VENUES ON RICH LIST

Business Events News - - Business Events News -

HIGH-PRO­FILE venue op­er­a­tors and hospi­tal­ity chiefs have made the list of Aus­tralia’s rich­est peo­ple, amass­ing for­tunes of up to $1.56 bil­lion. This year’s Aus­tralian Fi­nan­cial

Re­view Rich List in­cludes a string of well-known iden­ti­ties with a hand in the events sec­tor, in­clud­ing bar and venue baron Justin Hemmes who ap­pears on the list for the first time.

The AFR says the Hemmes fam­ily - own­ers of the Merivale group and its se­ries Syd­ney venues in­clud­ing The Ivy , The Es­tab­lish­ment and the Coogee Pav­il­ion - is now worth a to­tal of $951 mil­lion and is placed at num­ber 78 on the Rich List.

The wealth­i­est hospi­tal­ity sec­tor iden­tity on the list is Alan Ry­dge, chair­man of the Event Hospi­tal­ity & En­ter­tain­ment group which owns the Ry­dges, QT and Atura ho­tel brands.

Now es­ti­mated to be worth $1.56 bil­lion and ranked at num­ber 49, Ry­dge’s wealth has dropped dra­mat­i­cally since last year when it was cal­cu­lated at $2.09 bil­lion.

Fel­low hote­liers Ervin and Char­lotte Vi­dor are ranked at po­si­tion 79 and have amassed $927 mil­lion through their ven­tures which in­clude the Toga group and its Ad­ina, Vibe, Me­d­ina and Trav­elodge brands.

Oth­ers in­clude Robert Magid whose ho­tels in­cludes Pier One Syd­ney Har­bour and Ho­tel Lin­drum in Mel­bourne (ranked 168, worth $513 mil­lion), and pub baron Arthur Laundy (ranked 170, worth $506 mil­lion).

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