Australian Rich List | 2023 (WATCH)

PHOTO: Financial Review Rich List 2023. AFR

The rich keep getting richer – but only just. The $563 billion represented by Australia’s 200 largest fortunes on 2023’s Financial Review Rich List, 40 years after the first Rich List was published in BRW Magazine, is just a 1 per cent increase on last year.

For the fourth year in a row, mining magnate Gina Rinehart has been crowned the country’s richest person in the Australian Financial Review’s annual Rich List.

But the news was less rosy for some wealthy tech entrepreneurs.

KEY STATISTICS

• $563b Total wealth ($554.9b in 2022)
• 6 Debutants
• 36 Number of women
• 67.3 Average age (67.7 in 2022)

The Financial Review Rich List 2023 is the 40th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 26 May 2023.

The net worth of the wealthiest individual, Gina Rinehart, was $37.41 billion; while the net worth of the 200th wealthiest individual, Bob Rose and his wife, Margaret, and their family, was $690 million; up from $640 million for the 200th individual in 2022. The combined wealth of the 200 individuals was calculated as $563 bn, an increase of $9 bn on the previous year; compared with a combined wealth of $6.4 bn in 1984 when the BRW Rich 200 commenced. Thirty-six women were included on the 2023 Rich List, representing 18 percent of the list; down from thirty-nine women in 2021, or 19.5 percent. The list included six debutants.

Rinehart held the mantle of Australia’s wealthiest individual between 2011 and 2015; and was also the wealthiest Australian individual since 2020. From 2017 to 2019, Anthony Pratt was Australia’s wealthiest individual, ranked fourth in the 2021 Rich List, after Andrew Forrest, Australia’s wealthiest individual in 2008, and Mike Cannon-Brookes. Harry Triguboff was Australia’s wealthiest individual in 2016, ranked fourth in the 2023 Rich List.

SOURCE: Wikipedia

https://www.youtube.com/watch?v=zqmwID1GOUI

List of individuals

 

