The 2023 List
Featured
- Exclusive
- Income tax
ATO freezes former Young Rich Lister’s muscle cars, mansion
The flamboyant accountant Steve Di Petta, who has a penchant for Ford Mustangs, is facing allegations he and his wife owe the Tax Office over $3 million.
- Max Mason
How a uni dropout went from Maccas to building a $100m company
Mark Woodland was expanding his education start-up before realising he’d overlooked a critical component for its success and he had to fix it.
- Julie-anne Sprague
- Exclusive
- Online gambling
Gambling mogul lists superyacht at $10m, starts retailing supercars
A spokesman for Laurence Escalante’s private office said the sales were part of a new business venture.
- Primrose Riordan
This former Young Rich Lister just spent $700k to alter his genes
Nick Bell’s first business failed, his next made him millions. The serial entrepreneur’s latest business venture involves helping people live longer.
- Julie-anne Sprague
The homeschooled billionaire who built a fortune before turning 40
Shaun Bonett was the country’s richest person under 40 in 2007. Now a billionaire, he shares his story, including a humiliating $25 million mistake.
- Julie-anne Sprague
Featured
Cettire defends CEO’s $127m share sale ahead of stock slump
Dean Mintz offloaded the stake in the luxury retailer after questions were raised about the company’s customs duties. He remains the largest shareholder.
- Carrie LaFrenz and Jonathan Shapiro
- Investigation
- Retail
We spent $1300 shopping at Cettire. Here’s what happened
It’s the buzziest stock on the ASX, thanks to “eye-watering” sales and wide margins. Customer reviews aren’t all so glowing. What’s behind the success?
- Jonathan Shapiro and Carrie LaFrenz
Gambling, pranks, lucrative contracts: Inside livestreaming site Kick
The Twitch competitor has doled out generous deals to content creators. It has also faced criticism for its lax moderation and embrace of online gambling.
- Kellen Browning
Young Rich Listers buy back Sweat for a song
Kayla Itsines and Tobi Pearce have regained control of the digital fitness empire they sold at the height of the pandemic.
- Michael Bailey
Classic guitar tones made this Young Rich Lister a 150-times return
An Australian start-up that allows record producers to license their signature sounds has taken off for Unified Music founder Jaddan Comerford.
- Michael Bailey
November 2023
Why this Young Rich Lister shuns Australian investors
“When you find something you really enjoy, sleeping really just gets in the way,” says Kevin Gosschalk, the Young Rich Lister behind Arkose Labs.
- Julie-anne Sprague
Meet the Young Rich Lister fighting bots for Elon Musk
The Brisbane-born Young Rich Lister behind Arkose Labs says a company’s marketing and cybersecurity teams must be forced to work closer together.
- Updated
- Michael Bailey
October 2023
Australia’s 100 richest people under 40 revealed
The Young Rich List, now in its 20th year, shows shop owners are thriving in another patchy year for tech founders, and there’s a new young billionaire in town.
- Updated
- Michael Bailey
A chicken heir, a Waterhouse and Ozempic: your Euro wedding bingo card
Getting married in Australia is so 2022. This year, all the best weddings were in one place and ticked plenty of the same boxes.
- Lauren Sams and Samantha Hutchinson
‘What the eff?’: Jack Zhang on Airwallex’s near-death experience
A close call with Silicon Valley Bank could have wiped out half a billion of capital. The swiftness of Airwallex’s response demonstrates why it’s a company to watch.
- Michael Bailey
A pair of statement heels landed this uni dropout on the Young Rich List
Argylica Conditsis’ business started when she couldn’t find bedazzled shoes. This year, she and brother William debut on the list of Australia’s most wealthy under 40.
- Eugenie Kelly
- Exclusive
- Fashion retail
His teachers said he’d end up in jail. Now he’s on the Young Rich List
Geedup founder Jake Paco has conquered his demons and is taking his cult streetwear brand from western Sydney to New York.
- Carrie LaFrenz
The 16 new faces on the Young Rich List
One made a fortune from glittery statement dresses, another sold up to Sam Bankman-Fried just in time. The newest self-made 40-and-unders are a mixed bag.
- Michael Bailey
One of the fastest growing categories for Young Rich Listers – vanity
Australian beauty brands have pushed out the established labels, from toothpaste to tanning, with a little product innovation and a lot of savvy marketing.
- Lauren Sams
The green energy multimillionaires taking over the Young Rich List
US-based investor and Young Rich List debutant Gregory Green made an estimated $100 million after selling his share of a landfill gas developer.
- Michael Bailey
This Young Rich Lister loves psychedelics, crypto – and art
Prash Puspanathan, an early adopter of cryptocurrency, has commissioned a giant robot for his pool.
- Michael Bailey
Lambo-loving Young Rich lister is a ‘shy person’
Known for his attention-seeking stunts and love of sports cars, Adrian Portelli has rocketed into the Young Rich List. But his business is under scrutiny.
- Tony Davis and Michael Bailey
September 2023
She was a Young Rich Lister. She hated it
Erin Deering was once one of the richest, young women in the country. It nearly broke her.
- Lauren Sams
Being an introvert helped set up this Young Rich Lister to make $1b
Alex Tomic didn’t find university challenging, so he quit. Now he’s worth $125 million and climbing, as the toothpaste-related company he formed with a childhood friend shines bright.
- Julie-anne Sprague
North Korea behind $60m heist from Young Rich Lister’s crypto casino
The FBI has credited North Korea’s notorious Lazarus Group, also known as APT38, for the hack.
- Max Mason
August 2023
Cettire founder pockets more than $200m in three sell-downs
Young Rich Lister Dean Mintz has confirmed he sold a chunk of shares this week, adding $100 million to the $107 million he had already snared.
- Carrie LaFrenz
Cettire founder $60m richer after earnings update
The Young Rich Lister Dean Mintz controls 45.94 per cent of the online luxury platform. His stake gained $60 million in value on Thursday.
- Carrie LaFrenz and Joanne Tran
July 2023
Commercial property is king, says Young Rich buyer’s agent
The demand for residential property among high net worth investors has plummeted, according to Rethink Investing’s Scott O’Neill.
- Michael Bailey
Meet the 11 rising stars from fund management’s ambitious next gen
These next-generation fund managers have a talent for picking stocks and a passion for investing.
- Updated
- Emma Rapaport
- Investigation
- Entrepreneur
Robert Bates used fake bank transfer to buy Francesca Packer a diamond
The wellness start-up founder, who is being pursued by his investors for more than $15 million, claimed that the ring was a fake and refused to pay for it.
- Jessica Sier
