Australia’s economic landscape boasts a captivating tapestry of innovation, entrepreneurship, and wealth accumulation, exemplified by its esteemed cohort of the top 50 richest persons in Australia. In a nation renowned for its diverse industries, these remarkable individuals have ascended the ranks to amass staggering fortunes, influencing both local and global economic dynamics. The Australian economy benefited from the post-pandemic reopening.
However, over the previous year, inflation spiked to 7.8%, reaching a 30-year record. New home price increases, rising transportation costs, and postponed vacations were the main causes of this increase. In the meantime, the combined wealth of Australia’s top 50 earners increased significantly to $213 billion, a staggering 70% increase from our most recent ranking in 2019.
With a net worth of $30.6 billion, Gina Rinehart continues to hold sway as the country’s richest person despite shifting iron ore prices. Mining magnate Andrew “Twiggy” Forrest, a well-known proponent of renewable energy, is in second place and is thought to be worth $21.7 billion. From pioneering tech visionaries to resource tycoons and media moguls, the list of 50 richest persons in Australia offers a fascinating insight into the symbiotic relationship between personal ambition and national prosperity.
List of Top 50 Richest Persons in Australia
This exploration of the top 50 richest persons in Australia delves into the intricate stories of their triumphs, shedding light on their remarkable journeys and the profound impact they’ve made on the country’s financial landscape.
1. Gina Rinehart
Net Worth: $30.6 B
Gina Rinehart, often referred to as the “Iron Lady” of Australia, is one of the country’s wealthiest individuals and a prominent figure in the mining industry. As the daughter of Lang Hancock, a legendary Australian prospector, Rinehart inherited her father’s vast mining holdings.
She is the executive chairperson of Hancock Prospecting, a privately-owned mineral exploration and extraction company. Under her leadership, the company has expanded its operations across a range of commodities, including iron ore, coal, and petroleum.
2. Andrew Forrest
Net Worth: $21.7 B
Andrew Forrest is a magnate in the mining and resources sector. He is the founder and chairman of Fortescue Metals Group, a company that has played a pivotal role in the iron ore boom in Western Australia. One of the richest persons in Australia.
Forrest’s strategic vision and determination led to the rapid growth of Fortescue, making it a major player in the global iron ore market. Beyond his business pursuits, Forrest is recognized for his philanthropic endeavors, particularly his commitment to indigenous rights and welfare.
3. Harry Triguboff
Net Worth: $15.5 B
Harry Triguboff, often known as “High-Rise Harry,” is a property developer and the founder of Meriton, one of Australia’s largest residential property development companies. One of the richest persons in Australia.
Triguboff’s real estate ventures have left an indelible mark on the Australian skyline, and his focus on high-density living has shaped the country’s urban landscape. Through his astute business acumen and knack for identifying lucrative opportunities, Triguboff has amassed substantial wealth and influence.
4. Bianca Rinehart & siblings
Net Worth: $12.5 B
Bianca Rinehart, along with her siblings, is an heir to the vast fortune amassed by her mother, Gina Rinehart. As a member of the Rinehart family, she has been exposed to the workings of Hancock Prospecting and its various ventures.
The siblings have occasionally been involved in legal disputes with their mother over control of the family’s assets, highlighting the complexities that can arise in multi-generational wealth management. One of the richest persons in Australia.
5. Anthony Pratt
Net Worth: $11.6 B
Anthony Pratt is a leading industrialist and the executive chairman of Pratt Industries and Visy Industries, two of Australia’s largest packaging and recycling companies. Under his leadership, Pratt has championed sustainability and environmental responsibility in the business world, positioning his companies as leaders in the circular economy.
Pratt’s commitment to innovation and sustainable practices has not only propelled his businesses to success but has also earned him recognition as a global thought leader in sustainable business practices. One of the richest persons in Australia.
6. Mike Cannon-Brookes
Net Worth: $10.8 B
Mike Cannon-Brookes is a tech entrepreneur and co-founder of Atlassian, a multinational enterprise software company. Along with his business partner, Scott Farquhar, Cannon-Brookes has transformed Atlassian into a powerhouse in the software industry, known for products like Jira and Confluence.
