Michael Heine

Michael Heine (born ) is an Australian businessman and billionaire. He is best known as the founder and managing director of Netwealth, an ASX-listed funds management and financial technology firm established in 1999. Heine was previously involved in various other ventures with his father, Walter, and brother, Leslie, including Heine Brothers, Heine Management, Heine Finance, and Eurolynx.

Early life Heine is the son of Walter Heine, who was born in Leipzig, Germany, into a family of textile merchants. His father moved to the United Kingdom in the 1930s to escape antisemitism and was subsequently sent to Australia as an enemy alien aboard . In 1946 Walter Heine established Heine Brothers (Australasia) Pty Ltd, which initially focused on food processing but later engaged in commodities trading.

Initially joining the family business after leaving high school, Michael Heine does not hold any tertiary qualifications. The brothers subsequently expanded into property management, as Heine Management, and investment and mortgage finance, as Heine Finance.

In 1986, Michael and Leslie Heine publicly listed their holding company Eurolynx, retaining a 25 percent stake. In the same year, Eurolynx bought Wheatley Communications, which held several radio station licences in New South Wales and Victoria, for 90 million from Heine's friend Glenn Wheatley. It was quickly onsold to Hoyts for 130 million and renamed Hoyts Media, but the nominal profit was eventually reversed following a revaluation as Eurolynx maintained a 25 percent holding. In 2017, he listed Netwealth on the Australian Stock Exchange and its share price rose 44 percent on the first day of trading. , his net worth was assessed at 4.36 billion.

2019

2020

2021

2022

2023

2024

2025

Legend Icon DescriptionHas not changed from the previous yearHas increased from the previous yearHas decreased from the previous year