For Nick Andrianakos, a journey of discovery to the lucky country has led to an estimated $894m petroleum fortune built over a lifetime. A unique collection of NFTs celebrates their success. The returnees include Flight Centre founder Graham Turner. But they dont hold back when they are asked about their tips for staying fit. But he once tried to join the Army, which would have meant Australias biggest tech company may not have been born | THE LIST: Our richest 250. Palmer announced in January he was selling his Queensland Nickel refinery in Townsville for $1.5 billion to the little-known Swiss-based firm Zero Carbon Investek. Australias youngest billionaire is Melbournes 27-year-old crypto gambling magnate Edward Craven, who debuts on The List - Australias Richest 250 with an estimated $2.01bn fortune. Clearlight Investments Pty Ltd, trading as pasta company San Remo, has a manufacturing facility in Adelaide and offices and distribution centres in all main capital cities throughout Australia and New Zealand. The Fortescue billionaire chairman is richer than ever, but several other miners have also made big fortunes since March. Gold Trip wins, followed by Emissary and High Emocean; Not a good day for Macquaries quants or Chanticleer; polar blast and hail didnt deter the punters (and the politicians). Sector: Building and construction | Revenue: $1.5b | Last Years Ranking: 7. Harry Triguboff, the 89-year-old behind the Meriton apartment empire, increased his wealth by almost $4 billion to $21.25 billion. Bitcoin retreats. Venross operate as a retail and entertainment wholesaler, VR Distribution, selling merchandise including board and card games and collectibles. Buddy Technologies Limited produces data aggregation, management and control platforms for the internet of things and connected devices. Please take a moment to upgrade to the latest version. Tech unicorn Laurence Escalante, who got his first job at Hungry Jacks, is now a billionaire at just 39 thanks to the stunning success of his online game business. But who did the best? Sector: Other | Revenue: $58.9m | Last Years Ranking: 56. Sector: Infrastructure and transportation | Revenue: $115m | Last Years Ranking: 11. Follow updates here. Andrew Forrests R.M. See the full Australias Richest 250 list, Billionaire central: The top 5 richest suburbs, Meet the 30 women who have made their mark. The more established players built wealth this year. Haighs Chocolates creates Australian-made chocolates in Adelaide. WiseTechs Richard White wants to beef up Australias STEM capacity. The average age of members is 65, with 98-year-olds Len Ainsworth (Aristocrat Leisure and Ainsworth Game Technology . Theres a new Territorian among Australias wealthiest people this year as the bush makes a comeback while tech fortunes fall. Here are the current richest ten Aussies and what the AFR estimates are their net worth: Gina Rinehart with a net worth of $34.02 billion, up from $31.06 billion in 2021. Sector: Biotechnology | Revenue: Not meaningful | Last Years Ranking: 63. Leader Computers Pty Ltd is a manufacturer and distributor of information communications technology products. Yet as some make their way back, others tumble out in spectacular fashion. That has all now been paid off, and Rinehart and her partners are reaping the rewards. OZ Minerals is a copper-focused miner based in Adelaide with South Australian copper-gold mines at Prominent Hill and Carrapateena. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 73. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australia's most wealthy people, up from $470.07 billion in 2021. In 2019, the entry mark for the 50th richest individual was US$ 750 million. Unless the government gets on top of it then people are going to be awfully afraid to go into stores, says Briscoe boss. Its a similar story for another tech team. If Bevan Slatterys has big plans: to pull off what will be the largest private digital infrastructure project in Australias history. Scammers had already claimed $150k in her name, Centrelink payment boost for 227,000 Australians, Australias biggest fuel retailer 7-Eleven up for sale, 14 million jobs will be eliminated in the next five years, new report finds, Delete it immediately: Aussies warned over DHL email, Bucket list: The holiday experience you have to try before you die, Residents bizarre message to neighbours over house renovation divides internet, How much super you need to retire comfortably revealed. With fitness routines that speak to their enduring determination, veteran operators Harry Triguboff, Arthur Laundy and Bob Magid are not taking things lying down. Sector: Thoroughbred racing | Revenue: $83.5m | Last Years Ranking: unranked. You can access the latest stories from the journalists youre following here. Victoria comes in a close second with 71, then Queensland, 32, Western Australia, 21, South Australia, 5, Northern Territory, 2, and Tasmania and the ACT both have 1 each. Brian Flannery moved from surfing into mining and resort development, and now he even has his own solar train. But the tech sector was later sold off and the iron ore price rebounded. The Australian losers included Melanie Perkins and Mike Cannon-Brookes. Meet the 250 mining magnates, property kings, retail queens, manufacturing giants and technology titans in the countrys most extensive annual survey of wealth. Sector: Hospitality | Revenue: $56 million | Last Years Ranking: Unranked. Sector: Energy | Revenue: $131.6m| Last Years Ranking: 17. Cooper Energy is an energy company that discovers, develops and commercialises oil and gas in Australia. It is still one of the biggest profits for a private Australian company in recent memory, and shows how successful Rinehart has been with the huge Roy Hill mine that she had to negotiate a complex $US7.2 billion debt package to start a decade ago. Elixir Energy is a gas exploration and development company focused on exploring Mongolia for natural gas. Jonathan Hallinan, the developer behind Melbournes distinctive Shadow Play skyscraper, has died at 47 after a battle with cancer. Sector: Building and construction | Revenue: $460m | Last Years Ranking: 28. Since 1870, the family business has processed wool and traded it across the globe. Silk began with one clinic in South Australia offering a range of cosmetic services, and now has locations across the country. That accounts for much of the drop in his estimated wealth, though both he and cofounder Scott Farquhar should reap more than $1 billion each from a steady selldown of a small portion of their Atlassian shares over the year. Watch the video to see how the average Aussie plans to spend their net worth There are 13 debutants on the Rich List, 37 women and four people whove returned. The highest money-making sectors from the list are property with 70 rich listers split between property and construction. Theyre not exactly destitute, but these 12 prominent billionaires have had a cool $40bn wiped from their wealth as tech stocks and other industries suffer big falls. Image: The Australian. Daily. Ian Malouf, Australias richest garbo, has traded bins for fancy boats, but even he with his billion-dollar personal fortune has suffered bill shock at the expense of living afloat. The value of the tokens has plunged, and Warwicks wealth slides to about $470 million. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 70. Meet Laurence Escalante, the the fast car-obsessed thirtysomething now worth more than $2b is proof that videogaming does pay | THE LIST: Australias Richest 250. If anyone can defy the doom and gloom forecasts for the property sector, it is Triguboff. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: 21. Sector: Energy | Revenue: $1.5b | Last Years Ranking: 4. The business made a $450 million pre-tax profit in 2022. Woolworths reports 8pc increase in sales. Escient is an employee-owned digital and business advisory firm. Sector: Building and construction | Revenue: $83 million | Last Years Ranking: 52. She makes choices, The artisans turning Australian flora into luxe textiles, Why this CEO would like to play golf with Richard Branson, Its been like a dream: Dancer returns to the stage after two decades, Winners emerge from building sector collapses. Skilled Migrants. The Meriton managing director has featured prominently on the list of Australia's wealthiest people for years and in 2022, he's made it back. Sophie Ireland Stats Gate April 24, 2021. The property market is improving but wont return to previous heights until migration numbers improve, the billionaire says. The Rising Star Award is presented to Core Lithium, which jumped a huge 70 places from 86 last year to No. Sector: Agriculture | Revenue: $112.4m | Last Years Ranking: 54. Cannon-Brookes has made plenty of headlines for his renewable energy pursuits, all while the share price of his software firm Atlassian has fallen markedly in the past year. The total wealth held by the nation's richest 100 self-made entrepreneurs aged 40 or under has plunged 27 per cent . Atlassian shares surged for years, but have plunged in the last 12 months along with most other tech stocks. journalism, This site is protected by reCAPTCHA and the Google, Media diversity is under threat in Australia nowhere more so than in South Australia. The rise in iron ore, property and solid