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How Mark Carnegie thumb-sucked his way off the Rich List

How Mark Carnegie thumb-sucked his way off the Rich List

The entrepreneur and corporate adviser has had plenty of woulda, shoulda, coulda moments. One of them cost him about $100 million.

Julie-anne SpragueRich List editor

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It was about four years ago when Mark Carnegie could have backed himself in. He’d been wondering about all the hype surrounding cryptocurrency.

He’d come across ethereum, digital infrastructure that would allow for digital transactions underpinned by its tokens, ether. At the time one coin was worth about $200. By the end of 2021, it was worth $6000. While the price has since halved, had Carnegie backed himself, he thinks he could have made $100 million.

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Julie-anne Sprague
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

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Original URL: https://www.afr.com/wealth/people/how-mark-carnegie-thumb-sucked-his-way-off-the-rich-list-20231105-p5ehnw