The nation’s wealthiest people have lost more than $11 billion in value this week, led by iron ore magnates Gina Rinehart and Andrew Forrest and tech duo Mike Cannon-Brookes and Scott Farquhar.
With its prime position on Spring Street, above a metro entrance at the upmarket east end of town, 85 Spring Street has also been a graveyard of developers’ ambitions for almost a decade.
It took patience, a passion for property and a lot of petrol-pumping for Melbourne entrepreneur Nick Andrianakos to rise to the Financial Review Rich List.
Michael Dunworth, 36, has returned to Sydney $267million richer after selling his share of the cryptocurrency payment company Wyre he co-founded with a friend in California in 2013.