The Richest People in Australia ought to be those who have taken advantage of Australia’s balanced economy. The country is one of the largest producers of gold, and a major force in agriculture. Retail commerce is also booming because the citizens of Australia are accustomed to a high quality of life, spending money to make their lives more enjoyable.
Australia is also a welcoming and free economy, encouraging people to come in and try their luck in the place that has been called the new land of opportunity. So who are those people that have dreamt of the Australian dream, and managed to turn it into reality? That is what this article is designed to find out. Join us now to discover the top 10 richest persons in Australia.
Top 10 Richest People In Australia 2020
1. Gina Rinehart
- Estimated Net Worth: $14.8 Billion
- Industry: mining
Georgina Rinehart is estimated to be worth around $14.8 billion dollars. She was also the trustee of a family trust fund until when she lost that right to her eldest daughter after a long legal battle. She inherited a mining business, and almost doubled it in ten years.
Gina Rinehart has also invested heavily in the media, and also in agriculture. She is not just the richest individual in Australia, but also one of the most powerful.
2. Harry Triguboff
- Estimated Net Worth: $9 Billion
- Industry: Real Estate
Harry Oskar Triguboff was born into the Jewish community of China. He was born in Darien (Now Dalian), Liaoning, the Republic of China on 3 March 1933. His parents were Russian Jews (Moshe and Frida) who fled to China after the rise of Lenin. Harry Triguboff’s father was a builder.
Harry Trigoboff spent his early childhood in the Jewish community in Tianjin and in 1947, he left China to Australia to study at a university. After his studies, he began a career of buying old buildings, renovating them, and selling them.
Currently, the second wealthiest person In Australia, today, Harry is the biggest real estate developer in Australia. He is the founder and managing director of Meriton and his admirers call him “high-rise Harry.”
3 Anthony Pratt
- Estimated Net Worth: $6.8 Billion
- Industry: Manufacturing
Anthony Joseph Pratt an Australian businessman. His business empire stretches from Australia to America, and that puts him in a different class of billionaires whose empires do not depend on the fortunes of a single economy.
Anthony Pratt is the Executive Chairman of Visy Industries in Australia and Pratt Industries in America. He runs the world’s largest privately-owned packaging and paper company.
Anthony Pratt inherited the business from his father the late Richard Pratt. He is a trustee of the Pratt Foundation; a philanthropic organization set up by his father in 1978, and which donates US$15 million to charity every year.
4. Frank Lowy
- Estimated Net Worth: $6.5 Billion
- Industry: shopping malls
Sir Frank P. Lowy is an Australian-Israeli by naturalization, but who has Jewish Slovakian-Hungarian origins. He was Chairman of Westfield Corporation for a long time. Under his direction, Westfield became a reputable shopping centre company with a global appeal.
He is also a former Chairman of Scentre Group, which is the owner and manager of Westfield-branded shopping centres in Australia and New Zealand.
In 2000, he was honored with the title of Companion of the Order of Australia for his service to the community through his retail business, and for his philanthropic activities.
5. Mike Cannon-Brookes
- Estimated Net Worth: $6.4 Billion
- Industry: software
Michael Cannon-Brookes is a young and handsome Australian billionaire. He is the co-founder and co-CEO of the software company Atlassian. They say that when he founded the software company he just wanted to earn the usual salary of A$48,000 without having to work for someone else.
Atlassian, a collaboration software company, the biggest in Australia. Mike Cannon-Brookes also teaches periodically at the University of New South Wales’ School of Computer Science and Engineering
5. Scott Farquhar
- Net Worth: $6.4 Billion
- Industry: Software
Scott Farquhar is another young and handsome Australian billionaire, the fifth richest person in Australia. He is the co-founder and co-CEO of the software company Atlassian, which he built together with his friend Mike Cannon-Brookes listed above.
Farquhar has made out time despite his busy schedule to do mentorship through the Australian Businesswomen’s Network. He also periodically gives guest lectures on entrepreneurship to graduate and undergraduate students.
7. Andrew Forrest
- Net Worth: $4.3 Billion
- Industry: Mining
John Andrew Henry Forrest is an Australian mining magnate and businessman. He is best known as the former CEO of Fortescue Metals Group (FMG). He is still the chairman of the company, maintains mining interests in other ventures, and also has businesses in the agriculture sector through cattle breeding stations.
In 2013, Andrew Forrest and his wife, Nicola, were the first Australians to pledge the larger chunk of their wealth to charity. Andrew Forrest is a modest man despite his wealth, and he has been very active in philanthropy.
8 John Gandel
- Estimated Net Worth: $4 Billion
- Industry: Shopping Malls
John Gandel is an Australian property developer, businessman, and one of the richest people in Australia. He is also a notable philanthropist. He has built his career on the development of commercial real estate as well as shopping centres located in Melbourne, Victoria.
Gandel, inherited his wealth from his parents who were Polish immigrants. His parents were the founders of the Sussan women’s clothing chain. However, it was his vision and astute planning that built the real estate empire.
9. James Packer
- Estimated Net Worth: $3.6 Billion
- Industry: Casinos
James Douglas Packer is an Australian investor, businessman, and media magnate. He inherited control of the family company, Consolidated Press Holdings Limited, and some other investments as well.
He has diversified his investments into several sectors but remains one of Australia’s richest citizens.
10. Lindsay Fox
- Estimated Net Worth: $3.5 Billion
- Industry: Logistics, Real Estate
Lindsay Edward Fox is an Australian businessman with a very interesting story indeed. He played football during his youth, and even though he was not so famous, he did captain his team at one time. After calling it quits with football, he went on to start a logistics firm. He started this with only one truck in 1956.
That single truck has now transformed into Linfox, the largest privately owned logistics company with more than 5,000 trucks across ten countries throughout the Asia-Pacific region.
Closing On The Richest People In Australia
Australia’s richest list is a very interesting one; we find third-generation wealth, as well as accidental software billionaires. The real estate sector; especially the commercial real estate such as shopping malls, and office buildings are especially lucrative, even though the mining sector remains king.
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