PHOTO: Australia’s richest 250
Big names in property have made a splash in this year’s list of Australia’s richest 250 people.
This year’s list, compiled by The Australian, features a large number of powerbrokers from the property industry, with the highest entrant – Harry Triguboff – ranking at number six overall on the list with an eye-popping total wealth of $20.81 billion.
Billionaire Harry Triguboff, pictured with Olympic champion swimmer Emma McKeon, came in as the highest ranking property powerbroker on The List. Picture: Sam Ruttyn
Gina Rinehart topped the Richest 250 list overall for 2022, with a massive $32.64 billion in wealth. Fellow mining magnate Andrew Forrest came in second with a combined wealth of $31.77 billion.
Anthony Pratt was third with $27.77 billion, while Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar are fourth and fifth with wealth of $26.20 and 25.99 billion respectively.
Cannon-Brookes has been very active in the last few years buying up homes, after dropping $100 million on the stunning Fairwater mansion, and also spending $24.5 million on Jen Hawkins Newport home.
‘Fairwater’ in Point Piper was purchased by tech-billionaire Mike Cannon-Brookes. Picture by James Croucher
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.
Triguboff, aka ‘high-rise Harry’ is an Australian billionaire real estate developer, and is the highest ranking property mogul on the list. He is the founder and managing director of Meriton.
Australia’s top 10 Aussie property powerbrokers. Picture: Supplied
He began his working life in the textile business, making his move into real estate in the early 1960s.
The 89-year old found success providing higher-density living options in Sydney, which had been traditionally dominated by freestanding houses. He’s reportedly put up more than 75,000 apartments to date, according to Forbes.
An impression of Pacific, a twin supertower project proposed for Surfers Paradise on the Gold Coast by Meriton boss Harry Triguboff.
Harry Triguboff in his office at Meriton. Picture: John Appleyard
The total wealth on the 2022 list is a combined $520.20 billion, in 2021 it was $470.07 billion.
The average wealth on the list is $2.08 billion with 131 billionaires on the list, last year the average wealth was $1.88 billion
Property was the highest money-making sectors from the list, with 59 people on the list making their mint in the property sector.
John Gandel — who came in second on the list of property powerbrokers — pictured with partner Pauline at the Triceratops Fate of the Dinosaurs on March 10, 2022. Picture: FIONA HAMILTON PHOTOGRAPHY
And its little surprise that our richest people call some of the country’s ritziest regions home, with the most popular suburb for those on the list to live being Toorak in Melbourne, with 20 people owning property there.
NSW dominated the next most popular spots for the richest 250 to live, with Point Piper (12), Vaucluse (11), Mosman Park (6). NSW can also lay claim to the highest number of people from the list with 98 residents, Victoria has 71, Queensland 32, WA 21, SA 5, NT 2 and Tasmania and the ACT 1 each, while 19 live overseas.
The other professions on the list were technology with 29, investment 28, retail 27, mining 22, manufacturing 14, healthcare 13, financial services 12, agriculture 10, and construction 10.
Australia’s richest 250 wealth at a glance. Picture: The Australian
This year’s list has more members from the technology sector than ever before but some of the so-called older industries, such as manufacturing, showed resilience.
“The technology revolution is heralding a shift from ‘old’ industries such as mining and manufacturing to newer online sectors, bringing significant change to the ranks of the country’s wealthiest individuals,” Editor of The List, John Stensholt, said.
“It has also helped create a record number of new names on The List, with 29 debutants. Despite the pandemic, some sectors – retail in particular – have done incredibly well and created a surge in new wealth on The List.”
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