Brett Blundy

Brett Blundy
Born1959 or 1960 (age 64–65)[1]
CitizenshipAustralia
Occupations
Known for
SpouseVanessa Speer[2]
Children2

Brett Blundy (born 1959/1960) is an Australian billionaire businessman. He is the founder and former chairman of BB Retail Capital, which owns companies such as Sanity Entertainment, Bras N Things, and Aventus Property Group.[3][4] He is part-owner of BridgeClimb Sydney, one of Australia's biggest tourist attractions.[5]

Career

BB Retail Capital (BBRC) was founded by Blundy in 1980[6] with the purchase of a single record store "Disco Duck",[7] now known as Sanity Entertainment Group.[8]

In 2005, he purchased Diva, a fashion jewellery store founded by Colette and Mark Hayman. Diva had close to 200 stores in Australia and New Zealand and 400 in international markets.[9]

In 2010, he launched Lovisa, a fast fashion jewellery brand.[10] As of July 2023, Lovisa has 801 stores across 39 countries.[11]

In 2015 Blundy expanded his business operations into cattle farming.[12]

In early 2018, Bras N Things was sold to the US company Hanes.[13]

As of June 2024, Blundy owns around 11 per cent of City Chic Collective.[14]

Personal life

He is married with two children.[1] He lives in Monaco.[15] He has previously lived in Sydney, Singapore and the Bahamas.[16]

Blundy previously owned a 74-metre (242 ft) megayacht, Cloud 9.[17][16]

Net worth

Year Financial Review
Rich List 		Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2017[18][19][20] $1.39 billion 42 Decrease $645 million Decrease
2018[21] 41 Increase $1.71 billion Increase 33 Increase
2019[22][23] 39 Increase $2.00 billion Increase 29 Increase $1.44 billion Increase
2020[24] 37 Increase $2.20 billion Increase
2021[25] 39 Decrease $2.65 billion Increase
2022[26] 32 Increase $3.30 billion Increase
2023[27] 34 Decrease $3.33 billion Increase
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

References

  1. ^ a b "Forbes profile: Brett Blundy". Forbes. Retrieved 28 September 2018.
  2. ^ "Brett Blundy's BridgeClimb too far for ASX float list". The Weekend Australian. 10 September 2015. Retrieved 17 March 2017.
  3. ^ "Billionaire Brett Blundy's retail recipe that made his executives millions". Financial Review. 26 October 2016. Retrieved 16 March 2017.
  4. ^ "Aventus Property Group — Specialist Fund and Asset Manager". Aventus Property. Archived from the original on 18 March 2017. Retrieved 16 March 2017.
  5. ^ "BridgeClimb profits cheer Hungry Jack Cowin and Brett Blundy, but here's why Singo won't be smiling". Financial Review. 12 November 2013. Retrieved 17 March 2017.
  6. ^ "BBRC | About Us". www.bbrcworld.com. Retrieved 17 March 2017.
  7. ^ Tan, Gillian (8 April 2013). "Australian Millionaire Brett Blundy Moves to Singapore". WSJ. Retrieved 17 March 2017.
  8. ^ "Exclusive photos: Cloud 9 200-ft super yacht - LifestyleAsia Singapore". www.lifestyleasia.com. Retrieved 17 March 2017.
  9. ^ Keating, Eloise (28 May 2014). "What's happening at Diva? Confusion over future of Australian fashion accessories chain - SmartCompany". SmartCompany. Retrieved 17 March 2017.
  10. ^ Mcilraith, Brianna (19 September 2023). "Lovisa paid $153,000 in wage arrears to employees". Stuff. Retrieved 20 September 2023.
  11. ^ Pattabiraman, Rakshnna (24 August 2023). "Lovisa pushes ahead with global expansion as profits rise". Inside Retail Australia. Retrieved 20 September 2023.
  12. ^ Curtain, Carl (8 December 2015). "Australian billionaire Brett Blundy buys two Northern Territory cattle stations from Paraway Pastoral for $100 million". ABC News. Australia.
  13. ^ LaFrenz, Carrie (9 February 2018). "Brett Blundy offloads Bras N Things to Hanes for $500m". The Australian Financial Review. Retrieved 29 September 2018.
  14. ^ LaFrenz, Carrie (19 June 2024). "City Chic sales smashed by 30pc, capital raise documents show". Australian Financial Review. Retrieved 22 June 2024.
  15. ^ LaFrenz, Carrie (3 March 2024). "Queensland label Dissh lands investment from billionaire Brett Blundy". Australian Financial Review. Retrieved 26 October 2024.
  16. ^ a b Chancellor, Jonathan; Lacy, Christine (16 April 2020). "Brett Blundy's high-rise Monaco life". The Australian. Retrieved 26 October 2024.
  17. ^ "9 outrageous yachts appearing at the Monaco Yacht Show owned by some of the world's richest billionaires". businessinsider.com. Retrieved 28 September 2018.
  18. ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
  19. ^ Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
  20. ^ "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  21. ^ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  22. ^ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  23. ^ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  24. ^ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  25. ^ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  26. ^ "Rich List". Australian Financial Review. Retrieved 4 January 2023.
  27. ^ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.