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Why investors love a Rich Boss – and how to get more of them

Why investors love a Rich Boss – and how to get more of them

The Rich Bosses list reads like a roll of fund managers’ market darlings or private equity’s big misses. It’s all about backing a founder.

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The surest way to get high up the Rich Bosses list is to start a business and float it on the ASX.

Nineteen of the top 20 on the list founded or co-founded their company. The only exception is Altium CEO Aram Mirkazemi, who joined the software company as a graduate more than 30 years ago, has overseen its stunning turnaround and could be considered the founder of Altium 2.0. Even Macquarie’s Shemara Wikramanayake, one of the country’s highest-paid wage slaves, cannot crack the top 20 despite 36 years at the millionaire’s factory and its renowned employee share scheme.

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Anthony Macdonald
Anthony MacdonaldColumnistAnthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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Original URL: https://www.afr.com/companies/financial-services/why-investors-love-a-rich-boss-and-how-to-get-more-of-them-20230711-p5dnjy