Forbes list of Australia's 50 richest people

The Forbes list of Australia's 50 richest people is a list of Australia's fifty wealthiest individuals and families, ranked by personal net worth published annually by Forbes Asia magazine. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed. The list is published annually in January in an online format and updated daily, also online.

Forbes list of
Australia's 50 richest people
List of 50 Australians, ranked in order of net worth
Publication details
PublisherForbes
PublicationForbes Asia magazine and online
Latest publicationJanuary 15, 2019
Current list details (2019)[1]
Wealthiest AustralianGina Rinehart
Net worth (1st)Decrease US$14.8 billion
Entry point (50th)Increase US$750 million
Forbes list of Australia's 50 richest people website

In 2019, the entry mark for the 50th richest individual was US$750 million. The wealthiest individual in the 2019 list was Gina Rinehart, estimated to have a personal net worth of US$14.8 billion; a US$2.6 billion decrease in her personal net worth of US$17.4 billion, as estimated by Forbes in 2018. 2019 marked the eighth time that Rinehart had headed the list.[1]

Prior to 2013, the list included the forty richest people in Australia; expanded to Australia's fifty wealthiest individuals and families in 2013.

Lists by year

Members of Australia's 50 richest people

The table below is the list compiled by Forbes Asia, comparing movement from the previous year:

Forbes Asia
Australia's 50[note a] richest
Name 2011[2][3] 2012[4] 2013[5] 2014[6] 2015[7]
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Gina Rinehart1 Increase9.00 Increase1 Steady18.00 Increase1 Steady17.00 Decrease1 Steady17.70 Increase1 Steady11.70 Decrease
Harry Triguboff5 Decrease3.40 Increase6 Decrease4.00 Increase6 Steady4.60 Increase7 Decrease4.30 Decrease2 Increase5.60 Increase
Anthony Pratt7 Increase2.70 Increase7 Decrease3.40 Increase7 Steady4.50 Increase2 Increase7.00 Increase7 Decrease3.50 Decrease
Frank Lowy4 Decrease4.30 Increase5 Decrease4.40 Increase4 Increase5.30 Increase6 Decrease4.60 Decrease3 Increase5.00 Increase
Mike Cannon-Brookesn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed25 Increase1.10 Increase
Scott Farquharn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed
Andrew Forrest2 Decrease6.90 Increase3 Decrease5.30 Decrease5 Decrease4.80 Increase5 Steady5.00 Increase10 Decrease2.10 Decrease
John Gandel6 Decrease3.30 Increase8 Decrease3.20 Decrease8 Steady3.50 Increase8 Steady3.20 Decrease6 Increase3.60 Increase
James Packer3 Steady4.40 Increase4 Decrease4.50 Increase3 Increase6.00 Increase3 Steady6.60 Increase4 Decrease4.70 Decrease
Lindsay Fox11 Decrease1.70 Increase14 Decrease1.60 Decrease14 Steady1.95 Increase11 Increase2.20 Increase9 Increase2.90 Increase
Kerry Stokes10 Increase1.90 Increase12 Decrease1.80 Decrease13 Decrease2.00 Increase16 Decrease1.60 Decrease23 Decrease1.20 Decrease
Michael Hintze15 Decrease1.40 Increase16 Decrease1.40 Steady16 Steady1.55 Increase15 Increase1.70 Increase15 Steady1.90 Increase
Wilson Family13 Decrease1.50 Decrease17 Decrease1.35 Decrease15 Decrease1.60 Increase13 Increase1.90 Increase14 Increase2.00 Increase
Lang Walker22 Increase0.95 Increase21 Increase0.95 Steady18 Increase1.20 Increase21 Decrease1.16 Decrease21 Steady1.20 Increase
Fiona Gemindern/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed12 Increase2.10 Increase
