Australia’s 200 richest people revealed #159: Ian Malouf
Ian Malouf founded Dial A Dump in the ’80s with a shovel and a truck, and built it into one of the nation’s biggest waste management businesses. He debuts on the Rich List after his baby was acquired by Bingo Industries in February. The acquisition, which spent six months under investigation by the competition regulator, netted Malouf more than $300 million in cash and $200 million in Bingo shares.
Malouf’s interests are now focused on his newly formed yacht charter and sale company Ahoy Club, a fitting investment given his private ownership of a $40 million yacht.
Author: Michael Bailey
Source: The Australian Financial Review