How he made his fortune

Geoffrey Edelsten is perhaps best known as a flamboyant, larger-than-life character with an expensive taste, but he earned every penny he spent.

Edelsten, 78, died in his apartment in Melbourne’s CBD on Friday. Victoria Police said the body of a man was found at the St Kilda Road house and the death was not considered suspicious.

A report will be prepared for the coroner.

Edelsten, who spent the last decades of his life with much younger women including Brynne Edelsten and Gabi Grecko, spent a lot on luxury items but didn’t always have the money.

He started out in medicine in the mid-1960s, but didn’t realize significant profits until two decades later thanks to an idea that revolutionized the way people access medical help.

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After working as a resident at the Royal Melbourne Hospital, he moved to general practice in rural New South Wales.

He and a friend started a business in Sydney in the early 1970s, and while the idea behind Preventicare was revolutionary, it didn’t take off as he had hoped.

In 1984, Edelsten introduced what has been described as a “smart” new look for medical clinics. Its clinics offered group billing and 24-hour service, and many were adorned with luxury items including pianos and chandeliers.

Edelsten made headlines regularly, most notably when he was struck off medicine in New South Wales and Victoria for unconventional medical practices. He was also jailed in 1990 for paying a hitman to assault a former patient.

Despite the controversies, it was reportedly worth as much as $ 100 million at one point.

The colorful GP then founded Allied Medical Group with a business partner in the 2000s.

But in 2014, he admitted to having exploded most of his fortune – up to $ 63 million in two years – thanks to “stupid” investments.

The Sydney Morning Herald reported at the time that Edelsten claimed to have only $ 90 in cash when he filed for bankruptcy in the United States.

The report notes that Edelsten claimed to have “wasted” the $ 28 million from the sale of four medical centers in 2011.

He also launched a website called Australia’s worst journalist, which consisted of unflattering stories about himself.

Edelsten’s dynamic lifestyle, which included a fleet of Rolls-Royces, also led him to relationships with younger women.

He met and married his first wife, model Leanne Nesbitt, in the 1980s. In 2009, he met fitness instructor Brynne Gordon on a blind date in Las Vegas and had it. married in a few months.

Contacted for comment on Friday evening, her agent told “It is with great sadness to learn of the passing of Dr Geoffrey Edelsten today.

“On behalf of Mrs. Brynne Edelsten, we send our deepest condolences.

“Brynne and Geoffrey have had a great time, including their marriage which has seen Brynne live in Australia since their marriage in 2009.

“As their marriage ended after 5 years together, Brynne remains grateful for the good times the couple shared together and is deeply saddened and shocked to hear the news of her passing.”

Brynne, who was 25 when she met Edelsten on a blind date in Las Vegas, married the multimillionaire in style. Their lavish wedding on November 29, 2009 will be talked about for years

The couple, who had an age gap of 41, raised eyebrows with their breathtaking lavish nuptials that cost Melbourne’s Crown Casino $ 3.3million, considered the most expensive wedding ever to have. Australia.

In an interview with Stellar magazine, Brynne said she never married for money.

After her split, Edelsten was linked to model and fashion designer Gabi Grecko, 46 ​​years younger. They got married on June 11, 2015.

Edelsten and Grecko got engaged in November 2014 after he proposed to her in the Melbourne Cup at Flemington Racecourse.

Edelsten, who became the first private owner of the Sydney Swans AFL club, also had close ties to Carlton.

Former Swans and Blues player Greg Williams told 3AW on Friday night: “He was a great man, Geoffrey.

“People had an opinion of him, but he was very different from the real opinion. He was a great guy with a big heart and he loved the Swans even though he had barricaded himself for Carlton.

“He loved football and he couldn’t have looked after me better than him.

“I loved Dr Edelsten. All the guys who played for the Swans I’m sure there are some great memories there.

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