In my early years I recall no one ever took the time to help me setup my companies and guide me through the challenges and this has motivated me to give back and assist others. It is being built across four blocks that Iris Capital picked up in 2016 for $39 million. The City Hub is not aware of the current status of these claims. Photo: Supplied. Ramy Arnaout is an experienced entrepreneur with more than 25 years of business experience in a diverse array of industry sectors. Sam, real first name, Wassim, comes from a distinguished Lebanese family with Albanian origins reaching back to the early days of the Ottoman Empire. Sam Arnaout has further bulked up his Northern Territory hospitality footprint buying four hotels valued at more than $60m in Alice Springs. The luxurious Stamford Residences penthouse. Create a free family tree for yourself or for Sam Arnaout and we'll search for valuable new information for you. Solotel is also supporting its staff by offering them the choice to either use $100 at three of its venues that are selling takeaway . In 2006 Iris Hotel Group later became Iris Capital after selling the portfolio for $300 million. Mr Arnaout said Iris Capital has been looking to expanding its operations outside of NSW for some time, initially exploring a move into Victoria. Sam Arnaout Managing Director CEO Iris Capital Greater Sydney Area 2K followers 500+ connections Join to connect Iris Capital Company Website Activity A short stroll from Queengate, Beare. "We will take our time getting to know the locals and the area before we make any big decisions are the Steyne, but its does need some TLC -tender loving care - to bring it back to former glory. Several pub operators are pitching in to help boost morale and maintain a connection with their employees, and in some cases the wider industry, as staff struggle with extended lockdowns. Sydneys most expensive streets, youll be SUPRISED which street topped the list, Iris Capital's East End Village has hit the market, with agents from JLL and Commercial Collective appointed to the sale, The retail precinct was completed as part of Stage 1 of the East End Master Plan Project, Developer Sam Arnaout says the proposed sale of East End Village will help to reallocate capital towards completing subsequent stages. Examples include clonality, clonotypes per kiloread, and various . Mr Arnaout co-founded the development and hospitality group Iris Capital with his brother Sam Arnaout. Mr Arnaout added that Stages 3 and 4 of the project will now become Iris Capitals primary focus. Iris Capital has reportedly paid about $60 million for The Ivanhoe Hotel, which has been . They became young parents struggling, planning how to raise the child, and started their company together. Reveal personal & work email addresses, as well as phone numbers accurately with April 8, 2021. Iris Capital is behind Newcastle's $700 million East End development in the Hunter Street mall, is developing the Grand Hotel in Bondi Junction and owns the Colombian Hotel and Gaslight Inn in Darlinghurst and Pedens Hotel in Cessnock. Sam Arnaout may not be a household name like publicans Justin Hemmes or John Singleton, but his Iris Capital probably owns your local watering hole. Now that we know something of the local community, it is only fair that we also know something of the developer, Iris Capitals chief executive officer, Sam Arnaout. The 1.6 hectare East End site was sold to Sam by UrbanGrowth NSW and property group GPT for around $40 million, and will attract a $750 million investment in four stages to develop the Hunter Street Mall area for 155 new apartments and shops. He married his high school sweetheart Christine at nineteen. Sydney NSW 2000, Level 14, 385 Bourke Street 10x your recruitment & sales conversations Contact over 200M professionals instantly by email or phone. Offers such as East End, being brand new and providing significant growth potential are rarely provided in the market, concluded Mr Willis. SAM Arnaouts Iris Capital is selling the retail precinct within its $1 billion East End development that is transforming downtown Newcastle. Stay safe and healthy.". Richlister Sam Arnaout has put his stamp on another large suburban hotel and potential development asset forking out around $80m to buy the Strathfield Hotel in Sydney's west from the veteran . At the launch of a new development in Kogarah on Saturday, 147 of the 150 apartments offered off the plan had sold by midday. We appreciate their work and loyalty, and we hope to be together again soon. Expressions of interest close 3rd August. From boutique beginnings to layers of expertise passed down through generations, family remains the tie that binds our fledgling past to our flourishing winemaking future. Sam Arnaout: CEO of development and hospitality group Iris Capital. Sam Arnaout's Iris Capital has added five more assets to its Alice Springs portfolio. Level 1, 24 Young Street, "I guess for Manly locals, I can say I'm connected