#1983

Michael Heine

Australia 76 years old Self-Made

Overview

Source of Wealth
Financial services
Residence
Melbourne
Marital Status
Married
Children
2

Assets

  • Netwealth Group Ltd
    103,508,000 shares @ -
    -
    NWL-AU

Biography

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.

About

Michael's father, Walter, built a steel-trading business, Heine Bros., after fleeing Nazi Germany. It expanded into property and mortgage lending.