Shaun Bonétt
{{Short description|Australian businessman}}
{{Use dmy dates|date=April 2014}}
{{Use Australian English|date=April 2014}}
{{Infobox person
|name = Shaun Bonétt
|image = Shaun Bonétt, 2021.jpg
|birth_name = Shaun Keith Alfred Bonétt
|birth_date = {{Birth date and age|1971|01|01|df=y}}
|birth_place = London, England, UK
|death_date =
|death_place =
|death_cause =
|resting_place =
|nationality = {{ubl|Australian|British|Maltese}}
|other_names =
|known_for =
|education = Saint Ignatius' College, Adelaide
|alma_mater = {{ubl|University of Adelaide|University of South Australia}}
|occupation = Entrepreneur and property developer
|height =
|spouse = {{marriage|Vanessa Bonétt (née Baron)|2004}}
|partner =
|children = 2
|parents = Anton and Marlene Bonétt
|relatives =
|signature =
|awards = Sovereign Military Order of Malta
Honorary Doctorate (University of South Australia)
}}
Shaun Bonétt (born 1 January 1971) is an Australian entrepreneur{{cite web|url=http://www.adelaide.edu.au/lumen/issues/18921/news18945.html?q=Shaun%20Bonett|title=$220 million reasons to smile|last=Gibson|first=Candy|work=Lumen |publisher=The University of Adelaide |date=Winter 2007 |access-date=23 January 2016}} and property developer who founded and is CEO of Precision Group.{{cite web|url=http://www.smh.com.au/news/business/hes-the-new-kid-the-very-rich-block/2007/09/26/1190486385842.html|title=New kid on the very rich block|date=26 September 2007|work=The Sydney Morning Herald|access-date=23 January 2016}}{{cite web|url=http://www.brw.com.au/p/lists/rich-200/2013/shaun_bonett_CUQZgKBRDBBDVaoIHFwetM|title=Shaun Bonett|date=22 May 2013|work=BRW|access-date=23 January 2016}}
Early life
Shaun Bonétt was born in London, England, to parents of Australian and Maltese descent, Marlene and Anton Bonétt, the latter of whom was an oncologist for the World Health Organization.{{cite web|url=http://www.doi-archived.gov.mt/EN/press_releases/2009/09/pr1600.asp|title=Department of Information|date=25 September 2009|publisher=Department of Information - Malta|access-date=24 January 2016|quote=Mr Shaun Bonett is the son of the late Dr Anton and Mrs Marlene Bonett. Dr Anton Bonett was a cancer specialist who came to Australia with the World Health Organization in the late 1970s.|archive-url=https://web.archive.org/web/20150928074821/http://www.doi-archived.gov.mt/EN/press_releases/2009/09/pr1600.asp|archive-date=28 September 2015|url-status=dead|df=dmy-all}} Bonett moved to Australia in 1978{{cite web|url=http://www.timesofmalta.com/articles/view/20070928/local/maltese-property-developer-tops-australias-young-rich-list.3769|title=Maltese property developer tops Australia's young rich-list|last=Grech|first=Herman|date=28 September 2007|work=Times of Malta|access-date=24 January 2016}} and studied at Saint Ignatius College, in Adelaide. In the 1980s, Bonétt worked as a law clerk in Adelaide, and studied at the University of Adelaide, graduating in 1991 with a Bachelor of Laws and Arts.{{cite web|url=http://www.theaustralian.com.au/archive/business-old/precision-timing-pays-off/story-e6frg9gx-1111117574440|archive-url=https://archive.today/20121231062210/http://www.theaustralian.com.au/archive/business-old/precision-timing-pays-off/story-e6frg9gx-1111117574440|url-status=dead|archive-date=31 December 2012|title=Shopping centre magnate Shaun Bonett took risks early on|last=Carter|first=Bridget|date=25 September 2008|work=The Australian|access-date=23 January 2016}} Bonétt is also a graduate of the University of South Australia.{{cite press release |url=https://invest.cityofadelaide.com.au/blog/retail-game-changer-challenge/ |title=UniSA and Precision Group present retail game-changer challenge with $25,000 prize |publisher=City of Adelaide |date=5 April 2019 |access-date=22 November 2020 }}{{cite web |url=http://w3.unisa.edu.au/alumni/alumninews/2019/BAU/issue7/STORY_6.html |title=UniSA PhD students reinvent retail therapy wheel |work=Alumni Business News |publisher=University of South Australia |date=2019 |access-date=22 November 2020 }}
Career
Bonétt worked for the law firm Thomson Simmons & Co from 1990 to 1996 and then as a Senior Associate at Phillips Fox Lawyers from 1996 to 1998.
