Net Worth: $380 Million
- Source of Wealth Entrepreneur (Transpacific)
- Nationality Australia
About Terry Peabody
Terry Peabody was once known as Australia’s “Golden Garbo” for turning other people’s garbage into a billion-dollar fortune. His Brisbane waste-management company, Transpacific Industries, grew rapidly after listing at $2.40 in 2004, gobbling up dozens of rivals and pushing its shares to a peak of $14.40 in July 2007. In our 2008 Australian list we put his wealth at $1.05 billion. But the global financial crisis ended Peabody’s debt-fueled acquisition spree–and put Transpacific on life support in 2009 until private equity group Warburg Pincus stepped in. His 37% stake was halved; he barely made the 2009 list and hasn’t qualified since. The share price is down to $1.40 and his fortune has shrunk to an estimated $380 million according to Forbes Magazine.