Harry Triguboff Net Worth (Updated 2024)

What is Harry Triguboff’s Net Worth?

Harry Triguboff, the Australian real estate mogul and founder of Meriton Group, has an estimated net worth of $16.8 billion, making him one of the wealthiest individuals in Australia.

The primary source of Triguboff’s wealth is his real estate empire, Meriton Group. The company, which he founded in 1963, has built over 75,000 residential apartments and manages numerous properties across Australia. Meriton’s success in the property market, particularly in Sydney, Brisbane, and the Gold Coast, has been a key driver of Triguboff’s financial growth.

Despite his advanced age of 91, Triguboff remains actively involved in his business operations. In 2023, he oversaw the opening of new Meriton Suites hotels in Canberra, Melbourne, and Liverpool, representing a $400 million investment. 

Here’s the breakdown of Harry Triguboff’s net worth:

Name:

Harry Triguboff

Net Worth:

$16.8 Billion

Date of Birth:

3 March 1933

Profession:

Businessperson

If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.

Harry Triguboff Net Worth

Early Life and Education

Harry Triguboff was born on March 3, 1933, in Dalian, China, to Russian Jewish parents who had immigrated to escape antisemitism in the Russian Empire. He spent his early childhood in the Jewish community of Tianjin, where his father ran a successful trading business. The family faced challenges during World War II and the Japanese occupation, but managed to obtain landing permits for Australia in 1946.

Triguboff received his early education at Scots College in Sydney after moving to Australia in 1948. He later pursued higher education at the University of Leeds in England, where he graduated with a degree in textiles. 

Career

Triguboff’s career in real estate began in the early 1960s after he returned to Australia and became a citizen in 1961. He started with various jobs, including running a taxi fleet and owning a milk round, before venturing into property development. His first project involved building his own house in Roseville, where he learned valuable lessons about construction and project management.

In 1963, Triguboff founded Meriton Apartments Pty Ltd, which would become Australia’s largest apartment developer. Over the decades, Meriton has built more than 75,000 residential apartments and townhouses, primarily in Sydney, Brisbane, and the Gold Coast. Triguboff’s success in the property market has been a key driver of his wealth accumulation.

Politics and Lobbying

Triguboff has been an active participant in political donations and policy influence throughout his career. Since 1998, he has donated over $3 million to major political parties in Australia. Despite bans on property developer donations in some states, Triguboff has continued to make significant contributions, particularly during federal elections.

His political involvement extends beyond donations. Triguboff has been a vocal advocate for population growth in Australia, pushing for policies that would increase immigration and urban density. He has often criticized government regulations and planning restrictions that he believes hinder property development.

Triguboff’s lobbying efforts have sometimes been controversial. For instance, he has argued for prioritizing construction over sustainability concerns, suggesting that environmental considerations should come second to building more housing.

His influence and outspoken nature have made him a significant figure in Australian politics and urban development debates, often shaping discussions around housing policy and population growth.

Personal Life

Harry Triguboff, often affectionately referred to as “High-Rise Harry,” has led a life marked by both professional success and personal fulfillment. He married his wife, Rhonda, in 1961, and the couple has two daughters, Orna and Sharon. Despite his immense wealth and busy career, Triguboff has maintained a relatively private personal life, focusing on his family and close-knit circle of friends.

Triguboff’s personal interests include a passion for horse racing, and he owns several racehorses. He is also known for his love of travel, often visiting various countries to explore new cultures and business opportunities.

Honours

Harry Triguboff’s contributions to the real estate industry and the broader Australian community have been widely recognized. In 1990, he was appointed a Member of the Order of Australia (AM) for his service to building and construction.

This honor was elevated in 1999 when he was made an Officer of the Order of Australia (AO) for his distinguished service to the community through philanthropy and support for various charitable organizations.

In addition to these national honors, Triguboff has received numerous industry awards and accolades. He has been inducted into the Property Council of Australia’s Hall of Fame and has been recognized by various business and real estate organizations for his significant impact on the industry. 

Philanthropy

Harry Triguboff is not only known for his business acumen but also for his philanthropic efforts. Over the years, he has donated millions of dollars to various causes, particularly in the fields of education, health, and Jewish community services. His philanthropic philosophy is rooted in his belief in giving back to the community and supporting those in need.

One of Triguboff’s notable contributions is his support for the Jewish community in Australia and abroad. He has funded numerous educational programs, synagogues, and community centers, helping to preserve and promote Jewish culture and heritage.

In addition, Triguboff has made significant donations to medical research and hospitals, aiming to improve healthcare outcomes and support scientific advancements.

Through the Harry Triguboff Foundation, he continues to support a wide range of charitable initiatives. The foundation focuses on areas such as education, health, and social welfare, reflecting Triguboff’s commitment to making a positive impact on society. 

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