G’day, mates! Have you ever thought about how a guy who repaired the guitars of rock icons such as AC/DC can become a giant technology company owner? This is what happened to Richard White and WiseTech Global. It is an idea that grew out of a basement in Sydney that this Sydney-based entrepreneur made a billion dollars out of, and is transforming the way goods flow around the globe. But just as any good yarn, it has got twists – sky-high success, recent dramas. We should thus jump in to find out just what is so hot about Richard White WiseTech down here in Down Under.

What about Richard White WiseTech?

Imagine a case of a young Richard White who was born in 1955 and raised in a suburb of Sydney called Bexley. He did not begin in technology, quite on the contrary. He had a dream of achieving rock and roll fame as a boy. He not only performed in bands, but also repaired guitars belonging to such Australian legends as The Angels and Angus Young of AC/DC. But music did not pay bills, hence changing gears. He became a refrigeration mechanic before getting into computers, opening companies in consulting and equipment sales.

Jump 10 years to 1994: Richard forms WiseTech Global (then known as Eagle Developments International) in partnership with Maree Isaacs. They have identified a loophole in logistics – the chaotic world of shipping and freight. Their big idea? Software to get it all smoother. The cleverness of Richard in coding and business made it CargoWise One, a cloud-based platform that manages heaps of steps that shippers around the globe have to do. WiseTech has reached than 17,000 17,000ers, nowadays, in 183 different countries, among them such massive companies as DHL. It is the leading tech ASX-traded stock, having been listed since 2016.

The road taken by Richard is gritty. He was a fellow and earned his Master’s in IT at UTS. No overnight success – he was almost 40 by the time he began WiseTech and a billionaire at 61. To the Aussies, he is but an Australian-grown hero who shows that you can create world-class technology in your own backyard.

Richard White WiseTech Age and Early Days.

Richard is now approximately 70 years old and has witnessed it all. He was born in 1954 or 1955 and was brought up in a family residence that has been included in his Bexley compound – a self-driven mansion complex with solar panels and Tesla batteries. His grandparents operated wedding ballrooms where young Richard served at the wedding bars and tables. It was that practical hustle that made him.

Richard solved problems not only in music but also in mechanics, which was his first occupation. His prior employment at WiseTech was at Real Tech Systems Integration, where he sold computer bits, fixed fridges, and worked as a salesperson. It is typical Aussie ingeniousness – identifying what is needed and what is not and correcting it using technology.

The Rise of WiseTech Global

WiseTech began in a small Sydney basement, coding on behalf of domestic freight companies. It dominated the Aussie logistics by 2000. It exploded in 2006 when it went global under the name CargoWise. It was listed on the ASX in 2016 at a valuation of $1 billion – it is now worth in excess of $30 billion.

Richard’s vision? A single platform for all customs, borders, and tracking. It has increased productivity among its users, such as raising the number of jobs per day from 1.5 to seven. Pride in Oz: our technology serving global business, ports in Melbourne up to farms in the Outback.

Richard white tech allegations and controversies Conclusion/verdict.

No tale without a hump. Richard resigned as the CEO in October 2024 due to misconduct allegations. It was alleged that there were inappropriate relationships, bullying, and misappropriation of funds, such as acquiring houses for partners or failure to report affiliations. An ex-lover of Linda Rogan’s court case leaked information, erasing billions from the value of WiseTech.

One of these reviews exonerated him of bullying but ruled that he had deceived the board about relationships. In 2025, it was alleged by another Brazilian woman and others. It created board drama – four directors resigned in February 2025 in regard to his position. Stocks fell, yet Richard recovered as executive chairman and concentrated on products and growth.

To the Aussies, it is a lesson: even the best dogs are also subject to scrutiny. However, the good performance of WiseTech indicates that the company is well off.

WiseTech Net Worth and Wealth of Richard White.

Richard is a true-blue billionaire. He owns 37 percent of WiseTech, with a fortune of between $8 billion $13 billion, contingent upon shares. He sells chunks, such as the $240 million in 2025, but retains a large stake. Properties? He owns a Bexley compound, Palm Beach flat, etc. – even a villa in Dubai.

