Top 10 Richest People In Australia (*Super Rich*)

The World’s Billionaires is an annual ranking of the world’s wealthiest billionaires based on verified net worth, gathered and published in March each year by the American business magazine Forbes. In March 1987, the list was first published.

The entire net worth of each person on the list is calculated and stated in US dollars, based on their verified assets and after deducting debt and other considerations. These rankings exclude royalty and dictators whose income stems from their status.

This ranking is an index of the wealthiest documented persons in Australia excluding any ranking of those whose wealth cannot be fully determined.

Here are the top 10 richest people in Australia.

Gina Rinehart

Gina Rinehart

This year, the top slot on the Rich List was strengthened with iron-rich reinforced steel: the founder of the Pilbara’s Roy Hill mine at one point added more than $1 billion to her fortune pile as iron ore prices continued to rise.

Rinehart’s Hancock Prospecting’s profit increased to more than $4 billion, opening the path for a $710 million payout. Roy Hill’s success has returned the $US7.2 billion debt Rinehart borrowed in 2014 to make her fantasies a reality.

Rinehart is making fresh investments, including overtaking her son, John Hancock, on the stock exchange of lithium play Vulcan Energy.

Rinehart is Australia’s wealthiest individual. Her fortune peaked at roughly A$29 billion in 2012, when she surpassed Christy Walton as the world’s richest woman and was named to Forbes’ list of The World’s 100 Most Powerful Women.

Rinehart’s net worth plummeted in the years that followed due to a recession in the Australian mining sector. According to Forbes, her net worth in 2019 was projected to be $14.8 billion, as reported in the list of Australia’s 50 wealthiest people.

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Andrew Forrest

Andrew Forrest

John Andrew Henry Forrest AO is a businessman from Australia. He is best known as the former CEO and current non-executive chairman of Fortescue Metals Group (FMG), although he also has interests in mining and cattle ranching.

According to the Financial Review 2021 Rich List, Forrest is the second richest Australian, with an estimated net worth of A$27.25 billion. According to the Financial Review, Forrest was Australia’s richest person in 2008.

Forrest’s aim of becoming the country’s third iron ore power has paid off handsomely, and he’s now leveraging his $60 billion mining behemoth Fortescue Metals Group to pursue his next major goal: a carbon-neutral planet.

He believes Fortescue has the potential to become one of the world’s largest energy providers, and he is working to develop technology to establish a green steel industry. Forrest also intends to build a $1 billion green hydrogen facility in Port Kembla, New South Wales.

His vast fortune means that his interests are diverse: the businessman and philanthropist have purchased Australian bootmaker RM Williams, fintech, and is creating eco getaways.

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Mike Cannon-Brookes

Mike Cannon-Brookes

Michael Cannon-Brookes is an Australian billionaire and the co-founder and CEO of Atlassian. Cannon-Brookes is known as the “accidental millionaire” since he and his business partner Scott Farquhar created Atlassian with the simple goal of recreating the then-typical graduate starting wage of A$48,000 at large firms without having to work for someone else.

Mike Cannon-Brookes, the international face of Australia’s software sector, co-founded Atlassian in 2002 with university mate Scott Farquhar.

What began in a garage with a $10,000 credit card has grown into a $76 billion collaboration software empire that is the stuff of legend. The easygoing, T-shirt-loving creator is also spearheading the country’s push to shift to renewable energy and combat climate change.

Cannon-Brookes’ Grok Ventures has made various investments, including financing a plan to create 1 million employees through green initiatives and renewable energy. He has also made investments in SunDrive, Brighte, and Weave Grid.

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Anthony Pratt & family

Anthony Pratt & family

Anthony Joseph Pratt, a millionaire Australian businessman, is the Executive Chairman of Visy Industries and Pratt Industries in America, the world’s largest privately-held packaging and paper company.

He is the son of philanthropist Jeanne Pratt AC and the late Richard Pratt, a former industrial mogul and former president of the Carlton Football Club.

Pratt and his family have a net worth of A$20.09 billion, according to the Financial Review Rich List 2021. Forbes estimated his net worth in 2021 to be $9.78 billion, excluding his sisters’ inheritance.

After their father, Richard, died in 2009, Pratt and his sisters, Heloise Pratt and Fiona Geminder took over the family’s Visy packaging and recycling company.

