Estimated minimum net worth: $40 million. In 1987 the trainer Bart Cummings bought a Baramul yearling, Fortunio, for the Australian record price of $1.1 million. His stud, Baramul, produces some of the finest bloodstock in Australia. He is an enthusiastic horse breeder and race-goer, and is an Australian Jockey Club trustee. He is also chairman of Ampol, Ampol Exploration and Oil Search. Antico stood down as managing director of Pioneer International in April 1988. In 1954 the company took over Pioneer Ready Mixed Concrete and by 1962 it was expanding overseas. In 1949 he and Ken Conley started A & C Concrete Services. After leaving school he worked as an office boy and studied accountancy at night. He was a gifted student and a few years later won a high school scholarship. Born in the northern Italian town of Piovene, Antico arrived in Australia when he was seven and learnt to speak English soon afterwards. Sir Tristan Venus Antico is the chairman of Pioneer International, the company he started 42 years ago. Resources (mining, quarrying, building materials). Estimated minimum net worth: $90 million. He has sold a half interest in Tipperary to Indonesian interests. The latter two have been the hardest hit by the slump in the commercial property market, which has affected Anderson's wealth. Much of his Sydney property has now been sold and his interests are in Darwin, Perth and Melbourne. He moved to Sydney, where he continued to work on Coles projects and a development of Sydney CBD projects, receiving strong backing from the Japanese company Kumagai Gumi. By 1978 he was a project developer and his New World Developments had built 30 stores for Coles. He sharefarmed wheat in Western Australia and did bulldozer work as a sideline. Anderson has holding costs on these projects and no revenue to offset them. Westralia Square, a $1.3-billion multi-tower project in Perth, in which Anderson is a partner with Kerry Packer's Australian Consolidated Press, has been held up after an Indonesian company, Summa Group, pulled out of a joint-venture arrangement earlier this month. A hotel development project on land behind Melbourne's Windsor Hotel has been put on hold. A 20-storey Melbourne CBD building, 350 Queen Street, which was developed for $130 million, is empty almost one year after completion. This excess has left him exposed to the slump in the property market. He owns two ski lodges in Perisher Valley and a country retreat in Fern Hill, NSW. His Sydney harborside home, Boom-erang, in Elizabeth Bay, is worth about $10 million. Anderson lives on a grand scale: he spent more than $10 million to buy the 11 houses surrounding his home, Bungalow, in Peppermint Grove, Perth, and demolished them to give himself the city's largest residential grounds. Tipperary has a private zoo and an avenue of 200 coconut palms. It was indeed a long way to Tipperary from his days as a bulldozer operator in Western Australia. With a taste for the excessive and the bizarre, Warren Anderson has created a personal Xanadu on his Northern Territory cattle station, Tipperary. He lives in one of Sydney's finest homes in Vaucluse. He holds a small shareholding in TNT, with the bulk of his wealth derived from other investments, mainly property. When Alltrans was taken over by Thomas Nationwide Transport in 1967, Abeles was appointed managing director of the merged group. Abeles arrived penniless from Hungary in 1949 but within two years had set up his own transport business, Alltrans. This was successful TNT was able to make a share placement, which was a sign of market confidence. TNT's share price fell sharply a few months ago and Abeles and other executives moved into damage control. He remains a towering figure in Australian business and his achievements overseas are also huge. Sir Peter Abeles, chief executive of TNT, has been a controversial figure in the past few years: the bitterness of the pilots dispute, criticism from shareholders at the last TNT annual meeting over remuneration and, now that it is no longer fashionable for businessmen to be close to politicians, comments about his influence with politicians, including the Prime Minister. Transport services, property development.
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