2014 BRW Young Rich List Revealed Including SA Identity

2014 BRW Young Rich List Revealed Including SA Identity

The BRW Young Rich list tracks the wealth of the richest Australians aged 40 and under who self-made and not inherited their wealth.

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Mike Cannon-Brookes and Scott Farquhar - Image: BRW
Mike Cannon-Brookes and Scott Farquhar – Image: BRW

The 100 members of the 2014 BRW Young Rich List have enjoyed a stunning rise in wealth this year, with a booming technology market and strong stock market floats boosting overall wealth to a record $8.3 billion.

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar top the list with combined wealth of $2.1 billion, up from $550 million a year ago. Their software company Atlassian is now valued at more than $3 billion after significant equity injections from United States investors T Rowe Price and Dragoneer Investment Capital earlier this year.

3 and 4 on the 2014 BRW Young Rich List are debutant’s Dave Greiner and Ben Richardson, whose combined wealth reaches $500 million. The pair run Sydney email marketing firm Campaign Monitor, which received a big investment from Insight Venture Partners earlier this year.

5 is technology investor Simon Clausen, whose wealth reaches $487 million compared to $350 million a year ago, primarily from the increasing value of his Freelancer shares.

Online retailer Ruslan Kogan is at 6 with $349 million wealth, while Patrick Grove is seventh at $344 million. Grove has several Australian Securities Exchanges listed entities, including iProperty Group and iCar Asia.

Owen Kerr, another BRW Young Rich debutant, is at 8 with $256 million, from his shareholding in foreign exchange broker Pepperstone. 9 is The Catch Group co-founder Hezi Leibovich at $213 million and 10 and 11 are Melbourne entrepreneurs Gavin Fernandez and George Nakas. Fernandez and Nakas’s biggest asset is the luxury and sports car businesses James Lane Motors and Dutton Wholesale.

Technology is the dominant sector with 30 people on the list. Next comes sport with 13 and then services at 11. The most popular states are VIC and NSW with 24 each. 16 of the list reside in the United States, and are mostly either sports stars or technology entrepreneurs based in Silicon Valley.

The BRW Young Rich list recording the wealth of our richest Australians aged 40 and under has been published annually since 2003.

 

Top 5

Name WEALTH ($m) INDUSTRY
Mike Cannon-Brookes & Scott Farquhar 2100 Technology
Dave Greiner & Ben Richardson 500 Technology
Simon Clausen 487 Technology

 

States

List Members by State 2014
NSW 31
Victoria 28
Queensland 8
Western Australia 6
South Australia 1
ACT 1
Overseas 25

 

Industries

INDUSTRY NUMBER
Technology 30
Sport 13
Services 11
Retail 8
Property 8
Entertainment 6
Financial Services 6
Investment 6
Resources 4
Manufacturing 3
Healthcare 2
Wholesaling 2
Telecommunications 1

 

TOP 5 WOMEN

Carolyn Creswell – $83 million

Erica Baxter – $73 million

Tammy May – $26 million

Karrie Webb – $24 million

Miranda Kerr – $24 million

 

TOP 5 MEN

Mike Cannon-Brookes & Scott Farquhar – $2.1 billion

Dave Greiner & Ben Richardson – $500 million

Simon Clausen – $487 million

 

VICTORIA TOP 5

Ruslan Kogan – $349 million

Owen Kerr – $246 million

Hezi Leibovic – $213 million

Gavin Fernandez & George Nakas – $188 million

 

NEW SOUTH WALES TOP 5

Mike Cannon-Brookes & Scott Farquhar – $2.1 billion

Dave Greiner & Ben Richardson – $500 million

Mitchell Harper & Eddie Machaalani – $162 million

 

QUEENSLAND TOP 5

Phillip Di Bella – $100 million

Shainiel Deo – $78 million

Karl Trouchet & Luke Trouchet – $75 million

Tom Strachan – $47 million

 

SOUTH AUSTRALIA

Tammy May – $26 million

 

WESTERN AUSTRALIA

Ronnie Elhaj – $68 million

Zhenya Tsvetnenko – $67 million

Luke Herbert – $59 million

Bill Beament – $42 million

Marcus Gilmore – $35 million

 

AUSTRALIAN CAPITAL TERRITORIES

Nick Georgalis – $27 million

 

OVERSEAS TOP 5

Simon Clausen – $487 million

Patrick Grove – $344 million

Ori Allon – $112 million

Lucas Elliott – $90 million

Leigh Jasper – $86 million

 

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