Bob Ell Net Worth

Bob Ell has an estimated net worth of $2.3 billion, according to Forbes Real-Time Billionaires, Bob Ell profile (figures as of October 20, 2026). That is up from $1.4 billion in 2019.

Bob Ell is an Australian property developer best known for building Leda Group, also called Leda Holdings, into a large private real estate business. He began in Sydney commercial and industrial property in the 1970s and founded the company in 1976. Over time, the business expanded across Queensland, New South Wales and the Australian Capital Territory, with projects in residential, retail, commercial and industrial property.

His wealth comes from land development and shopping centres. Leda owns 3 shopping malls in Queensland and a fourth in Canberra, and it also has large residential projects in Queensland and New South Wales. Ell briefly listed Leda in the late 1980s, then took it private in 1990. Forbes estimated his net worth at $2.3 billion on its real-time billionaires tracker as of October 20, 2026.

Where Bob Ell's money comes from

Ell made his name in Australian real estate. He started in Sydney commercial and industrial property in the 1970s, then founded Leda Group in 1976. The company grew into a private developer with interests across several parts of the market, including residential, retail, commercial and industrial property. Its base is in Sydney, and its projects and holdings extend into Queensland, New South Wales and the Australian Capital Territory.

A big part of the business is a mix of income-producing retail assets and long-term land development. Leda Holdings owns 3 shopping malls in Queensland and another in Canberra. It also has large residential land developments in Queensland and New South Wales, including projects at Pimpama, Cobaki Lakes and Kings Forest. Forbes notes that Ell has developed more than $3 billion worth of property projects through the company.

Forbes net worth over time

Forbes has put Ell's fortune at several different levels over the years. Its World's Billionaires List estimated him at $1.4 billion in 2019, $1.2 billion in 2020, $2.3 billion in 2021, $2.1 billion in 2022, $2.1 billion in 2023, $2.3 billion in 2024, $1.8 billion in 2025 and $2.3 billion in 2026. Those changes tracked the value of a real estate portfolio built over decades.

The latest Forbes reading keeps him in the same range as its 2026 annual list. Forbes showed Ell at $2.3 billion on its real-time billionaires tracker in October 2026, with the same $2.3 billion figure listed as current as of October 20, 2026. That estimate is tied to the property business he built through Leda, especially shopping centres and major residential land developments in Queensland and New South Wales.