His contributions to the technology sector have earned him accolades and a significant place in Australia’s entrepreneurial landscape. Beyond business, Cannon-Brookes is an advocate for renewable energy and environmental conservation, using his platform to address pressing global issues.
7. Scott Farquhar
Net Worth: $10.6 B
Scott Farquhar, like his co-founder Mike Cannon-Brookes, has played a pivotal role in the success of Atlassian. As the co-founder and co-CEO, Farquhar’s technical expertise and business acumen have been instrumental in driving the company’s growth. One of the richest persons in Australia.
Atlassian’s innovative products have become integral tools for businesses worldwide, contributing to Farquhar’s status as a leading figure in Australia’s tech industry. His partnership with Cannon-Brookes exemplifies the power of collaboration in creating groundbreaking enterprises.
8. Cliff Obrecht & Melanie Perkins
Net Worth: $7.2 B
Cliff Obrecht and Melanie Perkins are the co-founders of Canva, a graphic design platform that has revolutionized the way individuals and businesses create visual content. Under their leadership, Canva has evolved into a global phenomenon, reaching millions of users and achieving unicorn status.
Obrecht and Perkins embody the spirit of entrepreneurship and innovation, and their success serves as an inspiration to aspiring business leaders, particularly in the technology and creative sectors.
9. Frank Lowy
Net Worth: $6 B
Frank Lowy is a trailblazer in the Australian retail and property development sectors. He co-founded Westfield Corporation, a multinational shopping center conglomerate, which redefined the retail experience and reshaped urban landscapes across the globe.
Lowy’s vision and leadership have positioned Westfield as a leader in the real estate and retail industries. His legacy extends beyond business, as he has also contributed to sports and philanthropic initiatives, leaving an enduring impact on various facets of Australian society.
10. Richard White
Net Worth: $5.4 B
Richard White is an entrepreneur and the founder of WiseTech Global, a leading software solutions provider for the logistics and supply chain industry. White’s innovative approach to technology has resulted in the development of CargoWise, a platform that streamlines and enhances international logistics operations.
His contributions to the technology and logistics sectors have garnered recognition and solidified his reputation as a key player in Australia’s business landscape. One of the richest persons in Australia.
11. John, Alan & Bruce Wilson
Net Worth: $5.1 B
The Wilson brothers, John, Alan, and Bruce, have made their mark on the Australian business landscape through their involvement in various industries. John Wilson is known for his leadership in the automotive sector, with interests in car dealerships and distribution.
Alan Wilson has contributed to the growth of the mining and resources industry, while Bruce Wilson has been involved in property development and investment. Together, their diverse endeavors showcase their collective entrepreneurial spirit and impact on multiple sectors of the Australian economy.
12. Kerry Stokes
Net Worth: $4.2 B
Kerry Stokes is a media mogul and businessman who has played a pivotal role in shaping Australia’s media landscape. He is the founder and chairman of Seven Group Holdings, a conglomerate with interests in media, industrial services, and mining.
Stokes’ influence extends beyond business; he is a prominent art collector and philanthropist, supporting a range of cultural and charitable initiatives. His contributions to media, business, and the arts have solidified his status as a prominent and influential figure in Australia.
13. John Gandel
Net Worth: $3.5 B
John Gandel is a real estate magnate and the founder of Gandel Group, a prominent property development and investment company. His expertise in retail property has resulted in the creation and management of major shopping centers across Australia. One of the richest persons in Australia.
Gandel’s astute business decisions and dedication to the real estate sector have propelled him to substantial wealth and influence. His impact on Australia’s retail and property landscape is evident in the iconic properties he has developed.
14. Lindsay Fox
Net Worth: $3.4 B
Lindsay Fox is a transportation tycoon and founder of Linfox, a logistics and supply chain company. Fox’s entrepreneurial journey began with a single truck, and he grew Linfox into a multinational corporation with a presence in various industries, including transportation, logistics, and warehousing.
His contributions to the Australian business landscape have been instrumental in modernizing the logistics sector and improving efficiency in supply chain operations. One of the richest persons in Australia.
