Ex-Billionaire Turns to Drink

Schmidt, Lucinda
February 2011
Forbes Asia;Feb2011, Vol. 7 Issue 2, p43
The article informs about Terry Peabody, whose wealth was estimated by at 1.05 billion dollar in 2008 Australian list. It has been stated that his waste-management company Transpacific Industries acquired many rival companies and its shares reached at 14.40 dollar in July 2007, but the global financial crisis put the firm in great loss in 2009. Peabody is trying to revive the business by focusing on construction-materials operation in Philippines and the Craggy Range winery in New Zealand.


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