RedCarpetLife
Billionaires
Business
Luxury Lifestyle
Lists
World Leaders
Fashion & Style
Tools
Featured Articles
Learn Finance with Arthalogy
Advertise with RedCarpetLife
Contact Us
Careers at RedCarpetLife
Meet Our Authors
About Us
Correction or Feedback
Terms of Use
Privacy Policy
1803
In the world today
Michael Heine

Michael Heine

M. Heine
0.39% | + $8.95M
$2.3 B ₹ 20,962 Cr
Real Time Net Worth #1803 Ranking as of 21 Feb 2026 By Forbes
Check Your Ranking

More on Michael Heine

Gender

Male

Age

76Y

Country

Australia

Born On

November, 1949

Deceased

No

Relationship Status

Unknown

Children

1

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Finance)

Primary Organization

Netwealth Group

Titles

Co-Founder & Director

Sources of Wealth

Financial Services

Industry

Finance, Investments

About Michael Heine

M ichael Heine is a prominent Australian financial services entrepreneur who co-founded Netwealth Group in 1999 alongside his brother, Leslie Heine. He previously worked in his family's business, focusing on international trade and property before venturing into fund management in 1982. Netwealth, which provides wealth management platforms for financial advisers and investors, has grown into a major player in the Australian financial sector, managing over A$100 billion in funds. Heine stepped down as joint managing director in 2022 but remains on the board as a director, while his son, Matt Heine, continues as CEO and managing director.

Advertisement

Quick Reads

Early Life and Background

Michael Heine is an Australian businessman who cofounded Netwealth (ASX: NWL), a financial services company, with his brother Leslie in 1999.

Prior to Netwealth, Michael worked with his father Walter in international financing, mortgage lending and property development. He also started a fund management business in 1982, which he later sold before launching Netwealth.

  • Core Company: Netwealth Group (Financial Services).
  • Founding: Started Netwealth in 1999 with his brother Leslie.
  • Prior Ventures: Worked in international financing and started a fund management business in 1982.

Career Journey of Michael Heine

Michael Heine's career is defined by his continuous success in the financial sector. After selling his initial fund management business, he launched Netwealth Group, which focuses on providing products and services to financial advisers and individuals.

He successfully took Netwealth public in 2017. The company now manages A$100 billion in funds. Heine resigned as co-managing director in 2022 but remains a director. His son, Matt, is the current managing director and CEO.

Advertisement

Michael Heine's Timeline

1982:

Started a fund management business.

1999:

Started Netwealth with his brother Leslie.

2017:

Netwealth Group went public.

2022:

Resigned as co-managing director but remains a director.

Major Business Ventures and Investments

Michael Heine's wealth is concentrated in his family's stake and continued strategic oversight of the publicly traded financial giant, Netwealth Group.

  • Netwealth Group (ASX: NWL): Cofounded in 1999; has A$100 billion in funds under management.
  • Family Governance: Son Matt is the managing director and CEO.
  • Sector Focus: Financial services, platform administration, and wealth management.

Advertisement

Philanthropy and Social Impact

Fashion, Style, and Lifestyle

Advertisement

Quotes and Philosophy

No publicly available quotes.

Fun Facts & Trivia

  • He cofounded Netwealth in 1999, which now has A$100 billion in funds under management.
  • He previously started a fund management business in 1982.
  • His son, Matt, is the current managing director and CEO.
  • Netwealth went public in 2017.

Advertisement

More Profiles

Karl Knauf

Karl Knauf

#1759

+35.63% | +$617.78M

Li Wanqiang

Li Wanqiang

#1396

-0.02% | -$0.57M

You May Like

Sources & References

This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

Sponsored Content