Bruno Grollo
Bruno Grollo | |
|---|---|
| Born | Bruno Gordano Grollo 1942 (age 81–82)[1] |
| Nationality | Australian |
| Occupation(s) | Property developer; builder; entrepreneur |
| Known for | Grocon |
| Spouses |
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| Children | 3 |
| Parents |
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Bruno Gordano Grollo AO (born 1942, Melbourne, Victoria) is an Australian businessman, property developer, former Director of Grocon and is noted for his controversy surrounding the Swanston Street Wall incident on 29 March 2013.
Bruno is the son of Luigi Grollo, who founded Grocon, one of Australia’s largest construction companies, in 1948 after immigrating to Australia from Italy. Bruno’s role in his company remains despite handing the title of chief executive and chairman to his son, Daniel Grollo in 1999.
Following public disputes with Infrastructure NSW in 2020, Grocon announced that it and 86 of its subsidiaries have entered Voluntary Administration.[2]
Early life
[edit]Bruno Grollo was born in Melbourne in 1942 and is the son of accountant Emma Girardi (1913-1986) and builder Luigi Arturo Grollo (1909-1994).[3] His grandfather, Giovanni Grollo, was a farmer.[3]
Luigi Grollo emigrated to Australia at 18 years old, due to his adolescent life being rife with war, drought, storms and the death of his mother at 52 years old.[4] He said of the experience growing up in Italy, ‘The following year, 1928, I saw that things were still going bad there. There was another storm that carried off everything. It left only the soles of our feet! Here were some new debts to pay off.’ [4]
Luigi Grollo and his family left their hometown of Arcade, Treviso, Italy after it became a World War I battleground and was no longer habitable.[5] At 18 years old, with his older brother sponsoring him, he boarded the passenger ship named the Principe d’Udine and arrived in Melbourne on 24 July 1928 to start a new life in Australia.[3] His cousin Carlo Zanatta was awaiting his arrival but did not recognise Luigi as they had not been together since he was a young boy.[4] Luigi said of Carlo, ‘He was a good man to me. Zanatta took me to a boarding house in Russell Street, Melbourne. There we stayed all one day and one night. The next morning we left for Healesville to go to work.’ [4]
In 1938, Luigi settled in Carlton and began concreting work, whilst building his construction business, formerly known as L Grollo & Sons, on the weekends, while wife, Emma, helped with bookkeeping and accounts.[5] Luigi’s one-man company began with residential paths, gutters, fireplace foundations and swimming pools before rapidly expanding in the 1950s to become the Grollo Group, transitioning to constructing multiple high-rises in Melbourne.[3]
Bruno had a substantial role in his father’s company whilst growing up; he and his brother would help out, gaining trade experience whilst still at school.[6] He had minimal formal education growing up, recalling his attendance as a ‘series of Catholic schools’ before beginning his career as a labourer.[6] In 1958, at 15 years old, Bruno left school and began his career in construction when he joined his father’s company, of, at the time almost 130 employees.[7] His brother, Rino Grollo, soon after joined the company in 1965.[7] In 1968, after suffering a heart-attack, the patriarch and Director of Grocon, Luigi Grollo, retired and left sons, Bruno and Rino as co-Directors of his company Grocon.[3] Following the stressful period after their mother’s death in 2001, Bruno and Rino divided the company and its assets into two.[4] Bruno headed Grocon Constructions and multiple building assets and in 2003 made his two sons, Adam and Daniel, joint managing directors.[4]
Controversy
[edit]Bruno Grollo has been involved in several media controversies concerning himself and his company, Grocon.
