The Young Rich List, now in its 20th year, shows shop owners are thriving in another patchy year for tech founders – and there’s a new young billionaire in town.
The fortunes of Australia’s wealthiest self-made people aged 40 and under have surged 25 per cent as the alternative energy, retail and property sectors boomed. However, the patchy recovery in technology means the $37.7 billion total wealth on 2023’s Young Rich List is still below 2021’s record $41.3 billion.
Leading the Young Rich List with a combined wealth of $13 billion are Melanie Perkins and husband Cliff Obrecht. The value of Canva, the graphic design firm they founded in 2012 and of which they own 30 per cent, has settled at $US25.5 billion ($40.35 billion) after a series of markdowns by its owners.
Michael BaileyArts & Culture editorMichael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
