$213 Billion & Counting: The 50 Richest Australians Right Now (According To Forbes)
(Chet Strange for The Washington Post via Getty Images)
— Updated on 21 February 2023

$213 Billion & Counting: The 50 Richest Australians Right Now (According To Forbes)

— Updated on 21 February 2023
Garry Lu
WORDS BY
Garry Lu

Over the past half-decade, Aussie rich lists outside of AFR’s under-30 roundup have seldom offered anything surprising in the way of names and industries. Still, it’s always worth consolidating the standings, which is why Forbes has once again chosen to spotlight the Top 50 richest Australians for 2023.

In the post-pandemic boom, the combined wealth of our country’s 50 richest individuals have swelled to a considerable $213 billion – 70% more than when this list’s last edition was published back in 2019.

“Miners continue to dominate the top ranks despite several years of tech tycoons nipping at their heels,” explained Naazneen Karmali and Nicole Lindsay of Forbes.

“Amid fluctuating iron ore prices, Gina Rinehart maintains her position as the country’s richest person with a $30.6 billion fortune.”

MELBOURNE, VICTORIA – NOVEMBER 01: Gina Rinehart attends the Emirates Marquee on Melbourne Cup Day at Flemington Racecourse on November 1, 2016 in Melbourne, Australia. (Photo by Scott Barbour/Getty Images)

RELATED: Australia’s Highest-Earning Postcode Has An Average Income Of $325,000

At #2, you’ll find Fortescue mining magnate and custodian of R.M. Williams, Dr Andrew “Twiggy” Forrest, who’s currently has an estimated fortune of $21.7 billion.”

Rounding out the Top 5 are the usual suspects in sequence: property developer Harry Triguboff ($15.5 billion), Bianca Rinehart and her siblings ($12.5 billion), followed by Visy Industries’ Anthony Pratt ($11.6 billion).

Just outside in #6 and #7 are Atlassian co-founder Mike Cannon-Brookes ($10.8 billion) and Scott Farquhar ($10.6 billion), respectively, who’ve slipped a touch after what can only be described as a rough year for tech companies and tech stocks across the board.

Check out the 50 richest Australians as ranked by Forbes below.

The 50 Richest Australians In 2023 (According To Forbes)

$213 Billion Plus: Forbes Reveals The 50 Richest Australians

Methodology

This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports and analysts. The ranking lists both individual and family fortunes, including those shared among relatives. Private companies were valued based on similar companies that are publicly traded. Public fortunes were calculated based on stock prices and exchange rates as of January 27, 2023, and adjustments may have been made for some stocks that are thinly traded or have a low public float. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.

  1. Gina Rinehart (Metals & Mining) – $30.6 billion
  2. Andrew Forrest (Metals & Mining) – $21.7 billion
  3. Harry Triguboff (Real Estate) – $15.5 billion
  4. Bianca Rinehart & Siblings (Metals & Mining) – $12.5 billion
  5. Anthony Pratt (Manufacturing) – $11.6 billion
  6. Mike Cannon-Brookes (Technology) – $10.8 billion
  7. Scott Farquhar (Technology) – $10.6 billion
  8. Cliff Obrecht & Melanie Perkins (Technology) – $7.2 billion
  9. Frank Lowy (Finance & Investments) – $6 billion
  10. Richard White (Technology) – $5.4 billion
  11. John, Alan, & Bruce Wilson (Fashion & Retail) – $5.1 billion
  12. Kerry Stokes (Diversified) – $4.2 billion
  13. John Gandel (Real Estate) – $3.5 billion
  14. Lindsay Fox (Logistics) – $3.4 billion
  15. Jack Cowin (Food & Beverage) – $3.35 billion
  16. Michael Hintze (Finance & Investments) – $3.2 billion
  17. James Packer (Finance & Investments) – $2.8 billion
  18. Lang Walker (Real Estate) – $2.7 billion
  19. Fiona Geminder (Manufacturing) – $2.6 billion
  20. Brett Blundy (Fashion & Retail) – $2.45 billion
  21. Solomon Lew (Fashion & Retail) – $2.3 billion
  22. Bob Ell (Real Estate)- $2.25 billion
  23. Len Ainsworth & Family (Gambling & Casinos) – $2.2 billion
  24. Heloise Pratt (Manufacturing) – $2.15 billion
  25. Clive Palmer (Metals & Mining) – $2.1 billion
  26. Gerry Harvey (Fashion & Retail) – $2.05 billion
  27. Kie Chie Wong (Metals & Mining) – $2 billion
  28. Hains Family (Finance & Investments) – $1.95 billion
  29. Cameron Adams (Technology) – $1.8 billion
  30. Chris Wallin (Energy) – $1.75 billion
  31. Terry Snow (Real Estate) – $1.61 billion
  32. Bruce Mathieson (Real Estate) – $1.6 billion
  33. Chris Ellison (Metals & Mining) – $1.59 billion
  34. Angela Bennett (Metals & Mining) – $1.55 billion
  35. Gretel Packer (Finance & Investments) – $1.54 billion
  36. David Teoh (Telecom) – $1.53 billion
  37. Nigel Austin (Fashion & Retail) – $1.5 billion
  38. Tony & Ron Perich (Real Estate) – $1.42 billion
  39. John Van Lieshout (Real Estate) – $1.41 billion
  40. Anthony Hall (Technology) – $1.4 billion
  41. Jack Gance & Family (Fashion & Retail) – $1.35 billion
  42. Mario Verrocchi & Family (Fashion & Retail) – $1.34 billion
  43. Sam Hupert (Technology) – $1.3 billion
  44. Sam Tarascio (Real Estate) – $1.25 billion
  45. Sam Kennard & Siblings (Real Estate) – $1.2 billion
  46. Michael Heine (Finance & Investments) – $1.19 billion
  47. Manny Stul (Manufacturing) – $1.18 billion
  48. Mark Creasy (Metals & Mining) – $1.02 billion
  49. Alan Rydge (Media & Entertainment) – $1 billion
  50. Kerr Neilson (Finance & Investments) – $960 million
Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]

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