• Michael Bacina

AFR Young Rich List Crowded with Crypto like never before


The Australian Financial Review has published its annual Young Rich list with a stunning line up of Australian crypto royalty appearing this year.


Notable inclusions include:


Four Warwick brothers (possibly the most family members ever in the Rich List) with well known crypto personality and Synthetix founder Kain Warwick taking the number 7 spot, with an estimated AUD$879M net wealth. Keiran Warwick, co-founder of blockchain game Illuvium, took the number 22 spot. Aaron Warwick, also of Illuvium, at number 26, and Grant Warwick (another co-founder of Illuvium) at . Three of the Warwick brother's wealth are tied up almost exclusively in the Illuvium token ILV which in January was USD$50 and is trading at USD$900 today.


Other notable crypto personalities on the Rich List include Fred Schebesta at number 29, co-founder of Finder, who recently published a book on building a global empire and self described crypto-anarchist Sergei Sergienko, at number 60, who has been building blockchain businesses like Chronos and Timex for years and most recently was involved in the launch of a play-to-earn gaming guild CGU.


Larry Diamond of ZIP also features on the list, and is crypto adjacent with ZIP planning on integrating crypto trading within their ZIP wallet in the future. The AFR is even selling an NFT of the cover of the AFT Magazine to raise money for charity (see here). Kinsey Cotton (no. 47) has a mention for his investment in xBullion


Blockchain and crypto continue to build and go from strength to strength and as government regulation gives larger investors and financial services companies greater understanding and confidence, it looks like the AFR's Rich Lists are going to feature a growing number of those building wealth in the digital asset space.