Bob Ell

William Robert ("Bob") Ell (born ''circa'' 1955) is an Australian property developer and businessman with interests in residential, retail, commercial and industrial property.

Biography

Ell, a former carpenter who was born in Merriwa, New South Wales, founded Leda Group, a privately owned property development company in 1976. The company's head office is located in Sydney, and it has business interests in Queensland, New South Wales and the Australian Capital Territory. Included in Ell's property portfolio are residential developments at Pimpama, Queensland; and at Lakes, and Kings Forest, both in far north New South Wales. He has raised plans to develop a cruise ship terminal, including three liner berths plus a superyacht marina, three resorts and an option for a casino at . Ell has commercial property interests in shopping centres at Riverlink, and Morayfield in Queensland; and at the Tuggeranong Hyperdome in Canberra. In 2012 it was reported that Leda had developed properties worth a total of more than 3 billion since Ell established the group in 1976.

Ell floated Leda on the Australian Securities Exchange in the late 1980s and privatised the company in 1990.

In 2009 it was reported that Ell acted as a surety for Michael McGurk and provided 100,000 in bail for firebombing and assault charges against McGurk; with the charges subsequently dropped. Following the 2009 murder of McGurk, Ell issued a statement detailing his business and personal relationship with McGurk. According to media reports, McGurk had been negotiating on behalf of Ell and for business associates of nightclub identity John Ibrahim to run the downstairs bar area of the Crest in return for an investment of $10–$15 million. In addition, Ell had been a potential sponsor of a proposed western Sydney A-League soccer team, in a deal brokered in 2009 by McGurk. Ell had a longstanding dispute with Greens Tweed Shire councillor Katie Milne where he successfully sued her for defamation in the NSW Supreme Court, and was awarded 15,000 in damages. The defamation action related to an email sent by Milne alleging he had a scandalous association with McGurk.

In 2012, Ell sought and was granted permission by the Privileges Committee of the New South Wales Legislative Council to lodge a Citizen's Right of Reply on behalf of Leda Holdings. The reply related to comments by Cate Faehrmann MLC, a member of the NSW Greens, in the Legislative Council on 9 November 2011. Ell's reply highlighted errors of fact and distortions contained in Faehrmann's speech. The Privileges Committee ordered that the Citizen's Right of Reply be published.

Personal life

Ell is married to Brigit, twenty-six years younger than Ell, and they have four children William, John, Charles and Tiffiany. Ell has a son, and two daughters from his first marriage to Barbara. Ell resides both on the Gold Coast and in Sydney, with an additional residence in Noosa Heads.

Wealth rankings

In 2014, the ''Business Review Weekly'' assessed Ell's net worth at 1.29 billion; and ''Forbes Asia'' assessed his net worth at 1.10 billion. In February 2013, Ell listed for sale a residential property in with an asking price of between 2025 million. In July the same year, Ell sold his Potts Point penthouse apartment for 15 million and purchased a non-waterfront house in for 30 million twelve months later. It was reported between 2000 and 2002 that Ell owned a luxury catamaran called ''Leda'' worth 15 million. , ''The Australian Financial Review'' Rich List, that superseded the ''BRW'' Rich 200, estimated Ell's net worth as 2.43 billion.

References

{{DEFAULTSORT:Ell, Bob
Living people
Businesspeople from Sydney
Australian businesspeople
Australian billionaires
1940s births