The Australian Financial Review has revealed who the richest young people in Australia are right now.
The list consists of wealthiest self-made Australians aged 40 and under.
Of the top 100 listed, only 10 of those are women.
We thought it was worthwhile to take a look at who they are and their achievements.
Here are the 10 richest young women in Australia in 2018.
Kayla Itsines, co-owner of Sweat
Wealth: $486 million
Itsines and her fiance “evolved what was a Bikini Body Guide e-book into Apple’s largest grossing health and fitness app. The app, which promotes 28-minute workouts… is on track to generate $100 million in revenue this year.”
Cyan Ta’eed, co-founder and executive director of Envato
Wealth: $428 million
Envato is an online creative marketplace Envato which Ta’eed and her husband started in their garage. “More than a decade later the business is turning over $US82.3 million.”
Melanie Perkins, co-founder and chief executive of Canva
Wealth: $177 million
“Online design and publishing platform Canva became the first Australian startup since Atlassian to join the elite ranks of Silicon Valley ‘unicorns’, or private businesses with a valuation in excess of $US1 billion,” thanks to a $US40 million funding round in January.
Miranda Kerr, founder of Kora Organics
Wealth: $52 million
Kerr, a former model, launched her skincare and cosmetic business KORA Organics in 2009. It is now “stocked by more than 200 retailers including mega French cosmetic chain Sephora.”
Emily Skye, founder of Emily Skye Fitness
Wealth: $36 million
“What began as posting workout tips using Blogspot has turned into a lucrative subscription-based business, which attracted investment from Quadrant Private Equity this year.”
Jane Lu, founder and CEO of Showpo
Wealth: $33 million
“The former accountant established Showpo, which throws off $30 million revenue and employs more than 35 people, in 2010… She is also co-founder of networking group Like Minded Bitches Drinking Wine, which boasts 80,000 members.”
Alana Nicholls, co-owners of Platinum Electricians
“Platinum Electricians began as a classic ‘man with a van’ operation in 2001 but now has more than 160 vans operating across the country, employs more than 350 people and turns over more than $45 million.” The franchise business is jointly owned by her partner Joshua who initially launched the business.
Erin Deering, co-founder of Triangl
Wealth: $32 million
Deering’s retail business was launched out of her frustration of not being able to “find a bikini she liked for under $200 for their trip to the beach”. The brand has now been worn by celebrities including Kendall Jenner, Miley Cyrus and Ellie Goulding.
Kate Morris, co-owner of Adore Beauty
Wealth: $30 million
Morris launched her online beauty store from her garage in 1999. “About 15 years later, adorebeauty.com.au attracts millions of visitors each year, sells more than 200 cosmetic brands and turns over nearly $30 million.”
Alarna Longes, co-founder of Clearskincare Clinics
Wealth: $29 million
Longes and Dr Philippa McCaffery launched Clearskincare Clinics, which stretched to 44 clinics across Australia and New Zealand “before being acquired by Australian Pharmaceutical Industries, the owner of Priceline, for $127.4 million in June”.
NOW READ: The 10 richest young people in Australia
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