Tasmanian self-made millionare makes BRW top 100 under 40 list

TASMANIAN investor and financier Greg Woolley has made it onto the BRW's top-100 self-made millionaires under 40 list.

Waimea House

TASMANIAN investor and financier Greg Woolley has made it onto the BRW's top-100 self-made millionaires under 40 list.

Mr Woolley has come in at 35 with an estimated fortune of $54 million.

Woolley, 39, bought Hobart's most expensive property, Waimea House, for $8.5 million in 2011.

He holds Bachelor of Commerce and Bachelor of Law degrees from the University of Tasmania.

Business Review Weekly Rich List editor Andrew Heath said Mr Woolley was "one of the best-connected people in Australia".

"When you're young, to have good connections in established business circles can be very valuable," he said.

"Greg has leveraged those skills very successfully."

Mr Woolley is board director of Beacon, the Australian not-for-profit organisation that supports young people in schools.

Beacon chief executive Scott Harris said Mr Woolley was a private person.

"I know he doesn't welcome this sort of attention," Mr Harris said. "Greg is very engaged in and supportive of what we are doing.

"Now that he is spending more time in Hobart, we look forward to even greater involvement from him."

The former Macquarie Bank executive specialises in leasing, overseeing the Melbourne Liberman family's aircraft leasing business, Global Aviation Asset Management.

Last August the Greg Woolley-led Global Aviation Asset Management was sold to US-listed Fly Aviation Leasing.

It was reported Mr Woolley netted $42.5 million in proceeds.

North West mining machinery manufacturer Dale Elphinstone was the top Tasmanian earner in the 2013 BRW Rich 200 list.

Mr Elphinstone was 89th nationally with $520 million, a slight reduction from his 2012 figure of $540 million.

Hobart financier Bruce Neill came in at No. 117 with $385 million, a hefty increase from his 2012 figure of $285 million.

Software entrepreneurs Mike Cannon-Brookes and Scott Farquhar, who founded software company Atlassian, again top the 2013 young rich list, with a combined $550 million, up from $480 million last year.

The second spot goes to tech investor Simon Clausen, who founded software company PC Tools, with $350 million net wealth.

Next up is online retailer Ruslan Kogan, who has climbed from eighth last year to third with $315 million.

Former billionaire Nathan Tinkler fell off the list, not making the $18 million cut-off.

MotoGP rider Casey Stoner, 27, is the youngest person on the list.