Entrepreneurs

From Kayla Itsines to Miranda Kerr: Australia’s richest self-made women under 40

Women's Agenda /

Kayla Itsines

Sweat co-founder Kayla Itsines.

Ten women have made the cut on the 2018 Australian Financial Review Young Rich List, one up from the nine that made the list in 2017 and eight in 2016.

So the one extra woman a year for the past couple of years indicates some progress, but still shows a serious gap in the number of self-made, mega-wealthy Australian women.

Especially given this list purely focuses on Australians aged under 40 where — if anywhere — you’d hope, or maybe expect, to see the pipeline for female-generated wealth increasing.

This year fitness entrepreneur Kayla Itsines is the top women on the list, sharing the 5th and 6th spots with her fiancé Tobi Pearce for the fortune they made through their hugely successful fitness app Sweat. They have a massive shared wealth of $486 million, making them the wealthiest self-made 20-somethings in Australia.

Itsines has had a very good year, having appeared in the 40th spot in 2017, with an estimated wealth of $63 million.

She’s just 27 years old.

Still, the wealth Itsines shares with partner Pearce is a long way off the mind-boggling number that puts Mike Cannon-Brookes and Scott Farquhar in the 1st and 2nd spots on the list, with a combined $14.2 billion.

Envato co-founder Cyan Ta’eed is the second woman on the list, sharing the 8th and 9th spots with husband Collis, with a combined wealth of $428 million. Cyan recently launched social enterprise Hey Tiger.

Canva co-founder Melanie Perkins is the third highest woman on the list, sharing the joint 17th and 18th spots, with a shared wealth of $177 million.

Miranda Kerr is the fourth highest female at 52nd, followed by fitness entrepreneur Emily Skye, with a joint wealth of $36 million, placing her in the 67th spot on the list.

Showpo CEO Jane Lu makes the list again, this year in the 72nd spot. Alana Nicholls is in the 74th and 75th spot, and Triangl co-founder Erin Deeringis in the 77th spot.

And this year two women made the list for the first time, including Adore Beauty founder Kate Morris and ‎Clearskincare Clinics’ Alarna Longes.

Rich List editor Julie-anne Sprague, who is the first woman to edit the list, discovered that Sweat, the fitness app from Itsines, is making more money than those outside the business realised, leading the AFR to feature Itsines on tomorrow’s magazine cover.

The article was originally published on Women’s Agenda. Read the original article.

NOW READ: Moshal and Morris make their debut: The 100 richest young people in Australia revealed

NOW READ: Atlassian founders top Young Rich List after more than doubling their personal wealth in the last year

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