Perth-based billionaire and philanthropist Stan Perron died this morning, aged 96.
The founder and chairman of property-focussed investment house Perron Group is survived by his wife, Jean, three children and seven grandchildren.
According to this statement posted on the Perron Group website by its chief executive Ross Robertson, the businessman accrued in excess of $4 billion in net assets over seven decades.
Perron Group’s property portfolio, one of Australia’s largest privately held, includes sole or shared ownership of 12 shopping centres, two office towers and significant interests in land development.
The businessman also secured sole rights to distribute Toyota passenger and commercial vehicles in Western Australia.
“Mr Perron always displayed an enduring commitment to ethical behaviour and his personal values of integrity, respect, excellence, team work and compassion,” Mr Robertson said. “These values were borne out of his life-long commitment to the Rotary movement”.
“This culminated in 1978 with the establishment of the Stan Perron Charitable Foundation, which has donated tens of millions of dollars to charities in Western Australia, most notably those working to improve the health of children.
“Mr Perron never lost his passion for his work attending to his business interests and charitable work by joining his management team in our Perth office almost every day up until recently,” Mr Robertson added.
Born in Perth, Mr Perron spent most of his childhood and teenage years in Western Australia’s goldfields “living with his family in great hardship”.
“Mr Perron often spoke of his determination to lift himself from a life of deprivation and, in his own words, to do better for himself and his family”.
The company has set up an email address – [email protected] – for members of the public to send a personal message of sympathy.