WiseTech Global founder Richard White has invested in many ventures, but a disused industrial site is one of the more surprising. It could be a lucrative one.
Adisused Aldi supermarket site in Sydney’s west is an unlikely place for a technology billionaire to put his money. But the two acre plot of land in Fairfield is where WiseTech Global founder Richard White has made one of his biggest personal investments, bankrolling a multimillion-dollar apartment development with a controversial history.
At the heart of the deal is Mark Merhi, a 50-year-old failed property developer who fled to Dubai with corporate debts of $80 million and was a suspect in a firebombing investigation in the mid-2000s. Merhi also happens to be the ex-husband of Zena Nasser, who married White in July. Max Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason
Nick McKenzie is an Age investigative journalist who has twice been named the Graham Perkin Australian Journalist of the Year. A winner of 14 Walkley Awards, he investigates politics, business, foreign affairs, human rights and criminal justice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WiseTech founder Richard White to stand down as CEO of global tech company amid allegations7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Billionaire Richard White steps down as CEO of WiseTech GlobalRichard White has announced he will step down as the CEO of WiseTech Global, effective immediately, after a series of allegations against him wiped billions off the company's share price.
Read more »
WiseTech Global billionaire CEO Richard White steps down as company rocked by allegations of secret affairsThe Australian founder has seen his reputation and fortune hammered by claims including sex in exchange for investment and houses bought for lovers
Read more »
Richard White steps down as WiseTech CEOBillionaire Richard White will step down as chief executive of WiseTech following a series of damaging allegations made about his conduct.
Read more »
WiseTech CEO Richard White stands down amid inappropriate behaviour allegationsWiseTech CEO Richard White has stood down from his position with the company amid a series of allegations of inappropriate behaviour from staffers.
Read more »
Richard White steps down as WiseTech CEOBillionaire Richard White will step down as chief executive of WiseTech following a series of damaging allegations made about his conduct.
Read more »