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2017 Young Rich List

October 27, 2017 Business News No Comments Email Email

An overview of the 2017 Financial Review Young Rich List will be published online at www.afr.com at 3.00pm this Thursday October 27, 2017, and then in full at 6.00am on Friday October 28, 2017.http://www.tourismlegal.com.au/

A special lift-out edition of the Financial Review Young Rich List – including a short story on each of the top 100 featured this year – will be available inside the November issue of AFR Magazine, released in The Australian Financial Review this Friday October 27, 2017.

In addition to the printed product, www.afr.com will present in-depth analysis of the trends behind the Young Rich List and profiles on some of the newcomers, as well as videos and interactive graphics.

STRICT EMBARGO – 3pm THURSDAY October 26, 2017

  • Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar (#1&2) top the 2017 Young Rich List with a record $6.08 billion combined wealth
  • Cannon-Brookes and Farquhar’s wealth total as of 2017 equals more than 10 times the wealth of the next two placegetters on this year’s Young Rich List.
  • #3&4 are Dave Greiner and Ben Richardson ($607 million) from web marketing business Campaign Monitor
  • #5 on is Melbourne property developer Tim Gurner, with wealth of $465 million
  • There are 27 debutants on the 2017 Young Rich List, including global fitness and health star Emily Skye (#83, $32 million) and Airtasker co-founders Tim Fung and Jonathan Lui (#66,67, $41 million). The youngest debutants are HiSmile co-founders Nik Mirkovic and Alex Tomic who debut in positions 58 and 59 with combined wealth of $46 million. The Gold Coast duo are aged 22 and 24 respectively
  • There are nine women on the 2017 Young Rich list, up from eight last year. They include Canva CEO Melanie Perkins (#17, $128 million), model Miranda Kerr (#62, $44million) and fitness guru Kayla Itsines, who jumps 11 places up to #40 with shared wealth of $46 million
  • Total wealth of the 2017 Young Rich List reaches a record $13.2 billion for the 100 list members, up from $12.3 billion in 2016. The average wealth per person on the List rises to $132 million, up from $123 million last year

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar top the 2017 Financial Review Young Rich List with combined wealth of $4.6 billion.

The technology duo’s rise in wealth follows a surge in the share price of their software company Atlassian on the US NASDAQ exchange market. Cannon-Brookes and Farquhar have topped the Young Rich List a record six times, jointly taking out the #1 spot in 2012, 2013, 2014, 2015, 2016 – and again this year.

Cannon-Brookes and Farquhar’s wealth total as of 2017 equals more than 10 times the wealth of the next two placegetters on this year’s Young Rich List.

The third and fourth spots on the 2017 Young Rich List are occupied by another technology duo – Dave Greiner and Ben Richardson – with a combined wealth of $607 million. Greiner and Richardson are co-founders of Sydney web marketing services company Campaign Monitor.

Number five on the List in Melbourne property developer Tim Gurner, who runs development company Gurner.

Gurner, whose wealth sits at $465 million, hit the headlines in May this year after saying that young Australians would struggle to buy a home when they were “spending $40 a day on smashed avocados and coffees and not working.”

Coming in at #6 is co-founder of online foreign exchange trader Pepperstone, Owen Kerr, with wealth of $368 million. He sits one place above New York-based technology and property identity Ori Allon, who ranks at #7 with wealth of $364 million.

Number eight is Sydney retailer and biotechnology company founder Sam Prince with wealth of $318 million. Prince owns both Mexican fast food chain Zambrero and emerging genetics testing company Life Letters.

Rounding out the top 10 is husband-wife duo Collis and Cyan Ta’eed, who sit at #9 and #10 respectively with combined wealth of $216 million. The Ta’eed’s are co-founders of online graphic marketplace Envato.

The 100 members of the 2017 Financial Review Young Rich List have enjoyed a stunning rise in wealth this year, with a booming property sector, technology market and beauty industry boosting overall wealth to a record $13.2 billion.

Technology remains the dominant sector for 2017 with 38 people on the List, followed by financial services with 12 and retail with eight.

There are 27 debutants on the 2017 Young Rich List, including global fitness and health star Emily Skye (#83, $32 million) and Airtasker co-founders Tim Fung and Jonathan Lui (#66 and #67, $41 million).

The youngest debutants are HiSmile co-founders Nik Mirkovic and Alex Tomic. The Gold Coast duo, aged 22 and 24 respectively, debut at #58 and #59 with combined wealth of $46 million.

There are nine women on the 2017 Young Rich List, up from eight in 2016. Notable names include Canva CEO Melanie Perkins (#17, $128 million), model Miranda Kerr (#62, $44million) and fitness guru Kayla Itsines, who jumps 11 places up to #40 with shared wealth of $46 million.

The Financial Review Young Rich List, recording Australia’s wealthiest self-made citizens aged 40 and under, has been published annually since 2003.

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