That has all now been paid off, and Rinehart and her partners are reaping the rewards. Sector: Building and construction | Revenue: $83 million | Last Years Ranking: 52. 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. *The company has changed its name to Kelsian Group since the original 2021 list was published. Gina Rinehart tops the list with a massive $32.64 billion wealth. The combined wealth of the country's 50 richest swelled to $213 billion, a hefty 70% jump from 2019 when we last published the list. See the new rankings. Guidera OConnor provides design and construction services to the Australian water industry. Please click below to help InDaily continue to uncover the facts. The secretive Perth trio behind Wright Prospecting got a huge payday as the price of iron ore surged during 2020. 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. That means it is exposed to a slowdown in apartment sales, which is happening as Triguboff gets increasingly frustrated with the slow pace of government approvals for his Sydney projects. Advertisement Support independent JournalismDonateSubscribe News News Local Champion footballer Chris Judd now considers himself a full-time investor, putting his money into dozens of small ASX-listed stocks. Leigh Creek Energy Limited is developing a coal gasification project, the Leigh Creek Energy Project, located 550km north of Adelaide. Sector: Automotive | Revenue: $163.8m | Last Years Ranking: 64. Venross operate as a retail and entertainment wholesaler, VR Distribution, selling merchandise including board and card games and collectibles. Hes building a real-life tower of power - and just like the sweaty YouTube dancer who inspires him, tech billionaire Scott Farquhar just needs enthusiastic followers to join his movement. Australias richest person has warned the nations pensioners and others on low incomes will be forced to make difficult decisions as electricity costs rise. Other retail giants include Tania Austin who owns Decjuba fashion brand with $640 million, and Simon and Tahnee Beards Culture Kings with a combined value of $503 million. Tim Gurner says developers that want to start big projects in Sydney or Melbourne are ignoring a complete systemic change. Billionaire Scott Farquhar is worth $21.95bn. Sector: Infrastructure and transportation | Revenue: $240m | Last Years Ranking: 9. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. With at least 80 of the hotels he jointly owns shut in Victoria, Bruce Mathieson says its the worst times hes seen. Perkins and Obrecht, who are married, occupy eighth place with a combined wealth of $13.8 billion. The Standout Large Employer Award was won by Peregrine Corporation, the operator of the states network of On the Run service stations. Has Aussie billionaire created the next tech unicorn? Sector: Healthcare | Revenue: $13.3m | Last Years Ranking: 85. Australias youngest business leaders are making big money from cryptocurrency gambling, non-fungible-tokens, power tools and selling mortgages. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 23, Drakes Supermarkets is the largest independent grocery retailer in Australia, Sector: Food and beverage | Revenue: $280m | Last Years Ranking: 22. The spectacular success of Gina Rineharts Roy Hill mine has been almost 30 years in the making, with some nailbiting moments along the way | THE LIST: Australias Richest 250. The worlds richest people lost $2.1 trillion between them last year. For Mecca founder Jo Horgan, theres nothing so viscerally delightful as going into a store and playing with products. ASX to slip; Vanessa Hudson to lead Qantas, Top philanthropists say Yes with $17m to support Voice campaign, The high-stakes gamble at the heart of the Voice, How to barbecue pork chops like this smoking-hot new restaurant, The CEO of this $1b company sold everything from make-up to chicken, Why investors want more control over companies climate plans, How does this CEO do it all? *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. Frank Lowy - $9.27 billion. Billionaire Alex Waislitz has attacked Grant Thornton for its decision to declare fair and reasonable a $107m takeover offer for listed fintech OneVue. 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. WiseTechs Richard White wants to beef up Australias STEM capacity. 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. 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. The list is published annually in January in an online format and updated daily, also online. Sector: Electrical | Revenue: $46.7m | Last Years Ranking: Unranked. Yang Huiyan has a net worth of $19 billion. Sector: Financials | Revenue: Undisclosed| Last Years Ranking: 32. This years edition of The List - Australias Richest 250 will show how mining and technology are now the countrys two most successful sectors. Codan is an Adelaide-headquartered manufacturer of metal detectors and communications equipment. Discovery Parks Holdings (GDay Group), SA 'Copper Kingdom' World Heritage bid a step closer, Local Beresford Wines Shiraz sweeps London wine awards, All eyes on Reserve Bank interest rate call, 'This must end': Govt moves on child vaping, A South Australian entity with an Adelaide ownership register, or a South Australian operated entity; or. Knoll Consultants & Investments are a specialist food store business, primarily owning and operating Barossa Fine Foods and its brands, including The Cheesemonger, Angelakis Bros, Standom Smallgoods and Schulz Butchers. Unless the government gets on top of it then people are going to be awfully afraid to go into stores, says Briscoe boss. The tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. Sector: Agriculture | Revenue: Undisclosed | Last Years Ranking: 33. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Harry Triguboff, the 89-year-old behind the Meriton apartment empire, increased his wealth by almost $4 billion to $21.25 billion. Sector: Information technology and equipment | Revenue: $28.7m | Last Years Ranking: 43. The real art is in putting things together in a better way. Established in 1946, Argo is South Australias leading listed investment company. More recently, Cannon-Brookes and fellow billionaire Andrew Forrest were involved in a spat over the $30 billion Sun Cable project they both back that resulted in the large renewable development going into administration after a dispute about its future. Of the 250 people on the list, only 30 of them are women, a slight improvement from last years 27. Almondco Australia supplies premium quality almond products to the world. Terramin is a base and precious metal development company with advanced zinc and gold projects in South Australia and Algeria. Most Rich Listers live in NSW (79), followed by Victoria (60) and Queensland (19). The best local news every workday at lunch time. China (including Macau and . Sector: Energy | Revenue: Undisclosed | Last Years Ranking: Unranked. The sixth-generation family-owned company has a diverse range of agricultural assets and is one of Australias biggest wool producers. 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. A fully customer-owned bank, bringing together a number financial organisations that provide banking services, community investments, grants and sponsorships. While he checks the share price most days, he says he cant get too worried about it. Sector: Financials | Revenue: $262m | Last Years Ranking: 24. The Shahin family are South Australia 's wealthiest representatives on the inaugural edition of the The List Australia 's Richest 250, published in the Weekend Australian on Saturday. 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. He used to work at Hungry Jacks. If youve been wondering where all of these people live, the places they call home have also been announced. 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. For Nick Andrianakos, a journey of discovery to the lucky country has led to an estimated $894m petroleum fortune built over a lifetime. This year it became Australias third most valuable privately held tech company, attracting investment from Singapores Temasek and Chinas Tencent. Mossop is a construction and interiors company working on commercial, education, health, hospitality and residential projects. Mike Cannon-Brookes is worth $26.20 billion and and Scott Farquhar $25.99 billion. Badge is a privately-owned construction group delivering commercial projects across Australia from offices in Adelaide, Brisbane, Maroochydore and Perth. Provisional subclass 491 visa. 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. Sector: Agriculture | Revenue: $17.8m | Last Years Ranking: 81. At #10 another mining magnate Ivan Glasenberg maintains a worth of $9.10 billion. Maughan Theim Automotive is an automotive motor vehicle company which runs a variety of dealerships in South Australia. Out now: The definitive list of Australias wealthiest people, now in its 40th year. Sector: Healthcare | Revenue: $3.7m | Last Years Ranking: 60. At #7 Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. Tic:Toc is a finance technology company that launched in 2017 to provide cheaper home loans using proprietary technology. But they dont hold back when they are asked about their tips for staying fit. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: 21. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. For the top 10 richest Australians for 2022, scroll below. Palmer has also battled WA Premier Mark McGowan in court and has also tried, unsuccessfully so far, to launch new coal-mining projects in Queensland. Founded by current executive director Joe Collins in 1996, the Adelaide headquartered company now has offices across eight locations including New York, London, Manchester, Melbourne, Sydney, Adelaide, Perth and a Global Service Delivery Centre in Colombo, Sri Lanka. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. Managing $12bn of assets around the world, Peter Cooper has built a multi-million dollar fortune for himself and his clients. Other big names who had been expected to grace the pages were Cettires Dean Mintz, whose wealth has plunged from $617 million in November to $232 million in line with the falling share price for his online luxury retail group. Some of the states richest residents have seen their net worth plummet as varying forces wreck havoc on their bottom line. Woods Bagot is a global architecture, design and consultancy firm, based in Adelaide. Here are the ones with the most at stake. Sector: Building and construction | Revenue: $1.5b | Last Years Ranking: 7. Leader Computers Pty Ltd is a manufacturer and distributor of information communications technology products. Australia's richest people have been revealed and their combined worth skyrocketed to $520 billion over 2021. Ahrens Group is a construction, engineering and mining services company, delivering a range of project services from design, steel fabrication and procurement through to construction and project delivery. Over the last 30 years, Peregrines operations have grown to include OTR convenience stores, The Bend Motorsport Park, Smokemart Giftbox retail stores and a range of property investments. SA miner Oz Minerals won the Revenue Growth category after increasing its income by more than $700 million in 2020-21 on the back of strong copper and gold prices and increased production at its new Carrapateena mine in the states far north. 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
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