Despite the dire state of the Australian economy – or perhaps because of it, given the cut-off for inclusion on Australia's BRW’s Rich 200 has fallen from $200 million to a mere $150 million.
There are some interesting new members of Australia’s wealthiest club including, Accountant Andrew Brice who was one of the seed investors in online travel company Wotif.com.
Wotif is proving to be one the best downturn-beaters on the Australian sharemarket – its shares are actually up 6 per cent in the last 12 months, against a 35 per cent fall in the broader market. Brice retains a big shareholding and joins the list with $170 million.
Good on ya mate!
