Meet the regional Australian brothers who have debuted on the rich list

The Advertiser

30-05-2025

Two brothers from regional Victoria have made their debut on one of the country's most talked-about rich lists.
Ballarat siblings Shane and David Young have landed on the AFR rich list with a combined wealth of $839 million.
Their family-owned business, PETstock, was founded in 1991.
In 2021, the brothers established parent company Petspiration to encompass their network of pet care brands, products and services.
In 2022 Woolworths made a $586m offer to acquire part of the business and the rest is history.
But the brothers, who have landed at number 182 on the list, are not the only regional movers and shakers.
Canberra-born Sam Prince sits at 87 on the rich list with a fortune of $1.97 billion.
In 2005, Prince was a 21-year-old medical student when he founded the Mexican restaurant Zambrero in the capital territory.
Today, it has more than 300 stores around the world.
Cotton On founder Nigel Austin, who started the clothing business at Beckley Markets in Geelong, is one of the list's most compelling regional success stories.
Austin's first store was a tiny space in Geelong behind a butcher shop run by his grandfather.
With 1370 stores around the world, Austin is worth a staggering $2.42 billion.
Warracknabeal native Tim Heath has maintained his position on the rich list after his impressive debut in 2024.
The Victorian crypto king is worth $2.46 billion.
Mining services magnate Dale Elphinstone, who became Tasmania's first billionaire in 2019, has also scraped into the top 100 at 88 on the rich list.
His Burnie-based empire distributes and services earthmovers, trucks and engines.
John Casella and his family, who built their $2.38 billion fortune from the Yellow Tail wine brand, land at number 69 on the list.
A vast winery near Griffith in NSW pumps out large volumes of Yellow Tail.
The US is a key market for its wine and Donald Trump's tariffs will cause a headache for the business.
Farming duo Roger and Gail Fletcher also made the list.
The pair operates two sheep processing facilities, one in Dubbo and the other near Albany in WA.
They export sheep meat, grain and cotton around the world.
The pair grew up in Moree and have a combined wealth of $1.46 billion.
Other regional Australians haven't fared so well.
Construction mogul Wes Maas has fallen off the list after much fanfare in 2024 about his billion-dollar business.
Canberra's Snow family has also tumbled down the rankings with their wealth dropping from $4.1 billion to $1.46 billion.
Terry Snow, the Canberra Airport founder, died in August 2024.
More than half of his estate, according to AFR, has been given to a charitable trust.
Mining magnate Gina Rinehart remains the country's richest person with wealth totalling $38.11 billion.
Harry Triguboff, Anthony Pratt, Scott Farquhar and Clive Palmer round out the top five in the AFR Rich List.
Two brothers from regional Victoria have made their debut on one of the country's most talked-about rich lists.
Ballarat siblings Shane and David Young have landed on the AFR rich list with a combined wealth of $839 million.
Their family-owned business, PETstock, was founded in 1991.
In 2021, the brothers established parent company Petspiration to encompass their network of pet care brands, products and services.
In 2022 Woolworths made a $586m offer to acquire part of the business and the rest is history.
But the brothers, who have landed at number 182 on the list, are not the only regional movers and shakers.
Canberra-born Sam Prince sits at 87 on the rich list with a fortune of $1.97 billion.
In 2005, Prince was a 21-year-old medical student when he founded the Mexican restaurant Zambrero in the capital territory.
Today, it has more than 300 stores around the world.
Cotton On founder Nigel Austin, who started the clothing business at Beckley Markets in Geelong, is one of the list's most compelling regional success stories.
Austin's first store was a tiny space in Geelong behind a butcher shop run by his grandfather.
With 1370 stores around the world, Austin is worth a staggering $2.42 billion.
Warracknabeal native Tim Heath has maintained his position on the rich list after his impressive debut in 2024.
The Victorian crypto king is worth $2.46 billion.
Mining services magnate Dale Elphinstone, who became Tasmania's first billionaire in 2019, has also scraped into the top 100 at 88 on the rich list.
His Burnie-based empire distributes and services earthmovers, trucks and engines.
John Casella and his family, who built their $2.38 billion fortune from the Yellow Tail wine brand, land at number 69 on the list.
A vast winery near Griffith in NSW pumps out large volumes of Yellow Tail.
The US is a key market for its wine and Donald Trump's tariffs will cause a headache for the business.
Farming duo Roger and Gail Fletcher also made the list.
The pair operates two sheep processing facilities, one in Dubbo and the other near Albany in WA.
They export sheep meat, grain and cotton around the world.
The pair grew up in Moree and have a combined wealth of $1.46 billion.
Other regional Australians haven't fared so well.
Construction mogul Wes Maas has fallen off the list after much fanfare in 2024 about his billion-dollar business.
Canberra's Snow family has also tumbled down the rankings with their wealth dropping from $4.1 billion to $1.46 billion.
Terry Snow, the Canberra Airport founder, died in August 2024.
More than half of his estate, according to AFR, has been given to a charitable trust.
Mining magnate Gina Rinehart remains the country's richest person with wealth totalling $38.11 billion.
Harry Triguboff, Anthony Pratt, Scott Farquhar and Clive Palmer round out the top five in the AFR Rich List.
