Mr Portelli kept a low profile until last year, when he made a Hail Mary bid on a Nine Network home. block. Some thought he was a friend of the contractor's dummy bidder, but Portelli bought another contestant's home for $4.25 million. He really broke the secret this year. He bought a penthouse at Sapphire by the Gardens in Melbourne's east for $39 million in cash and had his $3 million McLaren rolled up to the 57th floor and delivered to the lounge room.
But the award for most eccentric Young Rich Lister home purchase still goes to Mr Craven, who spent $88 million on a Toorak mansion last year. His Curaçao-registered stake.com is making money ($4 billion in calendar year 2022) while the sun shines (and until the law catches up). Many of the company's 6 million accounts and 600,000 regular players are in “gray” markets such as Brazil and Japan, where gambling with cryptocurrencies is not yet prohibited or regulated.
Kyle Sandilands is on the cover of this year's Young Rich List issue. nick walker
In September, it was revealed that $64 million worth of cryptocurrency was stolen from one of the stake.com accounts by North Korean hackers. The company issued a statement saying no customer funds were stolen.
While Mr. Portelli and Mr. Craven sell odds, companies selling tangible goods have made the list of the richest young people in years. The young entrepreneurs we classify as retailers, whether online, omnichannel, or retailers like No. 4 Sam Prince ($1.6 billion), who offer Mexican food in their Zambrero chain, , which won 26 of the 100 spots in this year's Young magazine. The rich list has increased from 19 last year.
The most notable newcomers to the retail world are Daniel and Georgia Kontos, owners of White Fox Boutique. Commuters probably didn't miss the White Fox ad, which featured models wearing eye-catching gear on the back of every bus. The real clue to this fast fashion seller's success lies in its real estate page. In the past two years, the couple paid her $60 million for two homes in Vaucluse on the harbor.
Meanwhile, on the other side of town in Sydney, Baby Boo co-founder brothers Arzirika and William Konditzis and Zeedup founder Jake Paco are building clothing design empires in Baulkham Hills and Parramatta respectively. There is.
Other fashionistas who recur on the list include Culture Kings sellers Simon and Tahnee Beard and Monday Swimwear founder Natasha Oakley.
Evan Montero is another debutant who caters to the instant gratification generation. His DIY Blinds, which he co-founded, has digitized the once cumbersome process of obtaining custom blinds and has surpassed a $100 million valuation.
The so-called “green energy” boom has led to the birth of three Young Rich Listers this year. The richest people are the least known: Gregory Green grew up on a sugar cane farm near Grafton and drifted into investment banking. He was an early investor in renewable natural gas, becoming a partner in a company called Mass Energy, which netted him more than $100 million when it was sold to CIM Group last year.
Gregory Green debuted at number 50 on the Young Rich List. james jackman
Finally, very few people have gone bankrupt investing in Australian property, with the oldest asset class producing five Young Rich Listers this year, one more than last year.
The average age of the Young Rich List also rose slightly, to 35.3 years from 34.7 years last year. Similarly, the number of women has increased from 15 to 16.
The November issue of AFR Magazine, including the Young Rich List, will be released in Australian Financial Review on Friday 27 October. Follow AFR Mag twitter And Instagram.
