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    Wealth

    Rich List

    Rich List 2024

    Featured

    Shaun Bonett is the Rich Lister who controls Prezzee, a gift card provider.

    Rich Lister’s ‘billion dollar’ company faces $79m loss

    Shaun Bonett bought into Prezzee in 2015 and has slowly increased his control over the business. New figures reveal it lost $79 million in the 18 months to December 31.

    • Primrose Riordan
     Tash Oakley at Ursula’s in Paddington.

    The day everything changed for Young Rich Lister Tash Oakley

    For the 33-year-old who made her millions in swimsuits and Pilates, her business was literally her body, then suddenly it simply couldn’t take it any more.

    • Lucy Dean
    Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar are still bullish on Atlassian’s outlook

    Why Cannon-Brookes, Farquhar are down $15b in just two months

    Concerns about Atlassian’s cloud growth rate have triggered a share sell-off, which has wiped a combined $15.4 billion off the valuations of its co-founders.

    • Yolanda Redrup
    WiseTech co-founder Richard White.

    The Rich Lister who avoids risk at all costs

    Richard White wanted to be a rock ‘n’ roll star. He ended up developing software for companies in logistics and is now the 11th wealthiest person in Australia.

    • Julie-anne Sprague
    Georgia Geminder is carving her own path in business with Gem Oral Care.

    This Rich Listers’ daughter is forging her own path in business

    Georgia Geminder launched her own toothpaste at the start of 2020 after three years of research. Now she has found a new “boring” category to transform.

    • Yolanda Redrup
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    This Month

    Amazon gift cards in the United States are no longer available on the Prezzee platform.

    Shaun Bonett’s Prezzee has a costly run-in with Amazon

    The gift card payments group controlled by the billionaire has had to stop selling the popular vouchers in the US, undermining a key revenue stream.

    • Primrose Riordan
    The first boat in production by Sam Beck’s KARVE Marine.

    Can’t find the boat you want? For $2.3m, Sam will help you build it

    Property development isn’t always a 9 to 5 job, Sam Beck says, so he created a hobby business custom-building multimillion-dollar catamarans.

    • Updated
    • Yolanda Redrup
    Raphael Geminder and wife Fiona  at the 2023 Melbourne Cub.

    Rich Lister Geminder plans board shake-up if Pact bid falls short

    Raphael Geminder may need to wait until June next year to try to delist the underperforming Pact Group, as his takeover bid closes after 13 extensions in nine months.

    • Simon Evans
    Laurence Escalante is the founder of Virtual Gaming Worlds.

    Laurence Escalante’s Virtual Gaming Worlds delivers monster dividend

    The record payout for shareholders comes despite increasing legal scrutiny of the company’s business and its popular Chumba Casino and Luckyland Slots.

    • Primrose Riordan
    Afterpay co-founder Nick Molnar in Sydney on Tuesday.

    Boost for Afterpay as Block drops plans for Cash App in Australia

    Afterpay Plus will make buy now, pay later more ubiquitous, says Nick Molnar, in his first public comments on the growth strategy in Australia post-acquisition.

    • James Eyers
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    May

    Stake.com founders Bijan Tehrani and Edward Craven.

    Stake.com billionaires buy more of local bookie Pointsbet

    Ed Craven and Bijan Tehrani first bought shares in December through their fast-growing company EasyGo Gaming.

    • Zoe Samios
    Mike Cannon Brookes, Richard White and Nicola Forrest are among the Rich Listers tied to listed companies.

    How to invest like a Rich Lister and beat the market

    There are 37 listed stocks linked to Rich List members, and their ability to deliver above-market returns is impressive. 

    • Updated
    • James Thomson
    Financial Review Rich List: Australia’s wealthiest people in 2024.

    Australia’s wealthiest 200 now control $625b

    Technology is back, resources rode a roller coaster and property growth returned, giving Australia’s Rich Listers an 11pc boost to their total fortune.

    • Updated
    • Yolanda Redrup and Michael Bailey

    From refugee to Rich Lister: the incredible journey of Charlie Shahin

    Shahin was born in Lebanon where his family, as Palestinian refugees, couldn’t own land. Now he has bought a million-acre NT cattle station.

    • Updated
    • Larry Schlesinger
    How we report the Rich List (and why so many don't want to be on it)
    2:02

    How we report the Rich List (and why so many don't want to be on it)

    Rich List co-editor Yolanda Redrup explains how we do the valuations that determine who makes the cut.

    • Updated
    Rich Listers Sam Hupert (pictured) and Anthony Hall’s Pro Medicus has become one of the most highly valued companies on the ASX with a PE multiple of 169.

    The ASX business so good ‘you can’t put a sell on it’

    Analysts say Pro Medicus is one of the world’s most expensive stocks, but also one of the best.

    • Yolanda Redrup

    ‘Biggest challenge by a mile’: why developers can’t build homes people can afford

    Developers Tim Gurner, Sam Tarascio and Maha Sinnathamby have kept their places on this year’s Rich List amid a housing crisis. This is how they did it.

    • Nick Lenaghan

    Rich Lister Terry Snow steps away from the cockpit

    At 79, the Canberra property dynamo behind Canberra Airport is finally stepping down from active roles. His son Tom will now chair the airport board.

    • Robert Harley

    Rich Lister Wes Maas’ three rules for business decisions

    The former NRL player has built a billion-dollar company through hard work and diversification.

    • Yolanda Redrup
    More than half of the debutants on the 2024 Rich List are already billionaires.

    More than half the 11 new Rich Listers are already billionaires

    Two cryptocurrency giants, an under-the-radar mattress mogul, a former mechanic and an ex-NRL player are among 17 new and returning faces on this year’s Rich List.

    • Yolanda Redrup and Michael Bailey
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    How the Turner women are creating a legacy beyond Flight Centre

    Graham Turner may have turned Flight Centre into a household name, but wife Jude and daughter Jo have a different approach to business.

    • Yolanda Redrup

    What Rich Listers think about money – and what they teach their kids

    Nine of Australia’s wealthiest people reflect on their journey with money and whether material success leads to a rich life.

    • Michael Bailey, Lauren Sams and Yolanda Redrup
    Grant Petty, founder of Blackmagic Designs, cautions that AI is not new, and is currently at the top of a hype cycle.

    AI reshapes Rich Lister business but not their fortunes yet

    Rich Listers are using AI to overhaul graphic design, advance healthcare and improve cybersecurity, but few are investing personally.

    • Yolanda Redrup and Michael Bailey

    Why Shakespeare matters to Rich Lister Katie Page

    “We all quote Shakespeare all the time, whether we know it or not.” The Harvey Norman CEO – and Rich Lister – has a lifelong love for The Bard.

    • Michael Bailey
    How have most of our richest managed to avoid the fate of the Roy family in the hit TV drama Succession? Good planning has been key.

    How the Rich List is dodging real-life Succession dramas

    As some of its icons are farewelled, a new generation is taking the reins. So far, Australia’s business landscape has remained relatively stoush-free.

    • James Thomson