The founder of the sportswear chain rose from 77th place to 29th and was the biggest mover of the year, with an estimated personal wealth of $221 million. A roaring sharemarket, deep tax cuts and crypto riches are driving a younger cohort to invest in the world of floating luxury. The cryptocurrency gaming start-up is backed by some of the country’s best-known venture capital funds and says it has significantly reduced its cash burn.
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Inside a Young Rich Lister’s million-dollar home wellness space
Kic co-founder and CEO Laura Henshaw is handing over the reins to serial founder Jane Martino, who will lead the company through a major wellness expansion. From footballer to founder, Brad Moran has spent the past three years putting his all into this residence – which comes complete with three panic rooms. From term sheets to toddlers, these founders juggled building a business as well as a family. As Australia’s top male player reaches his make-or-break years at 26 – no longer a newbie, not yet a veteran – he’s ready for a grand slam win. No one can book a meeting with Vu Tran on a Thursday – it’s the day he practises medicine and doesn’t think about his businesses. The wealthiest Australians under 40 include uni dropouts, an F1 star, ex-Macquarie banker, and founders of businesses ranging from pet food to crypto casinos.
Australia’s richest people 40 and under set wealth record
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