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Myriam Robin

WiseTech’s Richard White in $400m cash deluge

For a man who always says he can’t find any potential investment as good as WiseTech, billionaire founder Richard White continues to free up an awful lot of cash.

Over the five days to last Tuesday, he sold 364,261 shares in the logistics software business, securing $46 million at an average price of $126.44 a pop.

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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/wisetech-s-richard-white-in-400m-cash-deluge-20240915-p5kaow