Bruno Grollo

Bruno Gordano Grollo AO (born 1942, Melbourne, Victoria) is an Australian businessman.

Bruno Grollo

AO
Born
Bruno Gordano Grollo

1942 (age 78–79)[1]
Melbourne, Victoria
NationalityAustralian
OccupationProperty developer; builder; entrepreneur
Known forGrocon
Net worth A$702 million (AFR 2018)[2]
Spouse(s)
  • Dina Grollo
    ​
    ​
    (m. 1965; died 2001)​
  • Pierina Biondo
    ​
    (m. 2004)​
Children3
Parents
  • Luigi Grollo (father)
  • Emma née Girardi (mother)

Background and career

Grollo is the son of Luigi Grollo (1909–1994) and his wife, Emma, Italian immigrants who were faced with poverty when they first settled in Australia.[1] Luigi Grollo started a concrete company that is known today as Grocon. Bruno Grollo dropped out of school at fifteen years old to start his career in construction.[3] In late December 1994, Luigi Grollo, the patriarch and founder of Grocon, died and left Bruno and his brother, Rino, joint controlling heirs to his company. At the time of Luigi Grollo's death, the Grollo companies were reported to be worth more than A$350 million.[1]

Bruno and Rino Grollo headed the Australian construction company, Grocon, whose credits include the construction of the tallest buildings in Melbourne, Rialto Towers and Eureka Tower.[4] In 1999, Grollo's sons Adam and Daniel were installed as joint managing directors.[5][6] Today, Grocon employs a fluctuating workforce of 300 to 1,200.[7] Grollo proposed building the tallest building in the world, the Grollo Tower, but construction never commenced.[8]

In 2000 Bruno and Rino Grollo split their business interests, with Rino and family operating the Grollo Group, including property management in the Rialto Towers, commercial property, tourism and property investment.[9] Bruno Grollo and family maintained their interests in Grocon with a focus on property construction.

Personal life

Grollo married Dina in 1965 and they had three children. Dina Grollo died in December 2001. In February 2004, Grollo married Pierina Biondo.[10]

In 1991, Grollo was appointed an Officer of the Order of Australia for service to building and construction and to the community.[11]

Net worth

In 2006, Grollo was listed in Forbes top 40 richest people in Australia and New Zealand.[12] Bruno Grollo and family were listed on Financial Review 2018 Rich List with an assessed net worth of A$702 million.[2] 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.[13]

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.[14]

Year Financial Review
Rich List		 Forbes
Australia's 50 richest
Rank Net worth
A$ bn		 Rank Net worth
US$ bn
2006[12] 40
2014[15][16]
2015[17][18] n/a not listed
2016[17][19] n/a not listed
2017[20] 0.720 n/a not listed
2018[2] 113 0.702
2019[13] 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

References
  1. O'Brien, Ilma Martinuzzi (2018). "Grollo, Luigi Arturo (1909–1994)". Australian Dictionary of Biography. National Centre of Biography, Australian National University. Retrieved 10 October 2019.
  2. Stensholt, John (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Fairfax Media. Retrieved 26 May 2018.
  3. Stone, Deborah (26 February 1995). "A Tall Story". The Sunday Age.
  4. "Developers find new buzzword". The Age. 26 August 2007. Retrieved 7 November 2014.
  5. "Born to build the tradition lives on". Architecture & Design. 3 August 2005. Archived from the original on 13 May 2008.
  6. "Biographical notes: Daniel Grollo" (PDF) (Press release). Grocon. Archived from the original (PDF) on 1 October 2009.
  7. "Employment". Grocon. Archived from the original on 30 December 2009.
  8. "One kilometre high and counting". The Age. 14 July 2007. Retrieved 7 November 2014.
  9. "A pioneering legacy". Grollo Group. n.d. Retrieved 10 October 2019.
  10. "Four weddings and a hint of Versace". The Age. 15 February 2004. Retrieved 10 October 2019.
  11. "Officer of the Order of Australia (AO) entry for Mr Bruno Gordano GROLLO". It's an Honour, Australian Honours Database. Canberra, Australia: Department of the Prime Minister and Cabinet. 10 June 1991. Retrieved 10 October 2019. AO/QUEENS B'DAY 1991 GENERAL DIVISION. For service to building and construction and to the community.
  12. "Bruno Grollo, Australia & New Zealand's 40 Richest". Forbes.com. 2006. Retrieved 7 November 2014.
  13. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  14. Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Archived from the original on 27 July 2014. Retrieved 22 May 2013.
  15. "BRW Rich 200 list 2014: 34. Bruce Gordon". BRW. Sydney. 27 June 2014. Archived from the original on 30 June 2014. Retrieved 29 June 2014.
  16. "2014 Australia's 50 Richest". Forbes Asia. January 2014. Retrieved 30 June 2014.
  17. "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. 26 May 2016. Retrieved 26 May 2016.
  18. "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  19. "2016 Australia's 50 Richest". Forbes Asia. January 2016. Retrieved 9 June 2016.
  20. Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017.

Further reading
  • Hougaz, Laura; Sims, Obi, (cover designer.); Ebooks Corporation (2015), "6.4 The Grollo Family", Entrepreneurs in family business dynasties: stories of Italian-Australian family businesses over 100 years (1st ed.), Springer, pp. 101–110, ISBN 978-3-319-13918-0CS1 maint: multiple names: authors list (link)
  • Hougaz, Laura (2012). "The Grollo Family" (PDF). The Value of Values: A study of three-generational Italian-Australian family businesses in Victoria (PhD). Swinburne University. pp. 334–337. Retrieved 10 October 2019.


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