On Trial
[edit]In 1997, Bruno Grollo and co-accuseds John William Flanagan and Robert Charles Howard were acquitted of conspiracy charges.[8] They were accused of bribing a Federal Police officer, Superintendent Lloyd Farrell, and of conspiring to pervert the course of justice.[8] This conspiracy arose from fears surrounding the taxation office in which the court alleged that Grollo had failed to declare $59 million in the process of building the Rialto Towers.[9] Recorded as one of the longest trials in Victorian history, running for 13 months, this investigation into the taxation affairs of the Grollo Group resulted in a not-guilty verdict on all charges for all three men, Grollo, Flanagan and Howard, and ended on 26 June 1997.[9]
Swanston Street collapse
[edit]On 28 March 2013, during wind gusts of up to 102 kilometres per hour (63 mph) a Grocon building site construction wall collapsed on Swanston Street, Melbourne killing three pedestrians walking by.[10] This collapse resulted in the death of Bridget Jones, Alexander Jones and Marie-Faith Fiawoo.[11] This fatal incident in which promotional hoarding incorrectly fastened to a Grocon brick wall, resulted in a court case in which Grocon Victoria Street Pty Ltd pleaded guilty to a charge of failing to warrant a safe workplace.[11] Grollo stated about the incident, ‘I personally, along with all of the directors and employees of Grocon, reiterate our deep regret at the tragic and untimely loss’.[2] The court case against WorkSafe Victoria, concluding in 2014, resulted in a guilty verdict and a $250,000 fine for Grollo’s company, Grocon.[11]
Grocon Constructions
[edit]As the new co-Director of Grocon, Bruno and his company were involved in many of the projects that created Melbourne’s skyline. His projects included the Rialto Towers, the Hyatt Hotel and the Eureka Tower in 2006, which was one of the world’s highest residential towers at the time.[12] Continuing his expansion into Sydney with the Governor Phillip Tower, the Macquarie Towers and 1 Bligh Street, the two-brothers led Australia’s construction industry to new heights.[13]
Grollo Tower
[edit]The Grollo Tower proposal was a $1.7 billion, 500m skyscraper for the Melbourne Docklands, proposed by Bruno as a gift to Melburnians in 1995, but also partially funded by the Victorian public.[14] Bruno stated of the tower, 'It would be a golden building for a golden city for the golden times to come ... it has to put the city on the world map’ .[8] His ambitious ideals underlined many aspects of the company, Grollo stated he wanted, ‘To do something for Melbourne that did what the pyramids did for Egypt, or the Colosseum did for Rome, or the Opera House and Harbour Bridge did for Sydney'.[8] The Grollo Tower, although never coming to fruition, would have been the tallest in the world at that time.[15] The proposal was reviewed again in 2003 for construction to begin in Dubai, commissioned by The Grollo Corporation and Emaar Properties, the largest development company in the Arab Emirates.[16] The $3 billion deal was proposed as an exact replica of the original Grollo Tower, however ultimately the project was cancelled and Bruno’s ambitious skyscraper was never built.[16]
Cyclone Tracy restoration
[edit]On Christmas Day in 1974, Cyclone Tracy destroyed more than 70 percent of Darwin’s buildings, including 80 percent of its houses; this led to the Northern Territory Government signing a contract with the Grollo Group to help with restorations.[17] Both Rino and Bruno were involved in the restoration of the cyclone-torn city, building 400 cyclone-proof houses with various designs for the government.[4] This contract substantially grew their business and by the 1980s, Grocon had a total workforce of over 1,000 employees.[4]
Voluntary administration
[edit]In 2020, following public disputes with Infrastructure NSW, Grocon announced that it and 86 of its subsidiaries had been placed in voluntary administration.[2] The Grocon predicament began in November 2020 when Daniel Grollo experienced troubles with the latest Grocon projects, in Barangaroo, Sydney and inner-city Melbourne.[18]
In January 2018, Grocon was awarded construction rights for a project in Central Barangaroo, Sydney as a deal with Aqualand and Scentre Group.[18] In 2019, during a court battle with Dexus over a $28 million lease claim they put two subsidiaries into voluntary administration.[18] In 2020, during the COVID-19 pandemic, Grocon's only Melbourne based project consisting of a $111 million office development stopped construction, with subcontractors, employees and creditors said to be owed more than $100 million.[18]
Grocon is suing the Government of New South Wales, claiming they lost $270 million during the sale of the Barangaroo Central project to Aqualand for $73 million in 2020, and it is due to be seen in the Supreme Court of New South Wales in 2022.[19]
Personal life
