Banking

Kostas Makris Net Worth

Net Worth: $850 Million

Age: 80

DOB: 1943

Birthplace: Ligourio, Greece

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Affectionately known as ‘Con’, Kostas Makris is a Greek born, Australian businessman who has has accumulated a significant fortune in his business career.

Currently ranking among the world’s richest Greeks, Makris is also one of the 50 richest people living in Australia. Additionally, he sits at number 36 in the Top 200 Rich List according to the Business Review Weekly.

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Below is a little bit more about his life and how he made his fortune.


Early Life and Career

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Makris was born in the Greek town of Ligourio, which is located around the middle of section of the Argolis prefecture.

When he was young his family relocated to Holargos in the suburb of Athens. However, during his formative years, life was pretty tough and he had to work at the age of 12 to help make ends meet.

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

At the age of 16 he made the decision to emigrate to Australia in an attempt to make some money before returning to his homeland.

He began working in a foundry before turning his attention to the property industry, initially buying a number of fast food eateries, before venturing into bigger projects.


Makris Group

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

As his interest in the property sector grew, Con set up the Makris Group. Today the company employs 25 people and has substantial interests in sub-regional shopping centres. Based in South Australia, the successful retail property group currently owns the following assets in their portfolio:


Shopping centres

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Adelaide City Cross Shopping Centre

Bonnyrigg Plaza (New South Wales)

Endeavour Hills Shopping Centre

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Gilles Plains Shopping Centre

Hallett Cove Shopping Centre

Marina Pier Holdfast Shores

North Adelaide Village Shopping Centre

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

In addition to the shopping centres, the group also owns a hotel, development site and a couple of other CBD based office buildings. They include:

The Oxford Hotel (North Adelaide)

88 O’Connell Street in North Adelaide (formerly the site of LeCornu)

Manpower House (Adelaide CBD)

Optus Centre (Adelaide CBD)


Gold Coast Investments

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

While much of Kostas business dealings have centred around South Australia, in recent times he has also been investing in the Gold Coast in Queensland, presumably to exploit its commercial potential.

He well and truly made his mark in Australia’s most famous tourist destination by spending $55 million to buy the Marina Mirage, a glitz shopping mall housing luxury stores that sell products from reputable brands worldwide. He also acquired the marina in front of the mall, where wealthy visitors’ can dock their luxury yachts.

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Recently, Makris bought a second shopping mall in the area, The Oracle, for which he reputedly forked out $70 million, a price which included the grand hotel that towers above it. This centre has 60 shops, three historic towers and approximately 300 parking spaces.

This acquisition overshadows all of his previous purchases – with an assessed value is $350 million. Making him the king of the commercial real estate in the Gold Coast area.


Personal Life

KOSTAS MAKRIS NET WORTH

Image Source- Instagram

Makris has five children, all of which are adults.

For a short time he was also the chairman of Panachaiki, the team he supported as a boy. However, his time at the helm was not particularly successful.