Sam Tarascio

Salvatore "Sam" Tarascio (born 22 June 1944) is an Italian-born Australian billionaire businessman. Tarascio owns a portfolio of commercial and industrial real estate across Melbourne, including a business park, two distribution sites, a large shopping mall and a market.[3] In 1972 Tarascio founded Salta Properties, a privately owned company, after buying swampland and constructing a warehouse for Hoechst.[1] Prior to entering the property market, Tarascio worked in pharmaceutical sales.[4]

Sam Tarascio
Born
Salvatore Tarascio[1]

(1944-06-22) 22 June 1944
Vizzini, Sicily, Italy
NationalityAustralian
OccupationBusinessman
Known for
  • Westgate Logistics (since sold)
  • Salta Properties
Net worth
Spouse(s)Christine Tarascio (née Johnson)
Children3

Salta Properties is managed by Tarascio's eldest son, also called Sam.[5]

Personal life

Born in Vizzini, Sicily, Tarascio emigrated to Australia in 1949, aged five years, and was raised by Sicilian migrant parents in the Melbourne suburb of Werribee.[4] He is married to Christine Tarascio (née Johnson), and they have three children, Sam (b. 1975), Lisa (b. 1977), and David (b. 1979).

In 2018, Tarascio published an autobiography entitled, My Way.[6]

Tarascio has interests in growing olives and extra virgin olive oil production, with a property located on the Mornington Peninsula.[7] In c. 1930 in Vizzini, Tarascio's grandfather, Nonno Salvatore (Turri) Tarascio, commenced the family tradition of olive pressing.[8]

Net worth
Year Financial Review
Rich List		 Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2015[9][10] 42 $710 million
2016[11][12] 36 $735 million
2017[13][14] $1.43 billion
2018[15][3] 51 $1.54 billion $1.00 billion
2019[16][2] 46 $1.72 billion 35 $1.22 billion
2020[1] 64 $1.53 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

Published works
  • Tarascio, Salvatore (2018). My way: Salvatore (Sam) Tarascio. Melbourne, VIC: Coretext Books. ISBN 9780646904085.

References
  1. 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.
  2. "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  3. "Sam Tarascio". Forbes. 2018. Retrieved 6 March 2018.
  4. Lewis Boucher, Dinah (22 August 2019). "'It Doesn't Matter What Business You Start With': Sam Tarascio on Building an Empire". The Urban Developer. Australia. Retrieved 28 November 2020.
  5. Brook, Stephen; Hutchinson, Samantha (19 August 2020). "CBD MELBOURNE: Solomon Lew and Salta's Sam Tarascio jnr in pandemic clash". The Age. Retrieved 28 November 2020.
  6. Tarascio, Salvatore (2018). My way: Salvatore (Sam) Tarascio. Melbourne, VIC: Coretext Books. ISBN 9780646904085.
  7. "Sam Tarascio produces the good olive oil". The Australian. 20 May 2020. Retrieved 28 November 2020.
  8. "About Taralinga Estate". Taralinga. 2020. Retrieved 28 November 2020.
  9. Stensholt, John, ed. (June 2015). "2015 BRW Rich 200". BRW. Sydney. Retrieved 9 June 2015.
  10. "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  11. Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved 7 June 2016.
  12. "Gina Rinehart Loses Her No. 1 Spot". Forbes Asia. 27 January 2016. Retrieved 22 October 2019.
  13. Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
  14. Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
  15. Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  16. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.


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