Paul Alexander Little is an Australian businessman who was the managing director of Toll Holdings, a prominent Asian region integrated logistics provider. He retired from that position on 1 January 2012 after 26 years service. He is one of the richest people in Australia, with an estimated net worth of $880 million in 2013.
Business life
Little has been in the transport industry for nearly all his business life, first as an employee at Mayne Nickless, where he progressed to become national operations manager of the Seapak Transport Services division, and then at Peko Wallsend as a consultant where he assessed the desirability of purchasing the Toll business and then led the takeover which went on to become a prominent Australian transport services provider. Little subsequently further developed his ability to acquire new businesses, buying many between 1989 and 2000. He then began taking over two companies a year until 1997, when Toll paid $145 million for eight TNT transport and logistics businesses. In 2000, it paid $120 million for rival Finemores. Little also oversaw Toll's investments in technology, wine, rail freight and cargo shipping.
Toll Holdings
In 1985, Little, along with businessmen Peter Rowsthorn as well as Rowsthorn's son, Mark Rowsthorn, and Lyall McLachlan, led a management buyout team which purchased Toll Holdings which in 1993 listed on the Australian Stock Exchange. Little and his team developed Toll from an 18-truck operation worth $1.5 million, into a $3.8 billion international organisation with 45,000 employees and operations in 50 countries. As a result of his involvement in Toll Holdings, Little has become one of Australia's richest men.
Little Projects
In 2011, Little founded Little Projects, a residential and commercial property projects group. His business philosophy is to provide a 'one-stop shop' approach, where clients deal with the one entity for all their real estate requirements encompassing buying, selling and comprehensive property management. To this end Little has purchased a range of complementary businesses including three LJ Hooker real estate franchises. He has a large number of projects underway in Melbourne with a value of over $1 billion.
Other business interests
Little also owns an aviation charter business, Little Aviation, which owns a $65 million Gulfstream G650ER jet. It employs three pilots.
Sports management
Little has been prominently involved in professional sport in Australia. Initially in motor racing, Little sponsored John Sidney Racing and Anthony Tratt's Porsche racing team. In 1998 Tratt's team moved into V8 Supercars under Little's ownership as Paul Little Racing. The team folded in 2005 after eight seasons of racing. On 29 July 2013, Little became the chairman of AFLfootball club, Essendon, replacing previous chairman, David Evans. The role of an AFL football club chairman is often high profile and usually voluntary. Little served in the role for almost two and a half years, presiding over a turbulent time in the club's history as it faced allegations of running a program of illegal supplements during David Evans' tenure. Little stepped down on 14 December 2015, shortly before the final guilty verdict was returned in the supplements investigation, and was replaced by Lindsay Tanner.
Awards and honours
Winner of the CA/Zurich Business Leader Award in 2002
Winner of the inaugural Trans-Tasman Business Leader Award in 2005
Awarded a Doctor of Business honoris causa by RMIT University in 2008
Appointed Officer of the Order of Australia in the 2010 Australia Day Honours "For service to the development of the transport and logistics industries through strategic leadership and promotion of corporate social and environmental responsibility, and to the community through philanthropic support of sporting and medical research organisations".
Little is married to Jane Hansen, his second wife. In 2002, they paid a then record price for a Melbourne home when they bought the Toorak mansion Coonac for nearly $15 million. Little was previously married to Shirley, who died of cancer in 1991. Little has three children. Little and Hansen are active philanthropists with a particular interest in drug rehabilitation. Little is very keen to stay fit and relax and his pursuits include skiing, mountain bike riding and trekking. He has a home gym, works out daily and often jogs or swims as part of his fitness routine. He loves motor racing and once owned a professional V8 Supercar racing team, Paul Little Racing. He also raced competitively but was discouraged by his fellow board members at Toll Holdings due to the danger.
