Financial Review Rich List 2024
The Financial Review Rich List 2024 is the 41st annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 30 May 2024.
The net worth of the wealthiest individual, Gina Rinehart, was $40.61 billion; while the net worth of the 200th wealthiest individual, Christian Beck, was $718 million; up from $690 million for the 200th individual in 2023. The combined wealth of the 200 individuals was calculated as $624.9 bn, an increase of $61.9 bn on the previous year; compared with a combined wealth of $6.4 bn in 1984 when the BRW Rich 200 commenced.[1][2] Forty-one women were included on the 2024 Rich List, representing 20.5 per cent of the list; down from thirty-six women in 2023, or 18 per cent. The list included eleven debutants.[1]
Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; and has been the wealthiest Australian individual since 2020.[3] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked fourth in the 2021 Rich List, after Andrew Forrest,[2] Australia's wealthiest individual in 2008,[4][5] and Mike Cannon-Brookes. Harry Triguboff was Australia's wealthiest individual in 2016,[6][7] ranked second in the 2024 Rich List.[1]
List of individuals
[edit] |
| 2024[1] | Name | Citizenship | Source of wealth | 2023 | ||
|---|---|---|---|---|---|---|
| Rank | Net worth A$ bn |
Rank | Net worth A$ bn | |||
1  |
40.61  |
Gina Rinehart | Australia | Hancock Prospecting; investment | 1 |
37.41
|
| 2 |
26.49 |
Harry Triguboff | Australia | Meriton Apartments | 4 |
23.80
|
| 3 |
24.38 |
Mike Cannon-Brookes and Annie Cannon-Brookes | Australia | Atlassian | 6  |
19.01
|
| 4 |
23.30 |
Anthony Pratt and family | Australia | Visy; Pratt Industries | 3 |
24.30
|
| 5 |
22.88 |
Scott Farquhar | Australia | Atlassian | 7 |
18.16
|
| 6 |
22.75 |
Clive Palmer | Australia | Mineralogy and other mining interests; hospitality | 5 |
23.66
|
| 7 |
16.92 |
Nicola Forrest | Australia | Fortescue Metals Group | n/a | not listed |
| 8 |
16.76 |
Andrew Forrest | Australia | Fortescue Metals Group | 2 |
33.29
|
| 9 |
14.86 |
Ivan Glasenberg | Australia[8] South Africa Switzerland[9] |
Glencore commodities trading | 8 |
13.60
|
| 10 |
13.62 |
Melanie Perkins and Cliff Obrecht | Australia | Canva | 9 |
13.18
|
| 11 |
11.63 |
Richard White | Australia | WiseTech Global; Technology | 11 |
9.11
|
| 12 |
11.30 |
Kerry Stokes | Australia | Property; Seven West Media; resources | 12 |
7.45
|
| 13 |
10.64 |
Alan Wilson and family | Australia | Reece Group | 14 |
6.51
|
| 14 |
9.33 |
Sir Frank Lowy | Australia | ex-Westfield; property | 10 |
9.33
|
| 15 |
8.16 |
Vivek Chaand Sehgal | Australia | Motherson Sumi Systems | 24 |
4.20
|
| 16 |
6.94 |
John Gandel | Australia | Property (shopping centres) | 15 |
6.33
|
| 17 |
6.81 |
Cameron Adams | Australia | Canva | 13 |
6.59
|
| 18 |
6.08 |
Suzanne Walker and family [note 2] | Australia | Walker Corporation (property) | 16 |
5.81
|
| 19 |
5.85 |
Len Ainsworth and family | Australia | ex-Aristocrat Leisure; Gaming; manufacturing | 17 |
5.22
|
| 20 |
5.69 |
James Packer | Australia | ex-Crown Resorts; ex-Consolidated Media Holdings | 18 |
4.95
|
| 21 |
5.69 |
Lindsay Fox | Australia | Linfox; property | 23 |
4.35
|
| 22 |
5.04 |
Angela Bennett | Australia | Mining | 20 |
4.63
|
| 23 |
4.88 |
Jack Cowin | Australia | Competitive Foods Australia; investment | 22 |
4.36
|
| 24 |
4.72 |
Solomon Lew | Australia | Premier Investments; retail | 25 |
3.97
|
| 25 |
4.62 |
Morry Fraid, Zac Fried and family | Australia | Retail; property | 26 |
3.95
|
| 26 |
4.51 |
Ed Craven | Australia | Gaming | 35 |
3.11
|
| 27 |
4.32 |
Greg Goodman and family | Australia | Goodman Group; property | 30 |
3.71
|
| 28 |
4.20 |
Chau Chak Wing | Australia | Property; investments | 21 |
4.43
|
| 29 |
4.13 |
Alexandra Burt and Leonie Baldock | Australia | Resources | 29 |
3.85
|
| 30 |
4.09 |
Terry Snow and family | Australia | Capital Airport Group; property | 29 |
3.90
|
| 31 |
3.97 |
Kie Chie Wong and family | Malaysia | Investor; resources | 39 |
2.78
|
| 32 |
3.92 |
Jack Gance and Sam Gance | Australia | Chemist Warehouse; retail | 51 |
2.38
|
| 33 |
3.83 |
Michael Heine and family | Australia | Financial services | 42 |
2.67
|
| 34 |
3.75 |
Laurence Escalante | Australia | Gaming | 27 |
3.90
|
| 35 |
3.75 |
Lachlan Murdoch | United States United Kingdom Australia[10] |
Media | 33 |
3.35
|
| 36 |
3.60 |
Brett Blundy | Australia | Retail; property; agriculture | 34 |
3.33
|
| 37 |
3.42 |
Michael Hodgson | Australia | Property | 31 |
3.50
|
| 38 |
3.39 |
Gerry Harvey and Katie Page | Australia | Harvey Norman | 37 |
2.91
|
| 39 |
3.38 |