2023		Name	Citizenship	Source of wealth	2022
Rank	Net worth A$ bn				Rank	Net worth A$ bn
1	37.41	Gina Rinehart	Australia	Hancock Prospecting; investment	1	34.00
2	33.29	Andrew Forrest	Australia	Fortescue Metals Group	2	30.70
3	24.30	Anthony Pratt and family	Australia	Visy; Pratt Industries	3	24.30
4	23.80	Harry Triguboff	Australia	Meriton Apartments	7	21.20
5	23.66	Clive Palmer	Australia	Mineralogy and other mining interests; hospitality	8	19.50
6	19.01	Mike Cannon-Brookes	Australia	Atlassian	5	27.80
7	18.16	Scott Farquhar	Australia	Atlassian	6	26.40
8	13.60	Ivan Glasenberg	Australia[9] South Africa Switzerland[10]	Glencore commodities trading	16	12.2
9	13.18	Melanie Perkins and Cliff Obrecht	Australia	Canva	26	13.80
10	9.33	Sir Frank Lowy	Australia	ex-Westfield; property	9	9.30
11	9.11	Richard White	Australia	Technology	20	6.30
12	7.45	Kerry Stokes	Australia	Property; Seven West Media; resources	10	7.00
13	6.59	Cameron Adams	Australia	Canva	104	6.90
14	6.51	Alan Wilson and family	Australia	Reece Group	12	6.60
15	6.33	John Gandel	Australia	Property (shopping centres)	11	6.20
16	5.81	Lang Walker	Australia	Walker Corporation (property)	19	5.00
17	5.22	Len Ainsworth and family	Australia	Gaming; manufacturing	18	7.70
18	4.95	James Packer	Australia	Crown Resorts; Consolidated Media Holdings	13	6.00
19	4.90	Hui Wing Mau	China Australia[11]	Shimao Property	4	4.80
20	4.63	Angela Bennett	Australia	Mining	21	5.00
21	4.43	Chau Chak Wing	Australia	Property; investments	15	4.50
22	4.36	Jack Cowin	Australia	Competitive Foods Australia; investment	17	5.20
23	4.35	Lindsay Fox	Australia	Linfox; property	23	4.20
24	4.20	Vivek Chaand Sehgal	Australia	Motherson Sumi Systems	14	5.90
25	3.97	Solomon Lew	Australia	Premier Investments; retail	24	4.20
26	3.95	Morry Fraid, Zac Fried and family	Australia	Retail; property	72	3.20
27	3.90	Laurence Escalante	Australia	Gaming	??	3.00
28	3.90	Terry Snow	Australia	Capital Airport Group; property	27	3.60
29	3.85	Alexandra Burt and Leonie Baldock	Australia	Resources	25	4.20
30	3.71	Greg Goodman and family	Australia	Goodman Group; property	46	3.60
31	3.50	Michael Hodgson	Australia	Property	33	3.10
32	3.42	Andrew Budzinski	Cyprus	IC Markets; financial services	58	4.20
33	3.35	Lachlan Murdoch	United States United Kingdom Australia[12]	Media	22	4.00
34	3.33	Brett Blundy	Australia	Retail; property; agriculture	37	3.30
35	3.11	Ed Craven	Australia	Gaming	n/a	not listed
36	3.06	Tony Perich and family	Australia	Agriculture; property	43	2.80
37	2.91	Gerry Harvey and Katie Page	Australia	Harvey Norman	31	3.30
38	2.88	David Hains	Australia	Investment	28	2.90
39	2.78	Kie Chie Wong, Ann Lim and family	Malaysia	Investor; resources	44	2.78
40	2.76	Betty Klimenko, Monica Weinberg-Saunders and family	Australia	Property	29	2.70
41	2.72	John Van Lieshout	Australia	Retail	45	2.70
42	2.67	Michael Heine and family	Australia	Financial services	53	2.80
43	2.63	Sam Kennard and family	Australia	Kennards Hire	??	2.00
44	2.60	Maurice Alter and family	Australia	Retail	34	2.60
45	2.57	Prudence MacLeod	Australia	News Corporation and News UK	36	2.60
46	2.47	Ginia Rinehart	Australia	Hancock Prospecting	42	2.20
47	2.44	John Hancock	Australia	Hancock Prospecting	40	2.43
48	2.43	Bob Ell	Australia	Property	47	2.40
49	2.42	Bianca Rinehart	Australia	Hancock Prospecting	39	2.20
50	2.42	Hope Welker	Australia	Hancock Prospecting	41	2.20
51	2.38	Jack Gance	Australia	Chemist Warehouse; retail	60	1.60
52	2.35	Mario Verrocchi	Australia	Chemist Warehouse	63	1.50
53	2.31	Shaun Bonétt	Australia	Precision Group; property	101	1.90
54	2.27	Chris Thomas	Australia	Agriculture	85	1.60
55	2.25	Chris Ellison	Australia	Resources	87	1.80
56	2.23	Marcus Besen and family	Australia	Retail	53	2.20
57	2.23	Sam Arnaout	Australia	Hospitality; property	???	1.89
58	2.14	Nick Politis	Australia	Retail; property	79	2.20
59	2.13	Bruce Mathieson	Australia	Gaming; investments	63	2.20
60	2.10	Sir Michael Hintze GCSG, AM	Australia United Kingdom	Retail; investment	30	2.20
61	2.09	Gretel Packer	Australia	Crown Resorts; investment	56	2.00
62	2.09	Ye Lipei	Australia	Property	48	2.20
63	2.08	Russell Withers and family	Australia	Retail	55	2.00
64	2.02	Gary Tieck and family[note 1]	Australia	Property; investment	???	2.00
65	2.00	Nigel Austin	Australia	Cotton On Group; retail	49	2.00
66	2.00	Manny Stul and family	Australia	Moose Toys; retail	???	2.00
67	1.97	John Casella and family	Australia	Agriculture	62	1.70
68	1.94	Alan Rydge	Australia	Rydges Hotels & Resorts; Event Cinemas	80	1.90
69	1.93	Tim Roberts	Australia	Ex-Multiplex; investment	52	1.60
70	1.92	Jonathan Munz and family	Australia	Manufacturing	60	1.80
71	1.91	Khalil Shahin and family	Australia	Retail	61	1.80
72	1.91	Sam Chong	Australia	Resources; hotels	91	1.10
73	1.87	Trevor Lee	Australia	Agriculture	100	1.60
74	1.86	Paul Salteri and family	Australia	Investment	57	1.80
75	1.85	Anthony Hall	Australia	Technology	122	1.40
76	1.83	Paul Little	Australia	Toll Holdings	59	1.80
77	1.82	Maha Sinnathamby	Australia	Residential property	76	1.80
78	1.79	Eddie Hirsch	Australia	United Petroleum	77	1.60
79	1.78	Avi Silver	Australia		78	1.60
80	1.78	Paul Lederer	Australia	Ex-Primo smallgoods; investment	75	1.40
81	1.75	Sam Hupert	Australia	Technology	86	1.30
82	1.70	David and Vicky Teoh	Australia	Telecommunications	40	2.60
83	1.69	Sam Tarascio	Australia	Property	75	1.69
84	1.62	Peter Gunn	Australia	Logistics; investment; property	74	1.60
85	1.59	Sam and Andrew Buckeridge and family	Australia	Buckeridge Group of Companies	65	1.50
86	1.57	Ralph Sarich	Australia	Investment; property	94	1.60
87	1.57	Nechama Werdiger and family	Australia	Property	85	1.60
88	1.57	Imelda Roche[note 2]	Australia	Retail	84	1.50
89	1.56	Sandy Oatley and family	Australia	Agriculture; property; tourism	90	1.20
90	1.53	John Borg and Michael Borg	Australia	Manufacturing	n/a	not listed
91	1.50	Phillip Dong Fang Lee	Australia[13]	Property development	89	1.50
92	1.49	Nick Andrianakos and family	Australia	Property	104	1.10
93	1.49	John Richards and family	Australia	Waste management	86	1.49
94	1.44	Chris Morris	Australia	Computershare; financial services; hospitality	108	1.40
95	1.47	Andy Kennard and family	Australia	Kennards Hire	114	1.40
96	1.46	Dale Elphinstone	Australia	Elphinstone Group; mining services	98	1.40
97	1.45	Mark Creasy	Australia	Resources	116	1.50
98	1.45	Arthur Laundy	Australia	Hotels	181	1.40
99	1.43	Judith Neilson	Australia	Investment	69	1.40
100	1.42	John Kahlbetzer	Australia	Agriculture	92	1.40

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