Miranda Kerr was one of the celebrities on the Young Rich List. Picture: Rich Fury/Getty Images.AUSTRALIA’S 100 richest young people have hit a record combined wealth of $13.2b, with the list spread across industries from model Miranda Kerr to the developer of an iconic Brisbane development project.The richest young people under 40 in Australia were Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar with a record $6.08 billion in shared wealth, according to the 2017 Financial Review Young Rich List, which was released at 3pm today. Combined, their wealth was more than 10 times that of the next two placegetters. Mike Cannon-Brookes and Scott Farquhar, co-founders and co-CEOs of Atlassian. Picture: Kelly Sullivan/Getty Images Australia’s richest young property mogul Tim Gurner. Erica Baxter in a file picture with her child Emmanuelle.The meteoric rise of the apartment sector has seen the developer behind an iconic Brisbane development named the richest young property mogul in Australia — and the fifth richest young person in the country.Tim Gurner, whose development company Gurner created the FV flatiron building in Fortitude Valley and who has plans for another residential project in the area mid next year, has topped the property riches with an estimated worth of $465 million.His wealth was so far out in front of any other young people in the industry that he made up 60 per cent of the wealth of the top five Young Rich property moguls.Mr Gurner made headlines in May this year when a media report came out with him saying young Aussies would struggle to buy a home if they were “spending $40 a day on smashed avocados and coffees and not working.” Fitness app entrepreneur Kayla Itsines was on the list at position 40. Picture: Tim Hunter. HiSmile founders Nik Mirkovic and Alex Tomic. Picture: SuppliedThe highest property sector debut on the Young Rich List was Marwan Rahme at #35 with wealth of $70m. The Sydney-based Lebanese immigrant was fifth on property young rich list and used savings from his gap year stacking supermarket shelves to kick off a home reno business Kanebridge.He and three friends apparently made $15,000 proﬁt on their ﬁrst job, with Rahme going on to buy out his partners and expanding into ﬁnance, wealth advisory, property and sourcing capital.The Young Rich List is made up of Australia’s wealthiest self-made entrepreneurs aged 40 or younger, with those who inherit their wealth not on the list. The biggest number of entries came off technology (38) followed by financial services (12), with young property moguls coming in third with nine on the list. Top 5 young rich listers in property: Tim Gurner (5) $465mRonnie Elhaj (26) $92Kosta Drakopoulo (32) $75m Allister Lewison (33) $74m Marwan Rahme (35) $70m Top 5 young rich listers in Australia: Mike Cannon-Brookes and Scott Farquhar (1 & 2) *$6.08 billionDave Greiner and Ben Richardson (#3&4) *$607 millionTim Gurner (5) $465 million*Shared wealth Top 5 young rich women in Australia: Cyan Ta’eed (9*) $216m TechnologyMelanie Perkins (17*) $128m TechnologyErica Baxter (30*) $79m EntertainmentKayla Itsines (40*) $63m FitnessMiranda Kerr (62) 44 Modelling, Skincare*Shared wealth (Source: Young Rich List) FOLLOW SOPHIE FOSTER on Twitter or Facebook FREE: Get The Courier-Mail ’s real estate news direct to your inbox The stunning FV Flatiron building in Brisbane’s Fortitude Valley.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day agoRich List editor John Stensholt said Tim Gurner has had to work harder but he was still going strong.“Gurner’s pretty symptomatic of what’s happening in the industry. He’s had to work harder to ensure buyers stayed there. It’s not really the glory days when you simply said settlements up next month and it was all good. He’s had to work harder to give better quality to make sure the buyers are still there,” he said.As a result around $200m in settlements were made in six days last week for the FV building, allowing Mr Gurner to fully repay a $180m ANZ facility.Over 80 apartments were leased and occupied before first settlement, with rental yields expected to be 5.2 to 7.5 per cent per annum.“Once they make some money they probably want to keep it. It is getting harder to get huge projects away … This is what he does, he’ll keep going,” Mr Stensholt said. He said the Young Rich out of Queensland had “some really interesting people”, with strong representation in technology and the young entrepreneur space.Among them were the youngest debutants on the list — the Gold Coast-based co-founders of HiSmile Nik Mirkovic and Alex Tomic, aged 22 and 24 respectively. They debuted at positions 58 and 59 with combined wealth of $46 million. Atlassian co-founder Scott Farquhar set a house price record when he paid more than $70m for the former home of the Fairfax family this year. The home called ‘Elaine’ is a seven-bedroom Victorian mansion on the Point Piper waterfront in Sydney. Picture: AFP/Peter ParksTotal wealth of the 100 people named in the list was a record $13.2b, up from $12.3b last year, with the average wealth per person also rising to $132m (from $123m last year).It included the likes of former wife of James Packer Erica Baxter in position 30 worth $79m, fitness queen Kayla Itsines (ranked 40) with $63m in the bank and modelling sensation Miranda Kerr (ranked 62) with $44m.