BRW’s move from Melbourne to Sydney and the raft of resignations that came with it means that this year’s Rich List will be assembled by a new look team. And never before have they had to grapple with so much wealth being created in such a short time.
The Crikey Revised Wealth (CRW) List is designed to help BRW improve its accuracy record and last week we brought you the names of five new miners who should clearly be included.
Whilst there are plenty more miners to come, today we’ve looked beyond the resources boom to these five directors of public companies who have clearly accumulated piles worth more than $100 million.
John Church: the long time director of the listed Milton Corporation has ridden the stockmarket boom to see his stake now worth $118 million.
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Steven Eckowitz: the founder of the Everest hedge fund group is now the largest shareholder in Everest Babcock & Brown whose 40% stake is worth $285 million. Steven’s son-in-law Jeremy Reid is the managing director.
Harold Mitchell: the $100 million purchase of Mitchell & Partners by emitch has confirmed the media buying colossus should be returned to the BRW Rich List after being booted off in 2001.
John Rothwell: not all Rothwells in Perth go bad. The executive chairman of ship builder Austal has had a stellar year and now holds a stake worth $112 million.
Graeme Wood: the founder of internet accommodation company Wotif Holdings collected $40 million from last year’s $142 million float and still holds 51 million shares worth an additional $214 million.
If you know of some private person worth more than $100 million who has remained below our radar, drop us a line to [email protected].