Business
Lang Walker doubles his dime as property empire weathers pandemic – The Australian Financial Review
The Rich Lister is the sole shareholder of Walker Group, and can absorb market volatility without the obligations of more regular returns to public market investors….
Walker Group’s results can swing from year to year as it moves through different stages of the development cycle. As a private developer, Mr Walker can absorb that volatility without the obligations of more regular returns to public market investors.
This year was no different, as the bottom line profit fell back to $251.2 million from $363.5 million. One wild card driving the dip this year was the $68.8 million net loss Mr Walker booked on his equities exposure after recording a $101.5 million…
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