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Oct 31, 2012

The young and the restless: Rich List stars fall from grace

BRW's Young Rich List has had more than its fair share of scoundrels and failures. Who made it big only to lose it all (almost)? Find out on Crikey's Young Failed Rich List.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

Perhaps because of the nature of their fortunes, or the leverage it often took to get there, the BRW Young Rich List appears to have had more than its fair share of scoundrels and failures.

3 comments

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3 thoughts on “The young and the restless: Rich List stars fall from grace

  1. MJPC

    Love these reports; capitalism at its rawest, saddest and greediest. For all their millions scammed and lost what in the end did they do for the betterment of mankind? All power to the tall poppy syndrome!

  2. Malcolm Street

    What a bunch of shonks! What I don’t understand is how quickly some of them came unstuck – rather than the business very quickly changing how much of it was dodgy accounting from the word go? And if that’s the case, who was watching them and why didn’t they pick it up earlier?

  3. Christopher Nagle

    Well it is like this: You take a big bubble, inflate it full of hot air and bullshit methane, think you can walk on water and defy gravity because bubbles float ever upward on the breeze, and then watch it crash in a blaze of glory sometime in October of an unlucky year.

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