Reports said that the Australian Financial Review (AFR) has compiled a list containing 87 of Australia’s richest entrepreneurs aged 40 and under, each of whom boasts a net worth greater than 36 million Australian dollars ($26.9 million).
It has been reported that the list is topped by Melanie Perkins and Cliff Obrecht, the co-founder, and the chief operating officer of popular graphic design software providers Canva. The married couple has an estimated net worth of 16.5 billion AUD ($12.3 billion) between them.
However, seven crypto luminaires have debuted on the AFR’s “Young Rich” list of 2021, including the minds behind some of the leading protocols in the decentralized finance (DeFi) and nonfungible token sectors.
Kain Warwick, the founder of derivatives trading protocol Synthetix, is ranked as the most affluent crypto figure in Australia, coming in at seventh overall with an estimated net worth of 879 million AUD ($657 million). Warwick founded Synthetix in 2017, with the protocol consisting of an Ethereum-based decentralized synthetic asset issuance protocol that offers exposure to a wide range of markets, such as crypto, stocks, and commodities via synthetic assets.
The report said that Synthetix ranks as the 22nd-largest DeFi protocol with a total value locked (TVL) of $2.2 billion, while its native SNX token is the 85th-largest crypto asset with a capitalization of $1.9 billion as of November 2.
Thus, Synthetix has raised a total of 46.1 million AUD ($34.46 million) over six funding rounds. The rounds included participation from Paradigm, Coinbase Ventures, and IOSG Ventures.