Companies Don't miss out on the headlines from Companies. Followed categories will be added to My News. It’s the business story that’s had Australia talking for weeks, combining sex and high tech.
Here’s what you need to know about the saga that’s engulfed the previously little-known homegrown billionaire Richard White. Who is Richard White? Previously a musician and refrigeration engineer, 69-year-old Sydney based tech entrepreneur Richard White founded WiseTech in 1994 and is now one of Australia’s richest chief executives. His company’s signature global logistics software now services 18,000 customers across 170 countries and his recently declining fortune peaked at more than $12bn.
WiseTEch CEO and founder Richard White. Picture: Nic Walker Why is he in the headlines? In August Mr White brought a bankruptcy notice against a former lover and business associate, Sydney beauty entrepreneur Linda Rogan, but she filed a court application against the notice several weeks later. The Australian reported that in her Federal Court filings, Ms Rogan alleged Mr White expected her to have sex with him in exchange for an investment in her business.
“When I met Richard, I genuinely believed he was interested in investing in my business ...
After a few weeks I realised Richard was pursuing a sexual relationship,” Ms Rogan stated in her court filing. But the action appeared to be linked to a dispute over $92,000 Ms Rogan spent on furniture for a mansion in Sydney’s Vaucl.