Michael Heine
$2.02B
as of 04/02/25
About Michael Heine
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.
Personal stats
Citizenship
AustraliaSource of wealth
Financial servicesResidence
Melbourne, AustraliaMarital status
MarriedBirth date
11/10/49 (age 75)Number of children
2Self-made
self-madeMichael Heine’s fortune is worth
34K
troy ounces of gold
31K
median U.S. household
20K
median U.S. income
0.04%
U.S. credit card volume
0.008%
GDP of the United States
0.006%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Michael's father, Walter, built a steel-trading business, Heine Bros., after fleeing Nazi Germany. It expanded into property and mortgage lending.
Net worth over time
Real-time ranking
Financial assets
ASX | NWL-AU
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