The Smorgons sold their steel operations for a 46% stake in Humes Ltd,[16] valued at $346 million at the time. There is a real issue that does arise more frequently than you would think, says Leibler. smorgon family rich list - amcsalud.com Ms Smorgon, 44, was conceived by artificial insemination and believes that is why she was denied access to the benefits of the trusts after Robert's death in 2019. Help using this website - Accessibility statement, ANZ launched an Australian dollar-backed stablecoin. Ms Smorgon (pictured) was conceived by artificial insemination and she believes that is why she was denied access to the trusts after the death of her father Robert in 2019. It looks like a textbook case for succession, but it wasnt easy. [3] In 1948, the Smorgons began to supply rabbit meat to the US. . In the 2013 list, the Smorgon family headed the list with estimated wealth of A$ 2.64 billion. [16][20], Smorgon Consolidated Industries competed against the paper monopoly, Australian Paper Manufacturers (AMP). In January 1984, they diversified their product by purchasing a used rolling mill and rolling steel billets into reinforced bar. The rich-list owners of Sorrento's Continental Hotel are seeking a $10,000-a-week tenant for a landmark South Yarra mansion they've got grand plans for. . [16] Through this strategy, they secured major building materials manufacturers such as ARC, Aquila and Boral, as clients. In time, a family council emerged a model that still operates today. [3] The Smorgon families headed the families list in every year of its publication. Victor is one of the smartest people that Ive ever seen, says one adviser. [1] He married Tzippa Mejov at Blumental in 1908. The mini-mill used electricity to melt scrap metals into steel billets. I just would like my dad to acknowledge me, to say well done, I just want to have a meaningful connection with my parents., Clockwise from top left: The Morans; the Pratts; the Belgiorno-Nettis family; the Packers. At the same time, the family rose to prominence in Melbourne as major benefactors across the arts, civics and cultural institutions, including the National Gallery of Victoria where a portrait of Victors wife Loti by Andy Warhol is now one of the best-known works in the collection. - The Smorgon family from Victoria have topped the list of 45 families whose wealth is greater than $110 million. smorgon family rich list Nationwide News Pty Ltd 2023.