Billionaire Profile
Mario Verrocchi
Global Rank
#700

Image: Public domain | via Wikimedia Commons

Mario Verrocchi

CEO, Chemist Warehouse Group
AU
Real-Time Net Worth
$5.3B
As of December 2025
Age
68
Source
Pharmacies
Industry
fashion-retail
Citizenship
AU

Biography

Mario Verrocchi, at 68 years old, is a prominent figure in the Australian retail landscape, primarily known for his role as the co-founder and CEO of Chemist Warehouse Group (CWG). His journey began in 1980 as a trainee under Jack and Sam Gance, and he has since built a vast pharmacy empire. The source of his wealth stems from pharmacies, a business he built from the ground up. Verrocchi's career highlights include spearheading Chemist Warehouse's expansion, overseeing over 500 stores in Australia and branching out internationally, with the company boasting over 600 stores across Australia, New Zealand, Ireland, China, and the UAE. His net worth is estimated at $5.3 billion. He is a self-made billionaire, married, with two children, and holds a Bachelor of Pharmacy from the University of South Australia.

Wealth Over Time

In-Depth Profile

Early Life

Born and raised in Melbourne, Mario Verrocchi's career began unexpectedly during his university years. Initially studying science, he later switched to law before discovering his passion for pharmacy during a summer trip to Adelaide. This led him to secure a place at the South Australian Institute of Technology (now UniSA), a decision that he credits with shaping his life.

Rise to Success

After graduating, Verrocchi started as a trainee under Jack and Sam Gance in 1980. Together, the trio expanded their business, eventually reimagining the traditional pharmacy model. This led to the creation of Chemist Warehouse, a discount-driven pharmacy chain. Verrocchi's leadership has been instrumental in growing Chemist Warehouse into a leading retail company with over 500 stores throughout Australia and expanding into other markets.

Key Business Strategies

Verrocchi's success is attributed to his retail instincts, developed during his youth in his father's small supermarket, and his willingness to embrace challenges. He emphasizes the importance of discipline and hard work and has instilled these values in his staff. The merger with Sigma Healthcare reflects a significant strategy for future growth. Also, Verrocchi spearheaded Chemist Warehouse's growth into China, first as an online store.

Philanthropy

While the exact amounts are not widely publicized, it's known that Verrocchi supports philanthropic initiatives as part of the Chemist Warehouse group.

Career Milestones

1980

Joined Jack and Sam Gance's pharmacy group

Began as a trainee, immersing himself in the profession.

1997

Established MyChemist

Co-founded MyChemist with Jack and Sam Gance.

2000

Founded Chemist Warehouse

Co-founded the Chemist Warehouse chain with Jack Gance.

2017

International Expansion

Expanded Chemist Warehouse internationally, starting with New Zealand.

2025

Merger with Sigma Healthcare

Chemist Warehouse merged with Sigma Healthcare.

Philanthropy & Social Impact

Healthcare

Chemist Warehouse charitable initiatives

Undisclosed

Supports various charitable initiatives through the Chemist Warehouse group.

Business Philosophy & Leadership

Notable Quotes

"“It doesn't matter what you do, just be the best at it.”"

"“Fifty years of toil, 50 years of grind, a bit of blood, sweat and tears and we have established ourselves as the leaders of this industry.”"

Leadership Principles

Discipline

Believes success comes from discipline, not shortcuts.

Hard Work

Willingness to do the 'hard stuff' and the commitment to the industry.

Retail Instinct

Leverages a deep retail instinct honed from his youth.