Ronald Alfred Brierley is a New Zealand-born investor and corporate raider, chairman, and director of several companies in Australia, New Zealand, and the UK. He founded R. A. Brierley Investments Ltd in March 1961 with no capital. Ron Brierley was one of New Zealand’s most successful businessmen before he was charged with possessing child abuse material. Brierley was given a 14-month prison term with a 7-month non-parole period on October 14, 2021. Ron Brierley is not Married. Scroll down to learn more about Ron Brierley’s net worth, family, partner, what happened to Ron Brierley, and Child sex abuse conviction.
How much is Ron Brierley’s net worth? How did Ron Brierley make his money?
Ron Brierley’s net worth is estimated to be $220 million. Ron Brierley was one of New Zealand’s most successful businessmen before he was charged with possessing child abuse material. He was famed for spotting companies that were rich in assets and poor returns for investors. Sir Ronald Alfred “Ron” Brierley is a New Zealand investor, corporate raider, chairman, and director of several companies in Australia, New Zealand, and the UK. He founded “R. A. Brierley Investments” (BIL; from October 2007 GuocoLeisure ) in March 1961 with no capital.
By 1984 BIL was the largest company in New Zealand by market capitalization, and in 1987 had 160,000 shareholders, with a stake in over 300 companies, including Paris department store Galleries Lafayette and Air New Zealand. The company’s worth had risen from $1 million in 1962 to $10 billion in 1986, and it was a popular stock among the now fashionable share clubs.
Since Brierley purchased it in 1987 for $3.65 million, the house has remained unsold, but one of Sydney’s most educated real estate specialists thought it would be worth at least $30 million. A two-story apartment in the former Sebel Townhouse Hotel at adjacent Elizabeth Bay was sold by Brierley last week for $4,215,000.The three-bedroom home on the 14th floor features expansive views of Sydney Harbour and the financial center and is surrounded by floor-to-ceiling windows.
Although Brierley is rearranging his assets in preparation for a criminal trial stemming from claims that shook the business community, he will have little trouble covering his legal expenses. The 83-year-old sold his 30% stake in a $51.5 million Auckland real estate development in July for a total of $15.45 million. On December 17 of last year, around 6.30 am, Brierley was detained by Australian Border Force personnel at Sydney Airport as he was getting ready to fly to Fiji.
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Child sex abuse conviction: what happened to Ron Brierley?
Following an anonymous tip-off, Brierley was arrested and detained in December 2019 at Sydney International Airport. A significant amount of child abuse material was found in his carry-on luggage, which led to his arrest. Brierley entered a plea guilty on April 1 to three counts of possessing child abuse materials. On the same day, Jacinda Ardern, the New Zealand Prime Minister, declared that she had begun depriving Brierley of his knighthood. Within three days of the announcement, Brierley renounced his knighthood.
Brierley was given a 14-month prison term with a 7-month non-parole period on October 14, 2021. On February 1st, 2022, the New South Wales Court of Criminal Appeal permitted Brierley’s legal team to contest the sentence. When the court was informed that his health was failing, Brierley was given a new term of 10 months in prison with a 4-month no-parole period. On February 13, 2022, Brierley was subsequently let go from custody.
Due to his Australian citizenship, Brierley is unlikely to be transferred back to New Zealand once his term is complete. If he hadn’t been, the government would still have been able to deport him back to New Zealand forcibly in the upcoming months. Because of recently proposed reforms by the current Morrison that reduced the visa cancellation requirement from 24 to 12 months of imprisonment.
Ron Brierley’s Wife: Does he have children?
Ron Brierley is not Married. According to numerous stories, Ron never had a girlfriend. Nothing is known about his offspring, as well. He most likely didn’t have any sons or daughters.
Ron Brierley wiki/bio: age, education, parents, siblings, education, and nationality
Brierley was born on 2 August 1937 in Wellington to middle-class parents. As of now, he is 85 years old. Szymon has not revealed the names of his parents or the details about his siblings. He went to primary school at Island Bay School and Wellington College. He joined the New Stamp Dealers Federation at Wellington College and launched his first company selling stamps to faculty and employees. He is still one of the world’s largest buyers and sellers of stamps. He is recognized by the name “Lionheart.”
Brierley’s investiture as a Knight Bachelor by the Governor-General, Sir Paul Reeves, at Government House, Wellington, in May 1988. Brierley is a cricket fan, a Trustee of the Sydney Cricket and Sports Ground Trust 1988–96, and President of New Zealand Cricket in 1995. He holds both New Zealand and Australian nationality.
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