Bruno Grollo | |
---|---|
Born | Bruno Gordano Grollo 1942 (age 80–81) [1] |
Nationality | Australian |
Occupation(s) | Property developer; builder; entrepreneur |
Known for | Grocon |
Spouses |
|
Children | 3 |
Parents |
|
Bruno Gordano Grollo AO (born 1942, Melbourne, Victoria) is an Australian businessman, property developer, former Director of Grocon and is noted for his controversy surrounding the Swanston Street Wall incident on 29 March 2013.
Bruno is the son of Luigi Grollo, who founded Grocon, one of Australia’s largest construction companies, in 1948 after immigrating to Australia from Italy. Bruno’s role in his company remains despite handing the title of chief executive and chairman to his son, Daniel Grollo in 1999.
Following public disputes with Infrastructure New South Wales in 2020, Grocon announced that it and 86 of its subsidiaries have entered Voluntary Administration. [2]
Bruno Grollo was born in Melbourne in 1942 and is the son of accountant Emma Girardi (1913-1986) and builder Luigi Arturo Grollo (1909-1994). [3] His grandfather, Giovanni Grollo, was a farmer. [3]
Luigi Grollo emigrated to Australia at 18 years old, due to his adolescent life being rife with war, drought, storms and the death of his mother at 52 years old. [4] He said of the experience growing up in Italy, ‘The following year, 1928, I saw that things were still going bad there. There was another storm that carried off everything. It left only the soles of our feet! Here were some new debts to pay off.’ [4]
Luigi Grollo and his family left their hometown of Arcade, Treviso, in Northern Italy after it became a World War I battleground and was no longer habitable. [5] At 18 years old, with his older brother sponsoring him, he boarded the passenger ship named the Principe d’Udine and arrived in Melbourne on 24 July 1928 to start a new life in Australia. [3] His cousin Carlo Zanatta was awaiting his arrival but did not recognise Luigi as they had not been together since he was a young boy. [4] Luigi said of Carlo, ‘He was a good man to me. Zanatta took me to a boarding house in Russell Street, Melbourne city. There we stayed all one day and one night. The next morning we left for Healesville to go to work.’ [4]
In 1938, Luigi settled in Carlton, Melbourne and began concreting work, whilst building his construction business, formerly known as L Grollo & Sons, on the weekends, while wife, Emma, helped with bookkeeping and accounts. [5] Luigi’s one-man company began with residential paths, gutters, fireplace foundations and swimming pools before rapidly expanding in the 1950s to become the Grollo Group, transitioning to constructing multiple high-rises in Melbourne. [3]
Bruno had a substantial role in his father’s company whilst growing up; he and his brother would help out, gaining trade experience whilst still at school. [6] He had minimal formal education growing up, recalling his attendance as a ‘series of Catholic schools’ before beginning his career as a labourer. [6] In 1958, at 15 years old, Bruno left school and began his career in construction when he joined his father’s company, of, at the time almost 130 employees. [7] His brother, Rino Grollo, soon after joined the company in 1965. [7] In 1968, after suffering a heart-attack, the patriarch and Director of Grocon, Luigi Grollo, retired and left sons, Bruno and Rino as co-Directors of his company Grocon. [3] Following the stressful period after their mother’s death in 2001, Bruno and Rino divided the company and its assets into two. [4] Bruno headed Grocon Constructions and multiple building assets and in 2003 made his two sons, Adam and Daniel, joint managing directors. [4]
Bruno Grollo has been involved in several media controversies concerning himself and his company, Grocon.
