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    Wealth

    Rich List

    Rich List 2024

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    Tan Kueh worked at Macquarie and BlackRock before joining Grok Ventures as its chief executive earlier this year.

    Grok Ventures boss woos wealthy families for Sun Cable

    The chief executive of Mike Cannon-Brookes’ private vehicle is plotting a pivot – opening it up to outside investors.

    • Primrose Riordan

    Cars, boats and houses won’t make you happy, says this Rich Lister

    Property developer Paul Blackburne landed on the Rich List with an estimated $536 million fortune. There’s a success trap entrepreneurs need to be mindful of, he says.

    • Julie-anne Sprague
    Perth’s Laurence Escalante who built Virtual Gaming Worlds into a multibillion-dollar business.

    Perth billionaire Escalante battles copycats and hostile letters in US

    The businessman created a lucrative gambling market stateside from scratch. Now competition and regulation may force the company to change tack.

    • Primrose Riordan
    There are more varieties of digital coins than any investor could care to count.

    CoinSpot’s billionaire owner grabs huge dividend payout

    But the company, one of the country’s largest cryptocurrency exchanges, has reported a near 75 per cent slide in profit in the last financial year.

    • Primrose Riordan
    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
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    June

     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
    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
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    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

    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
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    ‘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

    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