Yahoo Finance Ben Simmons becomes youngest rich Australian
Australian basketball player Ben Simmons has joined the list of richest young Australians for the first time.
Coming in at number 93 worth $31 million, Simmons is the youngest member of this year's AFR Young Rich rankings.
In July, he signed a US$170 million five-year contract extension with his team Philadelphia 76ers.
Simmons is one of five basketballers making their debuts on the Young Rich list, courtesy of lucrative careers in the NBA in the US:
88. Joe Ingles (32, Utah Jazz): $33 million
89. Patty Mills (31, San Antonio Spurs): $32 million
92. Matthew Dellavedova (29, Cleveland Cavaliers): $31 million
93. Ben Simmons (23 years old, Philadelphia 76ers): $31 million
97. Dante Exum (24, Utah Jazz): $28 million
They join veteran Young Rich List member Andrew Bogut, who is worth $101 million and ranks 32nd.
The definition of "young" to make it onto the list is age 40 or under.
Sports as an industry has done well this year, scoring 16 spots in the top 100 – causing both software-as-a-service and e-commerce to shrink in representation since last year.
Golfer Adam Scott topped the rankings among athletes, coming at number 20 with a worth of $202 million.
Here are the top five sportspeople on the 2019 young rich list:
20. Adam Scott (age 39, golfer): $202 million
32. Andrew Bogut (34, basketballer): $101 million
50. Jason Day (31, golfer): $66 million
53. Daniel Ricciardo (30, Formula One driver): $61 million
71. Michael Clarke (38, former cricketer): $42 million
Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, property and tech news.
