The richest people in Australia are the Murdoch family.
They are very rich,
and they are Australian.
After making over $5 billion in 2019, the richest person in Australia is Mike Cannon-Brookes, the co-founder, and Chief Executive Officer of Atlassian.
So before you start to glance through the list of people that have made it into my list, have a guess as to who you think will appear. Comment at the bottom of the article with the people you expected to appear.
Top 10 Richest People in Australia
You may notice that a lot of these statistics are based on a yearly median income, not a median net worth. This is to account for people who are still working and therefore continue to earn money on a yearly basis. Also, you can see that Australia’s richest man, Kerry Stokes, has a net worth of over $1.54 billion, even though he is considered to be worth just over $2.4 billion because of his wealth in shares.
10. Fiona Geminder
Net Worth: $2.6 Billion
Fiona Geminder’s first job was as an assistant at a firm of private investigators in Australia, but she has since held various positions and won prizes in various business arenas. She is currently a major shareholder in the Pact Group, a packaging business of which she owns 40%.
Geminder is the daughter of Richard Pratt and the sister of Anthony Pratt. She also has an older brother Luke who is not on the list.
Fiona’s current net worth is about 2.6 billion dollars.
9. James Packer
Net Worth: $3 Billion
The former PBL chairman is now the owner of the company which has been accused of trying to buy the national broadcaster, as a way to weaken the public broadcaster.
The other day in 2017, James Packer’s estimated net worth is $3 billion. This puts him on this list of the richest people in Australia.
James Packer said that he is trying to do the best job he can doing what he is doing to be a better dad to his two kids, and to be better at running his business.
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8. Lindsay Fox
Net Worth: $3.3 Billion
When he was a teenager, he developed the idea of helping truck drivers get to their destination more quickly and efficiently.
Lindsay is a big deal in the logistics and trucking industry. He was the CEO of the company which handles all of the trucks in Australia and is now non-executive Chairman of it.
While the media’s perception of this world is negative, Lindsay Fox’s perspective on our world at large is that all things work out in the end. She has had to “dramatize” her situation in order to survive, and while she could have been bitter, she hasn’t been.
7. John Gandel
Net Worth: $4 Billion
John Gandel is an Aussie businessman and property developer, who has been very successful through the development of commercial real estate. He has also acquired the majority of his wealth through the development of shopping centers located in Melbourne, Australia.
Gandel made his wealth because he was a very good businessman. He made billions when he bought a bankrupt department store chain, Sussan. He was the first to sell merchandise online.
He’s famous for being one of the richest people in Australia, and his net worth is estimated to be a staggering $4 billion.
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6. Andrew Forrest
Net Worth: $4.4 Billion
He is the owner of a mining company, and is the CEO of a cattle company. He is one of Australia’s richest people, and was considered one of the wealthiest men in the world.[Voiceover]: He’s the founder and now the chairman of the multinational mining and healthcare company, BHP Billiton, a company named after a British explorer who was probably a real asshole. He’s also the chairman and founder of the Australian Institute of Family Studies, which is a research institute that studies family formation in Australia.
5. Anthony Pratt
Net Worth: $4.7 Billion
Pratt Industries is a global company that is a supplier to many of the leading manufacturers in the world. Pratt Industries was founded in Australia by Anthony Pratt.
4. Frank Lowy
Net Worth: $5.4 Billion
Frank Lowy was an Australian-Israeli businessman and Chairman of Westfield. He was born in Sydney and studied at the Australian Institute of Land Management to become a real-estate developer. He also studied the business at the Wharton School of the University of Pennsylvania.
When Westfield Group was split into two separate companies, an internal restructuring saw the relocation of Scentre Group to Australia and New Zealand. The new executive team have been very successful in their new roles.
As Westfield’s success grew, Lowy became the 4th richest person in Australia with a net worth of $5.4 billion.
Frank Lowy said some things on the radio last week. I think he was talking to a radio host. He said he was looking to sell and that if he couldn’t find a stronger ownership, he would sell to someone else.
3. Vivek Chaand Sehgal
Net Worth: $5.8 Billion
The company employs 3000 people and has a billion-dollar turnover from the auto sector, and an annual revenue of over A$1.3 billion. In 2017, Samvardhan Group acquired Indian auto parts manufacturer Tungal Group.
Sekhar has now become Australia’s richest person, with an estimated net worth of $5.8 billion.
2. Harry Triguboff
Net Worth: $9.9 Billion
It is estimated that his net worth is in excess of A$15 billion. He also has a large Australian home in Sydney.
High-rise Harry started building more than 55 000 apartments, which is why he’s also given the nickname “High-Rise Harry”.
The Australian super rich family of “Holloway” has made a few changes to the rules. They are now using their own private jet and making fewer trips to overseas.
Harry Triguboff says that he still has strong interests in the company, and he wants to produce a great management team to run the company. He does not want to have outsiders run the company.
1. Gina Rinehart
Net Worth: $15.1 Billion
Gina Rinehart is the chairwoman of the Australian-based company, Hancock Prospecting. She is the daughter of Lang Hancock, one of the mining magnate’s many offspring.
She grew up in the gold mining industry where she worked for her father’s company, which was the world’s largest mining company at the time. She ended up dropping out of university and working full-time.
There’s a lot of Rinehart’s wealth in the Perth property market. With a net worth of $15.1 billion, she’s the richest person in Australia. Her second home is the property at 712 Beaufort Street that was once owned by the late media mogul Kerry Packer and is currently valued at $32 million.
The millionaires and billionaires who chose to invest in Australia are actually those who most help the poor and our young. This is what Gina Rinehart said.
(The article is about one of the most famous and rich persons from India, but it is also true for most of the richest people in the world).
If you enjoyed this article, don’t forget to check out our flagship ‘rich list’, covering the 20 richest people in the world.
In fact, there are more billionaires in Australia (4) than there are American
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