The BRW Young Rich List Reveals Which Aussie Legends Are Winning At Life

The BRW Young Rich List Reveals Which Aussie Legends Are Winning At Life

Feel like lowering your self-esteem and feeling bad about your salary/life ambitions? Well lucky for you, we have the 2016 BRW Young Rich list, which promises to make your day significantly worse.

B&T Magazine
Posted by B&T Magazine

With property and technology experiencing the biggest boom, the average wealth per person on the list has risen to $123 million each, up from $106 million last year. How ya feelin’?

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar top the BRW Young Rich list again this year with combined wealth of $4.6 billion after the float of their software company Atlassian on the NASDAQ exchange in the United States late last year.

The technology duo first rose to the number one ranking in 2012, when they knocked Nathan Tinkler from the top spot, and have enjoyed top spot every year since.

But most relevant for our industry is number three and four on the 2016 BRW Rich list, tech duo Dave Greiner and Ben Richardson, founders of Sydney company Campaign Monitor.

Although they have stepped away from day-to-day management of the firm they remain directors and shareholders.

Rounding out the top five on the list is Perth property developer Paul Blackburne. His Blackburne Property Group dominates the Perth apartment market and develops three to four large apartment projects per year.

The youngest debutants are fitness company owners Kayla Itsines and Tobi Pearce, (#51,52 with $46 million wealth), who are 25 and 24 respectively.

There are eight women on the 2016 BRW Young Rich list, the same number as last year.

Technology is the dominant sector for 2016 with 27 people on the list, followed by financial services and retail each with 11 young rich on the list.

The BRW Young Rich list, recording the wealth of our richest Australians aged 40 and under, has been published annually since 2003, and tracks those who are self-made and have not inherited their wealth.

Check out more details below:

Top Five

Name WEALTH ($m) INDUSTRY
Mike Cannon-Brookes & Scott Farquhar 4680 Technology
Dave Greiner & Ben Richardson 543 Technology
Paul Blackburne 483 Property

StAtes

List Members by State Number
Victoria 28
NSW 27
Western Australia 5
Queensland 3
South Australia 1
ACT 1
Overseas 25

Industries

INDUSTRY NUMBER
Technology 27
Sport 9
Services 2
Property 9
Entertainment 5
Financial Services 11
Investment 4
Resources 1
Modelling 1
Tourism 1
Education 3
Gambling 1
Health Clubs 1
Healthcare 2
Construction 1
Fitness 1
Retail 11

TOP Five WOMEN

Cyan Ta’eed – $184 million (13*)

Melanie Perkins – $124 million (21*)

Erica Baxter – $79 million (30)

Kayla Itsines – $46 million (51*)

Erin Deering – $38 million (70)

*shared wealth

TOP Five MEN

Mike Cannon-Brookes & Scott Farquhar – $4.68 billion

Dave Greiner  & Ben Richardson – $543 million

Paul Blackburne – $483 million

NEW SOUTH WALES TOP Five

Mike Cannon-Brookes & Scott Farquhar – $4.68 billion

Dave Greiner & Ben Richardson – $543 million

Sam Prince – $294 million

Alistair Champion – $103 million

Mitchell Harper – $71 million

OVERSEAS TOP FIVE

Simon Clausen – $479 million

Ori Allon – $316 million

Sean Tomlinson – $156 million

Lucas Elliott – $153 million

Erica Baxter – $79 million