In 1997, Bruno Grollo and co-accuseds Mr John William Flanagan and Mr Robert Charles Howard were acquitted of conspiracy charges. [8] They were accused of bribing a Federal Police Officer, Superintendent Lloyd Farrell, and of conspiring to pervert the course of justice. [8] This conspiracy arose from fears surrounding the taxation office in which the court alleged that Grollo had ‘failed to declare $59 Million’ in the process of building the Rialto Towers. [9] Recorded as one of the longest trials in Victorian history, running for 13 months, this investigation into the taxation affairs of the Grollo Group resulted in a not-guilty verdict on all charges for all three men, Grollo, Flanagan and Howard, and ended on June 26, 1997. [9]
On 28 March 2013, during wind gusts of up to 102 kilometres per hour (63 mph) a Grocon building site construction wall collapsed on Swanston Street, Melbourne killing three pedestrians walking by. [10] This collapse resulted in the death of Bridget Jones, Alexander Jones and Marie-Faith Fiawoo. [11] This fatal incident in which promotional hoarding incorrectly fastened to a Grocon brick wall, resulted in a court case in which Grocon Victoria Street Pty Ltd pleaded guilty to a charge of failing to warrant a safe workplace. [11] Grollo stated about the incident, ‘I personally, along with all of the directors and employees of Grocon, reiterate our deep regret at the tragic and untimely loss’. [2] The court case against WorkSafe Victoria, concluding in 2014, resulted in a guilty verdict and a $250,000 fine for Grollo’s company, Grocon. [11]
As the new co-Director of Grocon, Bruno and his company were involved in many of the projects that created Melbourne’s skyline. His projects included the Rialto Towers, the Hyatt Hotel and the Eureka Tower in 2006, which was one of the world’s highest residential towers at the time. [12] Continuing his expansion into Sydney with the Governor Philip Tower, the Macquarie Towers and 1 Bligh Street, the two-brothers led Australia’s construction industry to new heights. [13]
The Grollo Tower proposal was a $1.7 billion, 500m skyscraper for the Melbourne docklands, proposed by Bruno as a gift to Melburnians in 1995, but also partially funded by the Victorian public. [14] Bruno stated of the tower, 'It would be a golden building for a golden city for the golden times to come ... it has to put the city on the world map’ . [8] His ambitious ideals underlined many aspects of the company, Grollo stated he wanted, ‘To do something for Melbourne that did what the pyramids did for Egypt, or the Colosseum did for Rome, or the Opera House and Harbour Bridge did for Sydney'. [8] The Grollo Tower, although never coming to fruition, would have been the tallest in the world at that time. [15] The proposal was reviewed again in 2003 for construction to begin in Dubai, commissioned by The Grollo Corporation and Emaar Properties, the largest development company in the Arab Emirates. [16] The $3 billion deal was proposed as an exact replica of the original Grollo Tower, however ultimately the project was cancelled and Bruno’s ambitious skyscraper was never built. [16]
On Christmas Day in 1974, Cyclone Tracy destroyed more than 70 percent of Darwin’s buildings, including 80 percent of its houses; this led to the Northern Territory Government signing a contract with the Grollo Group to help with restorations. [17] Both Rino and Bruno were involved in the restoration of the cyclone-torn city, building 400 cyclone-proof houses with various designs for the government. [4] This contract substantially grew their business and by the 1980s, Grocon had a total workforce of over 1000 employees. [4]
In 2020, following public disputes with Infrastructure New South Wales, Grocon announced that it and 86 of its subsidiaries have entered Voluntary Administration. [2] The Grocon predicament began in November 2020 when Daniel Grollo experienced troubles with the latest Grocon projects, in Barangaroo, Sydney and inner-city Melbourne. [18]
In January 2018, Grocon was awarded construction rights for a project in Central Barangaroo, Sydney as a deal with Aqualand and Scentre Group. [18] In 2019, during a court battle with Dexas over a $28 million lease claim they put 2 subsidiaries into voluntary administration. [18] In 2020, during the Covid-19 Pandemic, their only Melbourne based project consisting of a $111 million office development stopped construction, with subcontractors, employees and creditors said to be owed more than $100 million. [18]
