Sam Tarascio
$1.1B
Born
Jul 22, 1944
Age
81
Source of Wealth
Real estate
Residence
Melbourne,
Citizenship
Australia
Marital Status
Married
Children
3
Education
- Sam Tarascio owns a portfolio of real estate across Melbourne, including a business park, two distribution sites, a large shopping mall and a market.
- Tarascio, who emigrated from Italy in the 1950s, also owns several inner-city apartment developments.
- He started out in property development in the 1960s by building a warehouse for German pharmaceutical company Hoechst, where he had worked in sales.
- That led him to establish logistics and industrial-development business Salta Properties, now run by his son Sam.
- Tarascio imported an olive press in 2014 for his Taralinga Estate on the Mornington Peninsula, near Melbourne.
- His Taralinga Estate olive oil has won two gold medals at the New York International World Olive Oil Competition.
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