There’s a new breed of private investment vehicle for the super rich. And they’re less interested in managing money out of view than making more of it. Show
The country’s most secretive billionaires are about to get much richerAngela Bennett never wanted the family business. The daughter of prospector Peter Wright almost sold it all. Now it’s about to become a bonanza.
Forrests give $150m to gender equality fundBillionaires Andrew and Nicola Forrest have put the largest grant from their Minderoo Foundation towards work to create a fairer world for women and girls.
Zambrero billionaire sues former CEO to stop him taking creditSam Prince has accused Stuart Cook of “misleading or deceptive conduct” in talking up his work on the Mexican-themed restaurant chain’s success.
Rinehart turns 70 at legal and lithium crossroadsAs Australia’s richest person hits her milestone birthday, the market is testing Hancock Prospecting’s appetite for becoming a serious lithium force.
Luxury marketplace Cettire looks to China as first-half sales soarThe company says demand for Tom Ford and Gucci fashion and accessories remains healthy, with first-half sales up 89 per cent. The stock surged 25 per cent.
Rich List fortunes gouged by green metals slumpThe wealth of mining executives and investors has taken a hit from the falling price of lithium and other minerals used in the transition from fossil fuels.
Former Credit Suisse, HSBC bankers target ultrarich with new bankVolans opens its doors in May. It already has 17 employees on its books and is in the process of applying for a banking licence.
The heavy hitters behind Australia’s biggest conservative lobby groupAustralia’s richest businesspeople have become major backers of Advance Australia, which helped lead the “no” campaign at the Indigenous Voice to parliament referendum.
January
Senior execs step up to steer Lang Walker’s legacyThe Rich List developer had already put in place succession planning within his vast property business early last year, handing over responsibility for running the company to a trusted group of lieutenants.
Crypto brothers, entrepreneurs shoot up Rich List as bitcoin risesHere are the Rich Listers basking in a bull run which has, in some cases, added tens of millions of dollars to their net worth in just three months.
Why this billionaire’s gift card company is still losing money after 10 yearsPrezzee, which sells gift cards and is backed by Shaun Bonett, has shown a $40 million loss but says accounting rules are to blame.
 Inside the descent into chaos at a Chinese billionaire’s cattle empire“My view was that animals would die, employees would leave, the companies would be sued, and then more cattle would die.”
Rich Lister Raphael Geminder poised to snare PactKin Group has moved to an 85 per cent stake in the packaging group as a higher takeover bid gains traction.
Buckeridge family to relaunch sale of West Australian builder BGCThe company recorded a $63 million loss for the last financial year, according to new accounts. Construction costs had jumped 50 per cent in two years, it said.
How some Rich Listers doubled their fortune in 2023 while others fellThe boom in IT stocks burnished the fortunes of Australia’s top tech entrepreneurs, while the crypto millionaires made a comeback.
December 2023
How Sam Kennard built a $2.6b empireThe influential business figure always had ambition to work and grow the family company. But he didn’t expect his dad to give him total control when he was just 24 years of age.
Sam Arnaout arrives at Hudson House, headquarters of the very richThe billionaire publican has snapped up the offices once occupied by late television king Reg Grundy, signalling a changing of the guard among Sydney’s rich.
Sigma could shed customers after Chemist Warehouse mergerThe deal, creating an $8.8 billion retail and wholesaling giant, could even be blocked by competition regulators, according to analysts at Morningstar.
Chemist Warehouse duo to climb Rich List after Sigma dealDocuments associated with the merger, which will create a retail giant, show for the first time the precise shareholdings of Jack Gance and Mario Verrocchi. |
