Rich List 2024
Featured
How exquisite timing and meditating shaped this Rich Lister’s fortune
After deciding a career in law wasn’t for him, Kerry Harmanis turned to prospecting in WA. That decision led to the $3.1 billion sale of Jubilee Mines.
- Julie-anne Sprague
They’re young, rich, and in the French Riviera
Cashed-up, glamorous young Aussies have descended on Saint-Tropez and Monte Carlo, spending their time on superyachts and at $1500-plus per night hotels.
- Yolanda Redrup
- Exclusive
- Renewables
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 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
June
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
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
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
- Analysis
- Analysis
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
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
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
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
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
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
- Exclusive
- Gambling
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
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
- Breaking
- Online gambling
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
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
- Exclusive
- Rich Listers
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
- No.107
- Rich Listers
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)
Rich List co-editor Yolanda Redrup explains how we do the valuations that determine who makes the cut.
- Updated
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
- Exclusive
- Rich Listers
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