15. Jack Cowin
Net Worth: $3.35 B
Jack Cowin is a business magnate and the founder of Competitive Foods Australia, the operator of the Hungry Jack’s fast-food chain. Cowin’s success in the food industry extends beyond Australia. One of the richest persons in Australia.
He is also the largest individual shareholder in the global fast-food giant Restaurant Brands International, which owns Burger King. Cowin’s business acumen and entrepreneurial ventures have made him a key player in the Australian and international fast-food markets.
16. Michael Hintze
Net Worth: $3.2 B
Michael Hintze is a highly successful financier and the founder of CQS, a global investment firm. With a background in quantitative analysis and risk management, Hintze has achieved significant success in the finance and investment sectors.
His philanthropic efforts, particularly in supporting cultural and educational initiatives, have earned him recognition and respect in both business and philanthropic circles. One of the richest persons in Australia.
17. James Packer
Net Worth: $2.8 B
James Packer is a media and entertainment magnate, as well as the heir to the Packer family’s business empire. He is associated with Consolidated Press Holdings and Crown Resorts, which operate casinos and entertainment complexes in Australia and internationally.
Packer’s contributions to the entertainment and gaming sectors have been significant, and he has been involved in high-profile projects that have shaped the Australian and global entertainment landscapes.
18. Lang Walker
Net Worth: $2.7 B
Lang Walker is a property developer and founder of Walker Corporation, a major player in the Australian property development industry. Walker’s ambitious projects have transformed landscapes and contributed to urban development across the country.
His innovative approach to property development has led to the creation of mixed-use developments that combine commercial, residential, and recreational spaces, showcasing his visionary thinking in urban planning.
19. Fiona Geminder
Net Worth: $2.6 B
Fiona Geminder is a businesswoman and heir to the Pratt family’s Visy Industries. She is a key figure in the packaging and recycling industry, and her leadership role in the family business has contributed to its continued success.
Geminder’s commitment to sustainability and environmental responsibility aligns with the family’s values and has positioned her as an influential player in both business and environmental circles.
20. Brett Blundy
Net Worth: $2.45 B
Brett Blundy is a retail magnate and entrepreneur known for his involvement in various retail ventures. He founded BB Retail Capital, which operates a diverse portfolio of retail brands across Australia and internationally.
Blundy’s ability to identify and invest in successful retail concepts has earned him a reputation as a savvy entrepreneur with a keen eye for market trends. One of the richest persons in Australia.
21. Solomon Lew
Net Worth: $2.3 B
Solomon Lew is a prominent Australian businessman and retail magnate. He is the chairman of Premier Investments, a company with a portfolio of retail brands, including Smiggle, Just Jeans, and Peter Alexander. One of the richest persons in Australia.
Lew’s strategic leadership has played a crucial role in the growth and success of Premier Investments. He is known for his shrewd business acumen, and his contributions to the retail sector have made him a respected figure in Australia’s business community.
22. Bob Ell
Net Worth: $2.25 B
Bob Ell is a property developer and founder of Leda Holdings, a real estate and property development company. Ell’s expertise lies in residential and commercial property development, and his ventures have contributed to urban development and economic growth in various regions of Australia.
His commitment to sustainable development and his contributions to the property sector have earned him recognition as a significant player in the Australian real estate industry.
23. Len Ainsworth & family
Net Worth: $2.2 B
Len Ainsworth, along with his family, has made a substantial impact on the gaming and entertainment industry. He is the founder of Aristocrat Leisure, a multinational gaming company known for its innovative slot machines and gaming technology.
Ainsworth’s contributions to the gaming sector have positioned him as a pioneer in the industry, and his family’s involvement reflects a multi-generational commitment to innovation and success.
24. Heloise Pratt
Net Worth: $2.15 B
Heloise Pratt is a businesswoman and philanthropist who is actively involved in various charitable and community initiatives. She is the widow of Richard Pratt, a prominent Australian industrialist and businessman.
Heloise Pratt’s philanthropic efforts focus on education, health, and community development, and her dedication to social causes has had a positive impact on Australian society.
