The co-founders of My Chemist Retail Group have made it to the Top 100 of this year’s Financial Review Rich List
Chairman of My Chemist Retail Group, Jack Gance, and Chief Executive of My Chemist, Mario Verrocchi, have landed in the top 100 of this year’s Australian Financial Review rich list.
Mr Gance is ranked at 93, with a wealth of $813 million, while Mr Verrocchi is at rank 94 with $803 million.
The rich listers have each seen a growth in their wealth of 49% and 44% respectively since last year, when Mr Gance ranked at 131 with a wealth of $546 million, and Mr Verrochi at 128 with $558 million.
My Chemist Retail Group makes at least $100 million in annual profits and the pair are also part of the $725 million Home Consortium, says the AFR.
This consortium has bought dozens of former Masters sites with the intention of converting the land to retail outlets that will contain at least one of the My Chemist Retail Group pharmacy brands.
Mr Gance and Mr Verrocchi reportedly built their first fortune by establishing the Le Tan, Le Specs and Australis brands.
Executive director of vitamins manufacturer Blackmores, Marcus Blackmore, was ranked 137 on the rich list with a wealth of $594 million (up 12.3% from $529 million last year).
Late last year Blackmores hit a milestone, recording more than half its sales to foreign consumers for the first time in the company’s 85-year history, according to the AFR.