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The moment that led to a $750m coal fortune and a Ferrari obsession

The moment that led to a $750m coal fortune and a Ferrari obsession

M Resources founder Matt Latimore had Olympic dreams until a decision to study – and a trip to Japan – set him on the path to the Rich List.

M Resources founder Matt Latimore grew up as a sporty kid in the regional town of Wingham. Dan Peled

When M Resources founder Matt Latimore describes his business journey, he likens it to an 800-metre running race: he’s halfway through, he’s run hard, but it’s time to “kick into another gear”.

It’s an apt metaphor from the Rich Lister and former champion middle-distance runner, who excelled at the distance considered one of the toughest races to run, thanks to the need to combine both sprinting prowess and endurance.

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Yolanda Redrup
Rich List editorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/rich-list/the-moment-that-led-to-a-750m-coal-fortune-and-a-ferrari-obsession-20250815-p5mncp