Warwick Mirzikinian, from Point Piper, was driving his luxury car when he hit the 24-year-old cyclist on New South Head Road at Double Bay on November 14 last year.
The 49-year-old attended Rose Bay Police Station on Sunday and was issued a court attendance notice for dangerous driving occasioning death and negligent driving occasion death, NSW Police said in a statement on Monday.
Mirzikinian will face Downing Centre Local Court in April.
Friends of the cyclist, named in media reports at the time as Frenchman Julien Trameaux, said the hardworking labourer and part-time food courier had dreamed of opening a patisserie in Sydney.
His Sydney flatmates said Mr Trameaux lived his life in line with a quote by Apple founder Steve Jobs: “Stay hungry, stay foolish.”
Leo Villaume told eastern suburbs newspaper the Wentworth Courier after the crash that Mr Trameaux was an “optimistic and positive” young man.
“He was more than a friend, we were all a family and he was a brother. He was someone so determined.”
The friends had competed in their first Sydney Marathon in September 2017 to help raise funds for a school in the Democratic Republic of the Congo.