{"id":28651,"date":"2020-10-30T11:25:24","date_gmt":"2020-10-29T22:25:24","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=28651"},"modified":"2020-10-30T11:25:24","modified_gmt":"2020-10-29T22:25:24","slug":"afr-rich-list-2020-property-tycoons-harry-triguboff-frank-lowy-among-australias-richest-people","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/afr-rich-list-2020-property-tycoons-harry-triguboff-frank-lowy-among-australias-richest-people\/","title":{"rendered":"AFR Rich List 2020: Property tycoons Harry Triguboff, Frank Lowy among Australia\u2019s richest people"},"content":{"rendered":"

PHOTO: Shopping centre magnate Frank Lowy spends his time in Israel and Sydney’s Point Piper.\u00a0Photo:\u00a0ADAM HOLLINGWORTH<\/span><\/strong><\/p>\n

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The biggest property names on the AFR Rich List<\/a> have been revealed, with a string of property developers and trophy home owners topping the list.<\/span><\/p>\n

Four of the 10 richest Australians made their wealth in the property industry, and retain billionaire status even amid the uncertain economy and global health crisis, while almost a quarter of the richest 200 built their empires in the property sector.<\/span><\/p>\n

Shimao Property Holdings chairman Hui Wing Mau ranked fourth overall, valued at an eye-watering $18.06 billion, after the Hong Kong-based Australian citizen made his fortune in property developments in China and Australia.<\/span><\/p>\n

Meriton founder and prolific apartment developer Harry Triguboff took seventh place with a $14.42 billion fortune. Mr Triguboff lives on a vast waterfront landholding\u00a0in Sydney\u2019s Vaucluse, although his trophy home is set to be demolished and the block subdivided.<\/span><\/p>\n

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Harry Triguboff\u2019s Vaucluse home. Photo: Dallas Kilponen<\/strong><\/em><\/figcaption><\/figure>\n

Westfield shopping centre empire Frank Lowy was ninth, at $8.3 billion. Mr Lowy splits his time between Israel and a waterfront residence in Sydney\u2019s\u00a0exclusive\u00a0Point Piper.<\/span><\/p>\n

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Frank Lowy\u2019s Point Piper home. Photo: Adam Hollingworth<\/strong><\/p>\n

Other Rich List property players<\/span><\/strong><\/p>\n

12 \u2013 Alan Wilson & family (Melbourne) $4.93 billion. Reece bathrooms owner, with profits up 13 per cent after a reno-filled pandemic<\/span><\/p>\n

19 \u2013 Lang Walker $4.27 billion (Sydney). $35 billion worth of projects in the pipeline<\/span><\/p>\n

27 \u2013 Terry Snow $3.19 billion (Canberra). Canberra Airport owner<\/span><\/p>\n

33 \u2013 Michael Hodgson (Perth) $2.33 billion. Owner of industrial sites and Perth residential subdivision Midland<\/span><\/p>\n

46 \u2013 Greg Goodman & family (Sydney) $2.02 billion. Goodman Group owns warehouses for e-commerce<\/span><\/p>\n

47 \u2013 Bob Ell (Surfers Paradise) $1.98 billion. Owns Sydney industrial property<\/span><\/p>\n

76 \u2013 Maha Sinnathamby (Brisbane) $1.35 billion. Behind the Greater Springfield Project master-planned community<\/span><\/p>\n

82 \u2013 Con Makris & family (Gold Coast) $1.32 billion. Property empire includes shopping centres and marina piers<\/span><\/p>\n

177 \u2013 Bob Rose (Sydney) $605 million. Built Breakfast Point<\/span><\/p>\n

185 \u2013 Tim Gurner (Melbourne) $581 million. Apartment developer in Melbourne and Brisbane<\/span><\/p>\n

198 \u2013 Danny Hill (Monaco) $546 million. Owner of Chandon Development Group<\/span><\/p>\n

200 \u2013 Nigel Satterley (Perth) $540 million. Australia\u2019s biggest private land developer<\/span><\/p>\n<\/figcaption><\/figure>\n<\/div>\n

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