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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

Is fortune written in the stars? Check the Young Rich Lister horoscope

Our resident astrologer examines Australia’s wealthiest Millennials by zodiac sign.

Meet this year’s 26 new Young Rich Listers

There are 26 debutants on this year’s Young Rich List who have fashioned wealth in everything from online retail to cryptocurrency computer games.

  • Julie-anne Sprague and Michael Bailey

Why a video game built on blockchain is the ultimate crypto coup

What do you get when you combine video games with cryptocurrency? Lots of new Young Rich Listers, including Warwick brothers Kieran, Grant and Aaron.

  • Jessica Sier

The fast, loose (and lucky) life of a crypto anarchist

Sergei Sergienko has crammed a lot of life experience into four decades, and is the first to admit he’s not always been a squeaky-clean operator.

  • Jessica Sier

Like our Young Rich cover? You can buy it for charity as an NFT

The cover of this month’s magazine has just been “minted” as a non-fungible token, or NFT, which will be sold to benefit The Smith Family charity.

  • Matthew Drummond
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Featured

Wealth of Australia’s 100 richest Millennials hits $41.3b record

The 2021 Young Rich List includes more women and more billionaires as next-gen entrepreneurs use technology in more inventive ways than ever.

  • Updated
  • Michael Bailey and Julie-anne Sprague

To wind down from work, this Young Rich Lister fires up the barbecue

Finder’s Jeremy Cabral usually grills food on his inner-Sydney balcony. Now he’s taken his tongs to Colorado.

  • Philippa Coates

Quitting McKinsey led this man to a $40m fortune

Young Rich Lister Alex Dorsch made his fortune from an old school industry, a rare feat among this year’s self-made entrepreneurs.

  • Julie-anne Sprague

Wellness couple fight back from failure to join Young Rich List

Almost one in 10 members of the ranking is riding a wellbeing wave. Jessica Sepel’s JSHealth has just hit the big time.

  • Julie-anne Sprague

The women building fortunes from supplements, serums and squats

There are 11 entrepreneurs on this year’s Young Rich List carving out fortunes from a boom in health and wellness. They’re collectively worth $1.2 billion.

  • Julie-anne Sprague

October

The Young Rich Lister brothers who beat Amazon at its own game

The $2 billion sale of A Cloud Guru this year is the biggest exit of an Australian software company. Meet its founders, Ryan and Sam Kroonenburg.

  • Michael Bailey

This Young Rich Lister has raised $168m with Fast checkouts

The founder of Fast, Domm Holland, has attracted seed funding from the likes of Afterpay founder Nick Molnar to make his one-click checkout button ubiquitous.

  • Michael Bailey

It started in a tiny garage, now this car tech company is worth $300m

Six years ago, Peruvian Australian Federico Collarte had a light-bulb moment about what that many believe is the essential ingredient for self-driving vehicles.

  • Tony Davis

How this doctor became a billionaire by selling burritos

For Young Rich Lister Sam Prince, becoming a billionaire is not the most remarkable thing he’s done this year.

  • Michael Bailey

Quitting EY made this ex-accountant a $47m fortune

Jane Lu quit her accounting job for a retail start-up but couldn’t tell her parents at first. Now she’s a Young Rich Lister.

  • Julie-anne Sprague
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September

Canva founders to give $16.5b fortune away

The married couple behind Canva are worth $16.5b after the visual communication platform hit a $55b valuation on Wednesday, but Melanie Perkins and Cliff Obrecht plan to give almost all of it away.

  • Updated
  • Michael Bailey

August

Envato profit soars as Rich List founders decamp to Darwin

Collis and Cyan Ta’eed are the first Financial Review Rich Listers to live in Darwin, and their online marketplace has just booked record profits, bankrolling their philanthropy.

  • Michael Bailey

Why Zoe Foster Blake may be left with a $100m problem

The $89 million sale of just over half of Go-To Skincare is great for BWX’s e-commerce aspirations, and a nice payday for the founder, but what about the rest?

  • Adir Shiffman

How former beauty editor Zoe Foster Blake built a $177m empire

It was another skincare brand founder, Megan Larsen, who gave Zoe Foster Blake the push to become a business builder.

  • Julie-anne Sprague

July

E-commerce Young Rich Listers in $101m split

A Young Rich Lister behind one of Australia’s most successful e-commerce businesses has bought out his co-founder, for what on some measures looks like a steal.

  • Michael Bailey

Young Rich Listers sell popular Sweat app

What started as a humble fitness e-book guide morphed into a hit fitness app that Sweat founders Kayla Itsines and Tobi Pearce have sold to a US player.

  • Updated
  • Julie-anne Sprague

Aussie start-up closes $2b deal to be acquired by US firm

A Cloud Guru’s CEO will run the cloud division of Nasdaq-listed Pluralsight after its deal to acquire the Australian online training company closed.

  • Paul Smith

Young Rich Lister makes $200m bet on tech for airports

Aaron Hornlimann’s Elenium Automation will fund a program designed to help install post-pandemic technology such as touchless check-ins and biometrics.

  • Jessica Sier

June

Former Young Rich Lister launches adtech venture Linkby

Pedestrian co-founder Chris Wirasinha is back, this time helping direct-to-consumer businesses connect with publishers and form ‘cost-per-click’ arrangements.

  • Yolanda Redrup

May

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
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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

April

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

March

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

February

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