Adrian Portelli burst onto The Block scene in 2022 when he made a record-breaking bid on Omar and Oz’s house —and he’s become a regular fixture ever since.
Adrian unofficially stepped into the shoes of Danny Wallis, who was well-known for purchasing multiple houses at The Block auctions.
The same year Adrian bought Omar and Oz’s house, he also purchased Ankur and Sharon’s house off-market.
The Block billionaire is also known as ‘Lambo Guy’ thanks to his affinity for buying expensive cars, and he runs a multi-million property empire. Here’s everything you need to know about him.
What is Adrian Portelli’s net worth?
In 2024, Adrian made the AFR Young Rich List, and his net worth was published at a whopping $1.03 billion.
He founded LMCT+, a discount membership service and big-ticket giveaway business, which accounts for the majority of his wealth. Some of the prizes on Adrian’s website include the houses he bought on The Block.
Which houses on The Block has Adrian Portelli bought?
Adrian purchased two The Block 2022 houses: Omar and Oz’s and Ankur and Sharon’s. Then, in the following year, he spent big once again.
At The Block 2023 auction, Adrian bought Steph and Gian, Eliza and Liberty and Kyle and Lesley’s. Steph and Gian’s house sold for five million dollars, meaning that they took home a record-breaking $1.75 million.
The Block 2024: Which houses did Adrian Portelli buy?
In 2024, Adrian bought all five of the houses on The Block, spending a total of $15.03 million in this year’s auction.
According to Nine, Adrian revealed that not only did he buy the first four properties, but he was also the mystery buyer who purchased Kristian and Mimi’s home.
In a video from Nine, Adrian told Kristian and Mimi, “You know that right, I bought your house as well? I bought all of them!”
Speaking with Nine, he said, “I didn’t want anyone to know my game plan. So that was my little spin on things to make sure I got the deal done.
“If I bought all the houses coming up to the fifth one, everyone knew what I was going to do.
The billionaire explained that he would be using the properties from The Block 2024 as a bundle package for his business LMCT+.
In an Instagram post, he wrote:
“And as mayor of Portelli town, I would like to announce a world first. LET’S GIVE AWAY A FKN RESORT!!! 1 Giveaway – 1 Prize – Winner takes the whole resort OR take $8,000,000 Instant Tax-Free Cash!”
This will be the last time he bids on properties on The Block, he shared. So, it seems he’s chosen to go out with a bang.
The Block streams on Channel 9 and 9Now.
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