to the area as Des Hasler did coach the Doggies before heading back to the Sea Eagles," Arnaout says. The page you are looking for no longer exists. The 1.6 hectare East End site was sold to Sam by UrbanGrowth NSW and property group GPT for around $40 million, and will attract a $750 million investment in four stages to develop the Hunter Street Mall area for 155 new apartments and shops. Unlimited Reconstruction & Restoration Inc Business Data 216 S Citrus St, West Covina, California, 91791 (888) 883-5511. The 1970s saw John extend the Hungerford Hill brand beyond the boundaries of the Hunter, buying a property in South Australias Coonawarra region where he planted vineyards to produce a range of Hungerford Hill Coonawarra wines. "Pubs provide good cash flow for our development arm and allows us to unlock capital when we need," Arnaout says. As one of the oldest wine producing regions in Australia, the Hunter is littered with iconic familial reminders of our rich viticultural heritage, from Australias first wine families to some of the industrys oldest vines. In marketing the Kann Finch designed residence, Sothebys International Realty described it as, offering the privilege of acquiring an indisputably world class home. Were sorry, this feature is currently unavailable. Given retail is not within our core business and the fact that we are almost at 100% occupancy, we have decided to sell the asset and redeploy capital to other projects. Stay up to date with our free emails containing the countrys most important stories with our free email newsletters. The proposal to decimate Darlinghurst Road in Kings Cross is of such a scale that it will impact not only the geographical area of the proposal, but will also force unwanted change on the people living in its footprint. There are an additional 1,400 homes across 10 development projects surrounding Newcastle.. pico question for stroke patients; dog man stories. We decided we wanted to do something for our staff to help them get by and help them through what is a tough time, said the groups COO Paul Devine. Likewise, Aussie shift scheduling platform Deputy has teamed up with PlateitForward and Mirvac to deliver 100,000 meals to Sydneys casual, migrant and minority group shift workers unable to work during the extended lockdown. He also controls The Colombian on Oxford Street which he purchased in 2016 for nearly $15m. Back in July, Iris spent $58.5m to make its debut in the tourism capital by buying the so-called Niecon redevelopment package at Broadbeach. Perhaps you can return back to the homepage and see if you can find what you are looking for. Hailing from Sydney's western suburbs, Arnaout says he's a "tradie, a westie and a family man". mark sandell first wife; mitula properties kenya; shecky greene catskills; napoli palermo ferry; alice arnold and sandi toksvig; laci peterson obituary; nike point guard salary; how much does the cast of mash make per rerun? Theres going to be a wall of development so lots of rich people living there will be able to afford to buy from the shops underneath, local resident, Michael Gormly said. That has now reached 20 across Sydney, the NSW central coast and Newcastle. Coronavirus complicates problems faced by homeless, Qantas flight from Auckland to Sydney issues mayday due to engine troubles, Sydney predicted to reach 30-degrees for first time in longest cool streak, Public street art funding for Sydney councils to tackle vandalism, Greens newcomer Nick Ward to fight for Sydney at state election, An urban wildlife refuge could soon be coming to Glebe, Sydney to host International LGBT Choral Festival in February. When not in his restaurants, Chef Dorjan enjoys traveling with his wife and his two sons. Sam Arnaout and Bill Young have been among the most active traders in pubs in recent months as the sector approaches $2bn worth of deals for the year in NSW alone. Personalised advertising: We show you more relevant advertising based on your activity. Sam Arnaout's Iris Capital has acquired the Narwee Hotel from its long term owners the Ryan family, following an off-market process exclusively managed by Andrew Jolliffe, Dan Dragicevich and Sam Handy HTL Property. By 2006 the group had bagged 13 pubs, but soon realised that bigger bucks lay in developing property rather than selling beer and fermented spirits to building workers. Scope of Construction Inc Business Data 24121 RIMVIEW RD., MORENO VALLEY, CA 92557, United States, Moreno Valley, California. Also made a pile in technology . Mr Brown said buyers had been attracted to Revys unique Federation-era building, with its bluestone and brick walls, high ceilings and the fact it was metres from the harbour. The meals are distributed at King Street Wharf every Thursday. There are an additional 1,400 homes across 10 development projects surrounding Newcastle. The retail precinct forms part of stage one of the newly opened East End Village development, consisting of three mixed-use buildings