Elias Jreissati’s net worth emerges from entrepreneurship. He is an Australian businessman, property tycoon and philanthropist. He is the Executive Group Chairman of the Jreissati Group of Companies, which includes Bensons Property Group and Levantine Hill Estate.
Elias Jreissati net worth
The estimated Elias Jreissati’s net worth is undisclosed. However, his last reported net worth was $40 million in 2005, according to BRW. His wealth is linked to the ownership of Jreissati Group of Companies and holdings in Bensons Property Group, Levantine Hill Estate, J Group Elite & J Group Aviation, and Jreissati Enterprises.
Bensons Property Group has also faced financial difficulties. The developer entered voluntary administration in December 2024 with reported debts exceeding A$800 million. In March 2025, creditors approved a restructuring arrangement intended to avoid liquidation, with the Jreissati family committing substantial funding to the rescue plan.
Occupation overview
Dr Elias Jreissati career is a story of perseverance, entrepreneurial ambition and financial recovery, beginning with his migration to Australia as a teenager and progressing to the development of substantial property and wine businesses.
He migrated to Australia in late 1983, aged 18, without speaking English. He initially worked as a supermarket shelf stacker but taught himself to read, write and speak English fluently within 15 months.
In mid-1985, he purchased the first of four businesses that he owned and operated over the following four years. The profits from these ventures enabled him to enter the property market.
By the age of 24, he had become a millionaire. However, the early 1990s recession wiped out his wealth. Through determination, he rebuilt his finances and recovered his losses within four years.
Bensons Property Group
In 1994, he founded Bensons Property Group, a property development company established to create high-quality residences that enhance the communities in which they are built.
Under his leadership, the business expanded its portfolio across Australia’s eastern seaboard, including Victoria, Queensland and Tasmania. Its developments emphasize architectural design, quality interiors, premium amenities and long-term value.
The company has reported more than A$1 billion in work in progress, reflecting its position in Australia’s property sector.
Levantine Hill Estate
Beyond property development, Elias Jreissati diversified into the wine industry. In 2007, his family acquired the first of three vineyards to establish the premium wine label Levantine Hill Estate in Victoria’s Yarra Valley. The business subsequently developed into a significant Australian wine brand, gaining international recognition for its wines.
Its operations have expanded beyond wine production to include an architecturally distinctive, environmentally efficient winery, a restaurant, cellar door, function spaces and plans for hospitality accommodation. The venture has also contributed to regional tourism and investment.
Philanthropy
Elias Jreissati’s business achievements have been accompanied by a strong commitment to philanthropy, particularly in healthcare, medical research, education and the arts.
A survivor of pancreatic cancer, he established the Jreissati Pancreatic Centre at Epworth HealthCare to advance early-detection methods, improve patient care and support research into the disease.
He has also supported community initiatives, children’s charities, Indigenous causes, tourism and religious organizations.
His family’s contributions have been recognized through the naming of galleries, sporting facilities, gardens and buildings across Victoria and Queensland.
Recognitions
- Knight of the Order of The Holy Cross of Jerusalem
- Member of the Order of Australia (AM) for his service to philanthropy (2019)
Conclusion on Elias Jreissati net worth
In conclusion, Elias Jreissati’s wealth comes from property development, real estate investment, business ownership and the wine industry. His career includes an entrepreneurial rise from humble beginnings, significant involvement in Australian property development and premium winemaking, and a sustained commitment to philanthropy. His work in supporting pancreatic cancer research also remains an important part of his public legacy.
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