$213 Billion & Counting: The 50 Richest Australians Right Now (According To Forbes)

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.

1. Gina Rinehart (Metals & Mining) – $30.6 billion
2. Andrew Forrest (Metals & Mining) – $21.7 billion
3. Harry Triguboff (Real Estate) – $15.5 billion
4. Bianca Rinehart & Siblings (Metals & Mining) – $12.5 billion
5. Anthony Pratt (Manufacturing) – $11.6 billion
6. Mike Cannon-Brookes (Technology) – $10.8 billion
7. Scott Farquhar (Technology) – $10.6 billion
8. Cliff Obrecht & Melanie Perkins (Technology) – $7.2 billion
9. Frank Lowy (Finance & Investments) – $6 billion
10. Richard White (Technology) – $5.4 billion
11. John, Alan, & Bruce Wilson (Fashion & Retail) – $5.1 billion
12. Kerry Stokes (Diversified) – $4.2 billion
13. John Gandel (Real Estate) – $3.5 billion
14. Lindsay Fox (Logistics) – $3.4 billion
15. Jack Cowin (Food & Beverage) – $3.35 billion
16. Michael Hintze (Finance & Investments) – $3.2 billion
17. James Packer (Finance & Investments) – $2.8 billion
18. Lang Walker (Real Estate) – $2.7 billion
19. Fiona Geminder (Manufacturing) – $2.6 billion
20. Brett Blundy (Fashion & Retail) – $2.45 billion
21. Solomon Lew (Fashion & Retail) – $2.3 billion
22. Bob Ell (Real Estate)- $2.25 billion
23. Len Ainsworth & Family (Gambling & Casinos) – $2.2 billion
24. Heloise Pratt (Manufacturing) – $2.15 billion
25. Clive Palmer (Metals & Mining) – $2.1 billion
26. Gerry Harvey (Fashion & Retail) – $2.05 billion
27. Kie Chie Wong (Metals & Mining) – $2 billion
28. Hains Family (Finance & Investments) – $1.95 billion
29. Cameron Adams (Technology) – $1.8 billion
30. Chris Wallin (Energy) – $1.75 billion
31. Terry Snow (Real Estate) – $1.61 billion
32. Bruce Mathieson (Real Estate) – $1.6 billion
33. Chris Ellison (Metals & Mining) – $1.59 billion
34. Angela Bennett (Metals & Mining) – $1.55 billion
35. Gretel Packer (Finance & Investments) – $1.54 billion
36. David Teoh (Telecom) – $1.53 billion
37. Nigel Austin (Fashion & Retail) – $1.5 billion
38. Tony & Ron Perich (Real Estate) – $1.42 billion
39. John Van Lieshout (Real Estate) – $1.41 billion
40. Anthony Hall (Technology) – $1.4 billion
41. Jack Gance & Family (Fashion & Retail) – $1.35 billion
42. Mario Verrocchi & Family (Fashion & Retail) – $1.34 billion
43. Sam Hupert (Technology) – $1.3 billion
44. Sam Tarascio (Real Estate) – $1.25 billion
45. Sam Kennard & Siblings (Real Estate) – $1.2 billion
46. Michael Heine (Finance & Investments) – $1.19 billion
47. Manny Stul (Manufacturing) – $1.18 billion
48. Mark Creasy (Metals & Mining) – $1.02 billion
49. Alan Rydge (Media & Entertainment) – $1 billion
50. Kerr Neilson (Finance & Investments) – $960 million