Salvatore "Sam" Tarascio (born 22 June 1944) is an Italian-born Australian billionaire businessman. Tarascio owns a portfolio of commercial and industrial real estate across Melbourne, including a business park, two distribution sites, a large shopping mall and a market. In 1972 Tarascio founded Salta Properties, a privately owned company, after buying swampland and constructing a warehouse for Hoechst. Prior to entering the property market, Tarascio worked in pharmaceutical sales.
Salta Properties is managed by Tarascio's eldest son, also called Sam.
Personal life Born in Vizzini, Sicily, Tarascio emigrated to Australia in 1949, aged five years, and was raised by Sicilian migrant parents in the Melbourne suburb of . He is married to Christine Tarascio (née Johnson), and they have three children, Sam (b. 1975), Lisa (b. 1977), and David (b. 1979).
In 2018, Tarascio published an autobiography entitled, My Way.
Tarascio has interests in growing olives and extra virgin olive oil production, with a property located on the Mornington Peninsula. In in Vizzini, Tarascio's grandfather, Salvatore (Turi) Tarascio, commenced the family tradition of olive pressing.
Net worth
Year Financial ReviewRich List ForbesAustralia's 50 Richest Rank Net worth (A$) Rank 2015 $710 million 2016 $735 million 2017 $1.43 billion 2018 $1.54 billion $1.00 billion 2019 $1.72 billion $1.22 billion 2020 $1.53 billion 2021 $1.54 billion 2022 $1.69 billion 2023 $1.69 billion 2024 $1.70 billion 2025 $1.75 billion
Legend Icon DescriptionHas not changed from the previous yearHas increased from the previous yearHas decreased from the previous year
Published works
References
External links