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Virus lifts Young Rich Listers to $100 million goal

Julie-anne Sprague
Julie-anne SpragueRich List editor

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Young Rich Lister Tobi Pearce and his ex-fiancee, Kayla Itsines, are chasing an aggressive growth strategy after revenue from their fitness empire hit almost $100 million and the couple committed to paying themselves a $23 million dividend.

Accounts lodged with the corporate regulator by their Bikini Body Training Company, the first since the pair launched it in 2014, revealed revenue for what is now known as Sweat climbed to $99.5 million, up from $89.5 million revenue in fiscal 2019, as lockdowns sent gym junkies to online workout apps.

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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. 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/young-rich-listers-share-23m-dividend-bonanza-20201208-p56lsr