He has also been an investor in education, supporting Grok Academy with free learning in tech. Classic Aussie: building wealth by giving back.

Richard White WiseTech Family and Personal Life.

Family’s key for Richard. He has mum, kids, and mates in a compound in Bexley, energy-independent no less. In July 2024, he got married to Zena Nasser after divorcing Barbara Mason in 2015. They had a daughter through a surrogate. Zena is a former criminal lawyer who has an older daughter. Word of a volatile, but Richard claims to take a bullet in her defence.

He still has grown-up children when he was married first, and personal life is personal, headlines notwithstanding.

Conclusion: The Future of Richard White WiseTech.

Richard White WiseTech is a story of Australian ambitions – of a Bexley boy made world tech king. Nonetheless, his vision is what propels WiseTech. He is looking at growth in 2025 as executive chair, such as the E2open acquisition. To the natives, it is inspirational: technology can flourish here.

You may have read in the news of the Australian healthcare market, rumours of the I-MED sale – a multi-billion dollar transaction that has everyone in the private equity companies and radiology professionals chattering about. And the question is, what is the whole deal about I-MED Radiology on sale, and why should it be of any concern to an average citizen of Australia? In simple English, let us decompose it.

What Is I-MED Radiology?

We shall start with the sales drama by getting acquainted with I-MED. I-MED Radiology Network is the largest privately based medical imaging corporation in Australia. They have more than 250 clinics that are distributed throughout Australia and New Zealand, performing all types of X-rays and ultrasounds, MRIs, and CT scans.

I-MED has an average of 475 radiologists and 4,000 + employees performing over 5 million patient procedures annually. When you have gone to get a scan in Australia, there are high chances that it is an I-MED clinic.

Permira is the present owner of the company and a London-based private equity firm. I-MED had been acquired by Permira in 2018 at approximately $1.1 billion (USD). Seven years down the line, they are hoping to cash in.

Why Is I-MED Being Sold?

The firms that are privately-owned, such as Permira, typically acquire companies, develop them, and sell them after a few years at a profit. This is exactly what is happening here. Since 2024, Permira has been attempting to sell I-MED in the hope that it can almost triple the value of its investment.

The sale began in good earnest last year as Permira used investment banks Morgan Stanley and Jefferies to seek buyers. They are said to be seeking a price of approximately 3 billion AUD (approximately 1.9 billion USD).

However, there is a trick to this–it has been a challenge to get someone to pay that much. A number of interested potential buyers have made a glance, conducted their due diligence (as it is sometimes termed), and simply left in dismay at the price, which was too high.

Who Nearly Bought I-MED?

The largest close call was with Stonepeak, a New York-based private equity firm. In May 2025, it was reported that Stonepeak was just inches from closing the deal. They had even accepted a price with Permira.

The deal, however, collapsed in early June. One of the issues identified as causing problems, according to the Australian Financial Review, was the fact that six I-MED clinics shared a location with Healthscope hospitals, which were financially challenged at the time.

Other large companies that have been interested include:

• Bain Capital (a giant American PE company)
• Macquarie Asset Management (they say it is too high)
• TPG Capital and Pacific Equity Partners (who joined forces to have a glance)
• another international investment company, Partners Group.

As yet, nobody has been keen to pay what Permira has asked.

Could I-MED Go Public Instead?

This is where the interesting part comes in. Following the unsuccessful sale to Stonepeak, there were rumours galore that Permira would take I-MED to the stock market in an IPO (Initial Public Offering).

This would not be the first time that I-MED ventured into going public. In 2015, they attempted to list on the Australian Securities Exchange but called off at the eleventh hour due to unsavoury market conditions.

When Permira is not able to find a buyer whom they are willing to buy at their price, an IPO could be their only way of getting their money out. According to some experts, this may occur in the year 2025.

What’s I-MED Worth?

I-MED will generate approximately $1.35 billion AUD in revenue and approximately $230-250 million in EBITDA (that is, earnings before interest, tax, and other accounting items) according to reports.