Maurice Alter32 Decrease0.70 Increase30 Increase0.78 Increase32 Decrease0.89 Increase30 Decrease0.96 Increase19 Increase1.20 Increase
David Hains9 Increase2.00 Increase11 Decrease2.00 Steady11 Steady2.30 Increase12 Decrease2.10 Decrease11 Increase2.10 Steady
Clive Palmern/anot listed29 Increase0.80 Increase31 Decrease0.90 Increase50 Decrease0.55 Decreasen/a Decreasenot listed
Heloise Waislitzn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed13 Increase2.00 Increase
Tony & Ron Perichn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed39 Increase0.75 Increase
Jack Cowinn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed29 Increase1.00 Increase
Angela Bennett12 Increase1.55 Increase9 Increase2.30 Increase30 Decrease0.90 Decrease25 Increase1.01 Increase31 Decrease0.97 Decrease
David Teohn/anot listedn/a Increasenot listed29 Increase0.91 Increase17 Increase1.50 Increase17 Steady1.60 Increase
Solomon Lew18 Decrease1.15 Increase20 Decrease1.10 Decrease19 Increase1.16 Increase26 Decrease1.00 Decrease30 Decrease0.98 Decrease
Brett Blundyn/anot listed39 Increase0.66 Increase33 Increase0.84 Increase39 Increase0.71 Decrease38 Increase0.77 Increase
Bob Elln/anot listedn/anot listed26 Increase0.96 Increase22 Increase1.10 Increase19 Increase1.20 Increase
John Van Lieshout24 Decrease0.87 Increase24 Steady0.87 Steady21 Decrease1.04 Increase28 Decrease0.97 Decrease27 Increase1.00 Increase
Gerry Harvey17 Decrease1.20 Decrease23 Decrease0.90 Decrease28 Decrease0.93 Increase20 Increase1.18 Increase18 Increase1.30 Increase
Kerr Neilson8 Decrease2.40 Increase10 Decrease2.10 Decrease9 Increase2.50 Increase10 Decrease2.90 Increase8 Increase3.00 Increase
Sam Tarascion/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed42 Increase0.71 Increase
Terry Snown/anot listedn/a Steadynot listed39 Increase0.76 Increase46 Decrease0.62 Decreasen/a Decreasenot listed
Judith Neilsonn/anot listedn/anot listedn/anot listedn/anot listedn/anot listed
Alan Rydgen/anot listedn/anot listed25 Increase0.98 Increase23 Increase1.03 Increase22 Increase1.20 Increase
Maha Sinnathambyn/anot listedn/a Steadynot listedn/a Steadynot listed42 Increase0.69 Increase40 Increase0.74 Increase
Paul Little34 Decrease0.67 Decrease35 Decrease0.71 Increase37 Increase0.78 Increase37 Steady0.72 Decrease37 Steady0.82 Increase
Len Ainsworthn/anot listedn/anot listed22 Increase1.03 Increase18 Increase1.30 Increase24 Decrease1.20 Decrease
Bruce Mathieson28 Steady0.73 Increase37 Decrease0.69 Decrease42 Decrease0.73 Increase35 Decrease0.75 Increase48 Decrease0.61 Decrease
Con Makrisn/anot listedn/anot listed47 Increase0.66 Increase45 Increase0.63 Decrease46 Decrease0.64 Increase
Russ Withers and family of the late Beverley Barlown/anot listedn/anot listedn/anot listedn/anot listedn/anot listed
Ralph Sarichn/anot listedn/anot listed44 Increase0.71 Increase44 Steady0.66 Increase44 Steady0.66 Increase
Richard Smith30 Increase0.71 Increase31 Decrease0.74 Increase35 Decrease0.79 Increase32 Decrease0.84 Decrease45 Decrease0.65 Decrease
John Kahlbetzern/anot listedn/anot listed34 Increase0.83 Increase34 Steady0.76 Decrease36 Decrease0.83 Increase
Christopher Morris33 Increase0.69 Increasen/anot listed48 Increase0.65 Increase47 Increase0.59 Decrease47 Steady0.63 Increase
^[note a] Up until 2013, the list included Australia's 40 Richest people; expanded to Australia's 50 Richest people in 2013.
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