Two brothers from regional Victoria have made their debut on one of the country's most talked-about rich lists.
Ballarat siblings Shane and David Young have landed on the AFR rich list with a combined wealth of $839 million.
Their family-owned business, PETstock, was founded in 1991.
In 2021, the brothers established parent company Petspiration to encompass their network of pet care brands, products and services.
In 2022 Woolworths made a $586m offer to acquire part of the business and the rest is history.
But the brothers, who have landed at number 182 on the list, are not the only regional movers and shakers.
Canberra-born Sam Prince sits at 87 on the rich list with a fortune of $1.97 billion.
In 2005, Prince was a 21-year-old medical student when he founded the Mexican restaurant Zambrero in the capital territory.
Today, it has more than 300 stores around the world.
Cotton On founder Nigel Austin, who started the clothing business at Beckley Markets in Geelong, is one of the list's most compelling regional success stories.
Austin's first store was a tiny space in Geelong behind a butcher shop run by his grandfather.
With 1370 stores around the world, Austin is worth a staggering $2.42 billion.
Warracknabeal native Tim Heath has maintained his position on the rich list after his impressive debut in 2024.
The Victorian crypto king is worth $2.46 billion.
Mining services magnate Dale Elphinstone, who became Tasmania's first billionaire in 2019, has also scraped into the top 100 at 88 on the rich list.
His Burnie-based empire distributes and services earthmovers, trucks and engines.
John Casella and his family, who built their $2.38 billion fortune from the Yellow Tail wine brand, land at number 69 on the list.
A vast winery near Griffith in NSW pumps out large volumes of Yellow Tail.
The US is a key market for its wine and Donald Trump's tariffs will cause a headache for the business.
Farming duo Roger and Gail Fletcher also made the list.
The pair operates two sheep processing facilities, one in Dubbo and the other near Albany in WA.
They export sheep meat, grain and cotton around the world.
The pair grew up in Moree and have a combined wealth of $1.46 billion.
Other regional Australians haven't fared so well.
Construction mogul Wes Maas has fallen off the list after much fanfare in 2024 about his billion-dollar business.
Canberra's Snow family has also tumbled down the rankings with their wealth dropping from $4.1 billion to $1.46 billion.
Terry Snow, the Canberra Airport founder, died in August 2024.
More than half of his estate, according to AFR, has been given to a charitable trust.
Mining magnate Gina Rinehart remains the country's richest person with wealth totalling $38.11 billion.
Harry Triguboff, Anthony Pratt, Scott Farquhar and Clive Palmer round out the top five in the AFR Rich List.
Two brothers from regional Victoria have made their debut on one of the country's most talked-about rich lists.
Ballarat siblings Shane and David Young have landed on the AFR rich list with a combined wealth of $839 million.
Their family-owned business, PETstock, was founded in 1991.
In 2021, the brothers established parent company Petspiration to encompass their network of pet care brands, products and services.
In 2022 Woolworths made a $586m offer to acquire part of the business and the rest is history.
But the brothers, who have landed at number 182 on the list, are not the only regional movers and shakers.
Canberra-born Sam Prince sits at 87 on the rich list with a fortune of $1.97 billion.
In 2005, Prince was a 21-year-old medical student when he founded the Mexican restaurant Zambrero in the capital territory.
Today, it has more than 300 stores around the world.
Cotton On founder Nigel Austin, who started the clothing business at Beckley Markets in Geelong, is one of the list's most compelling regional success stories.
Austin's first store was a tiny space in Geelong behind a butcher shop run by his grandfather.
With 1370 stores around the world, Austin is worth a staggering $2.42 billion.
Warracknabeal native Tim Heath has maintained his position on the rich list after his impressive debut in 2024.
The Victorian crypto king is worth $2.46 billion.
Mining services magnate Dale Elphinstone, who became Tasmania's first billionaire in 2019, has also scraped into the top 100 at 88 on the rich list.
His Burnie-based empire distributes and services earthmovers, trucks and engines.
John Casella and his family, who built their $2.38 billion fortune from the Yellow Tail wine brand, land at number 69 on the list.
A vast winery near Griffith in NSW pumps out large volumes of Yellow Tail.
The US is a key market for its wine and Donald Trump's tariffs will cause a headache for the business.
Farming duo Roger and Gail Fletcher also made the list.
The pair operates two sheep processing facilities, one in Dubbo and the other near Albany in WA.
They export sheep meat, grain and cotton around the world.
The pair grew up in Moree and have a combined wealth of $1.46 billion.
Other regional Australians haven't fared so well.
Construction mogul Wes Maas has fallen off the list after much fanfare in 2024 about his billion-dollar business.
Canberra's Snow family has also tumbled down the rankings with their wealth dropping from $4.1 billion to $1.46 billion.
Terry Snow, the Canberra Airport founder, died in August 2024.
More than half of his estate, according to AFR, has been given to a charitable trust.
Mining magnate Gina Rinehart remains the country's richest person with wealth totalling $38.11 billion.
Harry Triguboff, Anthony Pratt, Scott Farquhar and Clive Palmer round out the top five in the AFR Rich List.