25. Clive Palmer
Net Worth: $2.1 B
Clive Palmer is a controversial figure in Australian business and politics. He has been involved in various industries, including mining, real estate, and tourism. Palmer’s business ventures have included coal mining and the establishment of the Palmer Coolum Resort.
He has also been active in politics, founding the United Australia Party and running for political office. Palmer’s influence extends beyond business, and his actions and opinions have generated significant public attention.
26. Gerry Harvey
Net Worth: $2.05 B
Gerry Harvey is a well-known Australian retailer and co-founder of Harvey Norman, one of the country’s largest and most successful retail chains. He is recognized for his contributions to the retail sector and his impact on consumer shopping habits.
Harvey’s leadership and innovative retail strategies have contributed to the growth and expansion of the Harvey Norman brand, which specializes in electronics, furniture, and homeware.
27. Kie Chie Wong
Net Worth: $2 B
Kie Chie Wong is a successful entrepreneur and co-founder of Auslink Investment, a company that specializes in property development and investment. One of the richest persons in Australia.
Wong’s ventures have focused on residential and commercial real estate projects, contributing to urban development and economic growth. His entrepreneurial spirit and business expertise have positioned him as a notable figure in the Australian property development sector.
28. Hains family
Net Worth: $1.95 B
The Hains family is associated with the Swisse Wellness brand, a well-known health and wellness company. They have been instrumental in building Swisse into a globally recognized brand that offers a range of vitamins, supplements, and skincare products.
The family’s dedication to health and well-being has made a significant impact on the consumer goods industry, both in Australia and internationally. One of the richest persons in Australia.
29. Cameron Adams
Net Worth: $1.8 B
Cameron Adams is a tech entrepreneur and co-founder of Canva, a graphic design platform that has achieved widespread recognition and success. Adams’ expertise in user experience design and technology has been integral to Canva’s user-friendly interface and functionality.
His contributions to the development of innovative digital products have solidified his position as a key player in Australia’s technology sector. One of the richest persons in Australia.
30. Chris Wallin
Net Worth: $1.75 B
Chris Wallin is an entrepreneur and founder of Wallin Private Capital, a company that specializes in property investment and development. His business acumen and focus on long-term growth have contributed to his success as an investor and developer.
Wallin’s expertise in property development, asset management, and strategic investment has positioned him as a significant figure in Australia’s real estate industry. One of the richest persons in Australia.
31. Terry Snow
Net Worth: $1.61 B
Terry Snow is a notable Australian property developer and entrepreneur who has left an indelible mark on the real estate industry. He is the founder of Capital Airport Group, which has played a significant role in developing and managing Canberra International Airport and surrounding precincts.
Snow’s innovative vision has transformed the airport into a vibrant hub of commercial activity and urban development. His commitment to architecture and design excellence is evident in the unique and modern structures that now grace the airport grounds.
32. Bruce Mathieson
Net Worth: $1.6 B
Bruce Mathieson is a prominent Australian businessman with a strong influence in the hospitality and gaming sectors. He is a co-founder of the ALH Group, which operates a vast network of pubs, hotels, and gaming venues across the country. One of the richest persons in Australia.
Mathieson’s business acumen and strategic leadership have contributed to the growth and success of the ALH Group, making it a significant player in the Australian entertainment and hospitality industries.
33. Chris Ellison
Net Worth: $1.59 B
Chris Ellison is a respected figure in the mining and resources sector, known for his role as the founder and executive chairman of Mineral Resources Limited (MRL). Ellison’s focus on innovation and sustainability has led to the development of cutting-edge mining and processing technologies.
Under Ellison’s leadership, MRL has become a major player in the iron ore and lithium markets, and the company’s operations encompass exploration, mining, processing, and logistics. One of the richest persons in Australia.
34. Angela Bennett
Net Worth: $1.55 B
Angela Bennett is a notable Australian mining magnate with significant interests in the resources sector. She is the executive chairperson of AMB Holdings, a company that holds interests in various mining projects, particularly in oil and gas exploration and production.
Bennett’s contributions to the resources industry have been marked by her involvement in developing and managing natural resource assets. Her business ventures reflect a commitment to strategic growth and responsible resource management, positioning her as a key player in Australia’s energy landscape.
