One made a fortune from glittery statement dresses, another sold up to Sam Bankman-Fried just in time. The newest self-made 40-and-unders are a mixed bag.
From a crop of influencer-driven fashionistas such as Babyboo’s Argylica Conditsis, to the last man to make money from Sam Bankman-Fried, the 16 new faces on theThe 30-year-old Conditsis started e-tailer Babyboo aged 17 at her parents’ house in Sydney’s Baulkham Hills, when she glued diamantes and rhinestones all over an old pair of heels. She got so many compliments on the street that Conditsis made a few more pairs and put them up on Facebook, where they sold out instantly.
, ranks seventh with a $1 billion estimate, based on the popularity of subscriptions to his LMCT+, an online club where he occasionally gives away a house or a sports car from his extensive collection. The 40-year-old Melburnian made an eight-digit fortune in 2019 when he sold his Third Party Technologies to Jack Dorsey’s Square , for whatreported was $US20 million. A platform to which other fintechs could plug in and gain an investment function for US markets, Giles’ product is now the retail investing tool within Block’s Cash App payments product.
So keen was Bankman-Fried for Embed to add stock trading to FTX’s crypto exchange, he bought the platform after just one meeting with Giles and used funds stolen from customer accounts to do it. At least, that is according to a lawsuit filed in May by the bankrupt shell of FTX, now being run by recovery expert John Ray.
Giles has also become a 23 per cent shareholder in the National Stock Exchange, opining that the half of the ASX’s 2800 listings that are capitalised at $100 million or less should consider moving to the alternative bourse.Instagram
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