Pratt also established his own American company, Pratt Industries. In calendar 2020, the two companies combined made a record amount of money. Pratt has vowed to invest $2 billion in Australia in order to generate jobs.

He collaborated with the federal and Victorian governments in April to eliminate pollutants like plastic from the waste paper stream. Visy is modernizing the Laverton glass recycling center it bought as part of the $1 billion purchase of Owens Illinois’ local assets last year.

Scott Farquhar

Scott Farquhar

Scott Farquhar’s financial interests, like those of his Atlassian cofounder, now extend far beyond the technology firm he founded, owing to Skip Capital, which is headed by his wife, Kim Jackson.

Skip has invested in companies such as fintech unicorn Airwallex, August Robotics, and HR tech start-up Pyn. It will deploy a record $100 million of funds in 2020, and it will unveil a new infrastructure fund in February.

At the same time, Atlassian’s stock price has risen, from $US135 a year ago to more than $US230 today, as organizations throughout the world turned to collaborative working solutions during the pandemic.

Harry Triguboff

Harry Triguboff

Profits at Triguboff’s Meriton Properties fell to $19.4 million in fiscal 2020, down from $356 million the previous year, as the pandemic slowed unit sales and nearly eliminated the serviced apartment sector.

However, with cheap money flowing, Triguboff believes Meriton will recover to pre-COVID levels as early as this fiscal year.

Several serviced apartment developments have been converted to residential, and Meriton’s asset carrying value has surpassed $17 billion for the first time. Triguboff’s approach to a dramatic drop in international arrivals is to refocus on local marketing.

Clive Palmer

Clive Palmer

Clive Frederick Palmer is a businessman and politician from Australia. He has iron ore, nickel, and coal. Palmer owns a number of companies, including Mineralogy, Waratah Coal, Queensland Nickel in Townsville, the Palmer Coolum Resort on the Sunshine Coast, the Palmer Sea Reef Golf Course in Port Douglas, the Palmer Colonial Golf Course in Robina, and the Palmer Gold Coast Golf Course in Robina.

From 2008 to 2012, he was the owner of Gold Coast United FC. Palmer founded the Palmer United Party in April 2013, after winning the Sunshine Coast seat of Fairfax in the Australian federal election that year and serving as an MP for one year.

Palmer was the seventh richest Australian in May 2021, according to The Australian Financial Review, with a net worth of A$13.01 billion on the 2021 Rich List.

Hui Wing Mau

Hui Wing Mau

Hui Wing Mau’s Hong Kong-listed Shimao Property Holdings’ share price and profits fell this year, knocking him off the Rich List. Happily, for Mau, he received Hong Kong’s highest honor, the Grand Bauhinia Medal, in part for his efforts to foster “social harmony.”

Hui, who was born impoverished in Fujian province, was educated as a rural doctor under Mao Zedong’s rule before working in textile industries and eventually investing in them. Hui obtained Australian citizenship after studying for an MBA at the University of South Australia in the early 1990s, during which time his family lived in Darwin.

Frank Lowy

Frank Lowy

When Frank Lowy and John Saunders founded Westfield Corporation in the 1970s, it was just as shopping malls were becoming popular.

Then, in the middle of the last decade, with Westfield owning more than 100 retail centers in nine countries and 23,000 tenants, Lowy decided they weren’t going to be such a thing any longer.

His timing was flawless. In December 2017, Lowy sold Westfield’s worldwide malls to Unibail-Rodamco for $32 billion, virtually trebling the company’s current value. Lowy has moved to Israel to retire.

Melanie Perkins & Cliff Obrecht

Melanie Perkins & Cliff Obrecht

Another year, another massive price increase for Canva, the software platform that claims to simplify the graphic design. Perkins and Obrecht founded the company in 2012, and it has since raised $500 million in venture financing, with the most recent round estimated at $20 billion.

Canva’s investors include Australia’s two most successful internet entrepreneurs, Mike Cannon-Brookes and Scott Farquhar, and the company appears to be on its way to Atlassian-like ubiquity.

While Perkins is credited with Canva’s ambition of being the go-to visual communication tool for businesses, Obrecht’s negotiating abilities have guaranteed that the company’s founders (including Cameron Adams) have retained a controlling position through 13 rounds of investment.