35. Gretel Packer
Net Worth: $1.54 B
Gretel Packer, the daughter of media tycoon Kerry Packer, is known for her influence in both business and philanthropy. While her father’s wealth largely stemmed from media and entertainment, Gretel Packer has focused on philanthropic endeavors and has been actively involved in charitable initiatives, particularly in the areas of health, education, and indigenous rights.
Her dedication to social causes and her commitment to making a positive impact have established her as a compassionate and influential figure in Australia’s philanthropic community. One of the richest persons in Australia.
36. David Teoh
Net Worth: $1.53 B
David Teoh is a prominent figure in the telecommunications and technology sectors. He is the founder of TPG Telecom Limited, a telecommunications company that has played a significant role in reshaping Australia’s telecommunications landscape.
Teoh’s strategic leadership and innovative approach have led to the expansion of TPG’s services, including internet, mobile, and data solutions. His contributions to the digital connectivity and communication sectors have positioned him as a key player in Australia’s technology-driven economy.
37. Nigel Austin
Net Worth: $1.5 B
Nigel Austin is a retail entrepreneur and co-founder of the fashion brand Cotton On. Austin’s journey began with a single store in Geelong, and he has since overseen the growth of Cotton On into a global retail powerhouse. The brand offers a wide range of clothing, accessories, and lifestyle products.
And its expansion into international markets has solidified its presence on the global fashion stage. Austin’s focus on affordability, trendiness, and sustainability has resonated with consumers, making Cotton On a favorite among shoppers and positioning him as a leader in the fashion industry.
38. Tony & Ron Perich
Net Worth: $1.42 B
Tony and Ron Perich are brothers known for their contributions to the agricultural and property development sectors. They are the owners of the Leppington Pastoral Company, a diversified agribusiness with interests in dairy farming, meat processing, and food production.
The Perich brothers’ commitment to sustainable farming practices and food production has led to the establishment of state-of-the-art facilities and a reputation for high-quality products.
39. John Van Lieshout
Net Worth: $1.41 B
John Van Lieshout is a respected figure in the healthcare and pharmaceutical industries. He is the founder and chairman of the TerryWhite Chemmart pharmacy network, which has become one of Australia’s largest retail pharmacy brands.
Van Lieshout’s strategic leadership and commitment to providing accessible healthcare services have driven the expansion of the pharmacy network, offering a wide range of health and wellness products to communities across the country.
40. Anthony Hall
Net Worth: $1.4 B
Anthony Hall is a notable entrepreneur in the hospitality and entertainment sectors. He is the co-founder and executive chairman of Funlab, a leisure and entertainment company that operates a variety of entertainment venues, including Holey Moley Golf Club and Strike Bowling.
Hall’s innovative concepts and immersive experiences have redefined entertainment options, attracting a diverse audience of patrons. His ability to blend leisure, creativity, and social interaction has positioned Funlab as a leader in the experiential entertainment industry.
41. Jack Gance & family
Net Worth: $1.35 B
Jack Gance and his family have made significant contributions to the Australian retail and pharmaceutical sectors. As the founder of Australian Pharmaceutical Industries (API), Gance has played a pivotal role in establishing a leading pharmacy distribution and retail company.
API’s subsidiaries include Priceline Pharmacy, a well-known retail brand offering health and beauty products. The Gance family’s impact extends beyond business, as they have been actively involved in philanthropic initiatives that support health and medical research. One of the richest persons in Australia.
42. Mario Verrocchi & family
Net Worth: $1.34 B
Mario Verrocchi and his family have made their mark in the construction and property development industries. As the founder of BGC (Australia), Verrocchi has overseen the growth of a diversified conglomerate with interests in construction, property, and building materials.
The Verrocchi family’s involvement in various sectors reflects their entrepreneurial spirit and ability to identify strategic opportunities. Their contributions to urban development and the construction landscape underscore their role in shaping Australia’s built environment.