Grocon is suing the NSW Government, claiming they lost $270 million during the sale of the Barangaroo Central project to Aqualand for $73 million in 2020, and it is due to be seen in the New South Wales Supreme Court in 2022. [19]
Bruno Grollo married Dina Bettiol in 1965 and they had three children together, Daniel Grollo, Leanna Grollo and Adam Grollo. [20] They were married for 26 years before Dina suffered a stroke which left her severely paralysed until her death, aged 58, in December 2001; Bruno keeps a room in her honour at his house. [21]
On 14 February 2004, Grollo was remarried to Pierina Biondo at St Patrick’s Cathedral in East Melbourne. [22]
In 2014, he revealed in an interview with Melbourne journalist, Ruth Ostrow, of his ongoing struggles with leukemia, melanoma and prostate cancer. Grollo stated, ‘My biggest goal now is staying alive. I’m trying to live long enough to see the success of gene, nano and stem-cell therapies which will keep us alive.’ [21] He now employs a professional team within his Melbourne home in Thornbury, ‘Casa Del Matto’ which translates to House of the Madman in English to research products on the market and new science on anti-ageing and longevity. [21] Grollo stated, ‘This is cutting-edge biology and those young and healthy enough to be around will be able to live indefinitely.’ [21] Grollo takes up to 100 tablets per day, exercises regularly and every day will hang upside down on a machine with a backwards tilt to increase longevity. [21]
Since retiring from the construction industry, stating, ‘buildings are hard work, they’re stressful, they are draining. They’re hard to put up. I’d had enough. I got out.' [21] Bruno has found a passion for meditation and Maharishi yoga and has since invested $3 million into a transcendental meditation college in Watsonia, Victoria. [21] [23] Stating that, ‘The Maharishi said consciousness is everything. It’s the closest thing to what God might be, your consciousness, mine, the dog, the cat, the flowers, the trees… transcendental meditation was the closest thing to euphoria and youth I’ve ever discovered.' [21]
In 1991, Grollo was appointed an Officer of the Order of Australia for service to building and construction and to the community. [24]
In 2006, Grollo was listed in Forbes top 40 richest people in Australia and New Zealand. [25] Bruno Grollo and family were listed on Financial Review 2018 Rich List with an assessed net worth of A$702 million. [26] Bruno Grollo and family did not appear on the 2019 Rich List, although Rino Grollo and his family were independently assessed with a net worth of A$583 million. [27]
Bruno, Rino, and/or their father, Luigi (whilst living), are one of thirteen living Australians who have appeared on every Financial Review Rich List , since it was first published in 1984. [28]
Year | Financial Review Rich List | Forbes Australia's 50 richest | ||
---|---|---|---|---|
Rank | Net worth A$ bn | Rank | Net worth US$ bn | |
2006 [25] | 40 | |||
2014 [29] [30] | ||||
2015 [31] [32] | n/a | not listed | ||
2016 [31] [33] | n/a | not listed | ||
2017 [34] | 0.720 | n/a | not listed | |
2018 [26] | 113 | 0.702 | ||
2019 [27] | n/a | not listed | n/a | not listed |
Legend | |
---|---|
Icon | Description |
Has not changed from the previous year | |
Has increased from the previous year | |
Has decreased from the previous year |
Bruno and his brother, Rino, along with their wives, Dina Bettiol and Diana Ruzzene, became well known in the Melbourne community for being generous philanthropists. [4] They would all often donate to community groups, charities, educational organisations and sporting institutions. [4]
After their mother’s death in December 2001, they established The Emma Grollo Memorial Scholarship in her memory funded by Bruno, Rino and the Grollo Group. The scholarship seeks to provide financial support to students studying Italian language or literature at the University of Melbourne. [35]
Bruno remembers his mother with these words, ‘My mother had a unique ability to keep us united. She managed to keep us united right up until the very end ... and sometimes this was not easy ... Of all her merits, this for me was the greatest.’ [7]
James Douglas Packer is an Australian billionaire businessman and investor. Packer is the son of Kerry Packer, a media mogul, and his wife, Roslyn Packer. He is the grandson of Sir Frank Packer. He inherited control of the family company, Consolidated Press Holdings Limited, as well as investments in Crown Resorts and other companies. He is the former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings, which predominantly owned media interests across a range of platforms, and a former executive chairman of Crown Resorts.
