Michael Heine
$2.2B
Born
Nov 10, 1949
Age
76
Source of Wealth
Financial services
Residence
Melbourne,
Citizenship
Australia
Marital Status
Married
Children
2
Education
- 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.
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