I-MED was acquired by Permira in 2018 at an approximate price of 1.3 billion dollars, which is approximately 11 times the earnings of the company. They are now demanding 3 billion, or more than twice what they paid, or 12-13 times current earnings.

To buyers, that is an exorbitant price given that other companies of the same nature have been sold at lower prices. That is why there are a lot of prospective buyers who have glanced at it and moved on.

Who Owns I-MED Now?

Right now, Permira owns I-MED. Permira is a private equity firm with its headquarters in London and operates in healthcare, technology, and consumer businesses worldwide.

The company is not a publicly traded company, hence you would not be able to purchase its shares. It is privately owned by Permira, and, therefore, all the decisions are made by the investment firm.

Who’s Running I-MED?

I-MED is presently headed by a CEO known as Dr Shrey Viranna. He replaced him in March 2020, his home country being South Africa, where he was leading Life Healthcare Group, a massive healthcare enterprise.

The previous CEO was Steven Rubic, who served as the CEO between 2012 and 2019. Rubic assisted in expanding I-MED to the giant that we have today, and she later went on to become the CEO of Healthscope and assumed different positions on the board.

Comparison of I-MED and other Radiology Companies?

I-MED is, by all means, the giant in Australian radiology. Still, there are other players in the game:

• Recently, Lumus Imaging (owned by Healius) was sold to Affinity Equity Partners at a cost of 965 million.
• The New Zealand firm Infratil acquired QScan.
• Perth Radiological is an Allegro Funds company and could be the next target.
• In particular regions, smaller regional players such as Jones Radiology, Benson Radiology, and Capital Radiology are also competing.

The uniqueness of I-MED is its enormous size, more than 250 clinics and services, both in the metro and in the regions.

What Will the I-MED Sale do to Patients?

As a patient using I-MED, it is unlikely that the sale will have much short-term impact on you. The clinics will continue functioning, and you will be receiving the same services.

Nevertheless, the changes may occur in the future depending on the purchaser of I-MED (or even IPO). New owners may invest in more equipment, or they will open new clinics or alter the way things are managed.

The positive side is that the diagnostic imaging market in Australia is expanding due to the ageing population and the improvement of medical technology. It implies that companies such as I-MED will continue to invest to satisfy demand.

The Bottom Line

The I-MED sale has been a roller coaster. Permira is seeking approximately $3 billion in the case of the biggest radiology network in Australia, but purchasers assume that it is prohibitively high. Stonepeak was close to closing a deal in mid-2025 and backed out, and now Permira could look at I-MED instead, listing it on the stock exchange.

Today, I-MED continues to do what it does best, which is to deliver diagnostic imaging services to millions of Australians annually. Regardless of whether it is sold to a private equity company or goes IPO, the company will probably keep expanding as the healthcare demands in Australia keep rising.

Interested in keeping up with the large-scale corporate transactions that are influencing the healthcare system in Australia? Watch financial news– the saga of the I-MED sale is not finished yet!

Annie Cannon-Brookes is not exactly a household name like her former husband, tech billionaire Mike Cannon-Brookes, and yet, she is causing an enormous splash of her own. Since purchasing and rehabilitating tropical islands, investing millions in sustainable farming and the education of children, Annie Cannon-Brookes has become one of the most significant Australian philanthropies and investors. She is now the second-richest woman in Australia with a personal net worth of estimated $12.18 billion.

Who Is Annie Cannon-Brookes?

Annie Cannon-Brookes (born as Annie Todd) is an American-born Australian philanthropist, fashion designer as well as an investor. In January 2010, she wed Atlassian co-founder Mike Cannon-Brookes and the couple began to develop an enviable property portfolio and join the ranks of key players in the renewable energy and sustainability movements in Australia.

The two parted in mid-2023 after 13 years of marriage but they still concentrate on rearing their four kids together. Irrespective of the division, Annie has gone on with her philanthropic and business activities even more independently being a force of positive change in Australian communities.

The Net Worth of Annie Cannon-Brookes.

