This Month
Atlassian’s AI plans fail to stop $15b value plunge
CEO Mike Cannon-Brookes has failed to convince investors on making its AI assistant free as they shaved billions of dollars off his wealth on Friday.
April
Billionaire Harry Stamoulis sizes up Collins Street tower
Cash-up private players such as the Rich Lister Stamoulis family are bargain-hunting for deals in Melbourne’s soft office market.
Billionaire Raphael Geminder faces backlash on Pact delisting plan
Minority shareholders including activist investor Jeremy Raper, a former Goldman Sachs banker, oppose the plan to remove the packaging group from the ASX boards
Packer takes $39m haircut on LA mansion sale
Rich Lister James Packer has sold his Beverly Hill mansion for $US60 million ($93.57 million) after snapping up another California estate.
‘Quite emotional’: Rich Lister sees parents’ art legacy brought to life
The new Eva and Marc Besen Centre, says son Daniel, completes the circle on what his mum and dad wanted to achieve at their TarraWarra Museum.
Billionaire Tim Roberts falls behind on his bills
Perhaps the Multiplex heir was just surprised to get an invoice from a business other than Mineral Resources.
Roberts will expand into residential builds: CEO Emma Shipley
The latest shake-up in Australian construction adds a new player to the building pool, but does little to reduce risks of the sector with razor-thin margins.
Roberts Co NSW to be acquired by UAE builder Arada
Owner Andrew Roberts, whose family started Multiplex, is likely to end a long association with construction when the deal is completed.
Why cashing out won’t be easy for Australia’s gambling billionaires
Adrian Portelli, Laurence Escalante and Ed Craven could all face big problems if they try to sell their companies or go public.
Spotlight’s new Anaconda will teach shoppers to fish
The privately owned large-format retail group will also offer tinnies moored to a life-sized jetty and a cold room for Queenslanders to try on puffer jackets.
Portelli hits fast lane on mooted LMCT+ sale, MacCap takes the wheel
Several conversations around how a change of control could play out and the steps needed to make LMCT+ sale-ready had taken place since the end of last year.
Inside the fortune Kerry Stokes (quietly) made in China
The businessman is best known for his investments in television and newspapers. But a decades-long approach to backing the Asian powerhouse is paying dividends.
Laurence Escalante gets real deep on Instagram bender
From Below Deck to righteously correcting injustice to philosophy, the Rich Lister’s recent social media rant covered it all.
Billionaire furniture mogul’s $12m hinterland retreat smashes record
Rich Lister and founder of Super Amart John Van Lieshout has sold his luxury Sunshine Coast escape, almost doubling the local record.
Apartment prices in record jump to $19,000 per square metre
Australian housing is locked in a battle between affordability and viability of new projects and that means price tags have further to rise.
March
Property billionaire Nick Andrianakos dies in Greece
He came to Australia in 1967 and spent a decade working in various jobs, including for Richard Pratt’s Visy, before saving enough to buy his first petrol station.
Cannon-Brookes describes ‘deep internal conflict’ over his private jet
The billionaire Atlassian co-founder says he bought the Bombardier 7500 for security reasons and his flights have a “net negative carbon footprint”.
Billionaire Nicola Forrest appoints UBank boss to run family office
The country’s second-richest woman has been building up the charitable and investment sides of her family office, Coaxial Foundation and Coaxial Ventures.
Victor Smorgon’s star fundie eyes 50pc returns for new fund
The family office is so bullish on gold that it’s tasked Cameron Judd with launching a second strategy, which they expect to outperform its high-flying counterpart.
Forrest family powerbroker had alleged role in big Fortescue decisions
Evidence provided by the ASX-listed miner’s executives to a US court suggests John Hartman was deeply involved in plans to move into the US energy market.