Brett Blundy
$2.4B
Born
Jan 17, 1960
Age
65
Source of Wealth
Retail, agribusiness
Residence
Paradise Island,
Citizenship
Australia
Marital Status
Married
Children
2
Education
- 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.
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