Who is Adrian Portelli
- 10 Nov 2024
Adrian Portelli purchases all 5 homes on Phillip Island!
In a Block first Adrian Portelli has purchased all five properties, dropping a cool $15million on the day! Portelli stunned the crowd when he revealed, post-auction, that he had bought every home on the show, either directly or via his secret buyer’s agent. Portelli has however confirmed that this would be his last Block auction and would not be returning for next season's auction.
House 5 from The Block 2023 sells at Auction after Adrian purchased it for a giveaway!
Eliza and Liberty's House from The Block 2023, has sold at an Auction on Sunday.
The girls took to instagram again with their hilarious antics, admitting they had regsistered as bidders... just in case!
The house was sold by Ray White with Auctioneer Tom Spanos, having kicked off with a $1 reserve the crowds were huge, looking like a scene from The Block Open for Inspections.
The house made it's way all the way to $3,245,000 before the hammer went down. Adrian had previously held LMCT+ Giveaways for the house but when the winners kept taking the cash he decided to run an Auction with a $1 reserve.
The girls said they were "so happy" that the house had sold to "a really lovely couple" the girls again thanking Adrian for changing their lives at The Block Auction Day in November 2023.
Eliza and Liberty, pictured at the auction with the new owners and Adrian Portelli, image via @elizaandliberty.
Eliza and Liberty were so excited the house had been sold to a "delightful couple" we wish them all the best in the incredible home the girls created on The Block 2023. Again thanking Adrian Portelli for changing their lives in November 2023. Image via @elizaandliberty.
Adrian Portelli spent over $12 million at The Block Auctions in 2023, all to prove he was never a dummy bidder back in 2022, and what a way to do it!
Take your mind back to The Block auction in 2022, we saw a new face at The Block Auctions, Adrian Portelli, founder of LMCT+ went into aa bidding war with Block regular Danny Wallis. Danny ended up the winner and purchased The Block House 5 from Omar and Oz, and Adrian went on to buy House 3 from Sharon and Ankur after the auction.
There was lots of media about it and people were curious wether or not Adrian was a serious bidder or had the funds to buy up at The Block?
"For everyone questioning the legitimacy of the auction, I was a genuine buyer with every intention to purchase that property," he wrote in an Instagram story back in 2022.
"Nobody is to blame for what happened. It's an auction."
Adrian Portelli at The Block Auction in 2022.
Well insert The Block 2023 auction where Adrian Portelli now owns three of the five houses. In a rollercoaster of an auction Adrian took home the winning house, House 4 from Steph and Gian, House 5 from Eliza and Liberty and House 1 from Kyle and Leslie.
Adrian reminded his instagram followers that he is infact very capable of purchasing the properties, taking House 4's bid from $4mil to $5mil in one bid! This was a move that knocked buyers advocate Frank well and truely out of the race on this one, and showed the crowd he meant business this year.
Adrian meant business at The Block 2023 auction and he was taking no prisoners!
“It's an incredible feeling. We are so overwhelmed right now and can't believe it. It was such a surreal day, and to end on such a high like this after all the hard work is amazing. We are so grateful that Adrian Portelli saw something in our house which we love so much. This will change our lives." the couple said.
“We have no idea what we are going to do with the money yet. It’s going to clear our debts in Sydney. It’s going to set us up for whatever the next stage is. It’s just unbelievable.”
Winners of The Block 2023, Steph and Gian with Adrian Portelli post auction.
Adrian took to his instagram on Saturday to say "that was a long ass day" now we know why! Taking to the gram Sunday with an update and a call to the winning two teams. image via instagram @adrian_portelli
Coming second on the day were sisters Eliza and Liberty in House 5, whose house sparked a battle between Adrian and Danny again.
Going for another knockout win again, Adrian bid against himself at one point just to make it clear he was out to secure the house, with an amused Danny conceding.
That gave Eliza and Liberty a million dollar profit, far in excess of what they had dreamed.
“Who wins that kind of money?” Eliza asked as she tried to process what had happened.
Moving to House 1, the bidders were again beaten by Adrian, who paid $3.1 million for Kyle and Leslie’s home, giving them a profit of $130,000.
“I got the hat trick!” Adrian joked.
“Just wow,” Kyle replied.
"I got the hat trick" said Portelli after the five houses had completer their auctions.
Adrian finished up the day by saying he wanted to prove "I am not a dummy bidder" he said it was "a fun day, we had fun and it's great to see the contestants reactions"
Adrian was the guest of honour at the Domain Listings Challenge on The Block 2023, but what was to follow on auction day was a suprise to everyone.
Adrian had been a guest at the Domain Inspections challenge, but the contestants had no idea what was about to happen on auction day, Adrian played it cool right up until the end.
Adrian became involved in a bidding war against Danny Wallis in 2022, going first in the auction order, both Danny and Adrian were determined to snare the luxe four-bedroom home and 10-acre property.
Adrian surely made quite the impression during his second Block auction appearance and it's left a lot of people wanting to know more about him.
So for those that don't know we will delve a little deeper into who Adrian Portelli is, from what he does for a living to his net worth, here's everything you need to know about the young businessman.
Adrian Portelli is a 33-year-old car enthusiast and online promotions guru from Melbourne.
The millionaire has made his fortune from running his own promotions and giveaway business and through property investing.
In August 2022, Adrian spontaneously bought a Gold Coast mansion in a $2.3 million deal. He reportedly owns another property on Queensland's Hope Island and is also building a house in Sanctuary Cove.
Adrian founded auto enthusiast club LMCT+, which is a promotions and giveaway platform with a focus on luxury vehicles and prestige houses.
The company is also Australia's largest and fastest-growing car community.
Adrian raffles off luxury cars and houses through LMCT+ here he is in his Block house from 2022, with winner Kevin and his wife Andrea.
Adrian started the business in 2018 with the vision of "giving everyday Australian's a chance to save thousands from our network and help change some lives along the way", as Adrian says.
The company also held the world's biggest car giveaway worth $1 million, where Adrian gave away HSV GTSR W1 Maloo Ute.
The 33-year-old is also behind charity The Little Legends Foundation, which aims to help brighten the lives of Australian children suffering from chronic illnesses and a range of different disabilities.
"At Little Legends, we work hand in hand with other charities like the Ronald McDonald House to fulfill wishes, host activities and events, and provide financial support when it is needed most," Adrian said.
Portelli's net worth is reportedly a whopping $350 million.
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