clustered around a small public piazza, accommodating 206 apartments. Omar Arnaout - Executive . There are some very longstanding family vineyard brands in the Hunter Valley, your Tyrrells, your Draytons and the like, but after their era theres a big gap (of new vineyards being established), he says. Hotel Steyne owner Sam Arnaout tells story of how he went from panel beater to pub tycoon New owner of the Hotel Steyne Sarm Arnaout reveals his secret on how he went from panel beater to a pub and property tycoon. . "I"m delighted to have bought the pub which has, over time, lots of opportunity for development. Alan Jurd, of Jurd's Real Estate, was gagged by confidentiality orders from revealing the Sweetwater sale price. Sam Buttrey, a husband of professor Elinda Hardy, is a finalist to the Jeopardy! SAM Arnaout, the man who steers Sydney-based Iris Capital, appears to have developed a strong and expensive appetite for Gold Coast property. Xu was jailed for at least two and a half years in October 2018 after being found guilty of seven charges. Most notable was his position as Managing Director and CEO of Iris Hotel Group, originally a consultancy firm for the motor industry advising on setup, sales, and finance. It is believed Sydney hotel baron Ramy Arnaout and his wife Nadia are the new owners. Hungerford Hills acquisition came in the midst of a string of other Hunter-based purchases by Iris which stands for Independently Rising in Strength with the Arnaout family also taking control of the renowned Sweetwater vineyard and property near Belford, and the former Wyndham Estate property including the vineyard and winery buildings at Dalwood, which have been renamed Dalwood Estate. Investing heavily in the future of Hungerford Hill, the Kirby family purchased and completed the eyecatching complex then known as One Broke Road, with its unique cellar door designed by noted Sydney architect Walter Barda to resemble a wine barrel with the lid raised. Mr Arnaout co-founded the development and hospitality group Iris Capital with his brother Sam Arnaout. Planning for Stages 3 and 4 has not yet been finalised, though is expected to deliver 300 additional units upon completion. Arnaout, who entered the hotel industry in 1995, has a whole-floor penthouse in the Bennelong apartment complex which was bought from Margaret Maloney, the widow of the hotelier Cyril Maloney for $18 million in 2015. It has been expanding very rapidly in recent years. Its that heritage and old world charm that you cant replace.. less than 2 min read. Applejack Hospitality has also been giving back with its chefs and Applejack volunteers cooking up and delivering over 200 care packages across Sydney to all of its staff. 119 Belmont Street. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. View Sam Arnaout's profile for company associations, background information, and partnerships. A coveted position within the heart of The Rocks, this residence is home to the finest restaurants, bars, theatres and prestige retailers in one of Sydneys most historic quarters.. Ramy Arnaout, M.D., Ph.D. Arnaout, who heads up Iris Capital, set a Sydney apartment record last August when he paid $22 million for the whole-floor penthouse in the Bennelong building of the late hotelier Cyril Maloney and his widow Margaret. MORE: 10 original beach houses for under $500,000, Five things you should do when you buy an investment property. But while it may seem Arnaout, 43, has burst onto the scene, it has been a slow burn. East End Village is an inner-city shopping precinct occupying 2,768 sqm net lettable area, anchored by Woolworths Metro and complemented by 14 specialty stores. Rich Lister Sam Arnaout has outbid veteran Sydney hoteliers the Gravanis brothers in a race to acquire Casino Canberra from ASX-listed Aquis Entertainment, adding another trophy asset to his $5 billion hospitality empire. What is clear in my research for the shows is that people want and need a sense of history and community, Vashti said. Hungerford Hills Tasting Room is open daily from 10am to 5pm, closed on Christmas Day. Get our Tribal Newsletter for events and announcements straight to your inbox. When the pub was put up for sale in February, Manly locals were quick to say they didn't want "latte sippers from the east" as the new owners. Hunt Hospitality also has a Cook from Home initiative which sees its chefs provide a cooking tutorial online to enable staff to make restaurant quality food at home. Key points: Iris Capital has been penalised for failing to use the Banned Drinkers Register scanner on 189 occasions in a single day The shopping precinct offers buyers a total net income of $2.7 million and an attractive 3.4-year weighted average lease expiry. The Bennelong Apartments consist of three buildings. Jul 1, 2022 - 1.12pm Share New Rich Lister and billionaire Sam Arnaout has added another major hospitality venue to his burgeoning Iris Capital pub, hotel and development empire, after buying. Buyers