It’s hard to imagine a more meteoric rise than that of Michael King.
At the height of the property boom in mid-2007, the former small-time Gold Coast lawyer had broken into the BRW Rich 200 with his ASX-listed MFS investment empire. He had interests across financial services, property, travel, leisure and childcare, which owned household brands such as Peppers, Mantra and Harvey World Travel and peaked with $4 billion of funds under management.
King’s ambitions were endless. In 2007, the MFS website carried an interview with the founder in which he said: “I plan for MFS in 10 years to be in the top 50 companies in Australia. It will be a substantial organisation and might look a lot like Macquarie Bank today.”
The jewel in King’s cro…
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