Annie Cannon-Brookes is ranked 12th richest in Australia with a net worth of 12.18 billion according to the 2025 Financial Review Rich List, and the 2nd richest female in the country (behind mining magnate Gina Rinehart). This puts her on the same level with Mike Cannon-Brookes whose earnings were shared after their break up.

She is lucky thanks to her stake in Atlassian, the software company that Mike co-founded with Scott Farquhar. In addition to her assets in Atlassian, Annie has accumulated a great wealth of her intelligent investments in property and sustainable businesses, as well as her own enterprises.

The New Owner of Dunk Island

Dunk Island is one of the most discussed purchases of Annie Cannon-Brookes: it is a 135-hectare tropical resort on the Great Barrier Reef of Queensland. She purchased the cyclone-stricken island in July 2022 at about 24-25 million.

The island was a former attraction site which was just off the coast of Mission Beach between Townsville and Cairns. However, in 2011, the resort was torn to pieces by Tropical Cyclone Yasi, which left the resort lying vacant after more than ten years.

Earlier efforts by reviving the island had been a spectacular failure. It was purchased in 2019 by investment group Mayfair 101 at a price of 31.5 million with massive plans, but failed due to legal issues. The deal was also unsuccessful with another buyer, Upsense Media Capital.

Locals were positive, but skeptical when Annie Cannon-Brookes intervened. Her spokesperson clarified the initial point: Annie has bought out the land with the purpose to keep it in its natural beauty in the years to come.

Dunk Island Revival and New Eatery.

Annie Cannon-Brookes has adopteda considered, environmentally conscious planning of Dunk Island, unlike earlier proprietors who pledged glitzy mega-resorts. She opened a new restaurant in the island in July 2025 to serve campers and day-trippers in this famous Queensland vacation spot.

According to the Australian Financial Review, she said that they were striving to make the city a family-friendly tourist spot that supports the local tourism industry, clean the natural environment, and promote the cultural value of the island.

This change has not been smooth sailing. In June 2025, construction workers cut off power to the whole island during the process of clearing off topsoil. But the team of Annie reacted fast with a spokesman saying: We do understand that the community is patient but the community must wait until the issue was resolved and that we are determined to revitalise the Dunk Island to be enjoyed by the locals and visitors alike.

The island is equipped with a commercial sealed airstrip, a connection of power that is accessible on the mainland, and an unlimited water supply – infrastructure that renders the revival project viable.

SMART Collective: The Philanthropic Force of Annie.

Within recent years, Annie Cannon-Brookes established her own investment and charity organisation SMART Collective. The name is an acronyofen Annie and her four children, and it is anchored on the assumption that we are all custodians of the next generation.

SMART Collective deals with three key fields:

Investments – Social purpose opportunities in the area of sustainable systems, education, health, and neurodiversity.

Philanthropy – Collaborating with researchers and non-profit organizations to help them in creating initiatives that provide quantifiable impact.

Community Initiatives – Building communities at the grassroots in partnership with local leaders and organisations.

In Australia, one of the initial significant investments made by SMART Collective was the Tasmania-based The Good Car Company, a company that imports second-hand electric cars in the United States of America. This investment is aimed at enabling the affordability of EVs by ordinary Australians.

Burradoo Park Farm and Southern Highlands.

Robust agricultural portfolio Annie Cannon-Brookes has been cultivating stealthily a stunning agricultural portfolio in the NSW Southern Highlands, especially around Burradoo and Kangaloon. They were able to build more than 1,000 hectares of prime farmland together with Mike (prior to their separation), valued at nearly 90 million dollars.

Her Burradoo holdings encompass Millview stud which she purchased to enlarge the holdings to 12 hectares at a price of $10 million and the massive Think Big stud which she purchased at $15.25 million. She is also the owner of the Kangaloon property, such as Widgee Waa farm, which she purchased for 15 million dollars, and other rural properties.

However, Annie is not a mere property collector; she is building something extraordinary. SMART Collective stated that they planned to develop an agritourism precinct in Burradoo Park Farm that would offer educational activities, support to local farmers, and produce that is environmentally friendly to be eaten by people in the Southern Highlands as well as neighboring communities.

