Despite being a popular show, Shark Tank Australia was canceled after four seasons in August 2019. Luckily for fans, the show returned in 2023 with a new cast. Despite the new faces, the old Sharks were amazing. Here’s a list of the cast and their individual net worth.
Shark Tank Australia Cast Net Worth
1. Glen Richards – $400 Million
As one of the richest men in Australia, it’s no surprise that Glen Richards was picked to be a judge on Shark Tank. Glen joined the show in season two replacing the outgoing John McGrath.
Glen started as a veterinary physician but later turned into a savvy businessman. In 1994, he founded Greencross, the largest pet care company in the nation. Greencross went public on the Australian Securities Exchange in 2007 and was acquired by TPG Capital in 2019.
He also built his wealth as a director of Montserrat Day Clinics and PetBarn. On Shark Tank, his most profitable investment was the furniture startup OneWorld. These ventures have helped him generate a $400 million fortune.
2. Andrew Banks – $300 Million
Andrew Banks has his hand in several industries, but most of his success comes from the human resources sector. He had humble beginnings as an actor, but fell in love with HR after working for an oil company called Elf Aquitaine. It inspired him to start Talent2 International in 2003, a management consultancy firm.
Before this, he was already a big-time venture capitalist and real estate investor. Andrew made one of the largest deals in Shark Tank history with iCapsulate but sadly the company went bust. Despite this, Banks has maintained a $300 million net worth.
3. Janine Allis – $70 Million
Janine Allis is a retail mogul specializing in food and beverage products. At 17 years old, Janine worked as a media assistant, model, and assistant gym manager. In 2000, Allis started a juice business from home and called it Boost Juice. The venture is now a successful franchise with over 580 stores across 13 countries.
After success with Boost Juice, she formed a holding company with her husband. Retail Zoo is the parent company of other businesses including Cibo Espresso and Salsa’s Fresh Mex Grill. Her most notable Shark Tank deals are The T Lady, Her Fashion Box, and Pentablock. Janine Allis’s personal wealth stands around $70 million.
4. Steve Baxter – $50 Million
Steve Baxter is a highly respected tech entrepreneur and investor. He joined the army as an apprentice and became an engineer. Baxter appeared on all four seasons of Shark Tank Australia.
After serving in the military, he used his savings to found the internet service firm SE Net in 1994. Baxter later went on to launch PIPE Networks, River City Labs, and Right Pedal Studios. PIPE Networks is Steve’s main source of wealth as he sold the business for $373 million to SP Telemedia.
Steve was also one of the two investors who made a deal with arguably Shark Tank Australia’s most successful business, QPay. As a result, Baxter has a net worth in the $50 million range.
5. Naomi Simson – $40 Million
Naomi Simson is an inspiration to many female entrepreneurs. Simson is a blogger, author, and media personality who was an original cast member. Naomi made her millions founding RedBalloon, known for selling experiences instead of gifts.
Simson formed Big Red Group, a holding company to develop experience brands like Experience Oz, Lime&Tonic and Adrenaline. With her fame, she has published three business-related books. She was Steve Baxter’s partner in sealing the deal with QPay. Currently, her fortune is estimated to be $40 million.
6. John McGrath – $15 Million
John McGrath made his millions in the property business. However, he may not be very familiar to some fans as he left after the first season.
In 1988, John wanted to reinvent the real estate industry. So, he established McGrath Estate Agents, now known as McGrath Ltd. Today it’s regarded as one of Australia’s “largest real estate networks.”
Though his stint on Shark Tank was short, he still got to offer some deals on the show, most notably with Charli Chair. Today, he is still an active businessman with a net worth of $15 million. According to The Sydney Morning Herald, John had a $16 million gambling debt in 2018. As of April 2024, McGrath Ltd is worth around AUD$95 million.
The New Sharks and Their Wealth
- Robert Herjavec – $200 million
- David Fogarty – $175 million
- Catriona Wallace – $100 million
- Sabri Suby – $75 million
- Jane Lu – $55 million
