266:, recruitment agency First Avenue, investment firm Oxygen Ventures, digital content firm Newsmodo, human resources firm Wall Street, customer loyalty provider Infinite Rewards, and software companies eCal, eTaskr and Saisei. In 2020, LK Group's private equity arm Queens Lane Capital acquired womenswear retailer PAS Group, which owns the Review, Black Pepper and Yarra Trail brands. In 2021 it acquired footwear and fashion retailer
639:
625:
573:
564:
544:
532:
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483:
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611:
238:
with his cousin
Michael Slepoy and Russian-born Igor Gilenko. He took a 49 percent stake in the company, with Slepoy holding 28 percent and Gilenko 23 percent. The business grew rapidly with a focus on simplifying customer billing, including providing fixed-price plans and unlimited downloads.
189:
in exchange for a A$ 7 million equity stake. The league was in financial distress with a number of teams close to collapse. In his first year as league owner
Kestelman negotiated a new television rights deal, the revival of the
1116:
959:
145:
and his mother working as a laboratory assistant at a blood bank. He grew up in
Melbourne's south-eastern suburbs, attending Murrumbeena High School before going on to study accounting at
1146:
1349:
668:
1027:
702:
243:(ACCC) investigation into misleading advertising. The company was not fined but was ordered to compensate customers and carry out a trade practices compliance programme.
239:
However, in 2003 Kestelman and fellow Dodo director Mark
Baranov were found to have knowingly engaged in "misleading, deceptive and unconscionable conduct", following an
1354:
226:
that would be reportedly be the tallest building in
Melbourne outside of the central business district. He retained the penthouse of the development for his own use.
1212:
1364:
828:
240:
1280:
1384:
1247:
1359:
1344:
1179:
1049:
1106:
906:
1379:
932:
776:
186:
111:
84:
1138:
750:
1389:
1374:
262:
Kestelman's holding company is the LK Group. As of 2017 his interests outside of property included
Philippines-based call centre provider
723:
130:. His father was an electrical engineer and his mother was a gynaecologist. The family emigrated when he was 11 years old as part of
1399:
1017:
194:, and a revamp of the league's brand identity and digital platform. He subsequently increased his stake in the NBL to 94 percent.
1394:
353:
306:
1202:
274:, Shoes & Sox, and Shoe Warehouse. In April 2023,Queens Lane Capital purchased bed and mattress company Snooze from
1270:
1075:
1275:
1242:
1207:
1174:
1080:
1022:
337:
302:
146:
64:
1236:
1339:
342:
988:
203:
131:
110:
LK Group. He is also known for his involvement in
Australian basketball, including as the majority owner of the
1169:
1334:
802:
223:
1369:
219:
215:
854:
141:
Kestelman arrived in
Australia at the age of 12, with his father finding work as a draftsman with
207:
669:"Everyone told him his passion project was crazy. But billionaire Larry Kestelman had a vision"
170:
Kestelman became interested in basketball as a spectator in the 1990s. He began sponsoring the
150:
106:
in 2001, which was bought out in 2013, and has interests in various other industries via his
267:
191:
179:
171:
154:
880:
275:
174:
NBL team in the early 2000s and acquired the team in 2012, immediately sacking head coach
107:
1050:"Melbourne property developer Larry Kestelman the second highest debutant on Rich List"
965:
288:
202:
Kestelman began investing in property at a young age, starting with a block of land in
175:
127:
45:
1328:
1102:
539:
318:
271:
235:
103:
78:
703:"Larry Kestelman: The Melbourne millionaire putting the bounce back into basketball"
135:
246:
Dodo claimed revenues of $ A80 million by 2005 and received a takeover offer from
987:
Sier, Jessica; Thompson, Sarah; Sood, Kanika; Macdonald, Anthony (12 July 2022).
