The annual publication of the Rich List prompts many different responses, typically starting with envy. But it should also send investors scrambling to see if their portfolios need a bigger sprinkling of Rich List magic.is out of the reach of most mere mortals, mum and dad investors can ride on the coat-tails of our top entrepreneurs by buying stock in their listed companies.
This year, 49.2 per cent of the top 20’s wealth came from listed sources, including Mike Cannon-Brookes and Scott Farquhar’s stakes in software giant Atlassian, Nicola Forrest and Andrew Forrest , Ivan Glasenberg , Richard White , Kerry Stokes , and Vivek Chaand Sehgal . Chris Ellison’s Mineral Resources delivered whopping 380 per cent and 606 per cent returns over five and 10 years, while Brett Blundy’s affordable jewellery retailer Lovisa has delivered an incredible 1353 per cent return over the past decade.
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Source: FinancialReview - 🏆 2. / 90 Read more »