Billionaire Profile
Jack Gance
Global Rank
#1206

Image: Unsplash Contributor | Unsplash License | via Unsplash

Jack Gance

CEO, Pharmacies
AUSTRALIA
Real-Time Net Worth
$3.585B
Estimated based on Pharmacies stock value as of April 21, 2026
+0.29% (24h)
Age
80
Source
Pharmacies
Industry
Diversified
Citizenship
AUSTRALIA

Biography

Jack Gance is a prominent Australian entrepreneur, best known for co-founding the Chemist Warehouse pharmacy chain. His estimated net worth is $3.5 billion as of 2024. Gance's career began in 1967 when he qualified as a pharmacist. He and his brother built a pharmacy empire through the My Chemist and Chemist Warehouse brands. Gance is recognized for his business acumen and strategic decisions, which have significantly impacted the pharmacy industry. He has received awards for his entrepreneurial achievements and continues to be a key figure in the Australian retail landscape.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Jack Gance's journey began with a strong foundation in the pharmaceutical industry. His family had deep roots in pharmacy, exposing him to the business from a young age. This early exposure laid the groundwork for his future success. He qualified as a pharmacist in 1967.

Rise to Success

Gance's entrepreneurial path took off in 1972 when he and his brother, Sam, opened their first pharmacy. In the 1970s and 1980s, the Gance brothers expanded their business, establishing well-known brands like Le Specs, Le Tan, and Australis. They later sold these brands to focus on building their pharmacy empire. In 2000, Jack Gance and Mario Verrocchi co-founded Chemist Warehouse, which became a major disruptor in the pharmacy industry. By 1993, Gance was running 35 stores through the My Chemist Pharmacy chain.

Key Business Strategies

Gance's success is attributed to several key strategies. He is known for his focus on strong relationships with manufacturers and suppliers. Chemist Warehouse has been opening locations internationally, with stores in New Zealand, Ireland, China, and Dubai. In 2025, Sigma and Chemist Warehouse merged to form a new powerhouse in healthcare retail and distribution.

Philanthropy

Jack Gance's family is involved in philanthropic activities, particularly in promoting health services in Australia. The Evelynne and Jack Gance Foundation supports health, education, and community initiatives in Melbourne, VIC.

Career Milestones

1967

Pharmacist Qualification

Qualified as a pharmacist, laying the foundation for his future in the industry.

1972

First Pharmacy

Opened his first pharmacy store with his brother Sam.

1976

Le Specs & Le Tan

Established successful brands like Le Specs sunglasses and Le Tan suntan lotion, selling them in 1991.

1993

My Chemist Pharmacy Chain

Was running 35 stores through the My Chemist Pharmacy chain.

2000

Chemist Warehouse

Co-founded Chemist Warehouse with Mario Verrocchi, revolutionizing pharmacy retailing in Australia.

Philanthropy & Social Impact

Health, Education and Community

Evelynne and Jack Gance Foundation

$XB

Supports health, education, and community initiatives in Melbourne, VIC.

Business Philosophy & Leadership

Notable Quotes

"The average pharmacist hates us because we have effected the whole margin structure in pharmacy."

Leadership Principles

Focus on relationships

Strong relationships with manufacturers and suppliers are key to success.

Customer-first vision

He caters to what his consumers want: convenient access to affordable prescriptions and health and beauty products.