Richest People in Australia | Australian Billionaires in 2022

Ria Puneyani Ria Puneyani
Jan 21, 2022 7 min read
Richest People in Australia | Australian Billionaires in 2022

Australia is one of the most popular countries in the world. It is considered the richest nation with a high market-based economy. It is the world's sixth-largest country in the world with a population of nearly 26 million. It reached rank one for gaining the most significant wealth in 2020.

It is a developed country with a high-income economy and its twelfth largest economy. Its market has a comparatively high GDP, tenth-highest per capita income, and eighth-highest Human Development Index. It ranks 13 in the highest military expedition. It also ranks high in wealth, education, safety and many more.

Given below are the top 10 richest people of Australia. Let's know more about them.

List of Richest People in Australia

  1. Gina Rinehart
  2. Mike Cannon Brookes
  3. Andrew Forrest
  4. Scott Farquhar
  5. Harry Triguboff
  6. Anthony Pratt
  7. Frank Lowy
  8. John Gandel
  9. James Packer
  10. Lindsay Fox

Conclusion
FAQs

List of Richest People in Australia

List of Richest People in Australia

Here are some of the richest people in Australia. They are among the top Billionaires of Australia.

Gina Rinehart

Executive Chairperson - Hancock Prospecting
Net worth - $22.3 B

Gina Rinehart - Richest People in Australia
Gina Rinehart - Richest People in Australia

Gina Rinehart is the richest person in Australia. She built her business through her father, Lang Hancock's unsuccessful company, i.e. Hancock Prospecting. She started her business as a mining magnate. When she began shipping her products to Asia in 2011 to Roy Hill Mining, her company became the most significant mining house.

She became the executive chairwoman of Hancock Prospecting in 1992. Her net worth was even dropped for a few years due to slow down in the mining sector, but she didn't lose her hope. Instead, she worked hard. She earned her reputation once again in 2020 due to the increased demand for Iron Ore in Australia.

Mike Cannon Brookes

Co-CEO - Atlassian
Net worth- $18.2 B

Mike Cannon Brookes - Richest People in Australia
Mike Cannon Brookes - Richest People in Australia

Mike Cannon Brookes was the son of a global banking executive. Along with Scott Farquhar, he founded Atlassian, which is a software company. He started it after graduation. He started the company with an annual salary of $48,000.He is nicknamed an 'accidental billionaire'. Not only this, but he is also a professor for higher studies.

He was awarded as the Young Global Leader in 2009 by the World Economic Forum. In 2018, he purchased the most expensive house for $100 million. In 2019, he bought a house for $12 million. In December 2020, he bought a minority stake in NBA team Utah Jazz with Qualtrics Co-founder Ryan Smith.


Top 10 Successful Australian Startups in 2021
Many Startups in Australia is worth billion US dollars, and has grown rapidly in years. So, Lets look at the Top 10 Successful Australian Startups in 2021

Andrew Forrest

CEO - Fortescue Metals Group (FMG)
Net worth- $18.8 B

Andrew Forrest - Richest People in Australia
Andrew Forrest - Richest People in Australia

John Andre Henry Forrest started his first mining company, Anaconda Nickel, in 1993 by buying a stake in the company, which collapsed in 2001. It was taken over by Glencore and renamed Minara Resources. His nickname is Twiggy.

After nine years, he founded Fortescue Metals Group (FMG), which mines and ships ores to China.

He became the richest person in Australia during the year 2008. In 2013, He and his wife pledged the majority of their wealth to charity. They were the first Australian Billionaires to take this step.

Scott Farquhar

Co-CEO - Atlassian
Net worth- $18.8 B

Scott Farquhar - Richest People in Australia
Scott Farquhar - Richest People in Australia

Scott Farquhar is also the founder of Atlassian, along with Mike Cannon Brooks. They founded a company in Sydney. They work in the fields of media, manufacturing and technology. He worked in a way so he might not have to work in another corporation.

He urged companies to donate at least 1% of equity, employees' time on products to charity. In 2007 he was named on BRW rich 200, a list of Australia's richest people under 40. In 2017, he purchased his ancestral home, which he rebuilt for $30 million in 2020.

In 2018, he spoke against the Australian Government for their 475 Visas move, which according to him, would damage the country's reputation for people to come for work.

Harry Triguboff

Founder and Managing Director - Meritan
Net worth - $10.1 B

Harry Triguboff - Richest People in Australia
Harry Triguboff - Richest People in Australia

Harry Triguboff was born in China to Russian parents, and he came to Australia as a teenager. He did various odd jobs before coming to this field, from which he didn't succeed. He started his business by providing higher-density living options in Australia's largest city.

He was the first developer to make others understand the usefulness of living in apartments where people preferred single-family homes. He is nicknamed ' High Rise Harry ', and he has put more than 75,000 apartments which drive up his fortune.

