Shaun Bonétt

Shaun Bonétt
Born	(1971-01-01) January 1, 1971 London, England
Occupation(s)	Business leader, property developer
Known for	Founder and CEO of Precision Group

Shaun Bonétt (born 1 January 1971) is a prominent Australian business leader and property developer, serving as the founder and Chief Executive Officer of the Precision Group.

Early life

Born in London, England, to parents Marlene and Anton Bonétt—who are of Australian and Maltese descent, with Anton being an oncologist associated with the World Health Organization—Bonétt relocated to Australia in 1978. He completed his schooling at Saint Ignatius' College, Adelaide and gained experience as a law clerk in Adelaide throughout the 1980s. Bonétt earned a Bachelor of Laws and Arts from the University of Adelaide in 1991 and also holds a degree from the University of South Australia.

Career

Between 1990 and 1996, Bonétt was employed at Thomson Simmons & Co, followed by a role as Senior Associate at Phillips Fox from 1996 until 1998.

At the age of 24 in 1994, he established Precision Group, a company specializing in property investment and management. Under his leadership, Precision Group revitalized MacArthur Central and collaborated with the Bank of China to acquire the Chevron Renaissance shopping centre. He also successfully introduced a Tiffany & Company store within Adelaide Central Plaza, alongside other global retail brands such as David Jones.

Bonétt expanded his influence by joining the boards of iSelect Health & Life Insurance in 2003, Lenders Direct in 2005, and taking on the role of Chairman at Litigation Lending Services in 2007. In 2018, he secured a substantial shareholding and board appointment at Skyfii Limited, an ASX-listed data analytics company.

In May 2006, he orchestrated a significant $186 million property exchange, trading Precision Group’s Brisbane asset at 160 Ann Street for MacArthur Central.

By 2010, Precision Group emerged as one of the pioneering private Australian firms to finalize financing deals with the Bank of China. Bonétt actively championed regulatory changes through the Foreign Investment Review Board aimed at facilitating international bank lending to Australian enterprises. He also endorsed Australia’s free trade agreement with China in 2015, highlighting its beneficial effects on property market values.

In recognition of his contributions to business, the University of South Australia conferred upon Bonétt an honorary doctorate in 2022.

Personal life

Bonétt married model Vanessa Baron in 2004. As of 2021, they are parents to two children: a daughter named Eve and a son named Gabriel.

Net worth

Bonétt first appeared on the Business Review Weekly (BRW) Young Rich List in 2006, ranking third with an estimated net worth of $220 million. He was also acknowledged as Australia's Wealthiest Individual under 40 during 2007–2008. According to the Australian Financial Review as of May 2025, his net worth is valued at $1.70 billion. In 2019, The Australian appraised his wealth at $1.17 billion.

Year	Australian Financial Review Rich List		Forbes Australia's 50 Richest
Rank	Net worth (A$)	Rank	Net worth (US$)
2015		$478 million
2016
2017		$718 million
2018	Template:Nts	$784 million
2019	Template:Nts	$1.00 billion
2020	Template:Nts	$1.06 billion
2021	Template:Nts	$1.17 billion
2022	Template:Nts Template:Up	$1.90 billion Template:Up
2023	Template:Nts Template:Up	$2.31 billion Template:Up
2024		$1.70 billion
2025	Template:Nts	$1.70 billion

Legend
Description
Unchanged from previous year
Increased from previous year
Decreased from previous year

External links

• Shaun Bonétt – Precision Group