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Billionaires

This Month

Zena Nasser is now a director and shareholder of Richard White’s personal investment vehicle.

WiseTech founder restructures assets to give wife a share

Richard White’s corporate restructure puts Zena Nasser in the driving seat of one of his private investment vehicles.

  • Max Mason, Kate McClymont and Nick McKenzie

November

Australia’s wealthiest women and those leading philanthropic foundations gathered in Canberra on Thursday to boost female giving.

Australia’s wealthiest women join forces to supercharge philanthropy

Women from Australia’s biggest philanthropic donors met in Canberra on Thursday for She Gives’ first roundtable, including Fiona Geminder and the Fox family.

  • Yolanda Redrup
WiseTech founder Richard White in a pre-recorded annual shareholder meeting address.

WiseTech’s Richard White inquiry failed to interview two key women

The investigation into complaints against the billionaire founder has described a process of ‘creative abrasion’ at the company but found he did nothing wrong.

  • Updated
  • Max Mason, Nick McKenzie and Amelia McGuire

Heloise Pratt alleges ex-husband Alex Waislitz falsified board records

The two billionaires had been on amicable terms after splitting in 2015 until a stoush started over the control of Thorney Investments.

  • Max Mason
Alex Waislitz.

Heloise Pratt sues former husband Alex Waislitz over Thorney

Visy Industries scion Heloise Pratt is suing her billionaire ex-husband Alex Waislitz in a fight over their joint-owned business, fund manager Thorney Investments.

  • Max Mason
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Steve Schwarzman, chief executive officer of Blackstone Group.

Blackstone CEO’s bet on Trump gives him the edge on Dimon, Buffett

Stephen Schwarzman already has $76 billion, and he has become more powerful and a lot richer since the election of Donald Trump.

  • Dawn Lim, Ben Bartenstein and Amanda Gordon
Mineral Resources founder and managing director Chris Ellison.

Moody’s downgrades MinRes as big investors demand board overhaul

The credit ratings agency has cut the lithium and iron ore miner to negative, citing the “negative implications” of its governance issues.

  • Mark Wembridge
A private jet in Dallas, Texas, earlier this year. There has been a surge in their use, with the US by far the most popular destination.

Private jet use jumps – and so do emissions (even to a climate summit)

A peer-reviewed study has found carbon emissions have risen almost 50 per cent in four years, and wealthy Australians are disproportionately represented.

  • Ayesha de Kretser
Mineral Resources was founded by Chris Ellison, pictured leaving his Perth head office on Monday evening. He says he will leave the company in the next 18 months.

Inside the two-week unravelling of Chris Ellison’s hold on MinRes

Monday’s attempt to draw a line in the sand still leaves unanswered questions for shareholders and investigators about the goings-on at Mineral Resources.

  • Mark Di Stefano and Neil Chenoweth
MinRes’ James McClements, founder Chris Ellison and L1’s Raphael Lamm.

MinRes board faces investor wrath for ousting Ellison

Chris Ellison will depart within 18 months after the board found he inflicted “significant reputational impact” by using company resources for personal benefit.

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  • Peter Ker, Mark Wembridge and Joanne Tran
Chris Ellison is the founder and managing director of Mineral Resources, a diversified miner worth billions of dollars.

MinRes paid a 70pc mark up to rent Chris Ellison-owned properties

Independent valuations that the owners of the four industrial facilities commissioned themselves indicated that the leases were well in excess of market rates.

  • Neil Chenoweth and Mark Di Stefano
Donald Trump in Greensboro, North Carolina.

Once critical, billionaires and CEOs are hedging their bets on Trump

Except for Elon Musk, US business leaders are too scared to express a view in case the former president seeks revenge during his second term in the White House.

  • Jennifer Hewett
SoftBank chief executive Masayoshi Son.

Meet the oddest of the oddball billionaires

SoftBank’s Masayoshi Son may have made and lost more money than anyone alive. It’s unlikely that he’s finished yet.

  • Adrian Wooldridge

October

Richard White’s personal life spilled into the open after his now wife, Zena Nasser (right) found out about his lover, Linda Rogan.

How Richard White’s humble tech nerd image came undone

Why he clung on to his job at the top of WiseTech despite an $11 billion fortune as his personal life disintegrated is a question only he can answer.

  • Max Mason, Kate McClymont and Nick McKenzie
Richard White, WiseTech Global’s founder, with chairman Richard Dammery.

WiseTech chief executive Richard White quits amid scandal

The billionaire businessman will return as a full-time consultant on the same salary he enjoyed as chief executive of the company he founded three decades ago.

  • Max Mason, Kate McClymont and Nick McKenzie
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Billionaire Richard White and his former partner Christine Kontos.

Richard White gave $7m mansion to female WiseTech employee

But the billionaire businessman, who is the software firm’s chief executive, said he had disclosed the relationship before she started at the company.

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  • Kate McClymont, Max Mason and Nick McKenzie
Nicole Shanahan, Robert F Kennedy jnr’s running mate.

She’s a billionaire divorcee who ran for VP – now she’s a Trump star

A chameleon who rose from a hard childhood to join the most elite circles of big tech, Nicole Shanahan has had a startling transformation into the world of right-wing politics.

  • Elizabeth Dwoskin, Ashley Parker, Meryl Kornfield and Aaron Schaffer
Richard White in August. The billionaire has built WiseTech Global into a software giant, but has recently been selling shares.

Billionaire Richard White’s WiseTech share sales to pay ex-wife

The businessman has previously said he was selling down his stake in the software giant he founded because investors were demanding shares be made available.

  • Max Mason, Kate McClymont, Tess Bennett and Anne Hyland
Richard White is the founder of WiseTech. His board has included Andrew Harrison (left), Maree Isaacs, Charles Gibbon and Richard Dammery, who is the current chairman.

‘LinkedIn Lecher’: WiseTech board to probe payments to CEO’s ex-lover

An investigation also reveals the businessman approached female entrepreneurs with offers of professional help that shifted into crude or suggestive language.

  • Nick McKenzie, Max Mason and Kate McClymont
Elon Musk is backing Donald Trump with millions of dollars, while Kamala Harris has the soft-power support of Taylor Swift.

These are the new billionaires backing Trump, Harris

From venture capitalist Tim Draper to LinkedIn co-founder Reid Hoffman, many of America’s billionaires are out in force to help their candidate win an extremely tight presidential election.

  • Matthew Cranston