Tinkler falls off BRW Young Rich list

EDS: Not to be used before 1500 AEST on Wednesday September 18

By Evan Schwarten

SYDNEY, Sept 18 AAP - Just two years ago, Nathan Tinkler was sitting comfortably atop BRW's Young Rich list, with a fortune estimated at $1.13 billion.

Now the mining entrepreneur has dropped off the list altogether after failing to miss the $18 million cut off.

Averaged out over the two years, the decline in Mr Tinkler's wealth equates to more than $10 million a week.

Mr Tinkler, who has been hit with court action over unpaid debts this year and is selling personal property, is the biggest casualty on this year's Young Rich List.

At the top of the 2013 list are software entrepreneurs Mike Cannon-Brookes and Scott Farquar, with a combined wealth of $550 million.

One of the biggest movers is Ruslan Kogan, founder of online retailer Kogan, who has lifted from number eight to number three on the list, with an estimated fortune of $315 million.

Carolyn Creswell, who owns muesli company Carman's, is the richest woman on the list, with $55 million and is ranked number 34 overall.

Retired MotoGP rider Casey Stoner, 27, is the youngest person on the list, with an estimated wealth of $20 million.

IT and sport dominate the list, with 32 tech entrepreneurs and 14 sport stars among the top 100.

BRW editor James Thomson said it was a diverse list with 25 people making their debut in 2013.

"The 2013 BRW Young Rich list is, without question, the most exciting group of entrepreneurs we've assembled in the 11 year history of the Young Rich," he said.

"We've got the pioneers of technology and eCommerce, we've got the upstarts of retail and franchising. And as always, we've got glamour courtesy of the young stars of sport and entertainment."

BRW Young Rich list features the 100 wealthiest self-made Australians aged 40 and under and excludes people who have inherited their wealth.

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