Ronnie Michel-Elhaj

Six Western Australian businesspeople have made the cut in the latest instalment of BRW’s Young Rich list.Mobile telephone services entrepreneur Zhenya Tsvetnenko was the highest ranked sandgroper, coming it at 13th with a personal fortune of $115 million.

THIRTY years ago Paul Bitdorf escaped the clutches of repressive communism in his native Poland in search of a better life as far away as was possible – in Western Australia.Last week, the successful Perth businessman became Poland’s first honorary consul in WA.

Eight Western Australians, including five 40under40 winners, have made the 2014 BRW Rich List with a collective wealth of $337 million.

The City of Rockingham’s push for higher-density development along its coastal and CBD precincts is starting to pay dividends, with more than $100 million in residential projects under construction or approved to be built, which will collectively add more than 600 apartments, as well as two hotels.

Developers and builders are offering incentives over and above the state government’s first home buyers grant to stoke the market, as the number of grants paid falls to its lowest level in nearly two and a half years.

Perth businesspeople are surprisingly prominent on the latest BRW young rich list, with a local apartment developer ranked number three with an estimated fortune of $536 million.

The co-founders of a successful property developer Nicheliving are mired in a legal dispute after plans to buy out key executive Danne Forte were halted when other directors questioned his financial projections.

Perth property developer Paul Blackburne is the wealthiest of five Western Australians featured in the BRW Young Rich List 2016.

Property developer Nicheliving Holdings has announced plans to raise up to $12 million and seek an ASX listing to finance the next stage of its growth strategy.

The planned listing of Nicheliving Holdings has provided a detailed insight into the state of the business and its future plans.