The Australian Financial Review’s Rich Bosses list for 2024 is dominated by tech and mining executives and also welcomes a new face.
WiseTech Global co-founder and chief executive Richard White has retained the top spot on the Rich Bosses list after increasing the value of his shareholding by more than $2 billion last financial year.
The annual Rich Bosses list ranks the ASX 300’s wealthiest executives based on the value of their shareholdings in the company where they work as at June 30.after the software company’s first-half earnings beat analysts’ expectations. Months later, they temporarily edged above $100 per share for the first time since White had co-founded the company with Maree Isaacs in 1994.
The solid result shocked analysts as it came after the company warned shareholders last August that it expected to sell fewer products and experience margin pressure in the months ahead.Nevertheless, executive director Alan Wilson climbed one spot on this year’s list after the value of his company shareholding increased by 36 per cent to $9.03 billion.
Forrest had already conceded first place to White last year after the terms of his divorce left him with fewer Fortescue shares than his ex-wife Nicola. The couple also transferred $5 billion of Fortescue shares to their Mindaroo Foundation last June.that had taken the stock to record highs. But it still ended the financial year 137 per cent higher than it did in 2019..
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