In 1994 when he was 24 years old, Bonétt founded Precision Group, a property investment and management company, and was involved in the re-positioning of MacArthur Central,{{cite web|url=http://www.afr.com/p/business/property/item_Nx442XWyvFdYFhfgn3rMAN|title=Precision swaps offices for shops|date=25 May 2006|work=The Australian Financial Review|access-date=23 January 2016|archive-url=https://web.archive.org/web/20141111020108/http://www.afr.com/p/business/property/item_Nx442XWyvFdYFhfgn3rMAN|archive-date=11 November 2014|quote=Precision Group founder Shaun Bonett is already planning how to reposition Brisbane's MacArthur Central Shopping Centre, which he acquired yesterday for $119.5 million.}} and collaborated with the Bank of China to purchase the Chevron Renaissance Shopping Centre.{{cite web|url=http://www.afr.com/real-estate/commercial/investment/bank-of-china-backs-gold-coast-centre-apple-a-likely-tenant-20150226-13q3ly|title=Bank of China backs Gold Coast centre: Apple a likely tenant|last=Cranston|first=Matthew|date=27 February 2015|work=The Australian Financial Review|access-date=23 January 2016|archive-url=https://web.archive.org/web/20150929043044/http://www.afr.com/real-estate/commercial/investment/bank-of-china-backs-gold-coast-centre-apple-a-likely-tenant-20150226-13q3ly|archive-date=29 September 2015}} Bonétt also negotiated the establishment of a Tiffany & Company outlet in Adelaide Central Plaza, along with three other international retailers,{{cite web|url=http://www.adelaidenow.com.au/business/louis-vuitton-chanel-and-topshop-in-talks-to-open-adelaide-stores/story-fni6uma6-1226704626555|title=Louis Vuitton, Chanel and Topshop in talks to open Adelaide stores|last=Tauriello|first=Giuseppe|date=26 August 2013|work=The Advertiser|access-date=23 January 2016}} including David Jones.{{cite web|url=https://www.insideretail.com.au/blog/2013/10/17/revamp-sa-plaza/|title=Revamp for SA plaza|date=17 October 2013|work=Inside Retail|access-date=23 January 2016}}
In 2003 Bonétt joined the board of directors of iSelect Health & Life Insurance, in 2005 he joined the board of Lenders Direct, and in 2007 he joined the board and became Chairman of Litigation Lending Services. In 2018 Bonétt acquired a material stake and board seat in the data analytics ASX listed company Skyfii Limited.{{cite news |author=Lenaghan, Nick |title=How a shopping centre owner targets consumers in $133m revamp |url=https://www.afr.com/real-estate/how-a-shopping-centre-owner-targets-consumers-in-133m-revamp-20180608-h115xq |date=13 June 2018 |newspaper=The Australian Financial Review |access-date=27 January 2019}}
In May 2006, Bonétt negotiated one of the largest property swap transactions in Australian history, when he swapped Precision Group's property at 160 Ann Street, Brisbane for MacArthur Central in Brisbane, in a $186 million swap transaction.
