Tim Gurner in distant second to Atlassian duo in Young Rich List

Tim Gurner in distant second to Atlassian duo in Young Rich List
Tim Gurner in distant second to Atlassian duo in Young Rich List

Melbourne property developer Tim GURNER has come third in this year's Young Rich List, only behind Atlassian's Mike Cannon-Brookes and Scott Farquhar.

GURNER, 36, has moved from fifth in last year's earnings list. He has an estimated wealth of $631 million, up from $465 million in 2017.

Last year GURNER and wife Aimee upgraded homes in the affluent Melbourne suburb Toorak. They sold their 1930s English-style home for $7.55 million and paid $17 million nearby. 

Cannon-Brookes, the recent $100 million buyer of the Fairfax estate Fairwater, and business partner Scott Farquhar, who bought Elaine for $71 million last year, have a combined net worth of $14.2 billion.

They have topped the list for a record seventh year in a row, smashing their previous record of $6.08 billion.

Ori Allon, the 38 year old New York-based property and technology identity moved to number four on the list with a wealth of $539 million.

Last year he was seventh with a net worth of $364 million. The move came after his real estate firm Compass made a big splash disrupting the US property market.

Former Essendon Bomber Andrew Welsh, who has turned to property developing including creating his own Melbourne suburb, was 23rd on the list with an estimated wealth of $121 million.

Fellow property developer and Kanebridge founder Marwan Rahme, who only made his debut on the list last year, again sits at number 35 with a $70 million net worth.

Clearstate founder and managing director Dean Willemsen is two spots behind in 37th with a worth of $65 million.

Ross Robinson, co-founder and chief executive of Real Institute Australia, rounds off the property players in the top 100 at 64 with an estimated wealth of $39 million.

Despite a turbulent year, former Australian cricket captain Steve Smith leads the sports stars  

It's been a record breaking year for the Financial Review 2018 Young Rich List among the next generation of game changers.

The total wealth of the 2018 Financial Review Young Rich List reaches a record $23.5 billion for the 100 List occupants, up from $13.2 billion in 2017.

Their wealth is 14 times more than the next two names on the Young Rich List. 

Fellow tech heads Dave Greiner and Ben Richardson, who co-founded Campaign Monitor, missed out on the top 10 this year. Last year they were second with a combined total of $607 million.

Fitness entrepreneur Kayla Itsines and her fiancee Tobi Pearce are joint fifth and six on the list with combined wealth of $486 million. 

They are the wealthiest self-made 20-somethings in Australia after enjoying enormous success with their fitness app Sweat.

Despite a turbulent year which saw him banned from cricket for a year, former Australian captain Steve Smith debuted on the list in 95th place along with F1 driver Daniel Ricciardo at number 71.

Former NBA star and new Sydney Kings recruit Andrew Bogut tops the sportsmen in 30th, shortly ahead of top golfer Adam Short who is 33rd.

Socceroo legend Harry Kewell is the longest serving figure on the list. The manager of English Football League club Crawley Town, who is 48th this year, has been on the list since 2003.

There are 10 women on this year's Young Rich List, up from nine last year. Female debutants include Adore Beauty co-founder Kate Morris and Clearskincare Clincs managing director Alarna Longes.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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