[edit]Bruno Grollo married Dina Bettiol in 1965 and they had three children together, Danie, Leanna and Adam.[20] They were married for 26 years before Dina suffered a stroke which left her severely paralysed until her death, aged 58, in December 2001; Bruno keeps a room in her honour at his house.[21]
On 14 February 2004, Grollo was remarried to Pierina Biondo at St Patrick's Cathedral, Melbourne.[22]
In 2014, he revealed in an interview with Melbourne journalist, Ruth Ostrow, of his ongoing struggles with leukemia, melanoma and prostate cancer. Grollo stated, ‘My biggest goal now is staying alive. I’m trying to live long enough to see the success of gene, nano and stem-cell therapies which will keep us alive.’[21] He now employs a professional team within his Melbourne home in Thornbury, ‘Casa Del Matto’ which translates to House of the Madman in English to research products on the market and new science on anti-ageing and longevity.[21] Grollo stated, ‘This is cutting-edge biology and those young and healthy enough to be around will be able to live indefinitely.’[21] Grollo takes up to 100 tablets per day, exercises regularly and every day will hang upside down on a machine with a backwards tilt to increase longevity.[21]
Since retiring from the construction industry, stating, ‘buildings are hard work, they’re stressful, they are draining. They’re hard to put up. I’d had enough. I got out.'[21] Bruno has found a passion for meditation and Maharishi yoga and has since invested $3 million into a transcendental meditation college in Watsonia.[21][23] Stating that, ‘The Maharishi said consciousness is everything. It’s the closest thing to what God might be, your consciousness, mine, the dog, the cat, the flowers, the trees… transcendental meditation was the closest thing to euphoria and youth I’ve ever discovered.'[21]
In 1991, Grollo was appointed an Officer of the Order of Australia for service to building and construction and to the community.[24]
Net worth
[edit]In 2006, Grollo was listed in Forbes top 40 richest people in Australia and New Zealand.[25] Bruno Grollo and family were listed on the Financial Review Rich List 2018 with an assessed net worth of A$702 million.[26] Bruno Grollo and family did not appear on the 2019 Rich List, although Rino Grollo and his family were independently assessed with a net worth of A$583 million.[27]
Bruno, Rino, and/or their father, Luigi (whilst living), are one of thirteen living Australians who have appeared on every Financial Review Rich List, since it was first published in 1984.[28]
| Year | Financial Review Rich List | Forbes Australia's 50 richest | ||
|---|---|---|---|---|
| Rank | Net worth A$ bn |
Rank | Net worth US$ bn | |
| 2006[25] | 40 | |||
| 2014[29][30] | ||||
| 2015[31][32] | n/a | not listed | ||
| 2016[31][33] | n/a | not listed | ||
| 2017[34] | 0.720 
|
n/a | not listed | |
| 2018[26] | 113
|
0.702
|
||
| 2019[27] | n/a | not listed | n/a | not listed |
| Legend | |
|---|---|
| Icon | Description |
|
Has not changed from the previous year |
|
Has increased from the previous year |
|
|
Has decreased from the previous year |
Philanthropy
[edit]Bruno and his brother, Rino, along with their wives, Dina Bettiol and Diana Ruzzene, became well known in the Melbourne community for being generous philanthropists.[4] They would all often donate to community groups, charities, educational organisations and sporting institutions.[4]
After their mother’s death in December 2001, they established The Emma Grollo Memorial Scholarship in her memory funded by Bruno, Rino and the Grollo Group. The scholarship seeks to provide financial support to students studying Italian language or literature at the University of Melbourne.[35]
Bruno remembers his mother with these words, ‘My mother had a unique ability to keep us united. She managed to keep us united right up until the very end ... and sometimes this was not easy ... Of all her merits, this for me was the greatest.’[7]
References
[edit]- ^ O'Brien, Ilma Martinuzzi (2018). "Grollo, Luigi Arturo (1909–1994)". Australian Dictionary of Biography. National Centre of Biography, Australian National University. Retrieved 10 October 2019.
- ^ a b c Danckert, Sarah (27 December 2020). "How Grocon and Daniel Grollo came down to earth". Sydney Morning Herald. Retrieved 20 April 2021.
- ^ a b c d e Griffin, Helga M. (2021), Nolan, Melanie; Allbrook, Malcolm (eds.), "G", Australian Dictionary of Biography, Volume 19, 1991–1995 (A–Z) (1 ed.), ANU Press, pp. 301–334, doi:10.2307/j.ctv1j9mjkz.15, JSTOR j.ctv1j9mjkz.15, S2CID 242734768, retrieved 17 May 2021
- ^ a b c d e f g h i j Hougaz, Laura (24 December 2014), "The Role of Values in Family Business", Entrepreneurs in Family Business Dynasties, Management for Professionals, Cham: Springer International Publishing, pp. 27–37, doi:10.1007/978-3-319-13918-0_3, ISBN 978-3-319-13917-3, retrieved 17 May 2021
- ^ a b "The rise and fall of Grocon". Australian Financial Review. 9 April 2021. Retrieved 17 May 2021.
- ^ a b "$200 MILLION & MORE". Australian Financial Review. 12 May 1989. Retrieved 17 May 2021.