In 2010 Bonétt's Precision Group was the first private Australian businesses to undertake various finance transactions with the Bank of China and Bonétt subsequently made submissions to the Foreign Investment Review Board ("FIRB") to enable more Australian businesses to access loans from International banks without having to first obtain FIRB approval.{{cite news | last1=Cranston | first1=Matthew | title=Bank of China backs Gold Coast centre: Apple a likely tenant | url=https://www.afr.com/real-estate/commercial/investment/bank-of-china-backs-gold-coast-centre-apple-a-likely-tenant-20150226-13q3ly | date=27 February 2015 | newspaper=The Australian Financial Review | access-date=27 January 2019}} In 2015 Bonétt also actively supported and made representations to Government for Australia's free trade agreement with China.{{cite web|url=https://www.afr.com/real-estate/rich-lister-shaun-bonett-says-china-free-trade-will-underpin-property-values-20150901-gjc6wo|title=Rich Lister Shaun Bonett says China free trade will underpin property values|last=Cranston|first=Matthew|date=2 September 2015|work=The Australian Financial Review|access-date=27 January 2019}}
In 2022, the University of South Australia conferred to Bonétt an honorary doctorate.{{cite web |last1=England |first1=Cameron |title=Standing by good friend Christine Holgate was a question of values, Shaun Bonett says |url=https://www.theaustralian.com.au/business/leadership/standing-by-good-friend-christine-holgate-was-a-question-of-values-shaun-bonett-says/news-story/1461d483a14971fd812041b94b336a66 |website=The Australian |date=May 10, 2022}}
Personal life
In 2004, Bonétt married model, Vanessa Baron. {{as of|2021}}, they have a daughter, Eve, and a son, Gabriel.{{cite web |author=Cassar, Josanne |url=https://www.independent.com.mt/articles/2007-09-09/local-news/The-Next-generation-179026 |title=The Next generation |work=The Malta Independent |date=9 September 2007 |access-date=22 November 2020 }}{{cite web |last1=Wayne |first1=Michael |title=Shaun Bonétt and Trevor Dill, Managing Director and COO of Precision Group |url=https://www.theceomagazine.com/executive-interviews/property-real-estate/shaun-bonett-and-trevor-dill/ |website=The CEO Magazine |date=November 17, 2021}}
= Net worth =
Bonétt debuted on the Business Review Weekly (BRW) Young Rich List in 2006 placing third with a net worth of {{AUD}}220 million{{cite news |title=Wealth: simple as ABC |url=https://www.smh.com.au/business/wealth-simple-as-abc-20060914-gdodu1.html |date=14 September 2006 |newspaper=The Sydney Morning Herald |access-date=18 February 2019}}{{cite web|url=http://www.smh.com.au/news/business/wealth-simple-as-abc/2006/09/13/1157827005998.html|title=Wealth: simple as ABC|date=13 September 2006|work=The Sydney Morning Herald|access-date=24 January 2016|quote=The chief executive of ABC Learning Centres is now Australia's richest person aged 40 years and under, the latest annual BRW Young Rich list shows...Property developer Shaun Bonett debuted on the list at No. 3, with $220 million.}} and was ranked as Australia's Richest Person 40 and Under in 2007–2008.{{cite news |title=New kid on the very rich block |url=https://www.smh.com.au/business/new-kid-on-the-very-rich-block-20070927-gdr7bk.html |date=27 September 2007 |newspaper=The Sydney Morning Herald |access-date=18 February 2019}} {{as of|2023|05}}, Bonétt's net worth was estimated by The Australian Financial Review to be {{AUD}}2.31 billion. In 2019 Bonétt's net worth was estimated by The Australian to be {{AUD}}1.17 billion (79th rank).{{cite news |title=The List — Australia's Richest 250 |url=https://www.theaustralian.com.au/business/australias-richest-250 |newspaper=The Australian |access-date=1 April 2019}}
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References
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External links
- [http://www.precision.com.au/board-of-directors Shaun Bonétt - Precision Group]
{{DEFAULTSORT:Bonett, Shaun}}
Category:University of Adelaide alumni
Category:University of South Australia alumni
Category:Australian businesspeople
Category:Australian billionaires
Category:Australian people of Maltese descent
Category:English people of Australian descent
Category:English people of Maltese descent