Who's Who of the Young and the Rich

Tayla Gentle / September 20, 2013 02:33 PM

BRW’s Young Rich List has once again hit the stands, revealing Australia’s top 100 wealthiest people aged 40 and under.

Worth a collective $5.13 billion, the list this year draws heavily from technology industries and the nation’s pool of successful athletes and innovate self-starters.

atlassian

Mike Cannon-Brookes and Scott Farquha, via unsw

Atlassian founders, Scott Farquhar and Mike Cannon-Brookes, took out the top spot for their second consecutive year, confirming their success in the Silicon Valley.

With $550 million apiece, Farquhar and Cannon-Brookes are paving the way for young Australians in the technology trade.

Arguably, the biggest news to come out of this year’s ranking is the demise of mining mogul Nathan Tinkler.

The former billionaire failed to make the top 100, despite holding the number one position only two years ago with a staggering personal fortune of $1.13 billion.

Since then, however, a cooling of the resources boom and growing debts have seen his net worth fall significantly short of the $18 million cut-off set for 2013.

nathan tinkler

Nathan Tinkler, via smh.com.au

Another big shake-up was the rise of Ruslan Kogan, of online retail fame.

Since debuting on the rich list in 2009, Kogan’s personal wealth has almost doubled every year, taking him from last year’s 8th position to 3rd , with a net worth of $315 million.

The most unconventional entrant was undoubtedly Erica Baxter, ex-wife to billionaire James Packer, who made her debut on the rich list this year with a conservative $40 million estimate of her net wealth.

This figure is likely to be revised upwards once divorce papers are finalised, amid reports of a $100 million settlement in the pipeline.

erica baxter

Erica Baxter and ex-husband James Packer, via smh.com.au

Athletes are certainly not doing it tough, with four of our biggest names making it into the Young Rich List ‘Hall of Fame’.

Since the inaugural Young Rich List 11 years ago, only eight names have appeared in every edition.

Sports stars Harry Kewell, Pat Rafter, Kerrie Webb and Lleyton Hewitt make up half of the ‘Hall of Fame’, alongside Andrew Barlow and Adrian Giles,  Sherman Ma and Steve Outtrim.

Top 10

1) & 2) Mike Cannon Brookes and Scott Farquhar - $550 m (each)

3) Simon Clausen - $350

4) Ruslan Kogan - $315

5) Mark Ackroyd - $280

6) Hezi Leibovich - $190

7) Matt Barrie - $185

8) & 9) Mitchell Harper and Eddie Machaalani - $135 (each)

10) Matthew Tripp - $115

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