Billionaire Terry Peabody, How Rich Is Transpacific Founder Today?

Terry Peabody had a net worth of a billion in 2021. 

Terry Peabody is one of those wealthiest businessmen in Australia who is not seen as a celebrity figure. Despite his huge wealth, he has remained away from the media. 

However, sources disclosed that it may change now because he has chartered a flight that brought Shane Warne's body back to Australia. So now, people are looking up to find who is this low profile businessman. 

Billionaire Terry Peabody Net Worth 2021

Once a Billionaire, Terry Peabody's net worth was in the millions in 2021. The 82 years old is owns the Craggy Range Winery in New Zealand and operates a $68 million Falcon 7X aircraft with its own charter license under the company's name.

He is no more on the billionaire list. However, he was once known as Australia's "Golden Garbo" for converting other people's trash into a billion-dollar fortune.

Transpacific Industries, his Brisbane waste-management firm, developed rapidly after launching at $2.40 in 2004, swallowing up dozens of rivals and bringing its shares to a high of $14.40 in July 2007. His fortune was valued at $1.05 billion on the 2008 Australian list, as per Forbes

However, the global financial crisis stopped Peabody's debt-fueled acquisition binge, and Transpacific was placed on life support in 2009 until private equity firm Warburg Pincus intervened.

His 37 percent stake was cut in half; he narrowly made a list in 2009 and has not qualified since then. In addition, his wealth reduced to an estimated $380 million as the share price dropped to $1.40 in 2011. 

Following that, he went on to establish a winery named Craggy Range. 

How Rich Is Transpacific Founder Terry Peabody?

Transpacific founder, Terry Peabody, is a multimillionaire at present. However, the exact figure of his fortune is not known yet. 

The global financial crisis in 2008 made it difficult for him to hold off his business of Transpacific. Likewise, he also seems to hold his son responsible for wasting his money. 

As per Daily mail, his son was forced to close four high-end restaurants in 2018 within six months. As a result, Terry cut his son off because he wasted a lot of money on his failed business. 

More To Explore: American Business Tycoon Todd Boehly Among The Potential Buyers Of Chelsea With Above $5 Billion Net Worth

Who Is Terry Peabody Wife or Partner-Is He married?

Terry Peabody is married and has a wife. His spouse is Mary, who also helps him look over their business. 

She has been a great supporter of him. She was said to have looked over Terroir restaurant in 2011. 

Read About: American Real Estate Mogul Stephen Ross Is All Set To Buy Chelsea With His Net Worth Being Above $8 Billion

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