Shaun Bonétt Explained

Shaun Bonétt
Birth Name:Shaun Keith Alfred Bonétt
Birth Date:1 January 1971
Birth Place:London, England, UK
Education:Saint Ignatius' College, Adelaide
Occupation:Entrepreneur and property developer
Children:2
Parents:Anton and Marlene Bonétt
Awards:Sovereign Military Order of Malta
Honorary Doctorate (University of South Australia)

Shaun Bonétt (born 1 January 1971) is an Australian entrepreneur[1] and property developer who founded and is CEO of Precision Group.[2] [3]

Early life

Shaun Bonétt was born in London, England, to parents of Australian and Maltese descent,[1] Marlene and Anton Bonétt, the latter of whom was an oncologist for the World Health Organization.[4] Bonett moved to Australia in 1978[5] and studied at Saint Ignatius College, in Adelaide.[1] In the 1980s, Bonétt worked as a law clerk in Adelaide, and studied at the University of Adelaide, graduating in 1991 with a Bachelor of Laws and Arts.[1] [6] Bonétt is also a graduate of the University of South Australia.[7] [8]

Career

Bonétt worked for the law firm Thomson Simmons & Co from 1990 to 1996 and then as a Senior Associate at Phillips Fox Lawyers from 1996 to 1998.[4]

In 1994 when he was 24 years old, Bonétt founded Precision Group, a property investment and management company,[6] and was involved in the re-positioning of MacArthur Central,[9] and collaborated with the Bank of China to purchase the Chevron Renaissance Shopping Centre.[10] Bonétt also negotiated the establishment of a Tiffany & Company outlet in Adelaide Central Plaza, along with three other international retailers,[11] including David Jones.[12]

In 2003 Bonétt joined the board of directors of iSelect Health & Life Insurance, in 2005 he joined the board of Lenders Direct, and in 2007 he joined the board and became Chairman of Litigation Lending Services.[4] In 2018 Bonétt acquired a material stake and board seat in the data analytics ASX listed company Skyfii Limited.[13]

In May 2006, Bonétt negotiated one of the largest property swap transactions in Australian history, when he swapped Precision Group's property at 160 Ann Street, Brisbane for MacArthur Central in Brisbane, in a $186 million swap transaction.[9]

In 2010 Bonétt's Precision Group was the first private Australian businesses to undertake various finance transactions with the Bank of China and Bonétt subsequently made submissions to the Foreign Investment Review Board ("FIRB") to enable more Australian businesses to access loans from International banks without having to first obtain FIRB approval.[14] In 2015 Bonétt also actively supported and made representations to Government for Australia's free trade agreement with China.[15]

In 2022, the University of South Australia conferred to Bonétt an honorary doctorate.[16]

Personal life

In 2004, Bonétt married model, Vanessa Baron., they have a daughter, Eve, and a son, Gabriel.[17] [18]

Net worth

Bonétt debuted on the Business Review Weekly (BRW) Young Rich List in 2006 placing third with a net worth of 220 million[19] [20] and was ranked as Australia's Richest Person 40 and Under in 2007–2008.[21], Bonétt's net worth was estimated by The Australian Financial Review to be 2.31 billion. In 2019 Bonétt's net worth was estimated by The Australian to be 1.17 billion (79th rank).[22]

YearFinancial Review
Rich List		Forbes
Australia's 50 Richest
RankNet worth (A$)Rank
2015[23] $478 million
2016
2017[24] [25] $718 million
2018[26] $784 million
2019[27]
2020[28] $1.06 billion
2021[29] $1.17 billion
2022$1.90 billion
2023[30] $2.31 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

