Manny Stul | |
---|---|
Born | 1948/1949 (age 68–69) Germany |
Residence | Melbourne, Australia |
Nationality | Australian |
Occupation | Businessman |
Net worth | US$1.4 billion (March 2017) |
Title | CEO, Moose Toys |
Spouse(s) | Jacqui Tobias |
Children | Paul Solomon, Tanya, Jon |
Manny Stul (born 1948/49) is an Australian billionaire, the CEO of Moose Toys, a company he took over in 2000, since when sales have increased by over 7,000%.
Manny Stul was born in a German refugee camp to Polish parents who were both Holocaust survivors, and had fled Poland in 1949 due to Communist rule. Aged seven months he travelled with his family by sea to Australia, where they spent three years in a refugee camp in Northam, 100 km north of Perth, and stayed there for three years, before moving to Perth.
In school, Stul rebelled against his parents expectations to become a doctor or lawyer. Although at the age of fifteen he won a scholarship to an advanced school, he would have the funding pulled. Disheartened he dropped out of school and worked at first as a bank teller before he found success in the gift sector.
In 2016, he became the first Australian to win the Ernst and Young World Entrepreneur of the Year, at the age of 67, having already won EY's Australian Entrepreneur of the Year.
Moose Toys is best known for its Shopkins and Mighty Beanz collectible plastic toys, which take inspiration from everyday grocery and department store items.
In March 2017, Forbes estimated his net worth at US$1.4 billion.
Stul reflects on his success: “Think globally. Do not be motivated by money alone; money should be a side benefit of doing something you love.”
Stul lives in Melbourne with his wife Jacqui Tobias; and has a step-son, Paul Solomon, who is his co-CEO.