Mario Verrocchi | Australia | Chemist Warehouse | 52 |
2.35
|
| 40 |
3.35 |
Hui Wing Mau | China Australia[11] |
Shimao Property | 19 |
4.90
|
| 41 |
3.33 |
Sam Kennard and family | Australia | Kennards Self Storage | 43 |
2.63
|
| 42 |
3.19 |
Prudence MacLeod | Australia | News Corporation and News UK | 45 |
2.57
|
| 43 |
2.98 |
Stephen, Richard and Michael Hains and family | Australia | Investment | 38 |
2.90
|
| 44 |
2.92 |
John Van Lieshout | Australia | Retail | 41 |
2.72
|
| 45 |
2.89 |
Anthony Hall | Australia | Pro Medicus; Technology | 75 |
1.85
|
| 46 |
2.88 |
Betty Klimenko, Monica Weinberg-Saunders and family | Australia | ex-Westfield Group Property | 40 |
2.76
|
| 47 |
2.71 |
Gary Tieck, Paul Tieck and family | Australia | ex-Franklins; Property; investment | 64 |
2.02
|
| 48 |
2.71 |
Andrew Budzinski | Australia | IC Markets; financial services | 32 |
3.42
|
| 49 |
2.68 |
Bob Ell | Australia | Property | 48 |
2.43
|
| 50 |
2.67 |
John Hancock | Australia | Hancock Prospecting | 47 |
2.44
|
| 51 |
2.66 |
Bianca Rinehart | Australia | Hancock Prospecting | 49 |
2.42
|
| 52 |
2.65 |
Ginia Rinehart | Australia | Hancock Prospecting | 46 |
2.47
|
| 53 |
2.65 |
Hope Rinehart Welker | Australia | Hancock Prospecting | 50 |
2.20
|
| 54 |
2.64 |
Sam Alter and family [note 3] | Australia | Retail | 44 |
2.60
|
| 55 |
2.61 |
Sam Arnaout | Australia | Hospitality; property | 57 |
2.23
|
| 56 |
2.55 |
David and Vicky Teoh | Australia | ex-TPG; Telecommunications | 82 |
1.70
|
| 57 |
2.51 |
Tony Perich and family | Australia | Agriculture; property; So Natural, Narellan Town Centre | 36 |
3.06
|
| 58 |
2.50 |
Chris Thomas | Australia | Agriculture | 54 |
2.27
|
| 59 |
2.43 |
Nigel Austin | Australia | Cotton On Group; retail | 65 |
2.00
|
| 60 |
2.36 |
Nick Politis | Australia | Retail; property | 58 |
2.14
|
| 61 |
2.29 |
John Casella and family | Australia | Agriculture; Casella Family Brands | 67 |
1.97
|
| 62 |
2.27 |
Tim Heath | Australia | Technology; gaming | n/a | not listed |
| 63 |
2.25 |
Paul Little | Australia | Toll Holdings | 76 |
1.83
|
Removed from the 2024 list
[edit] |
The following individuals, who appeared on the Financial Review Rich List 2023, did not appear on the 2024 list:
Notes
[edit]- ^1 : Individual was listed on a previous year's list, that was not the 2023 Rich List.[12]
- ^2 : Previous years' listing was in the name of Lang Walker. Walker died on 27 January 2024.[13]
- ^3 : Previous years' listings was in the name of Maurice Alter. Alter died on 13 April 2018.
See also
[edit]References
[edit]- ^ a b c d Redrup, Yolanda; Bailey, Michael (30 May 2024). "Australia's wealthiest 200 now control $625b". Australian Financial Review. Nine Publishing. Retrieved 4 June 2024.
- ^ a b Kruger, Colin (30 October 2020). "What crisis? Red dirt billionaires still rule the rich list". Sydney Morning Herald. Retrieved 31 October 2020.
- ^ Jackson, Sally (23 May 2012). "The $29.17 billion woman: Gina Rinehart tops BRW's Rich List". The Australian. Archived from the original on 8 June 2014. Retrieved 23 May 2012.
- ^ Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". News.com.au. Australia. Australian Associated Press. Retrieved 27 July 2011.
- ^ "BRW Rich 200 2011 Wealth Index". BRW. Australia. 25 May 2011. Archived from the original on 28 September 2011. Retrieved 27 July 2011.
- ^ Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Australian Financial Review. Australia. Retrieved 7 June 2016.
- ^ Ong, Thuy (26 May 2016). "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. Australia. Retrieved 7 October 2019.
- ^ Wen, Philip (26 May 2011). "Mystery billionaire emerges from corporate shadows". Executive Style. Australia. Archived from the original on 9 October 2019. Retrieved 8 October 2019.
- ^ Glasenberg, Ivan (5 May 2013). "Letztlich macht es keine Differenz, ob Ihr Vermögen eine Milliarde beträgt oder sechs". SonntagsZeitung (Interview) (in German). Interviewed by Martin Spieler. Archived from the original on 6 May 2013. Retrieved 30 September 2019.
- ^ Jukes, Peter (2012). The Fall of the House of Murdoch: Fourteen Days That Ended a Media Dynasty. London: Unbound. ISBN 978-1-908717-43-6.
- ^ Chancellor, Jonathan (22 May 2013). "Billionaire property developer Hui Wing Mau the highest debutant on BRW Rich List". SmartCompany. Archived from the original on 26 July 2014. Retrieved 17 July 2014.
- ^ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
- ^ Ibrahim, Tony (28 January 2024). "Billionaire property developer and businessman Lang Walker dies". ABC News. Australian Broadcasting Corporation. Retrieved 28 January 2024.