Crypto founders top young Australian rich list


The Australian Financial Magazine (AFR) has compiled a list of 87 of Australia’s wealthiest entrepreneurs aged 40 and under, each with net worth of over A $ 36 million ($ 26.9 million).

Topping the list are Melanie Perkins and Cliff Obrecht, co-founder and COO of renowned graphic design software provider Canva. The couple is estimated to be worth approximately $ 16.5 billion ($ 12.3 billion).

Seven crypto lights have debuted on AFR’s Young Rich List 2021, including the brains behind some of the leading decentralized finance (DeFi) protocols and the non-perishable token segment.

Kane Warwick, founder of the Synthetix derivatives trading protocol, was voted the richest cryptocurrency player in Australia, ranking seventh with an estimated net worth of AU $ 879M ($ 657M).

Warwick founded Synthetix in 2017 with a protocol consisting of an Ethereum-based decentralized issuance of synthetic assets protocol that provides access to a wide range of markets such as cryptocurrency, stocks and commodities through synthetic assets.

Synthetix is ​​ranked as the second largest DeFi protocol with a total locked-in value (TVL) of $ 2.2 billion, while the original SNX token is the 85th crypto asset with a capitalization of $ 1.9 billion at the time of writing.

Synthetix has raised A $ 46.1M ($ 34.46M) in six funding rounds. According to Crunchbase, the tours were attended by representatives from Paradigm, Coinbase Ventures and IOSG Ventures.

Eluvium and the Warwick brothers
Kane Warwick isn’t the only family member on the list, this year’s three siblings, Aaron, Grant and Kieran, are also on the list.

The three brothers are co-founders of the upcoming lucrative cryptocurrency game Illuvium in 2020. Keiran leads the group with AU $ 463M ($ 346M) net worth and is ranked 22nd, while Aaron will soon be 26th with AU $ 425M. … The grant is ranked 34th with AU $ 196 million.

While Illuvium is currently still in development, the ILV token has climbed the market value rankings this year amid rapid price increases and is currently ranked 145th with a value of $ 721 million.

To date, Illuvium has raised $ 5 million in a funding round involving Framework Ventures and IOSG Ventures.

Resilient Bitcoin Miners
Also on the list were brothers Daniel and William Roberts when the duo came in at 19th place for a total of $ 484 million. Earlier this year, the duo founded Iris Energy, a Bitcoin mining firm (BTC) focused on sustainable energy. In July, Cointelegraph announced that the company intends to raise $ 200 million in preparation for the Nasdaq IPO.

The company applied for listing with the US Securities and Exchange Commission last week to raise up to $ 100 million. The company intends to add its shares to the REN Index later this year.

RELATED: Australian company files $ 100 million class action lawsuit over Dodgy QOIN

Sergeenko’s rise to glory
Finally, Sydney-based Sergei Sergienko ranked 60th with a net worth of $ 97 million ($ 72.5 million) in part due to his work with Chronobank, a blockchain-based company he founded in 2016 that streamlines processes. hiring and allows employees to get paid. there. Crypto assets.

Chronobank’s website states, “The company empowers HR and hiring professionals through blockchain technology, and empowers self-employed people around the world to find better jobs and pay them quickly and fairly.”



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