Gina Rinehart has an estimated net worth of $27.5 billion US dollars as of May 9, 2023, followed by Andrew Forrest (No. 2, $19.3 billion), Harry Triguboff (No. 3, $15.5 billion), and Anthony Pratt (No. 4, $11.4 billion). Mike Cannon-Brookes is Australia's fifth-richest individual, at a stunning $9.0 billion. Scott Farquhar came in sixth place with $8.8 billion in personal fortune, followed by Frank Lowy with $6.0 billion. With a net worth of $5.9 billion, Richard White is ranked eighth. Kerry Stokes ($4.2 billion) was ranked ninth among Australia's top ten wealthiest persons. Individuals and households with the highest personal net worth are listed below. The list includes a brief explanation of some of the individuals' and families' known commercial interests, as well as commentary on how their ranking has changed from the previous year, if applicable. The list is published in January each year in an online format and is updated daily in the same fashion.
In 2019, the entry point for the 50th richest person was $750 million. Gina Rinehart was the wealthiest person on the 2019 list, with a personal net worth of US$14.8 billion, a US$2.6 billion reduction from her personal net worth of US$17.4 billion as reported by Forbes in 2018. Rinehart topped the list for the eighth time in 2019. Prior to 2013, the list included the forty richest people in Australia; expanded to Australia's fifty wealthiest individuals and families in 2013.
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AUSTRALIA BILLIONAIRES LIST 2023
- Gina Rinehart: $27.5 billion
- Andrew Forrest: $19.3 billion
- Harry Triguboff: $15.5 billion
- Anthony Pratt: $11.4 billion
- Mike Cannon-Brookes: $9.0 billion
- Scott Farquhar: $8.8 billion
- Frank Lowy: $6.0 billion
- Richard White: $6.0 billion
- Kerry Stokes: $4.2 billion
- Cliff Obrecht: $3.6 billion
- Melanie Perkins: $3.6 billion
- John Gandel: $3.3 billion
- Vivek Chaand Sehgal: $3.3 billion
- Lindsay Fox: $3.2 billion
- Michael Hintze: $3.2 billion
- Jack Cowin: $2.8 billion
- James Packer: $2.7 billion
- Fiona Geminder: $2.6 billion
- Lang Walker: $2.4 billion
- Brett Blundy: $2.3 billion
- Heloise Pratt: $2.2 billion
- Bob Ell: $2.2 billion
- Solomon Lew: $2.1 billion
- John Hancock: $2.0 billion
- Clive Palmer: $2.0 billion
- Ginia Rinehart: $2.0 billion
CEOWORLD magazine assembled a team of specialists to analyze data points from practically every reputable wealth-tracking media outlet, including Bloomberg, The Richest, Money Inc, Cheat Sheet, GO Banking Rates, Celebrity net worth, Wealthy gorilla, Forbes, and others. The list covers self-made millionaires, heirs to family fortunes, and commercial tycoons who have left an indelible mark on society. Their power and influence transcend beyond the industry, so much so that even those who have no interest in business want to know how to rise to the top. The ultimate choice for the ranking was made editorially based on a consensus from these sources.
All data is for the most current available time. Some were excluded from official statistics for a variety of reasons, the most common of which being a lack of sufficient data. Remember that these are estimates based on several variables and publically available sources. The margin of sampling error for the full data sample is 1.2 percentage points plus or minus. In addition to sampling error, it is important to remember that, as with all research, there are potential sources of error that could affect the results, such as coverage, nonresponse, and measurement error. The figures are all in US $.
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