Gina Rinehart’s youngest daughter and Canva co-founder Melanie Perkins share the title of being Australia’s youngest billionaires, new data has revealed.
The mining tycoon, who inherited millions from her father Lang Hancock, has four children who each occupy a list of the top ten youngest Australian billionaires.
The Rinehart siblings, aged 36 to 47, each inherited billions from a trust that owns a quarter stake in the family mining company, Hancock Prospecting.
Ginia Rinehart, 36, is the youngest of the Rinehart brood, with a net worth of $5.59billion.
She is followed by sisters Hope Welker, 37 and Bianca Rinehart, 46, and their brother, John Hancock, 47, each with a net worth of $3.1billion.
Ginia Rinehart’s youngest daughter Ginia (pictured) and Canva co-founder Melanie Perkins are Australia’s youngest billionaires, new data has revealed
Melanie Perkins, who co-founded graphic design platform with two others, shares the title of youngest Australian billionaire with Ginia Rinehart
In addition to being a beneficiary, John is also a senior adviser at Lind Partners LLC and runs his own private investment fund.
The Rinehart siblings are the only non-self-made billionaires in the top 10.
Ms Perkins, who co-founded graphic design platform Canva with her partner Cliff Obrecht, 37, and Cameron Adams, 43, shares the title of youngest Australian billionaire with Ginia Rinehart.
Both Ms Perkins and Mr Adams have a net worth of $5.59billion.
Ms Perkins is the 836th richest billionaire in the world, according to Forbes.
The couple own an 18 per cent stake in Canva, which is estimated to be worth as much as $62 billion as of September 2021.
Melanie Perkins and Cliff Obrecht (pictured together) co-founded graphic design platform Canva with Cameron Adams in 2013
Ranked #151 on Forbes’ Rich List, Mr Cannon-Brookes is the richest in the top ten
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar, both 43, are joint fifth-youngest Australian billionaires.
Ranked #151 on Forbes’ Rich List, Mr Cannon-Brookes is the richest in the top ten, with a net worth of $17.8 billion, while Mr Farquhar is worth $17.4billion.
Mr Cannon-Brookes’ wealth also comes from his 11.3 per cent stake in Australia’s largest energy generator, AGL Energy.
The billionaire also has a minority stake in the NBA team Utah Jazz. He became the first Australian owner of a basketball team in 2020.
Mr Cannon-Brookes also acquired the Sun Cable development which plans to deliver 1.8 gigawatts of solar energy from Australia to Singapore.
Mr Cannon-Brookes and Mr Farquhar are the only billionaires in the top ten with links to publicly-traded companies. Atlassian was listed on the stock exchange in 2015.
Atlassian co-founder Scott Farquhar is estimated to be worth $17.4billion
Cameron Adams, 43, the cofounder and chief product officer of Canva also made the list, with a networth of $2.7billion.
Nigel Austin, 52 the founder and majority owner of the Cotton On clothing and stationery group, is worth $2.1billion.
The research found that the software sector produces the most billionaires under the age of 45, with 50 per cent of the top ten from this sector.
New research from City Index use data from Forbes to break down the number of billionaires across the globe by age, sector and wealth to determine the youngest billionaires in each country.
Of Australia’s top 10 youngest billionaires, 60 per cent are male and 60 per cent are self-made. On average, female billionaires are younger and richer than the men.
The average age of a female Australian billionaire is 53, younger than the average Australian male billionaire’s age, 70.
The average net worth of a female Australian billionaire is $7.6 billion, more than male Australian billionaires, worth $6.1 billion.