External links

Notes and References

  1. Web site: $220 million reasons to smile. Gibson. Candy. Lumen . . Winter 2007 . 23 January 2016.
  2. Web site: New kid on the very rich block. 26 September 2007. The Sydney Morning Herald. 23 January 2016.
  3. Web site: Shaun Bonett. 22 May 2013. BRW. 23 January 2016.
  4. Web site: Department of Information. 25 September 2009. Department of Information - Malta. 24 January 2016. Mr Shaun Bonett is the son of the late Dr Anton and Mrs Marlene Bonett. Dr Anton Bonett was a cancer specialist who came to Australia with the World Health Organization in the late 1970s.. https://web.archive.org/web/20150928074821/http://www.doi-archived.gov.mt/EN/press_releases/2009/09/pr1600.asp. 28 September 2015. dead. dmy-all.
  5. Web site: Maltese property developer tops Australia's young rich-list. Grech. Herman. 28 September 2007. Times of Malta. 24 January 2016.
  6. Web site: Shopping centre magnate Shaun Bonett took risks early on. Carter. Bridget. 25 September 2008. The Australian. 23 January 2016.
  7. UniSA and Precision Group present retail game-changer challenge with $25,000 prize . . 5 April 2019 . 22 November 2020 .
  8. Web site: UniSA PhD students reinvent retail therapy wheel . Alumni Business News . . 2019 . 22 November 2020 .
  9. Web site: Precision swaps offices for shops. 25 May 2006. The Australian Financial Review. 23 January 2016. https://web.archive.org/web/20141111020108/http://www.afr.com/p/business/property/item_Nx442XWyvFdYFhfgn3rMAN. 11 November 2014. Precision Group founder Shaun Bonett is already planning how to reposition Brisbane's MacArthur Central Shopping Centre, which he acquired yesterday for $119.5 million..
  10. Web site: Bank of China backs Gold Coast centre: Apple a likely tenant. Cranston. Matthew. 27 February 2015. The Australian Financial Review. 23 January 2016. https://web.archive.org/web/20150929043044/http://www.afr.com/real-estate/commercial/investment/bank-of-china-backs-gold-coast-centre-apple-a-likely-tenant-20150226-13q3ly. 29 September 2015.
  11. Web site: Louis Vuitton, Chanel and Topshop in talks to open Adelaide stores. Tauriello. Giuseppe. 26 August 2013. The Advertiser. 23 January 2016.
  12. Web site: Revamp for SA plaza. 17 October 2013. Inside Retail. 23 January 2016.
  13. News: Lenaghan, Nick . How a shopping centre owner targets consumers in $133m revamp . 13 June 2018 . . 27 January 2019.
  14. News: Cranston . Matthew . Bank of China backs Gold Coast centre: Apple a likely tenant . 27 February 2015 . . 27 January 2019.
  15. Web site: Rich Lister Shaun Bonett says China free trade will underpin property values. Cranston. Matthew. 2 September 2015. The Australian Financial Review. 27 January 2019.
  16. Web site: England . Cameron . Standing by good friend Christine Holgate was a question of values, Shaun Bonett says . . May 10, 2022.
  17. Web site: Cassar, Josanne . The Next generation . . 9 September 2007 . 22 November 2020 .
  18. Web site: Wayne . Michael . Shaun Bonétt and Trevor Dill, Managing Director and COO of Precision Group . The CEO Magazine . November 17, 2021.
  19. News: Wealth: simple as ABC . 14 September 2006 . . 18 February 2019.
  20. Web site: Wealth: simple as ABC. 13 September 2006. The Sydney Morning Herald. 24 January 2016. The chief executive of ABC Learning Centres is now Australia's richest person aged 40 years and under, the latest annual BRW Young Rich list shows...Property developer Shaun Bonett debuted on the list at No. 3, with $220 million..
  21. News: New kid on the very rich block . 27 September 2007 . . 18 February 2019.
  22. News: The List — Australia's Richest 250 . . 1 April 2019.
  23. Web site: BRW Rich 200 List 2015. 2015. BRW. 24 January 2016.
  24. News: Financial Review Rich List 2017 . Stensholt, John . . 25 May 2017 . 8 June 2017 .
  25. 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 .
  26. Web site: 2018 AFR Rich List: Who are Australia's richest people?. The Australian Financial Review. 25 May 2018. Stensholt, John. 26 May 2018.
  27. Web site: Australia's 200 richest people revealed. . Nine Publishing. 30 May 2019. Bailey. Michael. 31 May 2019.
  28. 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.
  29. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 27 May 2021 . 28 May 2021.
  30. News: Bailey, Michael . Sprague, Julie-anne . The 200 richest people in Australia revealed . . 26 May 2023 . 6 June 2023.

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