Rich List 2024
Featured
This trader spotted a ‘really big gap’ – and made a fortune
Stake’s Matt Leibowitz loved his job as a derivatives trader, but when his friends started asking how to invest in US stocks, he saw an opportunity.
- Yolanda Redrup
- Exclusive
- How I Made It
This immigrant quietly made $550m. He has tips for making $1b
Gabriel Jakob is one of the most successful Australian entrepreneurs you’ve probably never heard of. Now he’s telling his story, but not posing for a full photo.
- Yolanda Redrup
From dropping pamphlets to selling $85m homes
His father was the first person in Australia to sell a house for $1 million. Brad Pillinger reflects on 30 years selling the country’s most expensive homes.
- Yolanda Redrup
The one thing this Rich Lister says every founder needs to remember
Sam Kroonenburg built a company from his bedroom, with him and his brother Ryan both making about $500 million. But Sam, 40, is doing what he can to avoid the trappings of wealth.
- Julie-anne Sprague
Vale Terry Snow, legendary property developer with a generous heart
The hard-headed businessman, responsible for much of modern Canberra, was also a soft-hearted philanthropist who loved equestrian horses and the arts.
- Michael Bailey
July
Inside the $26b journey of this Young Rich Lister’s crypto game
The Warwick brothers’ blockchain-based game Illuvium has finally launched, marking a new chapter in the wild ride of their billion-dollar company.
- Yolanda Redrup
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
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
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
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
