Ainsworth now devotes most of his time to medical charities after a false cancer diagnosis in saw him give up control of his first pokie-making business, Aristocrat.
The warehousing and distribution company delivers in excess of 2. Casella exports 80 per cent of its product to the US and the declining Australian dollar has served to make it even more popular. While there have been some legal issues within the family, Casella has recently bought a number of brands including Peter Lehmann, Morris Wines and Baileys of Glenrowan.
That helped Karedis to establish the Arkadia private property group which now owns three hotels and 16 retail and homemaker centres across the east coast of Australia. His other investments include farming and properties in his home town of Dunkeld, Victoria, including the Royal Mail Hotel.
Although his Australian Pub Fund venture with former Qantas boss Geoff Dixon has sold a number of its pubs recently, Singleton does still have holdings in a number of venues. The group recently added the Bells Hotel on Woolloomooloo Wharf to its portfolio. One in five people on JobKeeper payments are receiving more money through the wage subsidy than they usually earn.
JobKeeper is due to cease at the end of September but the Morrison government wants to create a smooth transition and will target support to industries pummelled by the crisis. The crisis has also driven a structural shifts to workplaces. More people will work from home and companies will be forced to make hard decisions on just how many people are necessary to get the job done, Mr Whyte believes.
During lockdown Mr Whyte felt more people would emerge less busy. But as restrictions ease, he does not think this is necessarily the case. Life is snapping back. But Mr Whyte is making himself less busy. I think you do want to improve the quality of your life for the rest of your life. Mr Whyte said while most of us realised how important human connection was, he realised that perhaps it was best to invest more time in fewer people.
The pandemic's impact may simply pause a way of life for some. But for others, including himself, it will leave lasting change. I think I have to develop a totally different interest. I have to go into my brain a bit more and do a bit more brain feeding. Skip to navigation Skip to content Skip to footer Help using this website - Accessibility statement. Wealth People Lessons from Lockdown Print article. Julie-anne Sprague Rich List editor. Jul 6, — Save Log in or Subscribe to save article.
Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia.
Connect with Julie-anne on Twitter. Email Julie-anne at jsprague afr.
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