Former members of Australia's 50 richest people

The table below is an extract from the list compiled by Forbes Asia showing individuals who were once on the list yet are not on the current list. Where appropriate, the list compares movement from previous years:

Forbes Asia
Australia's 50 Richest former members
Name 2011[2][3] 2012[4] 2013[5] 2014[6] 2015[7] 2016[8] 2017[9]
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Rank Net worth
(US$ billion)
Blair Parry-Okeden[note e]n/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed1 Increase8.88 Increasen/a Decreasenot listed
Ivan Glasenbergn/anot listed2 Increase7.20 Increase2 Steady6.70 Decrease4 Decrease6.30 Decrease5 Decrease4.40 Decreasen/a Decreasenot listedn/aSteadynot listed
Paul Salteri21 Decrease0.98 Increase22 Decrease0.94 Decrease23 Decrease1.00 Increase27 Decrease0.99 Decrease28 Decrease1.00 Increasen/a Decreasenot listedn/aSteadynot listed
Raymond Barron/anot listedn/a Steadynot listed24 Increase0.99 Increase24 Steady1.02 Increase32 Decrease0.96 Decreasen/a Decreasenot listedn/aSteadynot listed
Morry Fraidn/anot listedn/a Steadynot listed36 Increase0.79 Increase31 Decrease0.90 Increase33 Decrease0.95 Increasen/a Decreasenot listedn/aSteadynot listed
Bob Oatley[note d]25 Decrease0.85 Increase25 Steady0.86 Increase27 Decrease0.95 Increase33 Decrease0.83 Decrease34 Decrease0.91 Increasen/a Decreasenot listedn/aSteadynot listed
Greg Poche31 Decrease0.70 Steady33 Decrease0.73 Increase41 Decrease0.74 Increase38 Increase0.71 Increase43 Decrease0.68 Decreasen/a Decreasenot listedn/aSteadynot listed
Geoff Harrisn/anot listedn/a Steadynot listedn/a Steadynot listed41 Increase0.70 Increase50 Decrease0.55 Decreasen/a Decreasenot listedn/aSteadynot listed
Paul Ramsay[note b]14 Increase1.45 Increase13 Increase1.70 Increase10 Increase2.40 Increase9 Increase3.00 Increasen/a Decreasenot listedn/a Steadynot listedn/aSteadynot listed
Len Buckeridge19 Increase1.10 Increase19 Steady1.25 Increase17 Increase1.40 Increase19 Increase1.20 Decreasen/a Decreasenot listedn/a Steadynot listedn/aSteadynot listed
Mukul Garg29 Steady0.74 Increase38 Decrease0.69 Decrease42 Decrease0.74 Increase35 Decrease0.76 Increasen/a Decreasenot listedn/a Steadynot listedn/aSteadynot listed
Ian Norman[note c]37 Decrease0.64 Increasen/a Decreasenot listedn/a Steadynot listed48 Increase0.58 Increasen/a Decreasenot listedn/a Steadynot listedn/aSteadynot listed
Lloyd Williams35 Steady0.66 Increase38 Decrease0.67 Increase46 Decrease0.70 Increase49 Decrease0.57 Decreasen/a Decreasenot listedn/a Steadynot listedn/aSteadynot listed
Bruno Grollo29 Increase0.72 Increase34 Decrease0.71 Decrease40 Decrease0.74 Increasen/a Decreasenot listedn/a Steadynot listedn/a Steadynot listedn/aSteadynot listed
John Grill27 Decrease0.77 Increase28 Decrease0.80 Increase45 Decrease0.71 Decreasen/a Decreasenot listedn/a Steadynot listedn/a Steadynot listedn/aSteadynot listed
Travers Duncann/anot listedn/a Steadynot listed49 Increase0.63 Increasen/a Decreasenot listedn/a Steadynot listedn/aSteadynot listedn/aSteadynot listed
Stan Perron20 Decrease1.05 Increase15 Increase1.50 Increase12 Increase2.10 Increase14 Decrease1.80 Decrease16 Decrease1.60 Decrease17 Decrease1.54 Decrease15 Increase
Bob Ingham36 Decrease0.64 Steady32 Increase0.74 Increase20 Increase1.15 Increase29 Decrease0.97 Decrease35 Decrease0.90 Decrease34 Increase0.745 Decrease
Reg Rowen/anot listedn/a Steadynot listed43 Increase0.73 Increase43 Steady0.67 Decreasen/a Decreasenot listed Decrease39 Increase0.675 Increase
Graham Turnern/anot listedn/a Steadynot listedn/a Steadynot listed36 Increase0.72 Increase49 Decrease0.57 Decrease45 Increase0.575 Increase
Bruce Gordon26 Decrease0.79 Increase40 Decrease0.65 Decrease50 Decrease0.62 Decrease40 Increase0.70 Increase41 Decrease0.72 Increase46 Decrease0.57 Decrease
Marcus Blackmoren/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed50 Increase0.50 Increase
Tim Robertsn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed49 Increase
Chris Thomasn/anot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listedn/a Steadynot listed50 Increase
^[note b] Paul Ramsay died in May 2014, five months after the 2014 list was published.
^[note c] Ian Norman died in May 2014, five months after the 2014 list was published.
^[note d] Bob Oatley died in January 2016, seven months after the 2015 list was published.
^[note e] Blair Parry-Okeden appeared on the list of Australians by net worth in 2016 only. She is a US-citizen and, despite living in Australia,[10] is not eligible for admission on the list.

See also

References

  1. "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  2. "2010 Australia's 40 Richest". Forbes Asia. 3 March 2010. Retrieved 3 June 2012.
  3. "2011 Australia's 40 Richest". Forbes Asia. 2 February 2011. Archived from the original on 10 February 2011. Retrieved 8 February 2011.
  4. "2012 Australia's 40 Richest". Forbes Asia. 1 February 2012. Retrieved 3 June 2012.
  5. "2013 Australia's 50 Richest". Forbes Asia. 1 February 2013. Retrieved 23 May 2013.
  6. "2014 Australia's 50 Richest". Forbes Asia. January 2014. Retrieved 30 June 2014.
  7. "2015 Australia's 50 Richest". Forbes Asia. March 2015. Retrieved 10 June 2015.
  8. "2016 Australia's 50 Richest". Forbes Asia. January 2016. Retrieved 9 June 2016.
  9. "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  10. "Billionaires 2019: #153 Blair Parry-Okeden". Forbes. 2019. Retrieved 29 September 2019.
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