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Ben Simmons becomes youngest rich Australian

Young Rich listers Joe Ingles, Ben Simmons and Andrew Bogut. (Images: Getty)

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

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