Moriah alumni shine on AFR young rich list
Nick Molnar and wellness entrepreneur Jessica Sepel showcase the success of Australian Jewish business talent.
Two former Moriah College students have been recognised on the Australian Financial Review’s Young Rich List for 2025, with fintech pioneer Nick Molnar and wellness entrepreneur Jessica Sepel showcasing the success of Australian Jewish business talent.
Molnar, who co-founded buy now, pay later giant Afterpay in 2014, ranks sixth on the list with an estimated wealth of $1.19 billion. Molnar now serves as global head of sales for Block, which acquired Afterpay in a deal worth $39 billion announced in 2021, making it the largest deal in Australian corporate history.
Molnar founded Afterpay alongside Anthony Eisen in 2014, before listing the company on the ASX in 2016. It became a rare success story of a company going public so young and being rewarded by investors, revolutionising the payments industry and inspiring countless imitators worldwide.
According to the AFR, when Block, then named Square, bought the business, Molnar received $2.7 billion worth of Square stock for his Afterpay shares. While Block’s share price has been hit since then, and Molnar has not revealed how many shares he still owns in the business, his inclusion on the Young Rich List demonstrates his success in the fintech sector.
Making the list at number nine is Jessica Sepel, who also attended Moriah College, alongside her husband Dean Steingold, with an estimated combined wealth of $486 million. The couple co-founded vitamin and skincare brand JSHealth in 2017, building it from near-collapse to a multimillion-dollar empire.
According to the AFR, after struggling to find the right manufacturer, Sepel and Steingold were down to their last $40,000 in late 2018 when they found a manufacturer willing to do a small run of 5000 units. The products resonated with the community Sepel had built through her health and nutrition blog, and the brand took off.
Today, JSHealth is stocked in more than 1800 Australian retailers, selling vitamins, haircare, skincare, protein powders and bars. The United States is now its biggest market, demonstrating the brand’s growth potential.
The couple own more than 70 per cent of the business, maintaining significant control over the brand they built from scratch.
The Financial Review Young Rich is a list of Australia’s 100 wealthiest self-made citizens aged 40 and under. Those who have inherited their wealth do not qualify. The valuations are estimates determined with publicly available information measuring share prices up to early September 2025.