Geoff Harris Explained

Geoff Harris
Birth Date:circa [1]
Known For:Co-founder of Flight Centre
Occupation:Businessman, philanthropist
Spouse:div.
Children:3

Geoff Harris (born ca. 1952) is an Australian businessman and philanthropist.

Biography

Born circa 1952,[1] Harris is the son of a grocer and World War II veteran who served in Rabaul, Papua New Guinea.[2] He was bullied at school as a teenager, and later dropped out.[3]

Harris is a co-founder of Flight Centre with Graham Turner and Bill James in 1981–1982.[1] [3] He served as a company executive until 1998 and as a non-executive director until 2008.[1] [4] [5] In 2013, he was its biggest shareholder.[4] He was also an early investor in Boost Juice.[5] In 2003, he acquired Top Deck Travel UK with five other investors.[4]

He served as the Vice President of the Hawthorn Football Club.[5]

Personal life

Harris lives in Melbourne.[1] He is interested in military history, and has visited war sites in Malaysia, Vietnam and France.[2]

Personal wealth

In 2019, Harris' net worth was estimated to be A$851 million, listed on the Financial Review 2019 Rich List and, in 2015, 550 million, listed last on Forbes list of Australia's 50 Richest people. Harris' net worth did not meet the 472 million cut-off for the Financial Review 2020 Rich List.[6]

YearFinancial Review
Rich List
Forbes
Australia's 50 Richest
RankNet worth (A$)Rank
2011
2012
2013$800 million
2014[7] [8] $975 million $700 million
2015[9] [10] $881 million $550 million
2016
2017[11] [12] $637 million
2018[13] $867 million
2019[14] $851 million
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

Philanthropy

In 1999, Harris acquired an A$2.5 million house for the Reach Foundation, a non-profit organization whose aim is to provide unprivileged young people with access to mental health, co-founded by football player Jim Stynes and film director Paul Currie.[3]

Similarly, in 2013, he acquired Cromwell Manor, an A$2.5 million historic mansion in Collingwood, a suburb of Melbourne, to rent it for A$5 per annum to STREAT, a non-profit organization which teaches the homeless skills to start a career in hospitality.[5] [3] He has also donated A$450,000 to STREAT.[5] The non-profit is run as a business, and Harris is also an impact investor, having invested A$55,000.[5]

Harris covers the annual rent for the headquarters of Whitelion Open Family, a non-profit organization for at-risk young people.[3]

Harris also provided financial support for the treatment of Hawthorn Football Club player Jarryd Roughead during his fight against cancer. Roughead had previously found cancerous melanoma in his lip in the 2015 season, only to have it come back in the 2016 season. This required an expensive immunotherapy treatment, for which Harris paid.[15]

Notes and References

  1. Web site: 2015 Australia's 50 Richest: #50 Geoff Harris . . 31 January 2015 . 14 June 2015.
  2. News: Coates, Pip . To Have And To Hold: Geoff Harris. Worth: $975 million. Rank: 40 . The Australian Financial Review Magazine . July 2014 . 22 .
  3. News: Short, Michael . Geoff Harris: Helping youth take off . . 31 March 2014 .
  4. BRW Rich 200: 49. Geoff Harris . . 22 May 2013 . Sydney .
  5. Fitzsimmons, Caitlin . Why rich lister Geoff Harris is letting this Melbourne mansion for $5 a year . . Sydney . 23 January 2014 . https://web.archive.org/web/20160304094030/http://www.brw.com.au/p/investing/year_rich_lister_geoff_harris_for_YdEcnNugFV3YxTdABjQuwM . 4 March 2016 . dead .
  6. 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.
  7. 2014 BRW Rich 200 list. BRW (A Fairfax Media Publication). Sydney. 26 June 2014. 31 August 2014.
  8. News: 2014 Australia's 50 Richest. 30 June 2014. Forbes Asia. January 2014 .
  9. 2015 BRW Rich 200 list: Geoff Harris . BRW . Sydney. May 2015. 14 June 2015.
  10. News: 2015 Australia's 50 Richest: #50 Geoff Harris . 14 June 2015. Forbes Asia. March 2015 .
  11. News: Financial Review Rich List 2017 . Stensholt, John . . 25 May 2017 . 8 June 2017 .
  12. 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 .
  13. Web site: 2018 AFR Rich List: Who are Australia's richest people?. The Australian Financial Review. 25 May 2018. Stensholt, John. 26 May 2018.
  14. Web site: Australia's 200 richest people revealed. The Australian Financial Review. Nine Publishing. 30 May 2019. Bailey. Michael. 31 May 2019.
  15. Web site: PCM Speech: Alastair Clarkson . . 8 October 2017 . 8 October 2017.