More than $11 billion has been wiped from the value of the nation’s wealthiest entrepreneurs under 40, as the downturn in the tech sector sent valuations plunging.
The 2022 Young Rich List is topped by Canva founders Melanie Perkins, 35, at number one, and Cliff Obrecht, 36, at number two, who have seen $2.8billion wiped from their fortune.
Annual Young Rich List sees a combined loss of $11bn in 2022 mumbrella.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mumbrella.com.au Daily Mail and Mail on Sunday newspapers.
The 100 names on this year s Young Rich List have amassed a total wealth of $41.3billion, making fortunes from Instagram, online technology and even a Mexican restaurant chain.