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Billionaire Profile
Sam Gance
Global Rank
#1327

Image: Public domain | via Wikimedia Commons

Sam Gance

CEO, Chemist Warehouse
AU
Real-Time Net Worth
$3B
As of December 2025
Age
76
Source
pharmacies
Industry
healthcare
Citizenship
AU

Biography

Sam Gance, a self-made Australian billionaire, co-founded Chemist Warehouse in 1995 with his brother, Jack Gance, and Mario Verrocchi. This venture has grown into a major pharmacy chain with over 600 outlets across Australia, China, Dubai, Ireland, and New Zealand, generating billions in annual revenue. Gance's career began with his first pharmacy in 1972. His net worth is primarily derived from his stake in Chemist Warehouse, solidifying his position as a leader in the healthcare industry. He is married and resides in Melbourne, Australia.

Wealth Over Time

In-Depth Profile

Early Life

Sam Gance was born in Melbourne, Australia. In 1972, he started his first pharmacy business with his brother Jack Gance. The Gance brothers are children of Polish parents who fled during World War II.

Rise to Success

In 1995, Sam and Jack Gance, along with Mario Verrocchi, co-founded Chemist Warehouse, which began with just five pharmacies. Over the years, Chemist Warehouse grew rapidly. Today, the chain has over 600 outlets across multiple countries, including Australia, New Zealand, China, and Ireland. In February 2025, Chemist Warehouse merged with Sigma Healthcare.

Key Business Strategies

Chemist Warehouse's success can be attributed to its business model, focusing on low prices. Their slogan, 'We love low prices,' reflects their strategy to offer value for money, contributing to their remarkable growth and profitability.

Philanthropy

Specific details regarding Sam Gance's philanthropic activities and amounts are not available in the search results.

Career Milestones

1972

First Pharmacy

Sam Gance started his first pharmacy business with his brother Jack Gance.

1976

Le Specs and Le Tan

The Gance brothers established Le Specs and Le Tan, a sunglasses, perfume, and suntan lotion company.

1991

Sale of Le Specs and Le Tan

Sold the sunglasses, perfume, and suntan lotion company.

1995

Chemist Warehouse Founded

Co-founded Chemist Warehouse with Jack Gance and Mario Verrocchi.

2025

Sigma Healthcare Merger

Chemist Warehouse merged with Sigma Healthcare.

Philanthropy & Social Impact

Philanthropy

Unknown

Undisclosed

Specific details regarding Sam Gance's philanthropic activities and amounts are not available.