Financial Review Rich List 2024
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The Financial Review Rich List 2024 is the 41st annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 30 May 2024.
The net worth of the wealthiest individual, Gina Rinehart, was $40.61 billion; while the net worth of the 200th wealthiest individual, Christian Beck, was $718 million; up from $690 million for the 200th individual in 2023. The combined wealth of the 200 individuals was calculated as $624.9 bn, an increase of $61.9 bn on the previous year; compared with a combined wealth of $6.4 bn in 1984 when the BRW Rich 200 commenced.[1][2] Forty-one women were included on the 2024 Rich List, representing 20.5 per cent of the list; down from thirty-six women in 2023, or 18 per cent. The list included eleven debutants.[1]
Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; and has been the wealthiest Australian individual since 2020.[3] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked fourth in the 2021 Rich List, after Andrew Forrest,[2] Australia's wealthiest individual in 2008,[4][5] and Mike Cannon-Brookes. Harry Triguboff was Australia's wealthiest individual in 2016,[6][7] ranked second in the 2024 Rich List.[1]
| 2024[1] | Name | Citizenship | Source of wealth | 2023 | ||
|---|---|---|---|---|---|---|
| Rank | Net worth A$ bn |
Rank | Net worth A$ bn | |||
1  | 40.61  | Gina Rinehart | Australia | Hancock Prospecting; investment | 1 | 37.41 |
| 2 | 26.49 | Harry Triguboff | Australia | Meriton | 4 | 23.80 |
| 3 | 24.38 | Mike Cannon-Brookes and Annie Cannon-Brookes | Australia | Atlassian | 6  | 19.01 |
| 4 | 23.30 | Anthony Pratt and family | Australia | Visy; Pratt Industries | 3 | 24.30 |
| 5 | 22.88 | Scott Farquhar | Australia | Atlassian | 7 | 18.16 |
| 6 | 22.75 | Clive Palmer | Australia | Mineralogy and other mining interests; hospitality | 5 | 23.66 |
| 7 | 16.92 | Nicola Forrest | Australia | Fortescue | n/a | not listed |
| 8 | 16.76 | Andrew Forrest | Australia | Fortescue | 2 | 33.29 |
| 9 | 14.86 | Ivan Glasenberg | Australia[8] South Africa Switzerland[9] | Glencore commodities trading | 8 | 13.60 |
| 10 | 13.62 | Melanie Perkins and Cliff Obrecht | Australia | Canva | 9 | 13.18 |
| 11 | 11.63 | Richard White | Australia | WiseTech Global; Technology | 11 | 9.11 |
| 12 | 11.30 | Kerry Stokes | Australia | Property; Seven West Media; resources | 12 | 7.45 |
| 13 | 10.64 | Alan Wilson and family | Australia | Reece Group | 14 | 6.51 |
| 14 | 9.33 | Sir Frank Lowy | Australia | ex-Westfield; property | 10 | 9.33 |
| 15 | 8.16 | Vivek Chaand Sehgal | Australia | Motherson Sumi Systems | 24 | 4.20 |
| 16 | 6.94 | John Gandel | Australia | Property (shopping centres) | 15 | 6.33 |
| 17 | 6.81 | Cameron Adams | Australia | Canva | 13 | 6.59 |
| 18 | 6.08 | Suzanne Walker and family [note 2] | Australia | Walker Corporation (property) | 16 | 5.81 |
| 19 | 5.85 | Len Ainsworth and family | Australia | ex-Aristocrat Leisure; Gaming; manufacturing | 17 | 5.22 |
| 20 | 5.69 | James Packer | Australia | ex-Crown Resorts; ex-Consolidated Media Holdings | 18 | 4.95 |
| 21 | 5.69 | Lindsay Fox | Australia | Linfox; property | 23 | 4.35 |
| 22 | 5.04 | Angela Bennett | Australia | Mining | 20 | 4.63 |
| 23 | 4.88 | Jack Cowin | Australia | Competitive Foods Australia; investment | 22 | 4.36 |
| 24 | 4.72 | Solomon Lew | Australia | Premier Investments; retail | 25 | 3.97 |
| 25 | 4.62 | Morry Fraid, Zac Fried and family | Australia | Retail; property | 26 | 3.95 |
| 26 | 4.51 | Ed Craven | Australia | Gaming | 35 | 3.11 |
