Cars, boats and houses won’t make you happy, says this Rich Lister

Property developer Paul Blackburne landed on the Rich List with an estimated $536 million fortune. There’s a success trap entrepreneurs need to be mindful of, he says.

Julie-anne SpragueRich List editor

Jul 1, 2024 – 5.00am

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Luxury apartment developer Paul Blackburne wasn’t keen on climbing the corporate ladder when he finished a commerce degree.

Instead, he packed his bags and went travelling the world. For years. Across 45 countries. There was barely much communication with his family back in Perth. Every now and again he’d visit an internet cafe, which charged by the minute to access email.

Julie-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.