Sam Tarascio
Born
Salvatore Tarascio[1]

(1944-06-22) 22 June 1944
Vizzini, Sicily, Italy
NationalityAustralian
OccupationBusinessman
Known for
  • Westgate Logistics (since sold)
  • Salta Properties
SpouseChristine Johnson
Children3

Salvatore "Sam" Tarascio (born 22 June 1944) is an Italian-born Australian billionaire businessman. Tarascio owns a portfolio of commercial and industrial real estate across Melbourne, including a business park, two distribution sites, a large shopping mall and a market.[2] In 1972 Tarascio founded Salta Properties, a privately owned company, after buying swampland and constructing a warehouse for Hoechst.[1] Prior to entering the property market, Tarascio worked in pharmaceutical sales.[3]

Salta Properties is managed by Tarascio's eldest son, also called Sam.[4]

Personal life

Born in Vizzini, Sicily, Tarascio emigrated to Australia in 1949, aged five years, and was raised by Sicilian migrant parents in the Melbourne suburb of Werribee.[3] He is married to Christine Tarascio (née Johnson), and they have three children, Sam (b. 1975), Lisa (b. 1977), and David (b. 1979).

In 2018, Tarascio published an autobiography entitled, My Way.[5]

Tarascio has interests in growing olives and extra virgin olive oil production, with a property located on the Mornington Peninsula.[6] In c. 1930 in Vizzini, Tarascio's grandfather, Salvatore (Turi) Tarascio, commenced the family tradition of olive pressing.[7]

Net worth

Year Financial Review
Rich List		 Forbes
Australia's 50 Richest
Rank Net worth (A$) Rank Net worth (US$)
2015[8][9] 42 Increase $710 million Increase
2016[10][11] 36 Decrease $735 million Increase
2017[12][13] $1.43 billion
2018[14][2] 51 Increase $1.54 billion Increase $1.00 billion
2019[15][16] 46 Increase $1.72 billion Increase 35 Increase $1.22 billion Increase
2020[1] 64 Decrease $1.53 billion Decrease
2021[17] 75 Decrease $1.54 billion Increase
2022 72 Increase $1.69 billion Increase
2023[18] 89 Decrease $1.69 billion Steady
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

Published works

  • Tarascio, Salvatore (2018). My way: Salvatore (Sam) Tarascio. Melbourne, VIC: Coretext Books. ISBN 9780646904085.

References

  1. 1 2 3 Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  2. 1 2 "Sam Tarascio". Forbes. 2018. Retrieved 6 March 2018.
  3. 1 2 Lewis Boucher, Dinah (22 August 2019). "'It Doesn't Matter What Business You Start With': Sam Tarascio on Building an Empire". The Urban Developer. Australia. Retrieved 28 November 2020.
  4. ↑ Brook, Stephen; Hutchinson, Samantha (19 August 2020). "CBD MELBOURNE: Solomon Lew and Salta's Sam Tarascio jnr in pandemic clash". The Age. Retrieved 28 November 2020.
  5. ↑ Tarascio, Salvatore (2018). My way: Salvatore (Sam) Tarascio. Melbourne, VIC: Coretext Books. ISBN 9780646904085.
  6. ↑ "Sam Tarascio produces the good olive oil". The Australian. 20 May 2020. Retrieved 28 November 2020.
  7. ↑ "About Taralinga Estate". Taralinga. 2020. Retrieved 28 November 2020.
  8. ↑ Stensholt, John, ed. (June 2015). "2015 BRW Rich 200". BRW. Sydney. Retrieved 9 June 2015.
  9. ↑ "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  10. ↑ Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved 7 June 2016.
  11. ↑ "Gina Rinehart Loses Her No. 1 Spot". Forbes Asia. 27 January 2016. Retrieved 22 October 2019.
  12. ↑ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
  13. ↑ Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
  14. ↑ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  15. ↑ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  16. ↑ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  17. ↑ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  18. ↑ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.


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