Bruce Mathieson is a pioneer of the hotel industry in Australia. It has been more than four decades that this man has been ruling the poker and hospitality sector in the country.
Bruce was a man who belonged to a low-income family and tried many jobs before buying the first pub in 1975. Since then, he has always moved forward. He is the owner of Australian Leisure And Hospitality Group which has now expanded with his partnership with Woolworths’ CEO Roger Corbett in 2000.
How Much Is Bruce's Net Worth?
The net worth of a ruler of the hotel industry of Australia is $910 million. He has summoned this massive amount with his 25% shares of Australia’s biggest hotel and pub business, the ALH Group which includes 300 pubs and 11,600 poker machines in their name.
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Bruce and his family established the group in 1974, as per wiki. The company soon expanded, and by 2000 it was running 32 pubs in Victoria. During Sydney’s Olympic in 2000 Bruce met the then Woolworths’ boss Roger Corbett, he was one of the leading people in the business. Soon after, the two joined hands and started a joint venture named MGW Hotel, the company’s profit took a great leap. They owned more than 30 hotels in 4 years. The duo only saw success and went on to acquired many other business units.
They brought Australian Leisure And Hospitality Group, MGW Hotel, and the interest of the Mathieson family together into ALH group. The group has acquired many hotels and taken all their business. Now the group operates more than 300 venues across different parts of Australia.
Before coming into this sector, the Mathieson family was poor, so Bruce had to take up many jobs for the living. He has worked as a tool making trainer, at the age of 13, and cigarette seller who roamed around his bike to sell it to wharfies and ferrying people. He also started his own engineering business which is now an empire.
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Bruce sold his $10 million worth Melbourne Manor (Photo: realestatesource.com)
He also had a lavish family home in Brighton with five bedrooms, a library, five car garage, and a gold class movie theatre. The family house was sold for an estimated amount of $10 million. So the house has added good cash to his account.
Bruce's Wife And Family
The millionaire, age 75, is a married man and living a high-class life with his family. He and his wife Jill plans to retire in their home at Gold Coast. He is going to have a great retired life in the mansion, with a yatch and a golf course with his spouse by his side.
The wealthy Mathieson family has three grown-up children. The youngest among the three, Bruce Jr, is the Chief Executive in the ALH Group. The father is proud of his son’s work. He says he belongs to a different generation, so he does not have much idea of the interests of his son's generation. Handing over the job to his son has brought innovation and has catered the demand of the modern era.
His son, Bruce Mathieson Jr. recently acquired one of the most expensive and lavish beachfront mansions in Gold Coast for an astronomical price of $11.6 Million.
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Even his partner Roger is like a family to him now. The two have supported and learned a lot from each other in these years. Roger compliments the Mathieson family for their down to earth nature and decency.