Brett Blundy Explained

Brett Blundy
Birth Date:[1]
Citizenship:Australia
Spouse:Vanessa Speer[2]
Children:2

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]

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

Personal life

He is married, with two children, and lives in Singapore.[1]

Blundy owns a 242feet megayacht, Cloud 9.[15]

Net worth

YearFinancial Review
Rich List		Forbes
Australia's 50 Richest
RankNet worth (A$)Rank
2017[16] [17] [18] $1.39 billion$645 million
2018[19] $1.71 billion
2019[20] [21] $2.00 billion $1.44 billion
2020[22] $2.20 billion
2021[23] $2.65 billion
2022[24] $3.30 billion
2023[25] $3.33 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

Notes and References

  1. Web site: Forbes profile: Brett Blundy . Forbes . 28 September 2018.
  2. News: Brett Blundy's BridgeClimb too far for ASX float list. 17 March 2017 . . 10 September 2015.
  3. News: Billionaire Brett Blundy's retail recipe that made his executives millions. 16 March 2017. Financial Review. 26 October 2016.
  4. Web site: Aventus Property Group — Specialist Fund and Asset Manager. Aventus Property. 16 March 2017. https://web.archive.org/web/20170318000531/http://aventusproperty.com.au/about/. 18 March 2017. dead.
  5. News: BridgeClimb profits cheer Hungry Jack Cowin and Brett Blundy, but here's why Singo won't be smiling. 2013-11-12. Financial Review. 2017-03-17. en-US.
  6. Web site: BBRC About Us. www.bbrcworld.com. en-AU. 2017-03-17.
  7. Web site: Australian Millionaire Brett Blundy Moves to Singapore. Tan. Gillian. 2013-04-08. WSJ. 2017-03-17.
  8. Web site: Exclusive photos: Cloud 9 200-ft super yacht - LifestyleAsia Singapore. www.lifestyleasia.com. en-US. 2017-03-17.
  9. News: What's happening at Diva? Confusion over future of Australian fashion accessories chain - SmartCompany. Keating. Eloise. 2014-05-28. SmartCompany. 2017-03-17. en-AU.
  10. Web site: Mcilraith . Brianna . 2023-09-19 . Lovisa paid $153,000 in wage arrears to employees . 2023-09-20 . Stuff . en.
  11. Web site: Pattabiraman . Rakshnna . 2023-08-24 . Lovisa pushes ahead with global expansion as profits rise . 2023-09-20 . Inside Retail Australia . en-US.
  12. News: Curtain, Carl . 8 December 2015 . Australian billionaire Brett Blundy buys two Northern Territory cattle stations from Paraway Pastoral for $100 million . . Australia.
  13. News: LaFrenz, Carrie . 9 February 2018 . Brett Blundy offloads Bras N Things to Hanes for $500m . . 29 September 2018.
  14. Web site: LaFrenz . Carrie . 2024-06-19 . City Chic sales smashed by 30pc, capital raise documents show . subscription . 2024-06-22 . Australian Financial Review . en.
  15. Web site: 9 outrageous yachts appearing at the Monaco Yacht Show owned by some of the world's richest billionaires. businessinsider.com. 28 September 2018.
  16. News: Financial Review Rich List 2017 . Stensholt, John . . 25 May 2017 . 8 June 2017 .
  17. News: Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax . Mayne, Stephen . Stephen Mayne . . Private Media . 26 May 2017 . 10 October 2019 .
  18. News: Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars . 28 September 2019 . Forbes Asia. 1 November 2017 .
  19. Web site: 2018 AFR Rich List: Who are Australia's richest people?. The Australian Financial Review. 25 May 2018. Stensholt, John. 26 May 2018.
  20. Web site: Australia's 200 richest people revealed. . Nine Publishing. 30 May 2019. Bailey. Michael. 31 May 2019.
  21. News: 2019 Australia's 50 Richest. 28 September 2019. Forbes Asia. January 2019 .
  22. Web site: The full list: Australia's wealthiest 200 revealed. subscription. The Australian Financial Review. Nine Publishing. 30 October 2020. Bailey, Michael. Sprague, Julie-anne. 31 October 2020.
  23. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 27 May 2021 . 28 May 2021.
  24. Web site: Rich List . 2023-01-04 . Australian Financial Review . en.
  25. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 26 May 2023 . 6 June 2023.

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