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Fortune for Ratbag founders


The Australian has a retrospective on Ratbag in light of the Adelaide studio's recent aquisition by Midway. In particular focus is Ratbag co-founder, Greg Siegele, who won't be spluring too much after the windfall...

FROM a work-for-the-dole entrepreneur to sharing a windfall of $7.27 million from the sale of Ratbag Holdings, the computer games company he co-founded, Greg Siegele has come a long way in 12 years.

"We started with no income, just payments from the National Employment Incentive Scheme, where we got dole payments and assistance from certified accountants," said Mr Siegele...

Mr Siegele, 37, said he planned to use his windfall to ensure that "I always have some freedom for the future. My only splurge might be a home cinema system, and I'll finally buy a house after the heat comes off the market."

Ah, what is to become of the winking Ratbag logo?

Submitted by anonymous (not verified) on Sat, 06/08/05 - 11:46 AM Permalink

  • 1. Anonymous Coward - Saturday, December 17, 2005 - 7:10:18 PM
    Ah, what is to become of the winking Ratbag logo?

    I think we've found out now :( It involves the toilet.