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Latest news with #FinancialReviewRichList

Crypto billionaire invests millions to build Australia's ChatGPT
Crypto billionaire invests millions to build Australia's ChatGPT

AU Financial Review

time29-07-2025

  • Business
  • AU Financial Review

Crypto billionaire invests millions to build Australia's ChatGPT

The billionaire founder of online casino giant is pouring millions of dollars into a new artificial intelligence venture with ambitions to become Australia's answer to OpenAI, the company behind ChatGPT. Ed Craven has made his fortune, estimated by the Financial Review Rich List at $4.8 billion, through the controversial gambling platform that uses cryptocurrencies for payment and is illegal for Australian punters.

Fortescue smashes export record, calls time on hydrogen projects
Fortescue smashes export record, calls time on hydrogen projects

AU Financial Review

time23-07-2025

  • Business
  • AU Financial Review

Fortescue smashes export record, calls time on hydrogen projects

Fortescue shipped a record volume of iron ore in the year to June and is forecasting stronger growth in next 12 months as production costs fall, while problems persist at its Iron Bridge project. The company, founded by Andrew Forrest whose wealth is estimated by the Financial Review Rich List to be $12.68 billion, told investors it could grow iron ore volumes by a further 3 per cent in the year ahead.

‘The pub life': How hotel barons keep it in the family
‘The pub life': How hotel barons keep it in the family

AU Financial Review

time01-06-2025

  • Business
  • AU Financial Review

‘The pub life': How hotel barons keep it in the family

Arthur Laundy has been tapping kegs since he was eight when his father ran the Sackville Hotel in Rozelle, then in the heart of working-class inner Sydney. Plunged into the family business in his twenties when his father died in a light plane crash, Laundy has grown the group from two pubs in 1969 to more than 40 – an empire now worth $1.75 billion and putting him at no. 94 on this year's Financial Review Rich List.

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