Aug 27, 2026 – 5.00amWhen Michael Jeffriess was in high school in Orange, in regional NSW, his teacher was brutally frank. Even a self-described “genuinely average student” like him was told to aim lower and find a path that did not require high marks.“I remember it vividly,” Jeffriess says. “And my reaction, even at 16, was: ‘You just watch me’. That chip never really left.”Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Andrew HobbsWealth reporterAndrew Hobbs covers self-managed superannuation funds (SMSFs), financial planning, retirement, inheritance, tax, personal finance and, sometimes, the Perth Bears. He has been a financial journalist for 30 years, previously at Bloomberg and AAP.Fetching latest articles
Are you rich? What it takes to crack Australia’s top 1pc
After being told to “aim lower” in high school, Michael Jeffriess is now worth $12 million, with new data revealing he sits in Australia’s top 1 per cent.









