The Young Rich List 2023 speak Australian Financial Review was published and at least seven Australians of Greek descent were listed. They are:
42. Kayla Itsines
Itsines is the co-founder and face of Sweat, a fitness app she founded with her former fiancé Tobi Pearce (#46) in 2014. Initially, it was a PDF guide to her famous high-octane workout. intensity of 28 minutes, which women could print and take with them. the gym, the application now has more than a million active users. Itsines remains his head trainer after she and Pearce sold Sweat to US company iFit in 2021, in a deal worth $400 million once all post-sale installments were paid. Their property portfolio was broken up after their separation, and a number of properties are now owned by companies controlled solely by Itsines.
62. & 63. Georgia and Daniel Contos
The Contos are the couple behind White Fox Boutique, a women’s fashion e-tailer enjoying viral popularity. Launched in 2013, White Fox was one of the first to tap into social media influencer culture and now has two million followers on Instagram. A more striking statistic, however, is the $60 million property the couple purchased in Sydney’s exclusive Vaucluse over the past two years. With showrooms in Sydney and Los Angeles, and advertisements on the back of almost every Sydney bus, some suggest $100 million might even be an underestimate of the wealth of the Contos, who are combined.
80. & 81. Argylica and William Conditsis
These siblings are the founders of Babyboo, a women’s event clothing designer founded in Baulkham Hills in Sydney in 2010, which now employs 45 people and generates more than half of its turnover in the United States. Argylica, one of several new fashion e-tailers featured on this year’s Young Rich list, attributed Babyboo’s international success to the level of customer focus required to initially build a viable business in a small market like Australia . Demand for event clothing plunged during the pandemic, but Babyboo was able to survive by pivoting to loungewear. Argylica and William’s combined wealth estimate is based on an independent assessment from Babyboo.
95. Aaron Pasias
Pasias is co-founder of PlaySide Studios, which develops games for phones, computers and virtual reality headsets, using both his intellectual property and that of major studios such as Disney, Pixar, Warner Bros and Nickelodeon. Pasias is a long-time friend of Gerry Sakkas (No. 99), whose dismissal from American giant EA Games in 2012 gave birth to PlaySide. Pasias then asked Sakkas, already an established real estate investor, for additional cash. This portfolio of commercial properties is why Pasias’ valuation exceeds that of Sakkas, although they both own 79.2 million PlaySide shares.
99. Gerry Sakkas
Sakkas is the co-founder of PlaySide Studios, the only games developer listed on the ASX. A former developer for EA Games, Sakkas accepted the $15,000 severance check he received from the American giant in 2012 and launched a competitor. PlaySide develops its own games, as well as those based on intellectual property from partners such as Disney, Pixar, Warner Bros and Nickelodeon. In 2021, PlaySide purchased the Dumb Ways To Die franchise, famous for Victorian rail safety advertising, and used it as a launchpad into new areas such as non-fungible tokens.
Source: Australian Financial Review