Emma Rappaport
Co-editor of the Street Talk column at The Australian Financial Review, covering investment banking and corporate deals and providing commentary on Barrenjoey's growth and pay structures.
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Mar 25, 2026 • 26min
Australia’s new millionaires factory: start-up to $1.6b in 5 years
Emma Rappaport, co-editor covering investment banking and corporate deals, and Jonathan Shapiro, senior markets and corporate reporter, break down the Magellan–Barrenjoey tie-up. They discuss the deal mechanics and reverse takeover feel. They explore Barrenjoey’s rapid rise, its generous pay and equity model creating paper millionaires, plus retention, governance and valuation debates.
