The Australian Financial Review Magazine has put together its 2015 list featuring Australia’s wealthiest self-made citizens under 40.
Mostly comprised of start-up founders with six or seven-figure bank deposits, these tycoons have taken the world of entrepreneurship and trade by the horns. Those who have inherited their wealth do not make it in the magazine’s list of those who have managed to put the stamp of success next to their names.
Many of the engaging resumes prove that sometimes a university education and dedication to your dreams are far more important prerequisites than a well-off background for achieving your goals.
Australian tech entrepreneurs Scott Farquhar and Mike Cannon-Brookes top the 24-page list supplement yet again, hitting first and second place with their $2.3 billion-dollar fortune.
Paul Blackburne has made his Young Rich debut in third place thanks to his $536 million fortune in the Perth high-end property market.
In fourth and fifth place stands a shared $500-million worth hi-tech friendship of 30 years between Dave Greiner and Ben Richardson.
George Nakas, 40, has been shortlisted in 20th place, making him the wealthiest self-made Greek Australian. The local businessman debuted on the 12th Young Rich annual list, along with his friend and partner Gavin Fernandez, with a personal worth of $188 million, which got him to 10th place. This year, however, Nakas dropped to 20th place with a $102 million fortune.
Tim Demetriou, 31, made his debut appearance this year, as global head of operations for London-based education agency Acquire Learning, with a fast-growing fortune which has just hit $73 million.
Nick Georgalis, 39, ranked 77th last year with a $27 million fortune, has climbed to number 36, while his revenues from the Canberra property scene increased threefold, at $72 million.