Sir Frank P. Lowy is an Australian-Israeli businessman of Jewish Slovak-Hungarian origins and the former long-time Chairman of Westfield Corporation, a global shopping centre company with US$29.3 billion of assets under management in the United States, United Kingdom and Europe.
Lindsay Edward Fox is an Australian businessman. In 1956, Fox founded the Australian logistics company Linfox, where as of 2015 he serves as non-executive chairman.
Solomon Lew is an Australian businessman. His principal commercial activities involve importing apparel, toys and other goods into Australia from China and investments, mainly in retail companies.
Georgina Hope Rinehart is an Australian billionaire mining magnate and businesswoman. Rinehart is the Executive Chairman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her father, Lang Hancock.
The Grollo Tower was a proposed skyscraper development in the Docklands precinct of Melbourne, Australia. The developer was Grocon, a construction company owned by the Grollo family.
Harry Oskar Triguboff is an Australian billionaire real estate developer, and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry".
John Gandel, an Australian businessman, property developer and philanthropist, made his fortune in the development of commercial real estate as well as shopping centres located in Melbourne, Victoria.
Anthony Joseph Pratt, an Australian businessman and billionaire, is the executive chairman of Visy Industries and Pratt Industries in America, the world's largest privately owned packaging and paper company. He is the son of Richard Pratt, a former manufacturing magnate and former president of the Carlton Football Club, and Jeanne Pratt, a philanthropist.
Grocon is an Australian privately owned development, construction and funds management company. Founded in Melbourne in 1948, it expanded to operate in India and the Middle East. In November 2020, parts of the company were placed in voluntary administration.
The Financial Review Rich List, formerly known as the BRW Rich 200, is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth published annually in The Australian Financial Review Magazine, a supplement of The Australian Financial Review, published by Nine Publishing. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed.
Ruslan Kogan is a serial entrepreneur, and founder and CEO of Kogan.com as well as several other eCommerce-related companies in Australia. He was Australia's richest person under the age of 30 from 2011 to his 30th birthday in November 2012. In 2020, Kogan's net worth was estimated by the Financial Review 2020 Rich List as A$575 million.
Michael Cannon-Brookes is an Australian billionaire business magnate who is the co-founder, and co-CEO of software company Atlassian.
Lloyd Stanley Perron was an Australian businessman and philanthropist.
Dr Shesh Ghale is a Nepalese born Australian businessman, billionaire and the former president of Non Resident Nepali Association (NRNA). Based in Melbourne, Victoria, Ghale is the CEO of Melbourne Institute of Technology (MIT), which he co-founded with his wife, Jamuna Gurung.
Scott Farquhar is an Australian billionaire business magnate who is the co-founder and co-CEO of software company Atlassian. Farquhar often carries the epithet of accidental billionaire after he and his business partner Mike Cannon-Brookes founded Atlassian with the aim to replicate the A$48,500 graduate starting salary typical at corporations without having to work for someone else.
Jamuna Gurung is an Australian businesswomen of Nepalese origin, executive director and managing director of the Melbourne Institute of Technology, in Victoria, Australia, which she co-founded with her husband, Shesh Ghale.
The Financial Review Rich List 2021 is the 38th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 27 May 2021.
Valarie "Larry" Kestelman is an Australian billionaire property developer and businessman. He co-founded internet service provider Dodo in 2001, which was bought out in 2013, and has interests in various other industries via his holding company LK Group. He is also known for his involvement in Australian basketball, including as the majority owner of the National Basketball League (NBL) since 2015.
The Financial Review Rich List 2023 is the 40th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 26 May 2023.
{{cite web}}
: CS1 maint: multiple names: authors list (link)AO/QUEENS B'DAY 1991 GENERAL DIVISION. For service to building and construction and to the community.