| 27 | 4.32 | Greg Goodman and family | Australia | Goodman Group; property | 30 | 3.71 |
| 28 | 4.20 | Chau Chak Wing | Australia | Property; investments | 21 | 4.43 |
| 29 | 4.13 | Alexandra Burt and Leonie Baldock | Australia | Resources | 29 | 3.85 |
| 30 | 4.09 | Terry Snow and family | Australia | Capital Airport Group; property | 29 | 3.90 |
| 31 | 3.97 | Kie Chie Wong and family | Malaysia | Investor; resources | 39 | 2.78 |
| 32 | 3.92 | Jack Gance and Sam Gance | Australia | Chemist Warehouse; retail | 51 | 2.38 |
| 33 | 3.83 | Michael Heine and family | Australia | Financial services | 42 | 2.67 |
| 34 | 3.75 | Laurence Escalante | Australia | Gaming | 27 | 3.90 |
| 35 | 3.75 | Lachlan Murdoch | United States United Kingdom Australia[10] | Media | 33 | 3.35 |
| 36 | 3.60 | Brett Blundy | Australia | Retail; property; agriculture | 34 | 3.33 |
| 37 | 3.42 | Michael Hodgson | Australia | Property | 31 | 3.50 |
| 38 | 3.39 | Gerry Harvey and Katie Page | Australia | Harvey Norman | 37 | 2.91 |
| 39 | 3.38 | Mario Verrocchi | Australia | Chemist Warehouse | 52 | 2.35 |
| 40 | 3.35 | Hui Wing Mau | China Australia[11] | Shimao Property | 19 | 4.90 |
| 41 | 3.33 | Sam Kennard and family | Australia | Kennards Self Storage | 43 | 2.63 |
| 42 | 3.19 | Prudence MacLeod | Australia | News Corporation and News UK | 45 | 2.57 |
| 43 | 2.98 | Stephen, Richard and Michael Hains and family | Australia | Investment | 38 | 2.90 |
| 44 | 2.92 | John Van Lieshout | Australia | Retail | 41 | 2.72 |
| 45 | 2.89 | Anthony Hall | Australia | Pro Medicus; Technology | 75 | 1.85 |
| 46 | 2.88 | Betty Klimenko, Monica Weinberg-Saunders and family | Australia | ex-Westfield Group Property | 40 | 2.76 |
| 47 | 2.71 | Gary Tieck, Paul Tieck and family | Australia | ex-Franklins; Property; investment | 64 | 2.02 |
| 48 | 2.71 | Andrew Budzinski | Australia | IC Markets; financial services | 32 | 3.42 |
| 49 | 2.68 | Bob Ell | Australia | Property | 48 | 2.43 |
| 50 | 2.67 | John Hancock | Australia | Hancock Prospecting | 47 | 2.44 |
| 51 | 2.66 | Bianca Rinehart | Australia | Hancock Prospecting | 49 | 2.42 |
| 52 | 2.65 | Ginia Rinehart | Australia | Hancock Prospecting | 46 | 2.47 |
| 53 | 2.65 | Hope Rinehart Welker | Australia | Hancock Prospecting | 50 | 2.20 |
| 54 | 2.64 | Sam Alter and family [note 3] | Australia | Retail | 44 | 2.60 |
| 55 | 2.61 | Sam Arnaout | Australia | Hospitality; property | 57 | 2.23 |
| 56 | 2.55 | David and Vicky Teoh | Australia | ex-TPG; Telecommunications | 82 | 1.70 |
| 57 | 2.51 | Tony Perich and family | Australia | Agriculture; property; So Natural, Narellan Town Centre | 36 | 3.06 |
| 58 | 2.50 | Chris Thomas | Australia | Agriculture | 54 | 2.27 |
| 59 | 2.43 | Nigel Austin | Australia | Cotton On Group; retail | 65 | 2.00 |
| 60 | 2.36 | Nick Politis | Australia | Retail; property | 58 | 2.14 |
| 61 | 2.29 | John Casella and family | Australia | Agriculture; Casella Family Brands | 67 | 1.97 |
| 62 | 2.27 | Tim Heath | Australia | Technology; gaming | n/a | not listed |
| 63 | 2.25 | Paul Little | Australia | Toll Holdings | 76 | 1.83 |
| 200 | 0.718 | Christian Beck | Australia | Technology | 185 | 0.747 |
Removed from the 2024 list
The following individuals, who appeared on the Financial Review Rich List 2023, did not appear on the 2024 list:
Notes
- ^1 : Individual was listed on a previous year's list, that was not the 2023 Rich List.[12]
- ^2 : Previous years' listing was in the name of Lang Walker. Walker died on 27 January 2024.[13]
- ^3 : Previous years' listings was in the name of Maurice Alter. Alter died on 13 April 2018.