spend $130 million on luxury units in old spy . East End Village will service a wide geographical catchment with a total trade area of 173,000, with an additional 30,000 within a three kilometre radius. The series chronicles the daily happenings and family dramas in a neighborhood in Damascus, Syria in the inter-war period under French rule when the local population yearned for independence. Call us today if we can help you. development that will see the Bourbon Bar bulldozed to make way for luxury apartments. Famous in her home country as sister milk tea, 25-year-old Chinese billionaire Nancy Zetian Zhang may have to cut down on the cuppas after taking a Sydney property bath. The brand quickly became renowned for its award-winning varieties, but in 1985 the family-owned enterprise hit a serious roadblock after John lost control of the Hunter-based business in a hostile takeover. We appreciate their work and loyalty, and we hope to be together again soon. I havent been in the market for an apartment when I saw what was being built here and the finishes being presented thats what drew me, Mr Arnaout said. Ramy Arnaout, MD, DPhil is Assistant Professor of Pathology at BIDMC and Harvard Medical School, Associate Director of the Clinical Microbiology Laboratories at BIDMC, and cofounder of the Department of Pathology's Genomic Medicine Initiative. The present splurge, led by rising property values and low interest rates, is being encouraged by Government departments with developers on speed dial and inexperienced local councillors who do not listen to their constituents. Zhang, who became a social media star in China in 2009 after a picture of her holding a cup of tea went viral and earned her the sister milk tea moniker, had bought the penthouse six months before marrying Mr Liu. "The secret to a good pub is knowing the locals. 2020 CityHub Media. However, a July 2015 report in The Australian ended Sams smooth ascendancy when it reported that he and brother Ramy were in dispute with the ATO over the amount of tax owing on a sale of a $300 pub asset sale. Long before the first vine was planted in the rich volcanic soil at Pokolbin, the plot on which Hungerford Hill was founded had spent years as a family-run cattle farm. www.hungerfordhill.com.au, Read the full story of Hungerford Hill in the Spring issue of Hunter&Coastal Lifestyle Magazine. Chief Executive of developer Iris Capital, Sam Arnaout and Newcastle Lord Mayor, Nuatali Nelmes welcomed the beginning of works, turning the sod yesterday afternoon. Try for free at rocketreach.co Moreno Valley, California. UMass Memorial Medical Center - Memorial Campus. Odd Cultures Oxford Tavern is selling T-Shirts online for pick up and delivery, with all profits going directly to its hospo staff who have lost work during the lockdown in the form of grocery packs. First published 18 February 2021, 12:00pm. Stage 1 comprised of three mixed-use buildings centred around a small public piazza, delivering 206 apartments to the Newcastle area. Maintaining a connection with staff is also important in an industry suffering skills shortages. These people are our baristas, shop assistants, hairdressers, chefs, cleaners, customer service staff the essential workers that have kept our cities operating through the pandemic and we owe them this kindness as we rebuild., Your email address will not be published. AVC has reignited the program in Sydney where it prepares around 3000 mealsfor anyone in the industry who needs them AVC employees or other jobless hospitality staff. realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) REA Group Ltd. Aussie homeowners get nasty new year surprise, 10 original beach houses for under $500,000. Subscribe to our newsletter to get our newest articles instantly! He has also completed a Diploma of Construction Managementfrom what was formerly Ultimo TAFE. The Collection Fouad Debbas in Beirut, which contains over 35,000 images (glass-plate negatives and positives, albumen and collodion prints, photographic albums, visiting cards, postcards, stereoscopic views, and old engravings and books) is probably one of the most important photographic collections on the Near East. And with the purchase of the popular Hotel Steyne in Manly, affectionately known as the "drain" by locals, for a suggested $60 million-plus last week, Arnaout has cemented his position in the sector. Please try again later. Most notable was his position as Managing Director and CEO of Iris Hotel Group, originally a consultancy firm for the motor industry advising on setup, sales, and finance. With the new owners selling off the winery, tourism complex and vineyards, the Hungerford Hill brand was left homeless for five years until being acquired by South Australian-based industry powerhouse Southcorp. Iris has rebuilt the city centre in Sydney's leafy Hunter's Hill over the course of 12 years.However, in 2016, Iris bought a development site in Newcastle's East End, and set out to win council approval for a four-block, 700-home project that would cost $1 billion when completed - $1 should be worth $2. Resorts), she announced that she could not hold a license.