If there was ever a list you would hope to be on, it’s The Australian’s ‘The List’, an annual round-up of the country’s top 250 wealthiest individuals. Assembled by the publication’s editor John Stensholt, a leading business journalist with in-depth knowledge of top-tier wealth in Australia, the round-up shares individuals’ ages, industries and estimated valuations.
So, who made the list? Well, Gina Rinehart topped it yet again with a cool $32.64 billion, while fellow mining magnate Andrew Forrest came in a close second with $31.77 billion. Anthony Pratt is #3 with $27.77 billion while Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar are 4th and 5th with $26.20 and $25.99 billion respectively.
The total wealth on the 2022 list is a combined $520.20 billion, while, in 2021 it was $470.07 billion, which can partly be put down to inflation.
In terms of top industries, the highest money-making sectors from the list were property (59), technology (29), investment (28), retail (27), mining (22), manufacturing (14), healthcare (13), financial services (12), agriculture (10), and construction (10).
This year’s edition of The List had more members from the technology sector than ever before, while some of the so-called older industries, such as manufacturing, are showing resilience.
“The technology revolution is heralding a shift from ‘old’ industries such as mining and manufacturing to newer online sectors, bringing significant change to the ranks of the country’s wealthiest individuals,” said Stensholt.
“It has also helped create a record number of new names on The List, with 29 debutants. Despite the pandemic, some sectors — retail in particular — have done incredibly well and created a surge in new wealth on The List. It’s been fun uncovering the new names coming up amongst the old guard of The List and sharing their stories.”
The most popular money-making suburbs were Toorak (20), Point Piper (12), Vaucluse (11), Mosman Park (6), while NSW can claim the highest number of people from the list with 98 residents. Victoria has 71, Queensland 32, WA 21, SA 5, NT 2 and Tasmania and the ACT 1 each.
Age-wise, the youngest person on the list is 32-year-old Afterpay founder Nick Molnar, while the oldest people on the list are Len Ainsworth and Marc Besen who are both 98 years old. The average age of those on the list is 65 years old.
So, without further ado, here’s the top 30 on The List:
1 | Gina Rinehart | $32.64b | 68 | Mining |
2 | Andrew Forrest | $31.77b | 60 | Mining |
3 | Anthony Pratt & Family | $27.77b | 61 | Manufacturing |
4 | Mike Cannon-Brookes | $26.20b | 42 | Technology |
5 | Scott Farquhar | $25.99b | 42 | Technology |
6 | Harry Triguboff | $20.81b | 89 | Property |
7 | Clive Palmer | $18.35b | 67 | Mining |
8 | Cliff Obrecht | $15.89b | 36 | Technology |
9 | Melanie Perkins | $15.89b | 34 | Technology |
10 | Ivan Glasenberg | $9.10b | 64 | Mining |
11 | Frank Lowy | $8.90b | 91 | Investment |
12 | Alan Wilson & Family | $8.11b | 81 | Retail |
13 | Kerry Stokes | $7.43b | 81 | Media |
14 | Richard White | $7.24b | 67 | Technology |
15 | Cameron Adams | $5.43b | 42 | Technology |
16 | John Gandel | $5.05b | 87 | Property |
17 | Lang Walker | $5.03b | 76 | Property |
18 | Jack Cowin | $4.82b | 79 | Retail |
19 | Len Ainsworth & Family | $4.62b | 98 | Investment |
20 | Lindsay Fox | $4.36b | 84 | Transport |
21 | James Packer | $4.20b | 54 | Gambling |
22 | Lachlan Murdoch | $3.82b | 50 | Media |
23 | Chau Chak Wing | $3.74b | 68 | Property |
24 | Avi Silver | $3.66b | 63 | Retail |
25 | Eddie Hirsch | $3.66b | 69 | Retail |
26 | Greg Goodman & Family | $3.52b | 59 | Property |
27 | Angela Bennett | $3.38b | 76 | Mining |
28 | Morry Fraid | $3.16b | 70 | Retail |
29 | Zac Fried | $3.16b | 49 | Retail |
30 | Solomon Lew | $3.09b | 75 | Retail |
You can view the full list of 250 Australia’s richest in 2022 here.
Read more stories from The Latch and subscribe to our email newsletter.