- ^ a b c Hougaz, Laura (2015), Hougaz, Laura (ed.), "The Creation of an Entrepreneurial Enterprise: The First Generation: The Entrepreneurs", Entrepreneurs in Family Business Dynasties: Stories of Italian-Australian Family Businesses Over 100 Years, Management for Professionals, Cham: Springer International Publishing, pp. 147–175, doi:10.1007/978-3-319-13918-0_8, ISBN 978-3-319-13918-0, retrieved 17 May 2021
- ^ a b c d "Chapter 9Grollotower". Fluid City. Routledge. 7 March 2013. pp. 195–208. doi:10.4324/9780203857809-15 (inactive 13 November 2024). ISBN 978-0-203-85780-9.
{{cite book}}: CS1 maint: DOI inactive as of November 2024 (link) - ^ a b Gurvich, Victoria (25 June 2020). "From the Archives, 1997: Bruno Grollo acquitted of conspiracy charges". The Age. Retrieved 17 May 2021.
- ^ "Grocon charged over Melbourne wall collapse". Australian Financial Review. 28 April 2014. Retrieved 17 May 2021.
- ^ a b c Patty, Clay Lucas, Anna (7 June 2018). "Grocon responsible for safety, coroner rules over fatal wall collapse". The Age. Retrieved 17 May 2021.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ Lesh, James P. (January 2016). "'Why not call ourselves Mutilated Melbourne?' A history of urban heritage at the Rialto Towers". Historic Environment.
- ^ "MYTHS AND LEGENDS ON COLLINS ST". Australian Financial Review. 27 August 1993. Retrieved 17 May 2021.
- ^ Seddon, George; Pike, Jeremy (November 1979). "Landscape studies in Australia". Landscape Planning. 6 (3–4): 255–269. doi:10.1016/0304-3924(79)90032-7. ISSN 0304-3924.
- ^ Kashef, M (2008). "The Race for the Sky: Unbuilt Skyscrapers" (PDF). CTBUH Research Paper. 1: 9–15.
- ^ a b "Grollo tower to go ahead, in Dubai". The Age. 27 February 2003. Retrieved 17 May 2021.
- ^ Waterstreet, Charles (19 December 2009). "A city subtracted". Sydney Morning Herald. Retrieved 17 May 2021.
- ^ a b c d "Grocon puts construction business into administration". Australian Financial Review. 19 November 2020. Retrieved 17 May 2021.
- ^ "Grocon collapse spreads as administration tally rises". Australian Financial Review. 22 February 2021. Retrieved 17 May 2021.
- ^ "Grollo brothers divide empire". Australian Financial Review. 11 January 2000. Retrieved 31 May 2021.
- ^ a b c d e f g h "Built to last, like a bat out of hell". The Australian. 21 March 2014. Retrieved 17 May 2021.
- ^ Hurley, David. "Grollo link to bikie brothers". Herald Sun. Retrieved 17 May 2021.
- ^ "Time out". Australian Financial Review. 9 June 1995. Retrieved 17 May 2021.
- ^ "Officer of the Order of Australia (AO) entry for Mr Bruno Gordano GROLLO". Australian Honours Database. Canberra, Australia: Department of the Prime Minister and Cabinet. 10 June 1991. Retrieved 10 October 2019.
AO/QUEENS B'DAY 1991 GENERAL DIVISION. For service to building and construction and to the community.
- ^ a b "Bruno Grollo, Australia & New Zealand's 40 Richest". Forbes.com. 2006. Retrieved 7 November 2014.
- ^ a b Stensholt, John (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". Australian Financial Review. Fairfax Media. Retrieved 26 May 2018.
- ^ a b Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". Australian Financial Review. Nine Enterainment. Retrieved 31 May 2019.
- ^ Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Archived from the original on 27 July 2014. Retrieved 22 May 2013.
- ^ "BRW Rich 200 list 2014: 34. Bruce Gordon". BRW. Sydney. 27 June 2014. Archived from the original on 30 June 2014. Retrieved 29 June 2014.
- ^ "2014 Australia's 50 Richest". Forbes Asia. January 2014. Retrieved 30 June 2014.
- ^ a b "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. 26 May 2016. Retrieved 26 May 2016.
- ^ "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
- ^ "2016 Australia's 50 Richest". Forbes Asia. January 2016. Retrieved 9 June 2016.
- ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Australian Financial Review. Retrieved 8 June 2017.
- ^ "Emma Grollo Memorial Scholarship | Good Universities Guide". www.gooduniversitiesguide.com.au. Retrieved 17 May 2021.