Australia’s Young Entrepreneurs: The Billionaires Under 40 Making Waves

Young Entrepreneurs Take Center Stage

Australia is home to a new generation of young wealth that’s causing a stir. With 87 entrepreneurs aged 40 and under boasting a net worth exceeding 36 million AUD, it’s clear that the Land Down Under is bubbling with talent and innovation.

Leading the Charge: Canva’s Dynamic Duo

At the top of the list, we’ve got the remarkable Melanie Perkins and Cliff Obrecht. As co-founders of Canva, a graphic design software that even your grandma can use, this power couple has a jaw-dropping combined net worth of 16.5 billion AUD. That’s enough to make anyone reconsider their career choices!

Crypto Kings Rule the Ranks

Seven crypto enthusiasts have joined the fray, hitting the Young Rich list for the first time. Kain Warwick, founder of the derivatives trading protocol Synthetix, shines brightly as the wealthiest crypto figure in Australia. With 879 million AUD in his pocket, he ranks seventh overall.

• Synthetix was born in 2017 and allows users to trade synthetic assets – think stocks, crypto, and even commodities without needing a physical appearance.
• The protocol boasts a total value locked of $2.2 billion, proving that virtual assets can indeed lead to real cash.

The Warwick Family: A Powerhouse of Talent

Kain isn’t alone in his quest for wealth; his brothers are also making headlines. Aaron, Grant, and Keiran Warwick all co-founded Illuvium, a play-to-earn crypto game that’s still in development but already capturing hearts and investment interest. Keiran ranks 22nd with 463 million AUD, while Aaron and Grant follow closely behind.

Illuvium’s Impact on the Gaming Landscape

Despite being in the works, Illuvium’s ILV token has skyrocketed to a market cap of $721 million. The game might not be out yet, but the profits are already flowing faster than a kid in a candy store!

Bitcoin Miners Paving the Way

On the sustainability front, brothers Daniel and William Roberts founded Iris Energy, a Bitcoin mining company focused on sustainable energy. Ranked 19th with a combined net worth of 484 million AUD, they are set to disrupt the energy and crypto landscape.

IPO on the Horizon

With plans to go public on the Nasdaq, they’ve filed to raise up to $100 million. Let’s just say their wallets are about to experience serious growth pains.

Chronobank’s Sergei Sergienko

Wrapping up the list is the ever-resourceful Sergei Sergienko, whose firm Chronobank aims to revolutionize the hiring process with blockchain technology. Coming in at 60th with 97 million AUD, he’s living proof that securing jobs can be both fast and fair.

“The company empowers HR and recruitment professionals with blockchain technology,” says Chronobank’s website. Talk about bringing the future to today!