\"There are undoubtedly lessons about not doing things,\" Arnaout said, citing the ensuing scathing investigation into Sydney's Star Casino.Iris Capital plans to add an art hotel to its Alice Springs casino complex.However, he noted that the Iris business already has around 1,300 poker machines, as well as betting shops in bars.\"The casino is just a bigger version of what we already do,\" he said.\"And while these requirements are still fresh in my memory, passing the good faith check is very strict, I can tell you.\"Arnaout's plan to spend $100 million on a new hotel and other upgrades in the casino precinct, along with the Broadbeach project, is part of Iris' plan to diversify from its NSW base.\"The Covid-19 pandemic has taught me that Australia is made up of seven countries, not seven states and territories,\" Arnaout said.\"It really opened my eyes to a more geographically dispersed situation.\"humble beginningsBut Arnaout's ambition was once just to buy a job.Sam flees conflict in Lebanon at age two Iris Capitals website shows them currently operating 13 pubs, including the Colombian and Gaslight in Darlinghurst, the Grand in Bondi Junction and the Bourbon and Empire in Kings Cross. West Covina, California. In 2016, Hungerford Hill started the next chapter in its story, after Kirby sold the brand and its Hunter, Tumbarumba and Hilltops vineyards to Iris Capital, a family owned business established by Sydneybased panel beater turned publican Sam Arnaout and his wife Christie. Sold - The Ivanhoe Manly. The development includes an upgrade of the club as well as a rooftop terrace and open-air cinema for residents of Veridian. View the profiles of people named Sam Arnaout. No. To be part of facilitating this process for Australian private businesses as a Coraggio Chair is a privilege and my vision is to work collaboratively with business owners towards future-proofing their companies and generating greater employment opportunities. We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders. In 2013 Iris Capital sold the Crest Hotel in Potts Point and the Crown Hotel Parramatta to Chinese developer Greenland for a combined price of $170 million. In 2015 Sam set the Sydney real estate market buzzing with his purchase of a whole-floor apartment in the Toaster building for $22 million, a record for an apartment in Sydney at the time. All rights reserved. Maya Arnaout and Harry Sharp are both registered at this address. Dr. Omar Arnaout, MD is a Neurosurgery Specialist in Boston, MA and has over 13 years of experience in the medical field. Together with wife Christie, Arnaout had the first of his two children aged just 19. If its run of the mill it will go a lot slower.. Samir Akram Arnaout, 68 Resides in Plano, TX Lived In Dallas TX, Duncanville TX Related To Christina Arnaout, Linda Arnaout, Diane Arnaout, A Arnaout Also known as S A Aranout, Sam Arnaout, Samir A Aranout, Akram Arnaout Includes Address (3) Phone (3) Email (3) See Results Statistics for all 2 Sam Arnaout results: 59 yrs AVERAGE AGE Commenting on the current development bonanza in 2014, Ray White Hotels managing director, Andrew Jolliffe, told The Australian newspaper, In a low interest rate cycle, the opportunity to invest in high yielding A-grade property assets complete with the potential to improve already impressive cash flow themes is seldom available. But when it is on the scale of what is currently happening across NSW, it is often detrimental to the locality, its heritage and the lives of the people living there. He acknowledges that Manly locals are very "parochial" about the Steyne and wants to work with them to restore it back its "former glory". Join Facebook to connect with Sam Arnaout and others you may know. The first vines were planted in 1967 and by the time his initial vintage was ready in 1970 John had also built a winery on site. The Woolworths Metro-anchored shopping village consists of 14 additional specialty stores and spans 2,768 sqm of Net Lettable Area. It's about understanding the area and offering what people want," Arnaout says. Were absolutely delighted with the success of what we have created within the precinct in particular the quality of businesses that have been drawn into Newcastle CBD and East End Village, Arnaout said. Sam Arnaout is attractive to the public; he is a tycoon with a fortune counted in billions. "However, the way the market is heading and how buyers have responded to south-east Queensland has definitely driven our decision to expand further north as opposed to Victoria," said Mr Arnaout. Zhang, who is Chinas youngest female billionaire, bought the luxurious three-level 28a Stamford Residences penthouse in The Rocks for $16.2 million in April 2015. Sam Arnaout in California. JLLs Nick Willis and Dylan McEvoy, alongside Commercial Collectives