Brett Blundy

Last updated

Brett Blundy
Born1959or1960(age 64–65) [1]
CitizenshipAustralia
Occupations
Known for
SpouseVanessa Speer [2]
Children2

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]

Contents

Career

Blundy aspired to be a pilot; however, he failed to obtain the necessary results during high school. Aged 20 years, [6] Blundy, together with a friend, bought a record store in Pakenham, called "Disco Duck". [7] The business failed, and they had to take on day jobs to support ithe business venture. [8] Blundy went on to form BB Retail Capital (BBRC), now known as Sanity Entertainment Group. [9]

In 2005, Blundy 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. [10] In 2010, he launched Lovisa, a fast fashion jewellery brand. [11] As of July 2023, Lovisa had 801 stores across 39 countries. [12] In 2015 Blundy expanded his business operations into cattle farming. [13] In early 2018, Bras N Things was sold to the US company Hanesbrands. [14] As of June 2024, Blundy owned around 11 per cent of City Chic Collective [15] and also owned around 13 per cent of Victoria's Secret. [16]

Personal life

Blundy grew up on a farm in rural Victoria, where he and his four siblings would pick mushrooms to sell from a roadside stall. [8]

Blundy is married with two children, [1] and lives in Monaco. [17] Blundy has previously lived in Sydney, Singapore and the Bahamas. [18]

Blundy previously owned a 74-metre (242 ft) megayacht, Cloud 9. [19] [18]

Net worth

Year Financial Review
Rich List 		Forbes
Australia's 50 Richest
Rank Net worth (A$)Rank Net worth (US$)
2017 [20] [21] [22] $1.39  billion 42Decrease2.svg$645 million Decrease2.svg
2018 [23] 41Increase2.svg$1.71 billion Increase2.svg33Increase2.svg
2019 [24] [25] 39Increase2.svg$2.00 billion Increase2.svg29Increase2.svg$1.44 billion Increase2.svg
2020 [26] 37Increase2.svg$2.20 billion Increase2.svg
2021 [27] 39Decrease2.svg$2.65 billion Increase2.svg
2022 [28] 32Increase2.svg$3.30 billion Increase2.svg
2023 [29] 36Decrease2.svg$3.33 billion Increase2.svg
2024 [30] 34Decrease2.svg$3.60 billion Increase2.svg
2025 [31] [8] 38Decrease2.svg$3.95 billion Increase2.svg28$2.10 billion
Legend
Icon Description
Steady2.svgHas not changed from the previous year
Increase2.svgHas increased from the previous year
Decrease2.svgHas decreased from the previous year

References

  1. 1 2 "Forbes profile: Brett Blundy". Forbes. Retrieved 28 September 2018.
  2. ↑ "Brett Blundy's BridgeClimb too far for ASX float list". The Weekend Australian . 10 September 2015. Retrieved 17 March 2017.
  3. ↑ "Billionaire Brett Blundy's retail recipe that made his executives millions". Financial Review. 26 October 2016. Retrieved 16 March 2017.
  4. ↑ "Aventus Property Group — Specialist Fund and Asset Manager". Aventus Property. Archived from the original on 18 March 2017. Retrieved 16 March 2017.
  5. ↑ "BridgeClimb profits cheer Hungry Jack Cowin and Brett Blundy, but here's why Singo won't be smiling". Financial Review. 12 November 2013. Retrieved 17 March 2017.
  6. ↑ "BBRC | About Us". www.bbrcworld.com. Retrieved 17 March 2017.
  7. ↑ Tan, Gillian (8 April 2013). "Australian Millionaire Brett Blundy Moves to Singapore". WSJ. Retrieved 17 March 2017.
  8. 1 2 3 "Real Time Net Worth: Brett Blundy" (dynamic list). Forbes . 3 June 2025. Retrieved 3 June 2025.
  9. ↑ "Exclusive photos: Cloud 9 200-ft super yacht - LifestyleAsia Singapore". www.lifestyleasia.com. Retrieved 17 March 2017.
  10. ↑ Keating, Eloise (28 May 2014). "What's happening at Diva? Confusion over future of Australian fashion accessories chain - SmartCompany". SmartCompany. Retrieved 17 March 2017.
  11. ↑ Mcilraith, Brianna (19 September 2023). "Lovisa paid $153,000 in wage arrears to employees". Stuff. Retrieved 20 September 2023.
  12. ↑ Pattabiraman, Rakshnna (24 August 2023). "Lovisa pushes ahead with global expansion as profits rise". Inside Retail Australia. Retrieved 20 September 2023.
  13. ↑ Curtain, Carl (8 December 2015). "Australian billionaire Brett Blundy buys two Northern Territory cattle stations from Paraway Pastoral for $100 million". ABC News . Australia.
  14. ↑ LaFrenz, Carrie (9 February 2018). "Brett Blundy offloads Bras N Things to Hanes for $500m". The Australian Financial Review . Retrieved 29 September 2018.
  15. ↑ LaFrenz, Carrie (19 June 2024). "City Chic sales smashed by 30pc, capital raise documents show" . Australian Financial Review. Retrieved 22 June 2024.
  16. ↑ "Victoria's Secret & Co". MarketScreener. Superperformance. Retrieved 17 May 2025.
  17. ↑ LaFrenz, Carrie (3 March 2024). "Queensland label Dissh lands investment from billionaire Brett Blundy" . Australian Financial Review. Retrieved 26 October 2024.
  18. 1 2 Chancellor, Jonathan; Lacy, Christine (16 April 2020). "Brett Blundy's high-rise Monaco life" . The Australian. Retrieved 26 October 2024.
  19. ↑ "9 outrageous yachts appearing at the Monaco Yacht Show owned by some of the world's richest billionaires". businessinsider.com. Retrieved 28 September 2018.
  20. ↑ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review . Retrieved 8 June 2017.
  21. ↑ Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey . Private Media. Retrieved 10 October 2019.
  22. ↑ "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  23. ↑ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review . Retrieved 26 May 2018.
  24. ↑ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review . Nine Publishing. Retrieved 31 May 2019.
  25. ↑ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  26. ↑ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed" . The Australian Financial Review . Nine Publishing. Retrieved 31 October 2020.
  27. ↑ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review . Retrieved 28 May 2021.
  28. ↑ "Rich List". Australian Financial Review. Retrieved 4 January 2023.
  29. ↑ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review . Retrieved 6 June 2023.
  30. ↑ Redrup, Yolanda; Bailey, Michael (30 May 2024). "Australia's wealthiest 200 now control $625b". Australian Financial Review . Retrieved 18 September 2024.
  31. ↑ Redrup, Yolanda (30 May 2025). "Australia's wealthiest 200 revealed, fortunes blow past $667b" . Australian Financial Review . Retrieved 31 May 2025.
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