Over the past half-decade, Aussie rich lists outside of AFR’s under-30 roundup have seldom offered anything surprising in the way of names and industries. Still, it’s always worth consolidating the standings, which is why Forbes has once again chosen to spotlight the Top 50 richest Australians for 2023.
In the post-pandemic boom, the combined wealth of our country’s 50 richest individuals have swelled to a considerable $213 billion – 70% more than when this list’s last edition was published back in 2019.
“Miners continue to dominate the top ranks despite several years of tech tycoons nipping at their heels,” explained Naazneen Karmali and Nicole Lindsay of Forbes.
“Amid fluctuating iron ore prices, Gina Rinehart maintains her position as the country’s richest person with a $30.6 billion fortune.”
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At #2, you’ll find Fortescue mining magnate and custodian of R.M. Williams, Dr Andrew “Twiggy” Forrest, who’s currently has an estimated fortune of $21.7 billion.”
Rounding out the Top 5 are the usual suspects in sequence: property developer Harry Triguboff ($15.5 billion), Bianca Rinehart and her siblings ($12.5 billion), followed by Visy Industries’ Anthony Pratt ($11.6 billion).
Just outside in #6 and #7 are Atlassian co-founder Mike Cannon-Brookes ($10.8 billion) and Scott Farquhar ($10.6 billion), respectively, who’ve slipped a touch after what can only be described as a rough year for tech companies and tech stocks across the board.
Check out the 50 richest Australians as ranked by Forbes below.
The 50 Richest Australians In 2023 (According To Forbes)
Methodology
This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports and analysts. The ranking lists both individual and family fortunes, including those shared among relatives. Private companies were valued based on similar companies that are publicly traded. Public fortunes were calculated based on stock prices and exchange rates as of January 27, 2023, and adjustments may have been made for some stocks that are thinly traded or have a low public float. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.
- Gina Rinehart (Metals & Mining) – $30.6 billion
- Andrew Forrest (Metals & Mining) – $21.7 billion
- Harry Triguboff (Real Estate) – $15.5 billion
- Bianca Rinehart & Siblings (Metals & Mining) – $12.5 billion
- Anthony Pratt (Manufacturing) – $11.6 billion
- Mike Cannon-Brookes (Technology) – $10.8 billion
- Scott Farquhar (Technology) – $10.6 billion
- Cliff Obrecht & Melanie Perkins (Technology) – $7.2 billion
- Frank Lowy (Finance & Investments) – $6 billion
- Richard White (Technology) – $5.4 billion
- John, Alan, & Bruce Wilson (Fashion & Retail) – $5.1 billion
- Kerry Stokes (Diversified) – $4.2 billion
- John Gandel (Real Estate) – $3.5 billion
- Lindsay Fox (Logistics) – $3.4 billion
- Jack Cowin (Food & Beverage) – $3.35 billion
- Michael Hintze (Finance & Investments) – $3.2 billion
- James Packer (Finance & Investments) – $2.8 billion
- Lang Walker (Real Estate) – $2.7 billion
- Fiona Geminder (Manufacturing) – $2.6 billion
- Brett Blundy (Fashion & Retail) – $2.45 billion
- Solomon Lew (Fashion & Retail) – $2.3 billion
- Bob Ell (Real Estate)- $2.25 billion
- Len Ainsworth & Family (Gambling & Casinos) – $2.2 billion
- Heloise Pratt (Manufacturing) – $2.15 billion
- Clive Palmer (Metals & Mining) – $2.1 billion
- Gerry Harvey (Fashion & Retail) – $2.05 billion
- Kie Chie Wong (Metals & Mining) – $2 billion
- Hains Family (Finance & Investments) – $1.95 billion
- Cameron Adams (Technology) – $1.8 billion
- Chris Wallin (Energy) – $1.75 billion
- Terry Snow (Real Estate) – $1.61 billion
- Bruce Mathieson (Real Estate) – $1.6 billion
- Chris Ellison (Metals & Mining) – $1.59 billion
- Angela Bennett (Metals & Mining) – $1.55 billion
- Gretel Packer (Finance & Investments) – $1.54 billion
- David Teoh (Telecom) – $1.53 billion
- Nigel Austin (Fashion & Retail) – $1.5 billion
- Tony & Ron Perich (Real Estate) – $1.42 billion
- John Van Lieshout (Real Estate) – $1.41 billion
- Anthony Hall (Technology) – $1.4 billion
- Jack Gance & Family (Fashion & Retail) – $1.35 billion
- Mario Verrocchi & Family (Fashion & Retail) – $1.34 billion
- Sam Hupert (Technology) – $1.3 billion
- Sam Tarascio (Real Estate) – $1.25 billion
- Sam Kennard & Siblings (Real Estate) – $1.2 billion
- Michael Heine (Finance & Investments) – $1.19 billion
- Manny Stul (Manufacturing) – $1.18 billion
- Mark Creasy (Metals & Mining) – $1.02 billion
- Alan Rydge (Media & Entertainment) – $1 billion
- Kerr Neilson (Finance & Investments) – $960 million