The total wealth on the 2022 list is a combined $520.20 billion, in 2021 it was $470.07 billion. The last 250 years shows us that we still don't get it! The next most lucrative sector was technology, with around 12 per cent. Gina Rinehart tops Australia's richest while Clive Palmer doubles his wealth, Canva creator Melanie Perkins cracks the top 10 and all 250 on the list grow their fortunes by $50BILLION in just a year But there are others also making big money in fashion. The List is the biggest annual study of Australia's 250 wealthiest individuals undertaken in this country, with final wealth figures calculated in late February 2022. He used to work at Hungry Jacks. Valuations of private companies are typically determined using profit margins and price-earnings ratios of comparable publicly listed competitors. Weve all seen Succession. Tech darling and founder of online graphic design software Canva, Melanie Perkins is the ninth richest Australian.Perkins dropped out of university at age 19 to pursue her business dreams, and is one of the youngest female CEOs of a tech start-up valued over $1 billion (also known as "unicorns"). Australia's richest person, and where they rank among the world's wealthiest. Four out of the top 10 billionaires made their money in mining. Meet the little-known powerhouses, including one worth $1bn, who made The Richest 250 for the first time. Secretive fund manager buys into Warner Music and increases the short positions of its flagship fund by 20pc. Recognised professional in the Auckland real estate market for 30 years, PROUD TO SUPPORT MANAWATU RUGBY 500 CLUB SPONSORS, We dont roast our beans until we have your order, What will happen to Hawkes Bay house prices | WATCH, Warning to dodgy Aussie real estate agents. Bennett is one of a record 39 women 18 per cent of the 220 people on the list (it includes several couples). Across the board, the richest Australians managed to traverse the Delta and Omicron variant threat, capitalising on the iron ore boom that saw mining magnates Clive Palmer and Andrew Forrest swell their net worths enormously last year. See the new rankings. To get to this position took a drive that was all-consuming. Australian retail phenomenon Culture Kings is about to launch its biggest play, with its 30-something founders taking on the US market. The 89-year old found success providing higher-density living options in Sydney, which had been traditionally dominated by freestanding houses. Its not all work for the big players on The List: The Richest 250. Gina Rinehart (AUD$32.64 Billion) After an incredible year in 2020 that saw her grow her personal wealth by an astonishing 123 per cent, Hancock Prospecting chairman Gina Rinehart has followed it up. Foreign Affairs Minister Penny Wong had some stern words for China over any role it might play in the war in Ukraine. Visy paid $733m for Australias biggest beer bottle maker and will spend $500m more to make lighter, cheaper bottles. PROPERTY has dominated the 2022 edition of The Australian 's The List of Australia's 250 wealthiest people, with Meriton boss Harry Triguboff coming in sixth place with a fortune of $20.81 billion. The List also features Atlassian founder Mike Cannon-Brookes at number four with $9.01billion, Frank Lowy at number six with $8.92billion and mining magnate Andrew Twiggy Forrest at number eight with $7.34billion. That's the finding of The List: Australia's Richest 250, a compilation of the nation's wealthiest people compiled and published in The Australian. Andrew Forrest $31.77 billion 3. A sector thats considerably less accessible to the average punter than property. @media (max-width:767px){@media (max-width:767px){.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE ul{margin-right:-1rem;}}}/*!sc*/ Clive Palmer $18.35 billion 8. Mike Cannon-Brookes is the other co-founder of Atlassian and Australia's fourth richest person. 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. .dkDJIp{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;-webkit-box-pack:start;-webkit-justify-content:flex-start;-ms-flex-pack:start;justify-content:flex-start;-webkit-align-items:stretch;-webkit-box-align:stretch;-ms-flex-align:stretch;align-items:stretch;padding:0;}/*!sc*/ Where indicated, third parties have written and supplied the content and we are not responsible for it. data-styled.g601[id="styles__Top5VideoTitle-sc-6t66k5-3"]{content:"gPAVgb,"}/*!sc*/ The perfect time to enter the property market was early last year when everyone was scared off by COVID. .bTWqPM.bTWqPM{list-style:none;display:block;-webkit-column-fill:auto;-webkit-column-fill:auto;column-fill:auto;-webkit-column-count:4;column-count:4;height:100px;display:block;overflow-x:hidden;}/*!sc*/ There is nothing I wouldnt sacrifice, he says. Crikey is an independent Australian source for news, investigations, analysis and opinion focusing on politics, media, economics, health, international affairs, the climate, business, society and culture. Public shareholdings are calculated on share prices up to mid-February 2022, and property values and purchase prices have been derived from several public sources. The top 10 on The List are wealthier than ever before, led by two of the countrys most successful businesswomen who have changed the face of corporate Australia. A unique collection of NFTs celebrates their success. He also owns mens suiting business The Cloakroom, which has boutiques in Melbourne, Brisbane and Tokyo and is about to open another on the top floor of BPMs Shadow Play development in Melbourne, alongside a bar. Tania Austin, the owner of Decjuba, is one of the most impressive new names on The List - Australia's Richest 250 this year. Please login to engage in the commentary. The average wealth on the list is $2.08 billion with 131 billionaires on the list, last year the average wealth was $1.88 billion. Mike Cannon-Brookes $26.20 billion 5. But how he chooses to spend it is unique. Harry Triguboff is sixth on the list with $20.81 billion in assets, while Clive Palmer came in at number seven, nearly doubling his wealth for a second year in a row valued at $18.35 billion. James Packer got a $100m parting gift from brother Lawrence Ho as the Hong Kong magnate walked