Inside the rich list lifestyle of Ahmed Fahour CEO during Latitude Financial ... trends now
The flashy company boss at the centre of what could be Australia's biggest-ever corporate data leak is a notorious self-promoter whose extravagant salary packages have sparked outrage.
Ahmed Fahour, 57, is CEO of Latitude Financial, the interest-free credit card and buy now, pay later company used by stores like Harvey Norman and Apple in Australia.
The company has now revealed the personal details of up to 15million customers - including driving licence and passport numbers - have been leaked in a devastating hack set to overshadow even last year's massive Optus breach.
But as the backlash explodes over the huge data management failure, Mr Fahour will this week walk away from the company at the height of the crisis when he quits after four years in the job.
Mr Fahour, who announced his departure plans in August last year, is set to spend more time with his newlywed second wife Hannah at their freshly-built $5.1million beachside dream home in Melbourne's ritzy Sorrento seaside suburb.
Ahmed Fahour (pictured with second wife, Hannah), 57, is CEO of Latitude Financial, the interest-free credit card and buy now, pay later company used by stores like Harvey Norman and Apple in Australia.
Ahmed Fahour sold his Hawthorn mansion Invergowrie (pictured) for a staggering $40.5million in 2021, doubling his money in eight years after buying it for $20million in 2013
Ahmed Fahour drove a luxury Maserati supercar (similar to the stock image pictured) with the rego AMAZNN while Australia Post CEO
He paid in cash for the bespoke five-bedroom house using the massive profit he made selling Hawthorn mansion 'Invergowrie' for a staggering $40.5million in 2021, doubling his money in eight years after buying it for $20million in 2013.
The twice-married father of four children, from his first marriage to yoga teacher Dionnie, drove a Maserati supercar with the rego AMAZNN to work while CEO of Australia Post before leaving in 2017 amid high drama over his salary and bonuses.
'Part of Ahmed's background and capability is that he's pretty much a good sales guy and he sells himself very well,' John Stanhope, his former chairman at Australia Post, admitted in a recent profile on the boss.
'He genuinely believes he's worth the value he demands.'
The Muslim son of Lebanese immigrants - one of eight children - is shameless about his knack of always negotiating the best possible deal for himself.
That trait was first noted 18 years ago when he was appointed CEO of NAB.
At the bank's 2005 AGM, a previous NAB CEO, Neil Clark, highlighted Mr Fahour's lofty valuation of himself.
He revealed Mr Fahour had earned more in his first 28 days with NAB than Mr Clark had done in 45 years of working at the highest levels of Australian banking.
Ahmed Fahour has revealed how his parents relied on an unsecured loan like those offered by Latitude to first set up home and business after they arrived in Melbourne from Lebanon in the 1970s.
They approached Avco, the personal lender sponsor on the back of the guernseys of their local Carlton AFL club at the time, and were given $10,000 to open a Middle Eastern sweet shop and kick start their new life in Australia.
Mr Fahour admits the interest rate was probably exorbitant - but insists the more important point was they were given a chance they would not have been given by the banks.
Lebanese-born Mr Fahour is a large donor to Melbourne's Islamic Museum of Australia, founded by his brother Moustafa, with his sister Samira El Khafir - who competed in Masterchef - running the cafe.
Pauline Hanson questioned his Muslim background during the Australia Post pay row, but Mr Fahour snapped back: 'I love this country so much.
'We came here legitimately, we assimilated, and we love being in this country.
'I felt really sad for the senator that she would descend to that level of commentary.'