The nation’s miners and manufacturers enter the new year building on their massive fortunes, while the country’s top tech entrepreneurs are nursing eye-watering losses.
The wealth of Australia’s richest people diverged over the past year, driven by a $16 billion wipeout in the collective fortunes of Atlassian founders Mike Cannon-Brookes and Scott Farquhar. While the tech duo’s wealth plunged from about $26 billion each to $17 billion apiece, the iron ore miners bulked up.
Julie-anne SpragueRich List editorJulie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Connect with Julie-anne on Twitter. Email Julie-anne at jsprague@afr.com
Michael BaileyRich List co-editorMichael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
