Australia’s 100 richest people under 40 revealed

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.