THE NEW. RETRO. MODERN.

Gina Rinehart tops Australia's richest list once again

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The 2015 BRW Rich 200 list is out today and the results are not-so-surprising even in the current topsy-turvy economic environment.

Gina Rinehart remains the richest Australian – topping the 2015 BRW Rich 200 list. This is the 5th consecutive year in which Rinehart tops the list, although her overall wealth falls by $5.99 billion to just over $14 billion.

Second on the list is Anthony Pratt and family, and third is Sydney apartment developer Harry Triguboff, both of whose wealth broke beyond the $10 billion mark for the first time.

Fourth-ranked is Frank Lowy whose Westfield-focused wealth has grown by $700 million after major restructure of his shopping centres was backed by the sharemarket in the past year.

Hong-Kong based billionaire Hui Wing Mau rounds out the top five. His Shimao Property Holdings has extensive projects in China and also holds Sydney CBD office property.

Property remains the dominant sector. Of the 200 people on the list, 53 make most of their money in the property sector.

There are 19 new names on the list this year, and 10 new billionaires.

The highest ranked debutants are Leonie Baldock and Alexandra Burt (#22 and #23) with combined wealth of $1.7 billion. Baldock and Burt are the daughters of deceased Michael Wright, the son of prospector Peter Wright – one-time business partner of Lang Hancock, Gina Rinehart’s father.

Another notable debutant is Tony Denny (#179), who debuts with $320 million wealth. Denny left Australia after the 1987 stockmarket crash and has made his fortune selling used cars in central Europe with his AAA Autos business.

Despite the recent economic crisis and perhaps due to the natural effects of inflation, the total wealth of the BRW Rich 200 list went up $16.81 billion to $193.61 billion, while the average wealth per person on the BRW Rich 200 list rises to $974 million, up from $968 million last year.

Financial crisis? What financial crisis?  Antonino Tati

 

For the full list, visit www.brw.com.au.

 

 

Top 5

Name Wealth ($m) Industry
Gina Rinehart $14,018 Resources
Anthony Pratt & family $10,759 Manufacturing, Investment
Harry Triguboff $10,228 Property
Frank Lowy $7,837 Property, Investment
Hui Wing Mau $6,890 Property

 

States

List Members by State Number
Victoria 63
NSW 61
Queensland 26
Western Australia 21
Overseas 21
South Australia 5
Tasmania 2
Australian Capital Territory 1

 

Industries – Top 5

Industry Number
Property 53
Retail 26
Financial Services 18
Resources 18
Rural 12
Technology 12

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