Brett Blundy

Net worth over time

Biography

• Brett Blundy is the founder of BBRC, a private investment company which has expanded from its retail roots into property, fund management, agriculture and technology.
• He sold some property and retail interests in three IPOs. He's now building a beef cattle empire in northern Australia to feed Asian demand.
• He has joined with cattle-station owners in Australia's Northern Territory to fund water supply, enabling properties to carry larger herds.
• Fast fashion jewelry retailer Lovisa, which he cofounded in 2010 and boasts 900 stores worldwide, is embroiled in a lawsuit amid allegations of underpayment of staff dating back to 2019.
• In 2021 Blundy sold key assets, including property fund Aventus, the listed Universal Store as well as the unlisted lingerie chain Honey Birdette to the Playboy Group.
• Blundy's interest in business started early. He grew up on a small farm near Melbourne where he and his four siblings would pick mushrooms to sell from a roadside stall for five cents a pound.
• His career dream was to be a pilot, but that was thwarted when he failed the final year of school.
• At age 20, Blundy bought a run-down record store in a suburb called Packenham with a friend. The business failed, and they had to take on day jobs to support it.

Financial assets