/ 27 October 2023

Filthy rich and loving it

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Aussies are feeling the cost of living pinch, but a few youngsters don’t have to worry about paying the rent… The Financial Review has published its Young Rich List (paywall) – and coming in #1 are Canva geniuses Cliff Obrecht and Melanie Perkins with a tidy $13 billion. The list is heavy with tech types – #3 Ed Craven’s got a $3.1 billion crypto-accepting casino, while the founders of banking platform Airwallex take out 3 spots in the Top 10. A burrito-based business also gets a look in – the #4 spot is taken out by Zambrero founder Sam Prince – he’s now worth a handy $1.5 billion. One of the new faces on the list at #80 is Babyboo founder Argylica Conditsis. She started glueing diamantes onto old shoes and got so many compliments she’s built her “out-there aesthetic” into a $60 million brand. Shine bright like a diamond…

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