Rank #2023
Michael Heine
Net worth $2.1B
Financial services · Australia
- Born
- Nov 10, 1949
- Age
- 76
- Source
- Financial services
- Residence
- Melbourne
- Citizenship
- Australia
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Michael Heine started Netwealth in 1999 with his brother Leslie.
- Michael worked with his father Walter in international financing, mortgage lending and property development, then started a fund management business in 1982.
- He sold that business and launched Netwealth Group. It went public in 2017 and now has A$100 billion in funds under management.
- Netwealth provides products and services to financial advisers and individuals.
- Heine resigned as co-managing director of Netwealth in 2022 but remains a director. His son, Matt, is managing director and CEO.
- Michael's father, Walter, built a steel-trading business, Heine Bros., after fleeing Nazi Germany. It expanded into property and mortgage lending.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|