Anthony Pratt

Executive Chairman- Visy Industries and Pratt Industries
Net worth - $10.1 B

Anthony Pratt - Richest People in Australia
Anthony Pratt - Richest People in Australia

Anthony Joseph Pratt runs two companies: Visy industries, which do packaging and recycling business, and the other one is Pratt Industries, which manufactures corrugated cardboard. He runs the company, first set up by his grandfather in 1948 in Melbourne and was also expanded by his father, Richard.

From 1992, he moved to the US for his business expansion, from which his industries grew 15 - fold earnings and sales. On 17 September 2017, it was declared Pratt Industries Day. In August 2017, he pledged to give away $1B to charity before his death. In 2020, he was named 'Executive Papermaker of the Year' for his leadership and vision.

Frank Lowy

Co-founder - Westfield
Net worth - $4.9B

Frank Lowy - Richest People in Australia
Frank Lowy - Richest People in Australia

Sir Frank P Lowy was a former Chairman of Westfield Corporation. It was a global shopping company with the US $29.3B of assets under US, UK and Europe.

In 2007, he commenced a campaign to host the 2022 Fifa World Cup in Australia with $43 million with support from the Australian Government. In 2018, he sold his Westfield Corporation to a Franco-Dutch group in a $ 16B deal.

He is now the founder of Lowy Institute and Chairman of the Institute for National Securities Studies, who studies critical issues relating to Israel's security and Middle East affairs.


List of Top 20 Richest People of Asia in 2021
Some of the high profile billionaires of Asia are Mukesh Ambani, Jack Ma, Gautam Adani, Zhong Shanshan. Here is the list of the 20 Richest People in Asia.

John Gandel

Owner - Chadstone
Net worth - $3.5 B

Aaron Gandel- Richest People in Australia
Aaron Gandel- Richest People in Australia

Aaron John Gandel made his fortune in developing real estate and shopping centres. He inherited wealth from his parents, who founded Sussan Women's Clothing Chain, which his niece now owns. He grew it to a chain of 200 stores.

He now owns Chadstone, the largest shopping mall with over 500 stores. Myer Emporium sold it for $37 million. In 2012, he was the richest person in Melbourne. The key to his success was his ownership of malls which had become a leisure activity.

James Packer

Executive Chairman - Crown Resorts
Net worth - $ 3.5 B

James Packer - Richest People in Australia
James Packer - Richest People in Australia

James Douglas Packer is the major shareholder of Crown Resorts Ltd, the largest Casino group in Australia. Every year, his resort has over 31 million visits. He also took hold of the reigns of his family business, Consolidated Press Holdings Limited.

He was focused on creating an empire of worldwide gambling after his fathers death. He settled with his elder sister in 2015 after agreeing on the division of assets after their father's death. In March 2018, he stepped out from Crown Resort.

Lindsay Fox

Founder and Chairman - Linfox
Net worth - $ 2.2 B

Lindsay Edward Fox - Richest People in Australia
Lindsay Edward Fox - Richest People in Australia

Lindsay Edward Fox founded a logistics company Linfox. He was expelled from school at 16 because he didn't have academic interests. He started this in 1956 with one truck, and he was the driver, which now has over 5000 trucks in more than ten countries in Asian Pacific.

In 1992, he was named the ' Victorian Father of the Year '. He also owned an industrial property portfolio, two airports and many more, which are now looked after by his children. He also played football for a team and continued his interest.


How to Sell a Business in Australia
Are you planning to sell your business in Australia?. Here’s a complete guide that will help you sell your business in Australia.

Conclusion

Now you all have seen the top 10 wealthiest people in Australia. Most of them have not been successful just when they started their business.

It would help if you understood that there is no guarantee that it will become fruitful in whatever we do. To achieve success, we should imbibe qualities like patience, focus, determination etc. So, it would help if you tried to build these qualities and enjoy success in life.

FAQs

Who is the richest person in Australia?

Gina Rinehart, the Chairperson of Hancock Prospecting is the richest person in Australia.

What age is Gina Rinehart?

Gina Rinehart was born on 9 February 1954. She is 68 years (2022).

Who are the top 10 richest people in Australia?

Top 10 Richest People in Australia are:

  • Gina Rinehart
  • Harry Triguboff
  • Anthony Pratt
  • Frank Lowy
  • Mike Cannon Brookes
  • Scott Farquhar
  • Andrew Forrest
  • John Gandel
  • James Packer
  • Lindsay Fox

How many Billionaires are there in Australia?

There are around 40 billionaires in Australia.

Must have tools for startups - Recommended by StartupTalky

Subscribe to StartupTalky

Get the latest insights delivered to you right in your inbox

Great! Next, complete checkout for full access to StartupTalky.
Welcome back! You've successfully signed in.
You've successfully subscribed to StartupTalky.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.