Australia's Under-40 Wealth Hits Record $31.7B Led by Canva Founders

The 2025 Financial Review Young Rich List highlights a record surge in wealth among Australia's richest under-40s, with the total net worth now at $45 billion, a 7.9% increase from the previous year largely fueled by tech and cryptocurrency sectors. Canva co-founders Melanie Perkins and Cliff Obrecht top the list for the sixth consecutive year, with their combined fortune growing by $4.5 billion to $18.5 billion. Rising sports stars like Formula 1 driver Oscar Piastri and retired driver Daniel Ricciardo also feature prominently, reflecting the growing influence of sports on wealth creation. The list saw 22 new entrants, collectively worth around $4 billion, with a minimum wealth threshold raised to $44 million. Tech dominance remains strong, contributing over 62% of the total wealth on the list, underscoring the sector's significant role in young Australian fortunes. This marks a 1700% increase in collective wealth since the list's inception in 2003, reflecting a booming era for young entrepreneurs and athletes alike.