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Intergenerational transfer hits $1.5tn

KARREN VERGARA
Australians give away the vast majority of their wealth, as some $1.5 trillion has been passed on to the next generation since 2002, the Productivity Commission finds.

Cannon-Brookes takes stake in Rabbitohs

ELIZABETH MCARTHUR
Atlassian co-founder and billionaire Mike Cannon-Brookes has purchased a stake in NRL club South Sydney Rabbitohs, after recently becoming a minority owner of the Utah Jazz basketball team.

Joining the 1% around the world: Analysis

ELIZABETH MCARTHUR
New analysis reveals that Australians would have to work 66 years and five months to join the country's wealthiest 1%, while Chinese workers would need more than 101 years in the workforce to join China's 1%.

Family offices back Regal resources fund

ELIZABETH MCARTHUR
A small group of family offices have backed a new long/short resources fund from Regal Funds Management to the tune of $90 million.

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Out with the old

MARK CARNEGIE
FOUNDING PARTNER
M.H. CARNEGIE & CO. PTY LTD
Venture capitalist Mark Carnegie was born into a wealthy and successful family and is attune to his exceptional privilege. Here he shares with Elizabeth McArthur his investing philosophy, philanthropic work and why he thinks the smart money is in cryptocurrency.
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