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How the rich invest

August 2023

Australia has fewer millionaires.

Why Australia has 20pc fewer millionaires

About 1.8 million Australians have a personal wealth valued above $1 million, but the number shrank in 2022 because of interest rates, market and currency hits.

  • Duncan Hughes

June 2023

Jo Horgan with husband Peter Wetenhall, who put up his future salary to help secure a loan for Mecca.

Mecca revenues surge to more than $688m, new accounts show

The cosmetic giant’s owners, Jo Horgan and Peter Wetenhall, were paid $20 million in dividends in 2021, according to documents filed with the regulator.

  • Carrie LaFrenz

February 2023

SpeeDx CEO Colin Denver with co-founders associate professor Alison Todd and Dr Elisa Mokany.  The molecular diagnostics innovator scoring funding from Andrew Forrest’s Tenmile and Platinum Asset Management’s international healthcare fund.

Forrest’s Tenmile backs start-up solving a looming healthcare crisis

The mining billionaire’s health tech fund has chipped in to the company’s $26 million round, along with Platinum International Healthcare Fund and Northpond Ventures.

  • Yolanda Redrup

September 2022

The hotel has been sold by former Wallaby Bill Young and his family.

Rich Lister snaps up 195-year-old Wisemans Ferry Inn

Billionaire property tycoon Sam Arnaout has added the 195-year-old Wisemans Ferry Inn Hotel on the banks of the Hawkesbury River north-west of Sydney to his fast expanding hospitality empire.

  • Larry Schlesinger

December 2021

The Crestone-LGT deal shows “things are going well in Chifley Tower”.

More Crestones to come as private wealth firms soar

The high-net-worth advisory market will thrive as rich Baby Boomers retire, says BlackRock as a European royal family offers almost $500 million for Crestone.

  • Aleks Vickovich
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October 2021

Banking leak opens Pandora’s box of offshore accounts

More than 400 Australians have been named in a huge exposure of companies and financial institutions that has revealed secret investments and real estate deals.

  • Neil Chenoweth and Liam Walsh

June 2021

Zenith says there are more than 600 unlisted property funds managing assets in excess of $20 billion.

‘Turbocharged’ unlisted property funds at risk

Experts warn that inexperienced managers are offering high yields but taking on too much leverage.

  • Duncan Hughes

February 2021

Michael and Jacqui Clarke of Maxima Private

The rich shift focus to family offices, estate planning in 2021

High net worth individuals and families are increasingly establishing family offices to have a structure in place to manage their assets over multiple generations.

  • Edmund Tadros

December 2020

Lex Pedersen.

How SurfStitch's 'wild ride' inspired a luxury car fund

Lex Pedersen's Chrome Temple Investments has raised $5 million from wholesale investors to launch what it claims is Australia's "first luxury car fund".

  • Aleks Vickovich
Chanel handbags offered an annualised return of 6.0 per cent to investors 2010-20.

The art (and volatility) of collectable investing

Wealthy investors around the world allocate 5 per cent of their portfolios to "passion" investments like fine art, wine and jewellery. Should you follow the trend?

  • Aleks Vickovich

November 2020

AFR

Something ventured, something gained for high-flying VC investors

Australia's venture capital scene is growing fast but still has a long way to go to compete with trailblazers in other parts of the world such as Silicon Valley.

  • Duncan Hughes

October 2020

Andrew Forrest’s Sydney base.

Australia's richest property tycoons – and where they live

Almost a quarter of Australia's richest 200 people built their fortune through property – and now they live in mansions on large blocks with water views.

  • Elizabeth Redman
Tech billionaire Mike Cannon-Brookes has bought Sydney real estate like no-one else.

Inside Mike Cannon-Brookes' $240m+ property portfolio

The co-founder of software giant Atlassian has amassed probably the country’s largest collection of private homes, weekenders and farms for his personal use.

  • Lucy Macken

'Put me where I can't get sick': pandemic drives boom in island sales

The coronavirus has turned the niche, ultra-rich world of island commerce on its head, as brokers experience a flood of inquiries.

  • Heather Murphy

May 2020

Another moment in the sun for the iron ore price has put Gina Rinehart back atop the Financial Review Rich List.

Gina Rinehart tops Rich List in pandemic shakeout

A new wealthiest Australian is only the start of how COVID-19 has reshaped the Financial Review Rich List.

  • Michael Bailey and Julie-anne Sprague
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April 2020

David Hearn bows to the UK taxman

UK: Cruddy weather, cruddier tax for milk king

A $35 million share dump from The a2 Milk Company’s London penthouse-owning chairman David Hearn has certainly put the cat among the pigeons.

  • Liam Walsh

November 2019

Now worth $500 million, When Van Thanh Luong first arrived in Melbourne in 1982 he had to borrow 10c to make a phone call.

Meet the refugee eyeing a $1b float

Four decades after fleeing his homeland, Van Thanh Luong may now be Australia’s most successful Vietnamese refugee businessperson. We tell his story for the first time.

  • Greg Earl

September 2019

The super-rich often find it hard to enjoy their wealth.

How I teach the super rich to enjoy their money

It is not just worrying about being fleeced, but the lack of structure in the lives of the preposterously well-off that can make them unhappy - particularly those who have inherited their wealth, according to this adviser to the over $100 million club.

  • Camilla Tominey

March 2019

Wahlberg with F45 owner Rob Deutsch.

Why Mark Wahlberg snapped up a stake in F45

The Hollywood star might be known for his adventurous roles, but when it comes to investments Wahlberg describes himself as a conservative, hands-on investor.

  • Luke Housego