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Wealth

Young Rich

The definitive list of our best and brightest next generation of entrepreneurs, aged 40 and younger. See who's up, who's down and meet the debutants in the Financial Review Young Rich list.

Featured

How we shot the 2021 Rich List

There were a few dramas trying to capture some of the stunning photos for this year’s list of Australia’s wealthiest people.

  • Matthew Drummond

Street cred propels Culture Kings onto Rich List

Simon and Tah-nee Beard started off selling clothes at a Gold Coast market. Now their estimated net wealth is $626 million and Culture Kings is bound for the US.

  • Julie-anne Sprague

Young Rich Lister opens digital agency to take on global behemoths

Former Young Rich Lister will challenge “over-charging” agencies within holding groups.

  • Miranda Ward

Brisbane couple builds tech giant on the quiet

The hunt for the next Atlassian could be over after Paul and Sonia Stovell’s little-known Octopus Deploy got one of the biggest Australian tech VC investments.

  • Paul Smith

Why Zoe Foster Blake is selling a stake in Go-To

Beauty entrepreneur and Financial Review Young Rich Lister Zoe Foster Blake has confirmed she’s offloading a stake in her growing Go-To Skincare company.

  • Julie-anne Sprague
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Featured

The Young Rich Lister who’s also won Magician of the Year

In developer circles he’s known as Magic Keith. To the rest of Australia, he’s the extremely successful creator of software company Buildkite.

  • Updated
  • Philippa Coates

Tech whiz expects expats to swoop on $30m Toorak mansion

The sprawling property includes a four-bedroom home with a lift, gym, cinema and cellar as well as a separate home office surrounded by rolling lawns.

  • Larry Schlesinger

Australia's richest young people: the full list revealed

Thanks the pandemic, there's been a dramatic surge in the fortunes of Australia's 100 richest people aged 40 or under. Here's the full rundown of who they are - and how they made it.

  • Updated
  • Michael Bailey and Julie-anne Sprague

To $3b and beyond. What’s the Zip Co special sauce?

Thanks to a pandemic tailwind, and the right partnership, Larry Diamond has zipped up the ranks of Australia’s young entrepreneurs.

  • James Eyers

Fashions on the tech field: We rate six start-ups’ T-shirts

Start-up companies are all about creativity, innovation and opportunity. So how does their merch measure up?

  • Lauren Sams

November 2020

Fresh face joins Young Rich List as skincare cleans up in pandemic

The beauty writer-turned-blogger, Instagram influencer and author has tapped into a gold mine with her lean, clean beauty regime.

  • Julie-anne Sprague

Meet Australia’s newest and youngest self-made millionaires

Zoe Foster Blake is one of 18 debutants on this year's Young Rich List, which since 2003 has ranked the wealthiest self-made Australians aged 40 and under.

  • Julie-anne Sprague and Michael Bailey

Calling nerds with no business experience: venture capital wants you

If a successful start-up founder is the pop star of the modern era, then today’s venture capital funds are like record label talent scouts in the early 1990s.

  • Matthew Drummond and Jemima Whyte

Forget Ferraris, this Young Rich Lister is happy with his Honda

Old-school cars were once Tim Fung’s ticket to getting around Sydney. Now they are hurtling him around the racetrack.

  • Philippa Coates

The Young Rich Listers racing to create $1b companies

Robert Bates and Emma Gibson are in a race for unicorn status after building a $140 million fortune that pushes them onto the Young Rich List.

  • Julie-anne Sprague
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What’s a start-up really worth?

It’s a necessary evil of this bull market that so many companies are now valued on multiples of their sales, as opposed to profits.

  • Vesna Poljak

Third Finder original joins exclusive club

Jeremy Cabral was quietly given 10 per cent of Finder when he joined in 2009. That holding has now propelled him into the Young Rich List alongside the product comparison site's co-founders.

  • Michael Bailey

From playing NRL to a $347m fortune

Wes Maas debuts on this year's Financial Review Young Rich List after creating a fortune from a company he set up when he was just 22.

  • Julie-anne Sprague

September 2020

Steve Smith hits a six-bagger with Snappr investment

The Australian cricketer, who has made a ton on paper with Koala Mattress, has also scored big with his early backing of an Aussie-founded photography marketplace.

  • Michael Bailey

Pepperstone hit in 'sophisticated and multifaceted' cyber attack

Australian based derivatives and forex broker hit in a second targeted attack by cyber criminals.

  • James Frost

August 2020

Airtasker's Tim Fung – from the suburbs to the Young Rich List

The co-founder and chief executive of the odd-jobs platform discovered his entrepreneurial streak by pulling out his father's grey hairs.

  • Michael Bailey

Afterpay shares hit record high on $82m European deal

The fintech juggernaut will roll out its Clearpay brand across Europe after buying Spanish payments company Pagantis for €50 million.

  • Jonathan Shapiro

Rich Listers Kayla Itsines and Tobi Pearce split

The couple behind the globally successful Sweat app are breaking up, just a year after pooling their investment in the company.

  • Julie-anne Sprague and Michael Bailey

Young Rich Listers fly as Buildkite valued at $200m

The Melbourne-based makers of a testing tool for software developers will join the ranks of Australia's wealthiest 40-and-unders after attracting $28 million from US investors.

  • Michael Bailey

BigCommerce founders bound for Rich List after sizzling IPO

From humble beginnings above a Rozelle phone shop, Eddie Machaalani and Mitchell Harper are set to burst on to the Financial Review Rich List with fortunes of about $650 million each.

  • Michael Bailey
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July 2020

The executives building fortunes from gold's dazzling run

A number of mining executives are getting paper rich off the back of the soaring gold price.

  • Julie-anne Sprague and Robert Guy

Afterpay founders cash in as they race up the Rich List

Afterpay founders cash in on the booming success of their buy now, pay later company, bolstering their position on the Financial Review Rich List.

  • Julie-anne Sprague and Michael Bailey

June 2020

Tim Gurner's lockdown game changer

The Rich Lister reveals why 5.30am is the most productive part of his day and why he won't be doing much business travel when restrictions are lifted.

  • Natasha Boddy

Beauty queen Kate Morris on her $100m year

Far from slowing her down, COVID-19 has taken the founder of Adore Beauty from strength to strength.

  • Susan Owens

Nick Bell's plan to ban long meetings

Young Rich Lister Nick Bell reveals how COVID-19 inspired a new business venture and encouraged him to abolish unnecessary meetings.

  • Natasha Boddy