White Fox Boutique online retailer started the business in 2013 and have built the brand’s following to more than 2.5 million people on Instagram. While the label is known for its short skirts, cropped tops and branded loungewear, the fashion entrepreneurs have built up a name for themselves in Sydney’s prestige property market. The pair now own four mansions in Sydney’s Vaucluse, buying two more properties in 2023. The four total more than $120 million in value, suggesting their net worth is higher than previously estimated.
34. Kayla Itsines, $171 million
Itsines is the co-founder of fitness app Sweat, which she bought back from US exercise equipment giant iFIT in November 2023. Her former fiance and co-founder Tobi Pearce is now a passive investor. The pair originally sold the company in 2021 in a deal worth $400m once all post-sale instalments had been paid, but bought it back for what’s understood to have been a fraction of this price. Just how much they actually received in cash is also up in the air, with documents from an aborted listing for iFIT suggesting $US150m was to be composed of stock, three-year performance bonuses and royalties on the sale of exercise equipment. Both co-founders have also built up considerable wealth in property.
69. Argylica Conditsis & William Conditsis, $70 million
After a long shift waiting tables at Pizza Hut, most 17-year-olds would just want to chill. Not Argylica Conditsis from Baulkham Hills, who used her meagre earnings to “bedazzle” heels with diamantes and rhinestones, then flip them online. That side hustle turned into Babyboo, which now employs over 45 people at its Sydney headquarters – including Argylica’s brother William, who quit an innovation degree to join early. It has nearly 3 million Instagram followers and makes more than half its revenue from the US. The company is entirely bootstrapped and the siblings have previously had it independently valued.
81. Aaron Pasias, $56 million
Pasias is a co-founder of PlaySide Studios, an ASX-listed game developer whose shares were, as at mid-September, up 16 per cent in the previous 12 months. PlaySide develops games for phones, computers and virtual reality headsets, using both its intellectual property and that of major studios such as Disney, Pixar, Warner Bros. and Nickelodeon. Pasias is a long-time friend of Gerry Sakkas (No.82), whose 2012 redundancy cheque from EA Games sparked PlaySide’s creation. Pasias was already an established property developer when Sakkas tapped him for additional cash. They both own about 80 million PlaySide shares.
82. Gerry Sakkas, $56 million
PlaySide Studios has seen its shares rally this year thanks to record revenue of $65m and net profit of $11.3m. The Melbourne-based gaming studio, the only one listed on the ASX, inked a deal with Warner Bros. to develop two titles based on the Game of Thrones franchise. Its upcoming game MOUSE is already one of the most wish-listed on gaming marketplace Steam, while PlaySide continues to develop games based on its Dumb Ways To Die franchise. Previously a developer for EA Games, Sakkas took the $15,000 redundancy cheque he received from the American giant in 2012 to start a competitor.
