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It has also helped create a record number of new names on, . .dkDJIp > *:not(:last-child){margin-bottom:16px;}/*!sc*/ Which celeb real estate agents would star in a NZ version of Selling Sunset? The average fortune of Australias 250 richest people is $1.27 billion, and their combined wealth equals almost $320billion. Register, Join the conversation, you are commenting as Logout. The top 10 on The List are wealthier than ever before, led by two of the countrys most successful businesswomen who have changed the face of corporate Australia. Disclaimer: Your Money & Your Life contains general financial information only. All times AEDT (GMT +11). BOOM times in the Australian beef industry are in clear evidence in a compilation of Australia's 250 richest individuals published by The Australian on the weekend. Property continues to be the main source of wealth, with 59 of Australias wealthiest making their fortune from the industry with the technology sector moving up the list (29 members). John Gandel $5.05 billion 17. It should not be relied on as finance or tax advice. Secretive fund manager buys into Warner Music and increases the short positions of its flagship fund by 20pc. By the end of April it had resumed its run towards a record-breaking $US200 a tonne, adding $3 billion to Rineharts wealth, almost $2 billion to Forrests and further billions for the likes of Clive Palmer and Angela Bennett. .fVFFaP.fVFFaP{list-style:none;display:block;-webkit-column-fill:auto;-webkit-column-fill:auto;column-fill:auto;-webkit-column-count:4;column-count:4;height:100px;display:none;overflow-x:hidden;}/*!sc*/ The Australian today announced Gina Rinehart has taken out top spot on its third annual edition of The List: Australia's Richest 250 which will be published in The Weekend Australian tomorrow as a special 84-page magazine.. Anthony Pratt & family $27.77 billion 4. Youre not necessarily worldly youre not life experienced. The Mineralogy founder and United Australia leader lays claim to $18.35 billion in assets, up from $9.76 billion recorded in the 2021 Richest 250 list. Copyright 2023 Private Media Pty Ltd. Publishers of Crikey. Harry Triguboff is sixth on the list with $20.81 billion in assets, while Clive Palmer came in at number seven, nearly doubling his wealth for a second year in a row valued at $18.35 billion. Anthony Pratt & family $27.77 billion 4. Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Im in the shower and thinking about it. Crikey is an independent Australian source for news, investigations, analysis and opinion focusing on politics, media, economics, health, international affairs, the climate, business, society and culture. New-age businesses and technology start ups are going to make the list here and there, but property is always going to be there, he says. Melanie Perkins $15.89 billion 10. | PM Adern responds to rumours, Government smashes own record for amount spent on emergency housing, The War of the Burgers as Whalburgers, In-N-Out open doors in NZ | WATCH, Mortgage holders to feel the squeeze following Westpacs predicted rate hike | WATCH, Insurer says 20,000 homes in New Zealand at risk of severe flooding, Mark Wahlbergs restaurant chain opening in New Zealand | WATCH, Auckland home suffers near-$1m hit as resale losses grow, NZ Sothebys International Realty to open new office, Real Estate Agents: Who has the lowest and highest fees? Become a subscriber to get full access to the website, as well as our premium newsletters. Founders Melanie Perkins and Cliff Obrecht cracked the Rich Lists top 10 as their simplified graphic design platform collects masses of active users on par with the population of Italy. is the biggest annual study of Australias 250 wealthiest individuals undertaken in this country, with final wealth figures calculated in mid-February 2022. and a team of researchers and journalists. @media (max-width:1024px){.gfNauG.gfNauG{max-width:658px;padding:0;}}/*!sc*/ .fVFFaP.fVFFaP a{font-size:0.75rem;line-height:1rem;font-family:"Pangea","Helvetica Neue",Helvetica,Arial,sans-serif;font-variation-settings:"XTDR" 50,"APRT" 100,"SPAC" 40;font-weight:400;color:var(--ck-textSecondary);}/*!sc*/ So who has bought one? Enter your email address to subscribe to this site and receive notifications of new posts by email. Weve all seen Succession. .dkDJIp{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;-webkit-align-items:stretch;-webkit-box-align:stretch;-ms-flex-align:stretch;align-items:stretch;padding:0;}/*!sc*/ But who did the best? The three billionaires - the top three in The List: Australia's Richest 250 with a combined wealth of almost $50 billion - are talking to The List about the key moments and decisions they made during their respective business careers, which add up to more than 100 years of combined corporate knowledge. Designed using Magazine Hoot. This fact was buried deep on page 82 of the paper's glossy magazine insert, The List. Hi there, welcome to your account and your subscriber benefits. Co-founder of software giant Atlassian, Scott Farquhar is the fifth richest person in the country and with an estimated net worth just shy of $26 billion.Farquhar bought the former Fairfax Family estate Elaine in Point Piper at a then record-breaking $75 million. @media (max-width:767px){.iwiQAo.iwiQAo.iwiQAo.iwiQAo{margin-right:-1rem;}}/*!sc*/ Picture by James Croucher. Chinese steel makers demand for their product means our iron ore billionaires have so far been spared Beijings arbitrary tariffs which have dented the fortunes of some coal miners and winemakers on the Rich List. Her work has appeared frequently on SBS, news.com.au, ABC Radio and various parenting publications. Last year Australia's 250 richest people were worth a collective $377 billion. Instead of viewing a multitude of news sites to find out the very latest property news simply come here. An elite clutch of start-up founders is getting richer more quickly than ever, adding $30bn since March as wealth shifts from old industries to new sectors. Throw in 2020s reportedAUD$1 billion transactionthat added $2 billion to Visys $9 billion valuation and youve got a pretty handy bump in cash. Mike Cannon-Brookes $26.20 billion 5. Tania Austin, who helped former husband Nigel Austin grow fashion retailer Cotton On, debuts with an estimated wealth of $721 million after success with womens fashion chain Decjuba. Billionaire mining magnate Gina Rinehart tops this year's edition of The List - Australia's Richest 250, ahead of notable business identities including Andrew Forrest, Mike Cannon-Brookes, Anthony Pratt and Clive Palmer. Cliff Obrecht and Melanie Perkins founded Canva in 2012 and its now worth $6b, with Obrecht and Perkins owning $2.5b apiece. .bTWqPM.bTWqPM a{font-size:0.75rem;line-height:1rem;font-family:"Pangea","Helvetica Neue",Helvetica,Arial,sans-serif;font-variation-settings:"XTDR" 50,"APRT" 100,"SPAC" 40;font-weight:400;color:var(--ck-textSecondary);}/*!sc*/ Business was different in those days, he says. Needless to say, the results werent entirely surprising. Its been fun uncovering the new names coming up amongst the old guard of The List and sharing their stories.. Property was the highest money-making sectors from the list, with 59 people on the list making their mint in the property sector. Property News Real Estate News. Australias billionaires have thrived during the pandemic year - and some on this years Rich List have reaped even bigger rewards from a soaring iron ore price. Keep informed with what is happening with property in Australia. He began his working life in the textile business, making his move into real estate in the early 1960s. Hes reportedly put up more than 75,000 apartments to date, according to Forbes. The Australian is also releasing a collection of non-fungible token (NFT) artworks. Queensland billionaire Clive Palmer owns dozens of mansions on the Gold Coast and plenty of gold. Christopher Warren is an Australian journalist and writer. The artworks, which were commissioned especially by The List: Australias Richest 250, are of the top 20 richest Australians, as well as a few young guns. Len Ainsworth & family $4.62 billion 20. This is also known as Online Behavioural Advertising. They wind down in various ways, from the sporty to the leisurely or just collecting ritzy houses. According to The Australian's Rich List for 2022, mining magnate Gina Rinehart is the richest person in Australia. Another Australian-made software-as-a-service gaining global ubiquity is Canva. Industry:Mining Business: Fortescue Metals Group Role: Chairman Wealth in 2021: AUD$29.61 billion Change: 7%. At home in Sandringham? has been compiled using publicly available information. If you found 2020 a tough year, youre obviously not rich enough. Theres massive damage to the services industry from continued pandemic lockdown, says Flight Centre co-founder. The secretive Perth trio behind Wright Prospecting got a huge payday as the price of iron ore surged during 2020. She has also illustrated several childrens books. The richest Australian in 20212 is none-other than mining magnate Gina Rinehart. Her Psych qualification means she's particularly interested in the psychology of money and how to form good habits to improve finances. March 24, 2022 - 11:25AM. There was only 27 women included among Australia's 250 richest people in 2021. The Sydney tech giant says its new headquarters will be the worlds tallest hybrid timber building, and generate 2500 jobs. According to sources, the showbiz couple are worth a staggering $250 million . Compiled by media publicationThe Australian, the Richest 250 list shines a light on how the other half lives. Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. log in. Keep informed with what is happening with property and real estate in New Zealand. Also a keen philanthropist, Rinehart is well known for her donations to Swimming Australia, which have allowed elite athletes to focus on training without having to pick up part-time jobs.It is believed Rinehart is the largest individual donor to Olympic sport in Australian history. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. An impression of Pacific, a twin supertower project proposed for Surfers Paradise on the Gold Coast by Meriton boss Harry Triguboff. The $1.5 billion business is pushing a global expansion. Of course for every debutant, somebody must fall off the Rich List. Design & Development By CRETECHBD. You can access the latest stories from the journalists youre following here. The List: Australias Richest 250 is curated and edited by wealth expert John Stensholt and a team of researchers and journalists. Prefer us not to? Opt Out of personalisation.