Herd on the Terrace: Money of Mine reeling after founder Matthew Michael, Alexandra Gelevitis depart
The West Australian
Fri, 16 May 2025 5:15PM
Money of Mine Credit: Don Lindsay/The West Australian
Ructions have engulfed a West Perth hot air factory adored by mining merchants and finance bros alike.
Fans of the Money of Mine podcast were left bemused on Monday after Matthew ‘Matty’ Michael, one of the show’s founding trio, abruptly exited the fledgling media business.
Our spies tell us disagreements over the future commercial direction of the podcast caused a rift.
Filings to the corporate regulator show that Michael late last week offloaded his 40 per cent stake to the outfit’s other founders — Travis Ricciardo and Jonas Dorling.
The ultimate holding company has a face value of $233,333, according to the filings.
Fanboys of Matty, a self-proclaimed bogan, piled into Money of Mine’s LinkedIn post announcing the severance of ties.
“Terrible, he was the show and founded it . . . lights out now,” one commented.
“Shattered,” another proclaimed. “Matty you brought so much passion and humour to something that can be extremely dry.”
While the Bull can’t profess to be an avid listener of the semi-regular **fest, we’re told middle-aged Matty’s rough around the edges commentary and real-world mining experience balanced out academic musings of the two young spreadsheet aficionados.
And speaking of balance, Alexandra ‘Ally’ Gelevitis, the only person of the fairer sex to sporadically appear on the show, is also out the door. She was “made redundant due to business restructure”, according to her LinkedIn.
Ally copped a brief farewell from the leftover duo during an awkward and sombre Thursday podcast rife with technical issues (maybe the premium recording software subscription was on her personal credit card?).
But she is said to remain on good terms with her former colleagues.
Gelevitis was chief operating officer of the business and like Ricciardo and Dorling is an alumni of Eddie Rigg’s stock-slinger Argonaut.
Losing the only woman at the Emerald Househeadquarters is bad optics, especially for an outfit that refers to its daily newsletter subscribers and podcast listeners as ‘GCs’, short for ‘good c**ts’.
Stay classy, West Perth.
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