Name: Ralph Tony Sarich
Date of birth: 10-12-1938
Type of business: Real Estate
Main Achievements: Ralph Sarich, once a renowned Australian inventor, is now a successful real estate investor based in Perth. In the 1980s, he made his first deal by selling a self-invested rotary engine design worth $500. His entrepreneurial ventures occur through his Cape Bouvard Investments. He earned another deal of money prior to the global shutdown in 2008 when he made his way out from the commercial real estate market. Sarich was a part of Australia’s 50 richest in 2019. He also made to the 200 Forbes list of billionaires. Sarich enjoys a real-time net worth of $780 million.
Something Interesting about Ralph Tony Sarich
In 1972, Australian state TV gave him the title of “Inventor of the Year” in recognition of his remarkable inventions.
Ralph Tony Sarich, born in Baskerville in 1938, is an Australian businessman turned inventor. He got married to Patricia in 1962 and has two children, Jennifer and Peter. He received his high school education from Midland Technical School. Sarich carried out his part-time apprenticeship, serving as a fitter and turner along with taking his high school lessons. After winding up his apprenticeship with leading achievements, he initiated doing engineering units and took night classes.
Sarich is the owner of Cape Bouvard Technologies, his private investment enterprise. The company has so far made substantial investments in the area of innovative wind energy machines, an exceptional energy generator based on earth magnet, and several other technologies of storing energy. Ralph Sarish enjoys a small share in miner Flinders’ resources and Enerji, a clean energy outfit.
Sarich acquires a significant part of his wealth from the real estate business in both commercial and residential domains. His property matters are held by Cape Bouvard Investments. It is extended over an area of 250 hectares set aside for nearly 1700 residential lots. His acquired land is associated with development plans that are either taking place or are under way in Perth and Noosa and surroundings. Apart from this, Sarich is also involved in the office market. His company has recently been dealing with office blocks, repurchasing the buildings in Perth that were previously sold by Sarich in days of the property boom. Cape Bouvard Investments is known to buy a $51 million worth block that it had traded for a sum of $49 million in 2007.
When commencing the manufacture of the engine, Sarich pursued an A$100 million investment from the government of Australia. He declined an industry support package worth A$15-16.5 million in 1989 offered by the government. He continued to launch operations in the US and introduced Orbital Engine Corporation with an A$113.8 million initial public offering. Eventually, his company commenced merchandising on the New York Stock Exchange. In 1998, Orbital Engine Corporation engaged with the Ford Motor Company through a non-exclusive licensing agreement. The two corporations were meant to establish a pilot for testing the production of the orbital engine. Furthermore, in 1991, Orbital Corporations a license agreement with an Italian car manufacturing company, Fiat. In 1992, “Ultralite”, an innovative concept car was introduced by General Motors, which used OCP technology. In the same year, another top automobile company made a license agreement to use OCP technology. Its contract with Volkswagen AG was terminated by the latter in 1993.
Orbital Engine Corporation’s financial triumph was evident in the consecutive fiscal years of 1989, 1990, 1991, and 1992. However, Sarich took his retirement from the company in 1992 and shifted all his focus to Cape Bouvard Investments Pty Ltd. He undertook the responsibilities of a Chief Executive in his family investment business.
Sarich has been significantly involved in philanthropic activities. He made donations to the community from the profits earned from Orbital Corporation. Moreover, he is known to commit donations of nearly A$65 million to charity organizations. He also granted A$20 million to facilitate neuroscience medical research in Perth in 2008.