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Published 21 September 2011 13:35, Updated 30 September 2011 10:35
At 35 years old, Nathan Tinkler is the wealthiest self-made entrepreneur under 40 in Australia, with his total fortune valued at $1.13 billion, which an increase of 85 per cent from his personal wealth of $610 million in 2010.
London hedge fund manager Greg Coffey secured second position with a fortune of $743 million, an increase of $337 million in the past 12 months.
Glencore International CFO Steven Kalmin debuted on the Young Rich list in third place with a total wealth of $458 million, while the forth and fifth place have been taken by software entrepreneurs Mike Cannon-Brookes and Scott Farquhar whose combined wealth totals $360 million. Property investors Shaun Bonett and Ashley Williams come in number sixth and seventh with $295 million and $240 million respectively. Software entrepreneur and property investor Simon Clausen makes it to eighth position, while Bill McDonald, mining services, and Angus Grinham, financial services, round out the top 10 with $171 million and $146 million respectively.
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There were only eight women on this year’s list, with Prue Earls taking the top spot in sharing $50 million and a joint listing in 40th position with her husband Laurence Earls.
Across the list the rich have become richer, with their overall wealth rising to $7.3 billion this year from $6.3 billion in 2010.
For a comprehensive listing and coverage of the people and companies in the list, look for the BRW Young Rich on newsstands throughout October, or subscribe to BRW to get full access to 20 years worth of archives online.