Attention Internet Explorer User

Your web browser has been identified as Internet Explorer .

In the coming months this site is going to be updated to improve security, accessibility and mobile experience. Older versions of Internet Explorer do not provide the functionality required for these changes and as such your browser will no longer be supported as of September 2020. If you require continued access to this site then you will need to install a different browser such as Mozilla Firefox, Microsoft Edge or Google Chrome.

Obituaries Australia

  • Tip: searches only the name field
  • Tip: use double quotes to search for a phrase
  • Tip: lists of awards, schools, organisations etc

Browse Lists:

Viertel, Charles (Carl) (1902–1992)

Charles Viertel, one of Queensland's richest men and a respected, if eccentric, player of the stock market, has died aged 90.

Born into a poor Brisbane family at the start of this century, Mr Viertel used his accountancy training to play the markets.

He was estimated to have a personal fortune approaching $100 million. He was rated by last year's Business Review Weekly as the state's fourth-richest person.

Although his personal trademark was frugality, considerable amounts of his money went to charity.

Charles Viertel was born into a "dirt-poor" family of 11 at at Kangaroo Point, in Brisbane, in 1902.

He wore his first pair of shoes when he was 15 and his first pair of long trousers when he played cricket at the Gabba in 1918.

While family life was happy, the attitude of others was distressing.

"Because we were poor they thought we were nothing," he once said.

"That's what drove me to achieve. I wanted a taste of the power that money could bring, not the material things that money could buy. I wanted to make sure nobody stepped on me again."

Dux of Kangaroo Point High School, he went on to join the Public Service and study accountancy by correspondence.

Mr Viertel bought his first shares when he was 20.

He made his first fortune in real estate around Brisbane, but lost "a fair bit" in the 1929 stockmarket crash.

Original publication

Additional Resources

Related Entries in NCB Sites

Citation details

'Viertel, Charles (Carl) (1902–1992)', Obituaries Australia, National Centre of Biography, Australian National University,, accessed 30 October 2020.

© Copyright Obituaries Australia, 2010-2020