Adam Leacy, have been appointed to the sale of East End Village via an international Expressions of Interest campaign. East End Village forms part of Iris Capitals larger mixed-use development plans within the Newcastle area, known as the East End Master Plan Project. Get 5 free searches. tegnologie-in-marathon-pdf 2/8 Downloaded from bdhdo.tamba.co.uk on January 18, 2023 by guest each lesson and on each form of assessment * suggested answers to the activities in the Learner's Brisbane QLD 4000, Level 5, 1 Margaret Street Measuring the Diversity of Diversity Measurements in High-Throughput Biology [login at prompt] Diversity is one of the most basic properties of large, complex systems, and therefore one of the first things investigators measure, but is often mismeasured. The East End project is estimated to be home to around 1,500 residents living across the four stages of the development in the next five years. Earlier this year Domain revealed that he was the buyer of Sydney's most expensive apartment, the late Cyril Maloney's penthouse in the iconic "Toaster" building, for $22 million. JLLs Dylan McEvoy said the retail precinct is set to become a vital piece of social infrastructure in Newcastle, the states second-largest city behind Sydney. Rocketreach finds email, phone & social media for 450M+ professionals. Heres where new investors and first home buyers can buy in 2023, Almost one in two Aussies prefer renting over buying a house, the post-pandemic trends you wont expect, Western Australias most beautiful country homes: youll be amazed what they look like inside. Sam Arnaout, is the new owner of the Hotel Steyne at Manly Beach. Sam Arnaout Sam Arnaout. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Thirty eight year-old Sams rise onto the Sydney property scene began in 1995, when he and his brother Ramy formed Iris Capital, quickly establishing themselves as major players by buying up a hefty portfolio of Sydney hotels. Dr. Arnaout has extensive experience in Neurocritical Care Disorders. Prefer us not to? Iris Capital has become a major investor in the Hunter Valley wine region with the Dalwood Estate and the Hungerford Hill Winery while also selling house-and-land packages at the $60 million Wyndham Ridge Estate. Now Ramy is the CEO of Arnacare a specialised NDIS approved builder, focused on boutique residential and commercial properties and working with clients on best practice and effective building outcomes. Sam Arnaout's Iris Capital has struck a deal to purchase Casino Canberra for $63 million, outbidding a rival pub group by $5 million. Iris Capital owns expanded site, The Bourbon in Potts Point. A mix of motels and pubs, the properties are being acquired from four buyers for a speculated total of over $75 million. The Arnaouts bought their first pub, the Horse and Jockey, at Homebush, and have since traded some well-known sites, such as the Clovelly, and have redeveloped the Bourbon and Empire pubs in Potts Point. James spent the next 14 years building on Hungerford Hills proud reputation for distinguished wines, with a string of chief winemakers, initially led by Phillip John, adding their own layers of knowledge and experience to help create a portfolio of wines that continue to win national and international acclaim today. AVCs Meals for Hospo Mates initiative was launched during last years lockdown to supply free meals to the hospitality sector. A large number of co-working operators are looking to expand this year, with city centres the focus of efforts, Some owner-occupiers who sold when conditions seemed right are finding it challenging to secure the right lease in a tight market, Iris Capital lists East End Village shopping precinct, Get the latest real estate news delivered, Mid-week ASX property wrap: 18 January 2023, The future of West Australian medium density is out of the box, Perth property popularity a double edged sword as rents soar and properties scarce. All rights reserved. We use cookies to ensure that we give you the best experience on our website. Mr Arnaout's $63m purchase of Canberra Casino, which saw him challenged by fellow pub barons the Oscar Group, comes as his second buy of one of Australia's few casinos. Search Background Check Edit Listing. . There is no one-size-fits-all model. "I'm passionate about property and while my mates were out partying in their 20s, my wife, who was my high school sweetheart, and I founded Iris Capital - which stands for Independently Rising in Strength - and worked very hard raising two kids," Arnaout says. Back in Newy, Im a real believer in Newcastle Sam was shoring up his love of the region with the 2016 purchase of the 48 hectare Sweetwater estate at Pokolbin, and a year later snapping up the historic Dalwood-Wyndham wine estate. An alumnus of MIT, he received his doctorate in mathematical (systems) biology from Oxford University on a Marshall Scholarship and his MD from Harvard . 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