Richest People in Australia- Thanks for joining us today; our discussion in this article today is related to Australia. Australia is home to some of the billionaires in the world most of which may not be familiar like others but we cannot deny the fact that these people are the most cashed up people in Australia. These people are not influencers of any sort which seems to be the happening trend among billionaires recently but they still manage to stamp their name and persona among the richest especially So, journey with us as we unveil the Richest People in Australia.
TOP 10 RICHEST PEOPLE IN AUSTRALIA 2020
Australia is known for its beautiful landscape and diverse culture with unique wildlife, but that is not our focus today as we are concerned with the rich people in this country. With all that been said, let us take a quick preview at the richest persons in Australia currently.
- Gina Rinehart
- Harry Triguboff
- Anthony Pratt
- Frank Lowy
- Scott Farquhar
- Mike Cannon-Brookes
- Andrew Forrest
- John Gandel
- James Packer
- Lindsay Fox
Richest People in Australia
- #1. Gina Rinehart
- Net Worth: $14.8 Billion
- Source of Wealth: Mining
Sitting atop our list of Richest People in Australia still remains Gina Rinehart, the richest person in Australia. Who say women do not have a lot to offer, Rinehart just defile all odds in what is called a man’s world. Her huge income is generated from mining specifically iron ore. Nonetheless, she is involved in a longtime court case with two of her children and Wright Prospecting which a high court in 2019 stipulated that it can be settled amicable. The mining magnate makes a bulk of her wealth from the Roy Hill mining project, which began shipments to Asia in 2015. Aside from iron-ore production, she is also into cattle production and is presently the third largest cattle producer in the country.
- #2. Harry Triguboff
- Net Worth: $9 Billion
- Source of Wealth: Real Estate
Harry Triguboff whom is one of the Richest People in the World been a billionaire is not left out on our list occupying the second spot. Triguboff migrated to Australia as a teenager from China and has since then put his muscles and brains to work and now ranked among one of the richest people in the country. He is making honest living as a Real Estate mogul providing higher-density living options in Sydney, the largest city in Australia. He has been involved in more than 75,000 apartments. His company enjoys strong demand and continues to appreciate raking in more money, thanks to the buoyant Sydney market.
- #3. Anthony Pratt
- Net Worth: $6.8 Billion
- Source of Wealth: Manufacturing
Anthony Pratt is the chairman of Visy Asia-Pacific, a packaging and recycling business also considered to be Australia’s biggest private company. The company was originally established by his grandfather in 1948 in Melbourne and when his late father came onboard, the business expanded further. Aside from chairing Visy Asia-Pacific, He also owns Atlanta’s Pratt Industries, the biggest manufacturer of corrugated cardboard in the United States.
- #4. Frank Lowy
- Net Worth: $6.5 Billion
- Source of Wealth: Shopping Malls
Taking us further in our discourse on the Richest People in Australia is one of the largest shopping mall businessmen in the world, Frank Lowy. He took his first step to success when he opened his first shopping centre in Sydney in 1959. Today, the Lowy’s main business expanded rigorously with branches present in New York, Los Angeles and Sydney. However, his business breakthrough is causing ruckus to his family’s business, the Lowy Family Group.
- #5. Scott Farquhar
- Net Worth: $6.4 Billion
- Source of Wealth: Software
As we continue on our quest of unveiling the money bags in Australia, we come across Scott Farquhar, a software tycoon who is also among the Richest People in the World. He and Mike Cannon-Brookes founded the Australian collaborative software company, Atlassian, based in Sydney, Australia’s largest city. Also, Farquhar is one of the founders of Pledge 1%, an organization that urges companies to donate a minimum of1% equity, employee time or products to charity. To showcase his wealth, he resides in a home reported to be one of the expensive in Australia.
- #6. Mike Cannon-Brookes
- Net Worth: $6.4 Billion
- Source of Wealth: Software
Mike Cannon-Brookes is the sixth richest person in Australia having the same net worth with Scott Farquhar whom they jointly found the Australian collaborative software company. Cannon-Brookes is highly involved in environmental sustainability as a means of giving back to his society.
He is reported to work with Elon musk and been an advocate for reducing the reliance and high use of fossil fuels and embrace renewable energy sources in Australia. With a net worth estimated to be around $6 billion, Mike s currently one of the Richest People in the World. Mike and Farquhar are reported to own the second most expensive homes in Australia, respectively.
Presently Atlassian is patronized by high profile companies including NASA, Tesla and SpaceX despite they do not have a sales team.
- #7. Andrew Forrest
- Net Worth: $4.3 Billion
- Source of Wealth: Mining
As we continue in our quest to provide you with the Richest People in Australia, the next billionaire on our list is Andrew Forrest, who was one time the richest person in the country.
Forrest started his first mining company, Minara Resources (formerly Anaconda Nickel) in 1994. He founded Fortescue Metals Group, which mines and ships iron ore to China Nine years later. He is now venturing into farming to capitalize on China’s increasing demand for meat and dairy products.
Forrest is considered as Australia’s biggest philanthropist ever, donating $400 million, to areas such as cancer research in 2017.
- #8. John Gandel
- Net Worth: $4 Billion
- Source of Wealth: Shopping Mall
John Gandel is not left out among the richest persons in Australia coming in at the eight spot considered one of the Richest People in the World with a net worth of $4 Billion. Gandel also makes a lion share of his earnings from shopping mall. His first step to become a wealthy man was his action in expanding his parents’ clothing chain for women, Sussan. The clothing line is presently owned by his niece, Naomi Milgrom. However, his wealth boomed in 1980s when he bought the shopping mall from Myer department stores for a $37 million. Presently, he owns half of the slargest shopping mall, Chadstone, housing over 500 stores in the southern hemisphere, in eastern Melbourne.
- #9. James Packer
- Net Worth: $3.6 Billion
- Source of Wealth: Casinos
James Packer brings us to a near ending in our count down coming in at the ninth spot with a net worth of over $3 billion making him one of the Richest People in the World. Packer owns the highest share of Crown Resorts, which owns casinos in Australia and London. Also, he was the executive chairman of his late father’s company. However in 2018, Packer resigned from Crown Resorts’ board, and four months later he took the same action by resigning from the family business.
His resignation is believed to be associated due to his battle with mental health issues.
- #10. Lindsay Fox
- Net Worth: $3.5 Billion
- Source of Wealth: Logistics, Real Estate
Lindsay Fox brings us to the end of our discussion occupying the tenth spot on our list of Richest People in Australia. Fox is the creator and owner of Linfox, considered to be the largest private logistic companies in Australia. The company has more than 5,000 tracks across 12 countries in Asia Pacific. More so, the company owns the large industrial property portfolio, a half-share in a business park, two airports and currency-management outfit Armaguard.
Fox is no longer involved in the company’s daily operations. The company is overseen by his son, Peter who is acting as the Executive Chairman and in charge of the logistic business.
Conclusion on Top 10 Richest People in Australia 2020
We have come to the conclusion of our discussion and we hope you enjoy it. These people have consistently remained on the list for a while with only a few changes. Although it may not be what you are expecting, the fact still remain that these are the top money bags in this country. perhaps in the review of this article we might see some new faces on the list with some knock off.
We will like to hear your thought about this article by giving us a feedback.
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