348:
263:
99:
313:
749 million. As of May 2023, Kestelman's net worth was assessed at
1139:"Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars"
376:
363:
293:
211:
102:
property developer and businessman. He co-founded internet service provider
1107:"Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax"
292:
Young Rich List in 2005 with Dodo co-founder Igor
Gilenko, with a shared
251:
777:"Larry Kestelman didn't buy a basketball club, he bought the entire NBL"
247:
222:. In 2015 he launched Capitol Grand, a 50-storey residential tower in
178:. In 2014 he controversially announced that the team would rebrand as
1111:
142:
234:
In
September 2001, Kestelman established internet service provider
829:"Buyers fail to pay up in glittering South Yarra mega development"
123:
41:
1302:
380:
367:
185:
In 2015, Kestelman secured a majority 51 percent stake in the
960:"Larry Kestelman awake to more buys after snapping up Snooze"
933:"Larry Kestelman's LK Group snaps up Shoes & Sox owner"
1170:"2018 AFR Rich List: Who are Australia's richest people?"
1234:
Bailey, Michael; Sprague, Julie-anne (30 October 2020).
907:"Inside the birth and death of a junior telco M2 Group"
1269:
Bailey, Michael; Sprague, Julie-anne (27 May 2021).
1237:"The full list: Australia's wealthiest 200 revealed"
1074:
Bailey, Michael; Sprague, Julie-anne (26 May 2023).
134:leaving the Soviet Union, living for six months in
70:
60:
52:
30:
23:
1235:
958:
751:"Melbourne Tigers to change their name to United"
827:Hope, Zach; Hutchinson, Samantha (17 May 2020).
250:which was rejected. Dodo was ultimately sold to
241:Australian Competition & Consumer Commission
214:, later expanding to large apartment blocks in
1271:"The 200 richest people in Australia revealed"
1076:"The 200 richest people in Australia revealed"
1350:Australian people of Ukrainian-Jewish descent
8:
138:, Italy, before securing Australian visas.
1069:
1067:
1011:
1009:
696:
694:
692:
690:
20:
1203:"Australia's 200 richest people revealed"
848:
846:
844:
842:
1355:Australian businesspeople in real estate
586:
329:
660:
1365:National Basketball League (Australia)
617:Has not changed from the previous year
1215:from the original on 3 September 2019
724:"Tigers in shock as coach stood down"
701:Marshall, Konrad (1 September 2017).
7:
1385:Businesspeople in telecommunications
1250:from the original on 30 October 2020
1168:Stensholt, John, ed. (25 May 2018).
1119:from the original on 10 October 2019
1016:Stensholt, John, ed. (25 May 2017).
801:Desiatnik, Shane (26 October 2018).
645:Has decreased from the previous year
631:Has increased from the previous year
1149:from the original on 15 August 2019
879:Walters, Kath (27 September 2007).
853:Walters, Kath (15 September 2005).
775:Stensholt, John (10 October 2015).
300:87 million. He debuted on the
1030:from the original on 6 August 2018
803:"Bringing basketball back to life"
14:
1018:"Financial Review Rich List 2017"
989:"Snooze deal lies down for a nap"
957:Carter, Bridget (24 April 2023).
1360:Australian sports businesspeople
1345:Ukrainian emigrants to Australia
1283:from the original on 27 May 2021
1182:from the original on 26 May 2018
638:
637:
624:
623:
609:
572:
571:
563:
562:
543:
542:
531:
530:
511:
510:
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482:
481:
473:
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453:
452:
444:
443:
424:
423:
415:
414:
395:
394:
1201:Bailey, Michael (30 May 2019).
309:with an estimated net worth of
931:Mitchell, Sue (21 July 2021).
905:Ramli, David (19 March 2016).
610:
157:department of a tyre company.
122:Kestelman was born in 1966 in
1:
1380:Businesspeople from Melbourne
210:residential lots to building
98:(born 1966) is an Australian
577:
557:
548:
525:
516:
496:
487:
467:
458:
438:
429:
409:
400:
390:
254:for $ A204 million in 2014.
1390:Technology company founders
1375:Australian company founders
1307:Australian Financial Review
1276:Australian Financial Review
1243:Australian Financial Review
1208:Australian Financial Review
1175:Australian Financial Review
1081:Australian Financial Review
1052:. Urban.com.au. 25 May 2017
1023:Australian Financial Review
993:Australian Financial Review
937:Australian Financial Review
911:Australian Financial Review
885:Australian Financial Review
859:Australian Financial Review
781:Australian Financial Review
579:
569:
550:
537:
518:
508:
489:
479:
460:
450:
431:
421:
402:
392:
338:Australian Financial Review
132:a wave of Jewish immigrants
38:1966 (age 57–58)
1416:
187:National Basketball League
112:National Basketball League
85:National Basketball League
749:Ward, Roy (19 May 2014).