43. Sam Hupert
Net Worth: $1.3 B
Sam Hupert is a visionary entrepreneur and the founder of Pro Medicus, a leading medical imaging and health informatics company. Under Hupert’s leadership, Pro Medicus has developed innovative software solutions that enhance medical imaging workflows and improve patient care.
Hupert’s ability to bridge the gap between healthcare and technology has propelled Pro Medicus to international recognition and success. One of the richest persons in Australia.
44. Sam Tarascio
Net Worth: $1.25 B
Sam Tarascio is a prominent Australian property developer and the founder of Salta Properties, a company that specializes in commercial and residential property development. Tarascio’s visionary approach to property development has led to the creation of iconic buildings and precincts that contribute to Melbourne’s urban fabric.
His commitment to architectural excellence and urban regeneration has positioned Salta Properties as a key player in shaping Melbourne’s skyline and urban environment. One of the richest persons in Australia.
45. Sam Kennard & siblings
Net Worth: $1.2 B
Sam Kennard and his siblings have made significant contributions to the self-storage industry in Australia. As part of the Kennard family, Sam is involved in Kennards Self Storage, a company that operates a network of storage facilities across the country.
Under Kennards’ leadership, the company has expanded its services and introduced innovative storage solutions to meet the evolving needs of customers. One of the richest persons in Australia.
46. Michael Heine
Net Worth: $1.19 B
Michael Heine is a finance and investment veteran known for his role in the co-founding of Netwealth Group Limited, a prominent wealth management and financial services company. Heine’s strategic leadership and expertise in finance have been instrumental in growing Netwealth into a leading platform for financial advisors and investors.
The company’s innovative approach to wealth management and technology-driven solutions reflects Heine’s dedication to providing clients with accessible and efficient financial services. One of the richest persons in Australia.
47. Manny Stul
Net Worth: $1.18 B
Manny Stul is an Australian businessman and entrepreneur who is the co-founder and chairman of Moose Toys, a renowned toy company. Stul’s leadership and creative vision have led to the development of popular toy brands such as Shopkins, which has achieved global success and recognition.
Moose Toys’ commitment to innovation, design, and play has resonated with children and families worldwide, positioning Stul as a prominent figure in the international toy industry. One of the richest persons in Australia.
48. Mark Creasy
Net Worth: $1.02 B
Mark Creasy is a prominent figure in the mining and resources sector, known for his significant contributions to mineral exploration and discovery. Creasy’s exploration ventures have led to the discovery of valuable mineral deposits, including gold and nickel.
His expertise in geology and exploration has contributed to the development of Australia’s mineral resources and the expansion of the mining industry. Creasy’s exploration efforts have had a profound impact on Australia’s economy and resource development.
49. Alan Rydge
Net Worth: $1 B
Alan Rydge is a respected figure in the entertainment and media industries. As the founder of Village Roadshow, Rydge has played a central role in the growth of a diversified entertainment company that operates cinemas, theme parks, and film production ventures.
His contributions to the entertainment sector have contributed to the development of Australia’s film and leisure landscape. Rydge’s ability to blend entertainment and business has solidified his position as a key player in the entertainment industry.
50. Kerr Neilson
Net Worth: $960 M
Kerr Neilson is a highly regarded Australian investor and the co-founder of Platinum Asset Management, a global investment management company. Neilson’s investment strategies and insights have garnered international recognition. One of the richest persons in Australia.
And his ability to identify emerging market opportunities has driven Platinum’s success. Neilson’s investment philosophy and thought leadership have positioned him as a respected figure in the finance and investment sectors, with a notable influence on shaping investment strategies and approaches.
Conclusion
In the heart of the sunburned country lies a captivating saga of wealth and achievement, epitomized by the trailblazers who have secured their positions among the top 50 richest persons in Australia. Their fortunes not only symbolize individual success but also reflect the nation’s ability to foster innovation, nurture entrepreneurship, and embrace diversity across various industries.
As Australia continues to evolve and adapt within an ever-changing global economy, the narratives of these accomplished individuals serve as a testament to the potential that lies within its borders. The stories of their ingenuity, hard work, and resilience remind us that the pursuit of excellence and the accumulation of wealth can ripple far beyond personal gains, inspiring progress and prosperity for the entire nation.
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