Freedom and Prosperity

Saturday, September 25, 2004

In Praise of the Entrepreneur!

The "BRW" Young Rich

In contrast to the somewhat gloomy tone of some of my posts(!!!), today is an upbeat celebration of the entrepreneur. In particular, the young entrepreneur!

The Australian business magazine "BRW" (www.brw.com.au) recently published it's annual Young Rich issue. To make the list, you need to be under 40 years of age and have a net worth of at least A$10m. This year, 96 Australians made the list and at the top is John Ilhan, the founder of mobile-phone retailer "Crazy John's".

"The son of an immigrant family, he started with no contacts, no university degree and no experience, but he did have a burning drive to succeed. Fifteen years ago he was selling electronics in suburban obscurity. Now, at 39, he is worth A$300m."

It's a fascinating issue to read and well worth checking out. It's interesting to see the areas where the money is made - Retail, Services and Technology are the top 3 sectors, making up 70% of the total wealth represented by the list.

An inspiring issue!