The rich youth are getting richer according to the 2016 BRW Young Rich list, and two tech founders top this year's ranks.
The 100 members on the list have enjoyed a record rise in wealth this year, and the tech sector dominates yet again with Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar on top for the fifth year in a row.
The overall wealth of the top 100 hit $12.3 billion in 2016, and technology was the dominant sector, with 27 people on the list, followed by financial services, and retail each with 11 young rich on the list.
Atlassian’s Cannon-Brookes and Farquhar have a combined wealth of $4.6 billion after the float of their software company on the NASDAQ exchange in the United States late last year.
The technology duo first rose to the number one ranking in 2012, when they knocked Nathan Tinkler from the top spot.
Numbers three and four are another tech duo, Dave Greiner and Ben Richardson, founders of Sydney-based Campaign Monitor. Although the two have stepped away from the day-to-day management of the firm, they remain directors and shareholders.
Number five on the list is Perth property developer, Paul Blackburne. His Blackburne Property Group dominates the Perth apartment market and develops three to four large apartment projects per year.
Sixth on the BRW Young Rich list is technology investor Simon Clausen, who is involved in tech businesses such as Chinese real estate portal Juwai.com and Freelancer.
Number seven on the list is Melbourne property developer, Tim Gurner, who builds apartment projects in inner-city suburbs such as Collingwood and North Fitzroy.
Eight is Swisse Wellness CEO, Radek Sali, who heads a business that has found huge success exporting vitamins to China, and is also starting to invest in start-ups himself.
Number nine is New York-based technology and property identity Ori Allon. His real estate tech firm Compass has made a big splash disrupting the US property scene.Rounding out the top 10 of the 2016 BRW Young Rich list is Sydney retailer and biotechnology company founder Sam Prince. He owns the Mexican fast food chain, Zambrero, and emerging biotech firm, Life Letters, a genetics testing company.