There may only be six of them, but they pack a financial punch. See who made the list.
Out of 100 of Australia’s richest under 40-year-olds, only six are making their money in the healthcare space.
On a Young Rich List – compiled by the Australian Financial Review – dominated by AI, fashion, bitcoin, and property, it was the Tran brothers who finished on top of the health pile, at 49th overall.
Dr Aengus Tran and Dimitry Tran, of course, are the founders of Harrison.ai, which creates AI diagnostic solutions to “help solve healthcare capacity challenges”.
They came to Australia from Vietnam to study, and Aengus dreamed up Harrison.ai while still doing his medical degree.
In 2021, Sonic Healthcare bought a strategic stake in the business for $129 million and in February this year, Harrison.ai announced it had closed a $US112 million Series C capital raising, led by Aware Super, ECP, and Horizons Ventures.
The pair is worth $148 million, a growth of 7% on 2024. Dimitry will age out of the Young Rich List next year.
Coming it at 61st, 63rd and 64th respectively are three of the four cofounders of telehealth platform Eucalyptus. The fourth, Alexey Mitko, left the company in 2023.
Benjamin Kleist (61st) is currently worth about $108 million, a whopping 108% growth on his value from 2024. Charles Gearside (63rd) is worth $106 million, up 104% on last year; and Tim Doyle (64th) is worth the same.
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At the heart of Eucalyptus are the GLP-1 weight-loss drugs, which the company flogs through its brands Juniper and Pilot, which is also large with male fertility medications.
A financial report lodged for the 2024 financial year revealed significant revenue growth for Eucalyptus from $78 million to $121 million and a 60% drop in net loss.
The only other healthcare tyro on the list is Max Marchione, a self-described University of Sydney dropout who founded Ultraviolet Ventures (an angel investing platform), then co-founded Next Chapter (a “private member’s club for the most ambitious young people”), then co-founded Fractal Capital (a venture capital and private equity principal), and finally, and most relevant, co-founded in 2023, Superpower.
Based in San Francisco Superpower is all about longevity. Its personal healthcare “super-app” costs about $300 a year and includes biannual blood tests, analysed for biomarkers of a range of conditions to “give people a real-time understanding of their health”.
The business was valued at US$200 million in April and is understood to have increased that since then.
Mr Marchione’s personal wealth is valued at $53 million, and this is his first year on the Young Rich List.
Top of the list is Canva pair Melanie Perkins and Cliff Obrecht who are now worth a combined $18.4 billion, a 32% increased on 2024.
Sports stars Daniel Ricciardo, Ash Barty, Ben Simmons, Oscar Piastri, Andrew Bogut, Cameron Smith, Dante Exum, Jason Day, Joe Ingles, Jordan Mailata, Liam Hendricks, Matthew Dellavedova, Patty Mills, and Steve Smith also featured.
See the full list here.