MICHAEL BUXTON • Net Worth $400 Million • House • Yacht • Private Jet • MAB Corporation

Name:Michael Buxton
Net Worth:US$ 0,4 billion
Source of Wealth:MAB Corporation
Private Jet:Pls send a message if you have info
Yacht:Black Pearl

A Life Defined by Real Estate and Philanthropy: Who is Michael Buxton?

Michael Buxton, born in 1945, has earned a prestigious name for himself in the Australian real estate scene. He enjoys the company of his wife, Janet Buxton, and his extensive journey in the realm of property development began in 1976 when he co-founded Becton Corporation with Max Beck. Known for its wide-ranging property development and construction projects, Becton Corporation soon became a recognizable name in the industry.

Key Takeaways:

  • Michael Buxton is a renowned figure in Australian real estate, with over 40 years of experience in the field.
  • He co-founded the Becton Corporation in 1976, which marked the beginning of his impactful career.
  • After selling Becton Corporation, he founded the MAB Corporation in 1994, a leading company in property development in Melbourne.
  • Buxton is a passionate art collector, evidenced by his establishment of The Michael Buxton Contemporary Australian Art Collection.
  • His impressive career has resulted in an estimated net worth of $350 million.

The Birth of MAB Corporation: A New Chapter

After the sale of Becton Corporation in 1994, Buxton embarked on a fresh endeavor by establishing the MAB Corporation. This Melbourne-based firm further solidified Buxton’s reputation as a significant player in property development, dealing in commercial, residential, retail, and industrial properties. MAB Corporation’s impact on Melbourne’s cityscape is undeniable, with around $1.5 billion in completed or initiated projects to its name. Annually, it boasts approximately $200 million in sales, backed by net assets nearing the $200 million mark.

Michael Buxton: A Patron of Australian Art

Buxton’s interests extend beyond property development. He is renowned for his love for art, especially Australian artists. In 1996, he established The Michael Buxton Contemporary Australian Art Collection, a testament to his passion for the country’s art scene and a notable contribution to the cultural landscape.

The Wealth of Michael Buxton

Buxton’s diligent efforts in property development and passion for art have led to a substantial accumulation of wealth. His estimated net worth stands at around $350 million, reflecting the successful career trajectory of this influential Australian real estate mogul.

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Yacht Black Pearl Owner

Michael Buxton

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Michael Buxton House

Buxton Yacht Black Pearl

He is the owner of the motor yacht Black Pearl.

The MY Black Pearl is a stunning luxury motor yacht built by Diverse Projects in 2011, boasting design by LOMOcean Design Ltd.

Powered by Caterpillar engines, she offers a top speed of 14 knots, a cruising speed of 11 knots, and a range of over 3000 nautical miles.

Accommodating 10 guests and a crew of 6, the Black Pearl yacht offers a perfect blend of elegance and comfort.