away from Crown. .fVFFaP.fVFFaP li{display:list-item;}/*!sc*/ This fact was buried deep on page 82 of the paper's glossy magazine insert, The List. Billionaire mining magnate Gina Rinehart tops this year's edition of The List - Australia's Richest 250, ahead of notable business identities including Andrew Forrest, Mike Cannon-Brookes, Anthony Pratt and Clive Palmer. The average fortune of Australias 250 richest people is $1.27 billion, and their combined wealth equals almost $320billion. The List: Australias Richest 250 has this year risen to a total wealth of $520.20 billion, at an average of $2.08 billion for each of the 250 members. Become a subscriber to get full access to the website, as well as our premium newsletters. is the biggest annual study of Australias 250 wealthiest individuals undertaken in this country, with final wealth figures calculated in mid-February 2022. and a team of researchers and journalists. The Australian is also releasing a collection of non-fungible token (NFT) artworks. If you want to get outrageously rich in Australia, you'll have the best chance by becoming a tech entrepreneur or owning a mining conglomerate. He is based in Sydney. They are calculated using publicly available data and confidential consultation with the list members. After an incredible year in 2020 that saw her grow her personal wealth by an astonishing 123 per cent, Hancock Prospecting chairman Gina Rinehart has followed it up. Compiled by media publicationThe Australian, the Richest 250 list shines a light on how the other half lives. data-styled.g520[id="style__SEODisclaimerText-sc-1j6h7ak-2"]{content:"cfSGoo,"}/*!sc*/ Mr Hallinan says balance is not possible if you want to become an Olympic athlete. Yasser Shahin and Dr Sam Shahin. The property tycoon had his first job aged 10 selling newspapers on the streets of the Melbourne suburb of Glen Waverley, where he grew up. Design & Development By CRETECHBD. Two things Richest 250 members have in common, Rinehart tops Richest 250, Canvas Perkins the big mover, The Australian brings you the countrys richest as NFTs, Simple lessons in David Dickers 25-year overnight success, Cars and politics fuel Clive Palmers passion play, High flyers: Private jets the new toy of choice, Richest 250 recast: Young tech stars topple old guard, Helping other tech unicorns find their feet, Packer $400m richer by lunch, but sliding down Richest 250 list, How our biggest names thrived during the pandemic, Millionaires secret to picking right stocks. A select group of Australian billionaires had a very good pandemic indeed. Billionaire investor Alex Waislitz has up to six unlisted companies in his portfolio that he believes are headed to public markets. With at least 80 of the hotels he jointly owns shut in Victoria, Bruce Mathieson says its the worst times hes seen. Visy chief Anthony Pratt managed to rise up the ranks this year, leap-frogging perennial rich listers Mike Cannon-Brookes and Scott Farquhar into third place. Roundup: Foxtel to pay back workers + Southern Cross selling TV assets. Anthony Pratt & family $27.77 billion 4. 2015, PROPERTY NEWS AGGREGATION | are()n/, If you have any news for the Real Estate industry - whether you are a professional or a supplier to the industry, please email us: info@propertynoise.co.nz. Three key trends are emerging in Australian business during COVID-19: iron ore exports, food and e-commerce. Copyright 2021. Harry Triguboff $20.81 billion 7. In fact, looking atThe Australiansrecently unveiledRichest 250 List, youd be forgiven for thinking 2021 was the year thattechnologycompanies and mining giants took over. John Gandel $5.05 billion 17. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. Throw in 2020s reportedAUD$1 billion transactionthat added $2 billion to Visys $9 billion valuation and youve got a pretty handy bump in cash. It might be worth doing a search of the list to see if any familiar names crop up? Forget fast cars, super yachts or luxury houses. The List: Australia's Richest 250 2022 Top 20 1. For Nick Andrianakos, a journey of discovery to the lucky country has led to an estimated $894m petroleum fortune built over a lifetime. South-African born mining chief Ivan Glasenberg is the tenth richest person in the country and the largest individual stakeholder in Glencore, the world's biggest commodity trader.Although he lives in Switzerland, Glasenberg has or had held citizenship in both Australia and South Africa. Jack Cowin $4.82 billion 19. It doesnt surprise Your Empire founder Chris Gray, in the slighest. A report by Oxfam in January found that Australia's richest 1 percent own 22.2 percent of all Australia's wealth and have more than double the wealth of the bottom 50 percent of the. Mike Cannon-Brookes $26.20 billion 5. Nick Politis - $2.12b Proud Kytherian, Nick Politis AM, is a prominent businessman and Chairman of Sydney-based NRL team, Sydney Roosters. Unless the government gets on top of it then people are going to be awfully afraid to go into stores, says Briscoe boss. He is the founder and managing director of Meriton. Chairman Perry Gunner declares the healthfoods company is experiencing not its finest hour. She has also illustrated several childrens books. We aggregate real estate news and property news so you have one place to visit for all your property news. This year, the proud Aussie managed to swell his personal wealth by 7%, however, he did almost everything he could to drop off. Hes setting up a new technology education foundation to get the ball rolling. Hotel baron Chris Morris says restrictions mean it isnt worthwhile to open some of the Victorias most famous pubs. We simply refer/ link you to their sites and we make no claim to their material. @media (max-width:1024px){.juvbvE.juvbvE{display:block;}.juvbvE.juvbvE > *:not(:last-child){margin:0 0 24px 0;}.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE.juvbvE ul{margin-right:0;}}/*!sc*/ We recognise that their sovereignty has never been ceded. has been compiled using publicly available information. So who has bought one? Dont try to time the market, says Gray. Their fortunes passed $20 billion for the first time as the remote-work revolution pushed their paying customer base above 200,000.