673:The Sydney Morning Herald
589:
346:
335:
332:
286:Kestelman debuted on the
96:Valarie "Larry" Kestelman
1400:Australian sports owners
1395:Australian billionaires
270:, whose brands include
153:. His first job was in
807:Australian Jewish News
354:Australia's 50 Richest
16:Australian businessman
755:Sydney Morning Herald
855:"High-speed connect"
570:$ 1.27 billion
198:Property development
1246:. Nine Publishing.
1211:. Nine Publishing.
1145:. 1 November 2017.
509:$ 785 million
480:$ 760 million
451:$ 722 million
422:$ 784 million
393:$ 749 million
230:Telecommunications
114:(NBL) since 2015.
1340:People from Odesa
1115:. Private Media.
675:. 20 October 2023
650:
649:
646:
632:
618:
604:
599:
592:
583:
582:
93:
92:
35:Valarie Kestelman
1407:
1319:
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1314:
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1189:
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1128:
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837:
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789:
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772:
766:
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746:
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398:
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330:
323:Financial Review
316:
312:
303:Financial Review
299:
268:Brand Collective
206:. He moved from
192:Brisbane Bullets
180:Melbourne United
172:Melbourne Tigers
155:accounts payable
147:Victoria College
83:Majority owner,
65:Victoria College
21:
1415:
1414:
1410:
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1406:
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1185:
1183:
1167:
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1162:
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1137:
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1132:
1122:
1120:
1105:(26 May 2017).
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941:
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929:
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913:
904:
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584:
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469:
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440:
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411:
410:
352:
341:
314:
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297:
284:
276:Greenlit Brands
260:
258:Other interests
232:
204:Caulfield South
200:
168:
163:
161:Business career
120:
108:holding company
89:
61:Alma mater
48:
39:
37:
36:
26:
25:Larry Kestelman
17:
12:
11:
5:
1413:
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1337:
1327:
1326:
1321:
1320:
1294:
1261:
1226:
1193:
1160:
1130:
1103:Mayne, Stephen
1094:
1063:
1041:
1005:
979:
966:The Australian
949:
923:
897:
871:
838:
819:
793:
767:
741:
715:
686:
659:
658:
656:
653:
648:
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628:
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619:
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581:
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568:
556:
552:
551:
549:
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399:
391:
389:
385:
384:
374:
371:
361:
357:
356:
345:
334:
328:
327:
307:2017 Rich List
283:
280:
259:
256:
231:
228:
199:
196:
176:Trevor Gleeson
167:
164:
162:
159:
119:
116:
91:
90:
88:
87:
81:
74:
72:
71:Known for
68:
67:
62:
58:
57:
54:
50:
49:
40:
34:
32:
28:
27:
24:
15:
13:
10:
9:
6:
4:
3:
2:
1412:
1401:
1398:
1396:
1393:
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1386:
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1378:
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1368:
1366:
1363:
1361:
1358:
1356:
1353:
1351:
1348:
1346:
1343:
1341:
1338:
1336:
1335:Living people
1333:
1332:
1330:
1308:
1304:
1298:
1295:
1282:
1278:
1277:
1272:
1265:
1262:
1249:
1245:
1244:
1238:
1230:
1227:
1214:
1210:
1209:
1204:
1197:
1194:
1181:
1177:
1176:
1171:
1164:
1161:
1148:
1144:
1140:
1134:
1131:
1118:
1114:
1113:
1108:
1104:
1098:
1095:
1083:
1082:
1077:
1070:
1068:
1064:
1051:
1045:
1042:
1029:
1025:
1024:
1019:
1012:
1010:
1006:
994:
990:
983:
980:
968:
967:
961:
953:
950:
938:
934:
927:
924:
912:
908:
901:
898:
886:
882:
881:"Switched on"
875:
872:
860:
856:
849:
847:
845:
843:
839:
834:
830:
823:
820:
808:
804:
797:
794:
782:
778:
771:
768:
756:
752:
745:
742:
730:. 18 May 2012
729:
725:
719:
716:
704:
697:
695:
693:
691:
687:
674:
670:
664:
661:
654:
643:
636:
635:
629:
622:
621:
615:
608:
607:
601:
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595:
588:
554:
553:
541:
522:
521:
493:
492:
464:
463:
435:
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406:
405:
387:
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378:
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369:
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359:
358:
355:
351:
350:
344:
340:
339:
331:
326:
324:
320:
308:
305:
304:
296:estimated at
295:
291:
290:
281:
279:
277:
273:
269:
265:
257:
255:
253:
249:
244:
242:
237:
236:Dodo Services
229:
227:
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217:
213:
209:
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197:
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183:
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177:
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137:
133:
129:
125:
117:
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109:
105:
101:
97:
86:
82:
80:
79:Dodo Services
76:
75:
73:
69:
66:
63:
59:
55:
51:
47:
43:
33:
29:
22:
19:
1311:. Retrieved
1306:
1297:
1285:. Retrieved
1274:
1264:
1252:. Retrieved
1241:
1229:
1217:. Retrieved
1206:
1196:
1184:. Retrieved
1173:
1163:
1153:28 September
1151:. Retrieved
1142:
1133:
1121:. Retrieved
1110:
1097:
1085:. Retrieved
1079:
1054:. Retrieved
1044:
1032:. Retrieved
1021:
996:. Retrieved
992:
982:
970:. Retrieved
964:
952:
940:. Retrieved
936:
926:
914:. Retrieved
910:
900:
888:. Retrieved
884:
874:
862:. Retrieved
858:
832:
822:
810:. Retrieved
806:
796:
784:. Retrieved
780:
770:
758:. Retrieved
754:
744:
732:. Retrieved
727:
718:
706:. Retrieved
677:. Retrieved
672:
663:
538:$ 1.10
347:
336:
322:
301:
287:
285:
261:
245:
233:
201:
184:
169:
140:
121:
95:
94:
77:Co-founder,
18:
1370:1966 births
1303:"Rich List"
1143:Forbes Asia
603:Description
325:Rich List.
264:Acquire BPO
224:South Yarra
208:subdividing
100:billionaire
53:Nationality
1329:Categories
1254:31 October
1123:10 October
998:28 January
972:28 January
655:References
317:1.27
212:townhouses
166:Basketball
118:Early life
56:Australian
1313:6 January
1056:6 January
942:6 January
916:6 January
890:6 January
864:6 January
812:6 January
786:6 January
760:6 January
734:6 January
708:6 January
377:Net worth
364:Net worth
343:Rich List
294:net worth
282:Net worth
220:Southbank
216:Footscray
1281:Archived
1248:Archived
1213:Archived
1180:Archived
1147:Archived
1117:Archived
1028:Archived
679:5 August
252:M2 Group
833:The Age
728:The Age
540:billion
321:in the
319:billion
248:Telstra
151:Prahran
128:Ukraine
46:Ukraine
1309:. 2022
1287:28 May
1219:31 May
1186:26 May
1112:Crikey
1087:6 June
1034:8 June
591:Legend
349:Forbes
272:Volley
143:Holden
555:2023
523:2022
494:2021
465:2020
436:2019
407:2018
388:2017
373:Rank
360:Rank
333:Year
136:Ostia
124:Odesa
42:Odesa
1315:2023
1289:2021
1256:2020
1221:2019
1188:2018
1155:2019
1125:2019
1089:2023
1058:2023
1036:2017
1000:2024
974:2024
944:2023
918:2023
892:2023
866:2023
814:2023
788:2023
762:2023
736:2023
710:2023
681:2024
598:Icon
381:US$
218:and
104:Dodo
31:Born
560:110
528:123
499:139
470:135
441:122
368:A$
315:A$
311:A$
298:A$
289:BRW
149:in
1331::
1305:.
1279:.
1273:.
1240:.
1205:.
1178:.
1172:.
1141:.
1109:.
1078:.
1066:^
1026:.
1020:.
1008:^
991:.
963:.
935:.
909:.
883:.
857:.
841:^
831:.
805:.
779:.
753:.
726:.
689:^
671:.
412:97
383:)
370:)
278:.
182:.
126:,
44:,
1317:.
1291:.
1258:.
1223:.
1190:.
1157:.
1127:.
1091:.
1060:.
1038:.
1002:.
976:.
946:.
920:.
894:.
868:.
835:.
816:.
790:.
764:.
738:.
712:.
683:.
379:(
366:(
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