Rich List 2023
Featured
- Exclusive
- Fashion retail
His teachers said he’d end up in jail. Now he’s on the Young Rich List
Geedup founder Jake Paco has conquered his demons and is taking his cult streetwear brand from western Sydney to New York.
- Carrie LaFrenz
The green energy multimillionaires taking over the Young Rich List
US-based investor and Young Rich List debutant Gregory Green made an estimated $100 million after selling his share of a landfill gas developer.
- Michael Bailey
You’re rich, but are you family office rich?
Financial advisers are anticipating the transfer of an estimated $3.5 trillion between generations by 2030 to spur more interest in family offices.
- Primrose Riordan
Rich Lister accused of encouraging ‘incredibly inappropriate’ behaviour
Online casino entrepreneur Ed Craven has been accused of encouraging inappropriate behaviour towards a female escort on his live-streaming platform.
- Primrose Riordan and Tess Bennett
Endeavour accuses pubs billionaire of using ‘selective’ information
Peter Hearl, chairman of the Dan Murphy’s and hotels owner Endeavour, wrote to shareholders hitting back at 15 per cent shareholder Bruce Mathieson’s criticism.
- Updated
- Simon Evans, Carrie LaFrenz and Zoe Samios
Featured
Squadron Energy to spend $20b on renewables by 2030
Squadron expands to become Australia’s biggest renewables’ player after its $4.2 billion purchase of CWP Renewables late last year.
- Primrose Riordan
This Rich Lister added $1b to his wealth in less than two years
Medical technology firm Pro Medicus has delivered blistering returns this year. Its success has propelled co-founder Sam Hupert into the $2 billion club.
- Julie-anne Sprague
- Exclusive
- Myer
Myer, Baillieu family’s wealth firm eyes commercial property
Mutual Trust is the country’s largest and most significant multifamily office. It says there are opportunities in the big fall in real asset values.
- Primrose Riordan
- Exclusive
- Rich families
Oatley family empire carve-up starts with vineyards
The heirs to a fortune assembled by Bob Oatley are already attempting to sell Hamilton Island, their largest asset, for more than $1 billion.
- Updated
- Primrose Riordan
Roger Corbett backs Mathiesons, says Dan Murphy’s has ‘lost its mojo’
The former Woolworths chief executive, along with the pub billionaire, wants ex-Myer chairman Bill Wavish appointed to the board of Endeavour.
- Carrie LaFrenz
September
Billionaire Andrew Forrest mourns his father
Andrew Forrest led a horseback guard of honour for his father Don at the family’s cherished Minderoo cattle station in the Pilbara.
- Brad Thompson
Reclusive Sydney gambling mogul emerges as kingmaker in South Africa
Martin Moshal is the largest individual political donor in South Africa, according to electoral records analysed by a non-profit.
- Primrose Riordan
- Exclusive
- Capital raising
Adir Shiffman takes Sleeping Duck Rich Listers to court in $60m stoush
The venture capitalist says the founders of the mattress e-tailer shut him out of the business.
- Patrick Durkin
- Exclusive
- Rich families
Malaysian billionaires eye a bid for Hamilton Island
Not every sibling in the wealthy Oatley family is as enthusiastic to sell the prized asset purchased by Bob Oatley, the legendary sailor who died in 2016.
- Primrose Riordan
Rich Lister Raphael Geminder’s other packaging disaster
The billionaire wants to take Pact Group off the ASX, but another listed group in which he owns 66pc has also suffered a big slide.
- Simon Evans
‘He didn’t mean you’: Manager to staff at Gurner’s wellness business
Staff at the Rich Lister’s anti-ageing network Saint Haven have been told comments about “arrogance” in the employment market were “in no way directed at our teams”.
- Mark Di Stefano
Billionaire Geminder moves to take Pact private
The board of the packaging group told shareholders to ‘take no action’ for now, but Raphael Geminder already owns just over 50 per cent of Pact.
- Updated
- Simon Evans
Gurner got his start with loans from his boss, grandfather
Gurner’s comments have gone viral – a mask-off moment for the property industry.
- Mark Di Stefano
- Exclusive
- Rich families
Why Australia’s wealthy hide their true riches from friends and family
But one Rich Lister warns not talking openly about wealth can end badly for relatives left behind.
- Primrose Riordan
‘We can build anything’: Microphone mogul donates $1m to design
Peter Freedman, Rich Lister and founder of audio equipment giant Rode, hopes his gift will help business design and build things locally and reignite “Factory Australia”.
- Patrick Durkin
- Exclusive
- Andrew Forrest
Forrest empire exodus spreads with two more CEOs
Former Mincor chief executive Gabrielle Iwanow and Joost Heymeijer, the boss of the Forrest family’s hospitality and lifestyle arm, have departed.
- Brad Thompson
August
Those summer nights: Who went where in Europe ’23
Here are some tips from Australian Europhiles to celebrate the year that everyone who could spent summer up north. Call it the Class of 2023.
- Fiona Carruthers and Samantha Hutchinson
Sydney’s Soho House back to the drawing board as neighbours baulk
One resident said loud staff would “disturb the peace” on their breaks; another was worried knocked-over bins would attract people “looking for food”.
- Primrose Riordan
Australia’s secretive family offices in decade-long boom
Australian family offices have grown exponentially over the past decade and their CEOs are among the best paid.
- Primrose Riordan
- Analysis
- Solomon Lew
From Dr Zhivago coats to a $3.5b empire: How Solomon Lew did it
The retail legend has long combined astute deal-making with a natural affinity for what the consumer wants.
- Michael Bailey
Rich Lister Geminder’s pain may be ending after $1.3b wipeout
Raphael Geminder, chairman of Pact Group, has got some relief from the packaging company’s slump as its shares spike following an asset sale.
- Simon Evans
Hundreds turn out to save eastern Sydney pub
More than 350 residents turned out at Paddington’s Village Inn in Sydney on Saturday in an attempt to protect the heritage-listed pub from being converted into a retail outlet.
- Samantha Hutchinson and Sally Patten
Atlassian co-founders are $6b richer after earnings update
Mike Cannon-Brookes and Scott Farquhar have added around $3.2 billion to their respective wealth after the software company’s shares surged more than 23 per cent.
- Tess Bennett
July
Where the ultra-rich are putting their money
A survey of 1000 of Australia’s richest families shows how they have retreated to safe haven assets to ride out the uncertainty associated with the war in Ukraine and rising inflation.
- Joanna Mather
Inside the unravelling of Perth’s worst-kept secret
This week in The Fin podcast, resources reporter Peter Ker on the split in the Forrest empire, how it came to light and what it means for the iron ore giant and its green energy plans.
