Shaun Bonétt

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Shaun Bonétt
Shaun Bonett.jpg
Born Shaun Keith Alfred Bonétt
(1971-01-01) 1 January 1971 (age 46)
London, England, UK
Nationality Australian/British/Maltese[1]
Education Saint Ignatius College
University of Adelaide[1]
Occupation Australian property developer, entrepreneur
Spouse(s) Vanessa Bonétt[2]
Parent(s) Anton and Marlene Bonétt[3]

Shaun Bonétt (born 1 January 1971) is an Australian entrepreneur[1] and property developer who founded and is CEO of Precision Group.[4][5]

Early life[edit]

Shaun Bonétt was born in London, England, to parents of Australian and Maltese descent,[1] Marlene and Anton Bonétt, the latter of whom was an oncologist for the World Health Organisation.[3] Bonett moved to Australia in 1978.[2] In the 1980s, Bonétt worked as a law clerk in Adelaide, and completed a degree of Laws and Arts at the University of Adelaide in 1991.[1][6] He previously studied at Saint Ignatius College.[1]


Bonétt worked for the law firm Thomson Simmons & Co from 1990 to 1996 and then as a Senior Associate at Phillips Fox Lawyers from 1996 to 1998.[3]

In 1994 when he was 24 years old, he founded Precision Group.[6] Through Precision, he was involved in the re-positioning of MacArthur Central,[7] and collaborated with the Bank of China to purchase the Chevron Renaissance Shopping Centre.[8] Shaun Bonétt also negotiated the establishment of a Tiffany & Company outlet in Adelaide Central Plaza, along with three other international retailers,[9] including David Jones.[10]

In 2003 he joined the board of directors of iSelect Health & Life Insurance, in 2005 he joined the board of Present Lenders Direct, and in 2007 he joined the board and became Chairman of Litigation Lending Services.[3]

In 2004 he bought a house on the Sydney harbour formerly owned by Paul Hogan as a personal residence and subsequently sued the real estate agent who sold him the house for $2M for misrepresenting the size of the lot and the harbor access; he won a judgement of $100,000 in 2006.[11]

His wealth, as of 2015, was estimated by the BRW Rich List to be $478 million (113th rank),[12] a number that climbed from $220 million in 2006.[13]

Bonétt has actively supported Australia's free trade agreement with China.[14] Bonett has also established a charitable organization called the Heartfelt Foundation.[2]


  1. ^ a b c d e f Gibson, Story Candy. "$220 million reasons to smile". The University of Adelaide Magazine. Retrieved 23 January 2016. 
  2. ^ a b c Grech, Herman (28 September 2007). "Maltese property developer tops Australia's young rich-list". Times of Malta. Retrieved 24 January 2016. 
  3. ^ a b c d "Department of Information". Department of Information - Malta. 25 September 2009. Retrieved 24 January 2016. Mr Shaun Bonett is the son of the late Dr Anton and Mrs Marlene Bonett. Dr Anton Bonett was a cancer specialist who came to Australia with the World Health Organisation in the late 1970s. 
  4. ^ "New kid on the very rich block". The Sydney Morning Herald. 26 September 2007. Retrieved 23 January 2016. 
  5. ^ "Shaun Bonett". Business Review Weekly. 22 May 2013. Retrieved 23 January 2016. Property investor and former lawyer Shaun Bonett is positive about the coming year. 
  6. ^ a b Carter, Bridget (25 September 2008). "Shopping centre magnate Shaun Bonett took risks early on". The Australian. Retrieved 23 January 2016. 
  7. ^ "Precision swaps offices for shops". The Australian Financial Review. 25 May 2006. Archived from the original on 11 November 2014. Retrieved 23 January 2016. Precision Group founder Shaun Bonett is already planning how to reposition Brisbane's MacArthur Central Shopping Centre, which he acquired yesterday for $119.5 million. 
  8. ^ Cranston, Matthew (27 February 2015). "Bank of China backs Gold Coast centre: Apple a likely tenant". The Australian Financial Review. Archived from the original on 29 September 2015. Retrieved 23 January 2016. 
  9. ^ Tauriello, Giuseppe (26 August 2013). "Louis Vuitton, Chanel and Topshop in talks to open Adelaide stores". The Advertiser. Retrieved 23 January 2016. 
  10. ^ "Revamp for SA plaza". Inside Retail. 17 October 2013. Retrieved 23 January 2016. 
  11. ^ Vanda Carson for The Australian. September 30, 2006. Agent fined $100,000 over sale of Hoges' house
  12. ^ "BRW Rich 200 List 2015". Fairfax Media Publications Pty Ltd. 2015. Retrieved 24 January 2016. 
  13. ^ "Wealth: simple as ABC". The Sydney Morning Herald. 13 September 2006. Retrieved 24 January 2016. The chief executive of ABC Learning Centres is now Australia's richest person aged 40 years and under, the latest annual BRW Young Rich list shows...Property developer Shaun Bonett debuted on the list at No. 3, with $220 million. 
  14. ^ Cranston, Matthew (2 September 2015). "Rich Lister Shaun Bonett says China free trade will underpin property values". The Australian Financial Review. Retrieved 23 January 2016. 

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