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This Rich Lister family has kept its spending private – until now

The Australian Financial Review (AFR) •
November 04, 2026 • 06:00 PM
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A foundation set up in the Verrocchi name will ensure at least $4 million of their substantial wealth is allocated to philanthropy each year.

This Rich Lister family has kept its spending private – until now

The Verrocchi family story will be as well known to readers of the Financial Review as the red and yellow branding on its Chemist Warehouse shopfronts.

To recap: family patriarch and Financial Review Rich Lister Mario Verrocchi, a pharmacist who trained under Sam and Jack Gance in the 1980s, started the discount pharmacy with the pair in 2000. The company’s merger with ASX-listed Sigma Healthcare in 2025 formed a $34 billion giant, and made billionaires out of the Gances, Verrocchi and his brothers, Marcello and Adrian.

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