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Billionaire Profile
Michael Heine
Global Rank
#2201

Michael Heine

CEO, Financial services
Melbourne, Australia
Real-Time Net Worth
$1.90B
Estimated based on Financial services stock value as of September 10, 2026
-0.45% (24h)
Age
76
Source
Financial services
Industry
Finance & Investments
Citizenship
Australia

Biography

Michael Heine is an Australian businessman and billionaire known for his prominent role in the financial services sector. Born around 1949, Heine is the founder and managing director of Netwealth, an ASX-listed funds management and financial technology firm. His source of wealth stems from his successful ventures in financial services and investments. Heine's career includes expanding his family's business into property management and investment. With a current net worth of $2.2 billion, he is a significant figure in the Australian financial landscape. He is married with two children.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.90B
2025$2.30B
2024$2.20B
2023$2.67B
2022$2.15B

Portfolio Holdings

Netwealth Group Ltd.

Netwealth Group Ltd.

NWL•finance-investments
Ownership
40.77%
Market Cap
$8.00B
Melbourne, Australia
Founded 1999

In-Depth Profile

Early Life

Michael Heine, born around 1949, is the son of Walter Heine, a German textile merchant who immigrated to Australia. He joined the family business after completing high school and did not pursue tertiary qualifications.

Rise to Success

After his father's death in 1978, Michael Heine inherited the family business with his brother Leslie. Heine expanded into property management (Heine Management) and investment/mortgage finance (Heine Finance). In 1986, he publicly listed the holding company Eurolynx. Heine established Netwealth in 1999, and the company was later listed on the Australian Stock Exchange (ASX) in 2017. The listing significantly boosted the company's share price.

Key Business Strategies

Heine's key business strategy included expanding the family business and identifying opportunities in property management and investment finance. He also recognized the shift towards digital platforms, which led to the creation of Netwealth. A key milestone was Netwealth's listing on the ASX in 2017.

Philanthropy

Michael Heine is known for his philanthropic efforts, particularly in education and healthcare.

Career Milestones

1978

Inherited Family Business

Inherited the family textile business with his brother Leslie after their father's death.

1986

Public Listing of Eurolynx

Publicly listed the holding company Eurolynx, retaining a 25% stake.

1999

Founded Netwealth

Established Netwealth, an online platform for financial advisors.

2017

Netwealth IPO

Successfully listed Netwealth on the Australian Stock Exchange (ASX).

2022

Resigned as Co-Managing Director of Netwealth

Heine resigned as co-managing director of Netwealth in 2022 but remains a director.

Philanthropy & Social Impact

Education and Healthcare

Education and Healthcare

Undisclosed

Made significant contributions to various charitable organizations and institutions, particularly in education and healthcare.

Billionaires Connected to Michael Heine

Peers in Finance & Investments

All Finance & Investments billionaires →

Richest in Australia

All billionaires from Australia →

Adjacent Global Ranks

Full global ranking →

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Frequently Asked Questions

What is Michael Heine's net worth in 2026?
As of 2026, Michael Heine's estimated net worth is $1.902 billion, ranking #2201 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Michael Heine make their money?
Michael Heine's wealth primarily comes from Financial services, most notably through Financial services.
Where is Michael Heine from?
Michael Heine is from Australia.
How old is Michael Heine?
Michael Heine is 76 years old.

Sources & References

  1. Michael Heine — Forbes profile — Forbes