8.Bill McDonald

 Bill McDonald

 

Net Worth: $135 Million

Bill McDonald, who is good at hiding from the spotlight, started making his millions through a Civil, construction and mining services company, MCG Holdings, which he established 10 years ago.
Wanting his own mines, Bill went on to start up his next venture,  Jingella resources. A subsidiary company that develops exploration leases. He then went on to borrow $360 million to buy a coalfield in Queensland. The Coalfield provided Bill with a few bumps in the road to begin with however it is now back on track earning him a place on our list!

7.Ruslan Kogan

  Ruslan Kogan

 

Net Worth: $145 Million

After launching one of Australia’s largest online electronic store ‘Kogan.com.au’, Ruslan Kogan has secured the spot to be ‘The Richest Australian Entrepreneur Under 30’.
Ruslan Kogan also owns 50% of the online furniture retailer ‘Milan Direct’. Kogan recently recorded more than $1 Million in sales in a day, not bad for someone who started on a dinky little computer in his parents garage.

6.Hezi Leibovich

Hezi Leibovich

 

Net Worth: $155 Million

Hezi Leibovich is the founder of the retail websites ‘Catch Of The Day’, Scooopon.com, Grocery Run & Vinomofo, turning over nearly $250 Million last year. Hezi has had a large interest with a number of high end Australian investorssuch as James Packer & Seek.com’s chief Andrew Bassat who outlayed $80 million for a 40% stake in Hezi’s ventures.
Hezi is contemplating a public float or trade sale in the next 2 years, which should bring the value of Hezi’s empire to a whopping $600 Million. Not bad for an Aussie online retailer.

5.Ashley Fraser

Ashley Fraser

 

Net Worth: $195 million

Ashley Fraser from Mackay, QLD is yet another one to top the list with a hire business as his company ‘Orionstone’ proves to be a heavy weight in machine hire for Australia’s booming mining industry.
Ashley started his machine hire company back in 2003 with a $20,000 limit on his credit card.

4.Simon Clausen

Simon Clausen

Net Worth: $230 million

Technology Entrepreneur Simon Clausen who was born in Sydney but has since made the big move to Geneva, Switzerland comes in at number 4 on the Austraia’s youngest millionaire list. Simon’s net worth of $230 Million makes him the second richest Aussie in the technology market for 2012. After selling his computer security software ‘PC Tools’ to Symantec for $300 Million Simon has since invested in the well known crowd sourcing website freelancer.com with an impressive return.
It looks to me that there will be a lot more of those in the technology sector performing well in the years to come as the computing world and the online web is proving to be a highly profitable market.

3.Mark Ackroyd

Mark Ackroyd

Net Worth: $290 Million

High school dropout Mark Ackroyd who is based out of Brisbane recently sold his Machine hire company to a Japanese conglomerate ‘Mitsui’ for $150 million.
Mark left high school for an apprenticeship in plant mechanics where he believes he obtained a world of knowledge, which in turn has become his main leverage against competitors in the machine service market.

2.Nathan Tinkler

Nathan Tinkler

 

Net Worth: $400 Million

Located in Singapore, with a net worth of $1.13 Billion in 2011 and a now net worth of $400 Million this 2012, you would say that Nathan Tinkler the resource magnate has seen better days. This is one of the risks in investment in the coal industry but Nathan believes he will be back on his feet in the next quarter.