John Symond is the owner of the Feadship yacht Hasna
John Symond is the founder of the Aussie Group. Aussie is active in the financial services, and known for Aussie Home Loans. When founded in 1992, the company was unique in its approach to home loans, offering 24 hours a day service and lower interest than loans offered by banks. The company is now also active in business loans, private loan, credit cards and insurance.
In 2008 the Australian Commonwealth Bank acquired 33% of the shares of Aussie and in 2012 their shareholding was increased to 80%, with the option to buy 100%. The bank paid AUS$ 71 million for the first 33% and paid another AUS$ 190 million (by transferring 2.74 million ACB shares) for the remaining shares. If we understand the (Financial Disclosures of) the Commonwealth Bank correctly, than the total purchase price for all shares will be AUS$ 374 million. He is now the largest individual shareholder of the ACB Bank. John Symond remains as Executive Chairman of Aussie.
Symond lives with his wife Amber McDonald in a US$ 100 million house in Point Piper, near Sydney. The house is rumored to have cost US$ 50 million, but was listed for sale asking US$ 100 million. The house was later de-
The Net Worth of John Symond is estimated at US$ 600 million. He is one of the richest Australians.