An excellent effort by a group that knows without risk there are no rewards.

Australia needs to recognise and celebrate these entrepreneurs that produce not only wealth in our community but also support many great causes that make a difference to all our lives.

We look forward to welcoming Ruslan Kogan and co. to our Entrepreneurs Conference later this week: Entrepreneurship in the Asian Century.

2013 BRW Young Rich List:

1 & 2: Mike Cannon-Brookes and Scott Farquhar ($550m)

Mike Cannon-Brookes and Scott Farquhar are edging closer to the deal that could deliver them a combined fortune of up to $1 billion.

3: Simon Clausen ($350m)

Swiss-based technology entrepreneur Simon Clausen got a big boost on September 10 when it was revealed that Recruit Co. from Japan had made a $US400 million offer to buy

4: Ruslan Kogan ($315m)

There are no quiet years for Ruslan Kogan. Since he burst onto the Young Rich list in 2009 with a $15 million fortune, Kogan’s wealth has approximately doubled every 12 months.

5: Mark Ackroyd ($280m)

Mark Ackroydsold half of his Queensland-based machine hire company, National Plant & Equipment, to Japanese conglomerate Mitsui for about $150 million last year.

6: Hezi Leibovich ($190m)

Hezi Leibovich’s The Catch Groupcontinues to grow at an enviable rate. Revenue rose 30 per cent in the year to June 30, 2013, to $300 million.

7: Matt Barrie ($185m)

Matt Barrie has struck gold with the fast-growing technology freelance jobs website

8 & 9: Mitchell Harper and Eddie Machaalani ($135m)

After three rounds of fund-raising, Mitchell Harper and Eddie Machaalani reckon they’ve raised enough money to take their e-commerce software platform, Bigcommerce, to the next level.

10: Matthew Tripp ($115m)

Matthew Tripp made his millions selling a stake in online gaming outfit SportsBet to Irish power play Paddy Power in 2009 and then the rest of the company in 2011.