gains in manufacturing and the fact that tech was still well up overall has widened the gap between the top of the list and the rest. Glasenberg took out Australian citizenship when he worked at Glencores local coal division in the 1980s, though the South African-born ex-boss of the global commodities giant lives in Switzerland. The collective wealth was $479.6 billion in 2021. *combined with Cliff ObrechtThe darlings of the technology sector have fallen back to earth somewhat in the past year, with the value of their digital graphics business Canva slashed by investors by about one-third. Billionaire Alexandra Burt fell in love with the magic of ballet at five years old; now shes among our most generous arts donors. Frank Lowy - $9.27 billion. Nova Group is the umbrella entity for a series of professional services firms operating in the areas of defence, aerospace, mapping, energy and utilities, software, communications and transportation. Support independent Young Rich List wealth takes $11b hit after tech plunge. The List is the biggest annual study of Australia's 250 wealthiest individuals undertaken in this country Filter list by Manufacturing Mining Property Technology Show all Search 1 Gina Rinehart $37.1b last year $32.64b role Chairman, Hancock Prospecting 2 Andrew Forrest $35.21b last year $31.77b role Executive chairman, Fortescue Metals Group 3 Billionaire Alex Waislitz has attacked Grant Thornton for its decision to declare fair and reasonable a $107m takeover offer for listed fintech OneVue. The worlds richest people lost $2.1 trillion between them last year. Love them, hate them, or envy them, Australia's richest people have been announced for 2022 by The Australian 's The List. Ruslan Kogan isnt entirely joking when he admits his $1.5bn business is really a data analytics company masquerading as an online retailer. The companys massive rise comes on the back of the approval of its Finniss lithium mine and processing plant in the Northern Territory after signing a contract with a key supplier to electric carmaker Tesla. The vitamins groups shares slumped on flat profits as consumers hunted down the cheapest price amid tough cost pressures. Elders is an agribusiness company, operating across rural and regional Australia. For Mecca founder Jo Horgan, theres nothing so viscerally delightful as going into a store and playing with products. Andromeda Metals has been added at No.26 and NSW-based Ansarada Group (previously No. The liquidity opportunity for the unlisted companys investors comes in the wake of VGWs first regulatory challenge in its prime US market. The overall wealth of the 10 richest people represents 40 per cent of the record $554.9 billion held by this years Rich Listers. The Richest And The Poorest States Of Australia. Sector: Mining | Revenue: $1.7b | Last Years Ranking: 3. He remains Glencores biggest individual shareholder, with its rising share price accounting for his increased wealth this year. Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. November 7, 2022 by yournetworthnet. Mike Cannon-Brookes (No.3); Robyn Denholm (120); Peter Freedman (192); Gina Rinehart (1); Sam Arnaout (63); Cliff Obrecht and Melanie Perkins (8). At a time when fighting climate change is more urgent than ever our region is at just 25 per cent readiness for energy transition, one of the lowest globally and second only to Latin America at 22 per cent. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Sector: Building and construction | Revenue: $84m | Last Years Ranking: 58. While companies dont have to nominate to be included in the list, which is based on market capitalisation, local businesses are encouraged to put their names forward. GPA Engineering is a multidisciplinary engineering and management firm. Business was different in those days, he says. The billionaire Fortescue chairman will pour big sums into his Minderoo Foundation after another big payday. Sector: Health Care | Revenue: $25.8m | Last Years Ranking: 47. Forget fast cars, super yachts or luxury houses. Sector: Information technology and equipment | Revenue: $28.7m | Last Years Ranking: 43. Australian Central Credit Union (Peoples Choice), 20. S&P 500 dips. Rineharts Hancock Prospecting delivered another huge profit for 2022, a $5.8 billion net result, though it was less than the record the iron ore miner produced in 2021. The popular veteran stockpicker will take a carrot and stick approach to the LICs he has targeted that are trading below their asset value. Gina Rineharts Hancock Prospecting has outlined growth plans in energy, agriculture and so-called green minerals after posting a $5.8 billion profit driven by iron ore mining. He is now back as FMGs executive chairman to try to fulfil that green energy dream. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. Rinehart No1 as pizzas also deliver a packet, Economy dire for 12-18 months: pub baron, Property doyen Kevin Seymour parks opinion, Gurner warns of apartments shortage and COVID rental crisis, Rich-list solar farm wins federal support, Up $11bn, Forrest has a profitable pandemic, find out more about our policy and your choices, including how to opt-out here. The tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Please click below to help InDaily continue to uncover the facts. Clive Palmer makes more income than almost every other Australian billionaire. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. Three key trends are emerging in Australian business during COVID-19: iron ore exports, food and e-commerce. Perkins and Obrecht, who met at university and married two years ago, formed Canva in 2012 and remain at its helm. Creditors include four entities in billionaire Anthony Pratts Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron. Billionaire Clive Palmer has enlisted former attorney-general Christian Porter to his legal team as he chases a massive damages payout from Australia under international trade laws. Almondco Australia supplies premium quality almond products to the world. Forrest is FMGs biggest shareholder, having started the company in 2003 after being forced to stand down from a previous role as boss of Anaconda. He has built the biggest philanthropic foundation, Minderoo, among Australian billionaires, as well as a $5 billion investment business, Tattarang, that owns RM Williams, property and cattle interests. Queensland retail couple Tah-nee and Simon Beard fail to make the list after taking equity in US-listed AKA Brands as part of the second tranche of their sale of Culture Kings. Some of the countrys biggest property developers give a snapshot of the market now and what should be hot or not as the nation recovers from COVID-19. Some of the states richest residents have seen their net worth plummet as varying forces wreck havoc on their bottom line. Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. Major investor and chairman Charles Gibbon becomes a billionaire for the first time while fellow investor and WiseTech director Michael Gregg debuts with an estimated wealth of $648 million. Sector: Healthcare | Revenue: $13.3m | Last Years Ranking: 85. They wind down in various ways, from the sporty to the leisurely or just collecting ritzy houses. Canva founders Melanie Perkins, Cliff Obrecht and Cameron Adams collectively lost billions as a 17 per cent slide in the Nasdaq punished valuations, even for tech companies that are privately held. Codan is an Adelaide-headquartered manufacturer of metal detectors and communications equipment. The secretive Perth trio behind Wright Prospecting got a huge payday as the price of iron ore surged during 2020. At #6 Harry Triguboff, nicknamed high rise Harry has a wealth of $20.81 billion. RBA expected to hit pause. The dramatic shift from mining and property to technology to generate wealth in Australia has made Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar, and Canva's Melanie Perkins and Cliff Obrecht among the country's top 10 richest people. The company now has a $1 billion share portfolio and large cattle and agricultural holdings. Harvey Norman is flying for the billionaire, but he has had less luck with some of his other investments. Sector: Agriculture | Revenue: $39.7m | Last Years Ranking: 39. The total valuation of Australias 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list. Travel is back and so is the Flight Centre share price which, combined with the Spicers Retreats business owned with wife Judy, lifts the couples wealth to $629 million as they sneak into 200th place after a two-year hiatus. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 59. Importantly, the report reveals that wealth in Australia has surged, with a record 29 new names making the list this year, the youngest of which being Afterpay guru Nick Molnar, who at just 32-years . Hi there, welcome to your account and your subscriber benefits, The List is the biggest annual study of Australia's 250 wealthiest individuals undertaken in this country. The results have been startling. Established in 1946, Argo is South Australias leading listed investment company. Australian Vintage Limited is a leading Australian wine company with a fully-integrated wine business model including vineyards, boutique and bulk wine production, packaging, marketing and distribution.
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