In August 2025, it was announced that the Three Blue Ducks restaurant group would establish a new restaurant on Annie’s Working Farm in Burradoo. The site will consist of a restaurant, bakery, and produce shop, and most of the food will be grown on the farm.

Backing Children’s Education with Food.

Among the most heartwarming projects of Annie Cannon-Brookes, we can mention her collaboration with the Stephanie Alexander Kitchen Garden Foundation. She made a so-called transformative donation through SMART Collective to create an immersive food education project for primary school children in the NSW Southern Highlands.

The five-year collaboration will consist of a custom-designed kitchen garden in which children will be taught how to grow, harvest, and cook fresh food. Annie gave her reason: The early years of a child are a crucial time to create healthy habits and by providing them with the opportunity to grow and enjoy/ recycle healthy food, we can influence the health and environmental results of the long perspective. It is something that is very important to me.

Stephanie Alexander, foundation founder, said: This donation will assist us in doing just that – in improving the lives of hundreds of children in the next five years. We owe a lot of gratitude to Annie and all of the people at SMART Collective.

Annie and her Love of Sustainability and Climate Action.

Although Mike Cannon-Brookes has been in the news a lot over his climate efforts and investment in renewable energy, Annie has just as actively pursued issues of environmental concern. In their marriage, the couple promised that by 2030, they would give out $500 million to nonprofits combating climate change, and invest in renewable energy to the tune of a billion dollars. 

Annie and Mike started the Resilient Energy Collective in 2020 and spent $12.5m to install solar and battery systems in bushfire-impacted areas across NSW, Victoria, and South Australia within a short time. The program was a 100 off-grid power installations in 100 sites within 100 days to liberate the volunteers who were on the front line to refuel their diesel generators.

Mike said at the time that many Aussies are in need of our assistance to bring their lives back on track after a horror summer. We have to do whatever we can to put them on their feet. The program was successful in restoring power to the emergency communications towers and the community halls in the ravaged areas.

The Background and Family Life of Annie.

Annie was an accomplished fashion designer before she evolved to be regarded as a billionaire philanthropist operating under the name Annie Todd and House of Cannon. She was a finalist in 2009 in the Gen Art Fresh Faces in Fashion competition, where she was among three finalists, and her work was on display at the New York Fashion Week.

Annie and Mike both met in an airport lounge, where she was supposed to say hello to him when she confused him with someone else. They got married on January 3, 2010, and Annie once wrote on their seventh anniversary date: 7 years ago today I said I do to this guy; my best friend, the love of my life, my one and only…We celebrated by spending a romantic night in, playing Mario Bros 3″.

They have four children together and although they separated in 2023, it is claimed that at the moment of separation, they are both concerned about their children, as they are their first priority. The family divides its time amongst their properties such as the historic Fairwater estate worth 100 million dollars in the year 2018 in point pipper, this was the most expensive home in Australia during that time.

Building a Lasting Legacy

Annie Cannon-Brookes is unlike most of the ultra-wealthy Australians because she is more hands-on when it comes to philanthropy and community building. Instead of writing cheques, she is developing sustainable initiatives that will provide benefits to the Aussies over generations – whether it be in rebuilding the tourism sector in Dunk Island or educating the kids about the Southern Highlands on how to grow healthy food.

She has bought several properties and islands not merely to amass trophies. Every single purchase appears to be carefully selected to reflect her values of sustainability, environmental conservation and community good.

Annie Cannon-Brookes is now ranked among the most influential and wealthiest women in Australia, as the 2025 Rich List notes. However, unlike other billionaires who want to remain in the background, Annie is coming out to utilize her resources and influence to effect a real change.

The difference is whether you are a local on Dunk Island eager about the new restaurant, a farmer in the Southern Highlands reaping the rewards of her farm programs or a child who has been taught how to grow vegies in one of her sponsored kitchen gardens, the influence of Annie Cannon-Brookes is felt around Australia. And as SMART Collective promises to do the same, there is no doubt that this is but the start of her charity.