Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 65. Sector: Agriculture | Revenue: Not meaningful | Last Years Ranking: 69. That means it is exposed to a slowdown in apartment sales, which is happening as Triguboff gets increasingly frustrated with the slow pace of government approvals for his Sydney projects. Sparc Technologies Ltd develops innovative graphene-based technology solutions. Other retail giants include Tania Austin who owns Decjuba fashion brand with $640 million, and Simon and Tahnee Beards Culture Kings with a combined value of $503 million. See the full Australias Richest 250 list, Billionaire central: The top 5 richest suburbs, Meet the 30 women who have made their mark. He has pledged to spend that money on American recycling and clean energy infrastructure to create more than 5000 manufacturing jobs in 10 years. Amazon Prime customers will soon pay $9.99/month for a subscription, as new data shows consumers are buying more streaming platforms than they cancel. Adelaide Airport is the fourth-largest domestic airport and sixth-largest international airport in Australia, processing more than 7.7 million passengers annually. Zip Cos market cap has capitulated from about $6 billion a year ago to just $700 million, leaving Diamond with a far smaller fortune of about $70 million. Based in Virginia, Zerella is a major Australian supplier of potatoes, carrots and onions. Its primary target is the Great White Kaolin project located near Poochera on the Eyre Peninsula, Sector: Building and construction | Revenue: $520m | Last Years Ranking: 25. The technology revolution has arrived, changing the face of the ranks of Australias wealthiest individuals. Andrew Forrest with a net . The Australian's 2022 edition of The List - Australia's Richest 250, to be released on . It is critical that members of a family trust know what is to happen to trust assets if any of the key people die. Gina Rineharts Hancock Prospecting has outlined growth plans in energy, agriculture and so-called green minerals after posting a $5.8 billion profit driven by iron ore mining. The worlds biggest solar farm backed by Mike Cannon-Brookes and Andrew Forrest wins major project status from the Morrison government. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: Unranked. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: Unranked. While he checks the share price most days, he says he cant get too worried about it. Maggie Beer Holdings represent four brands of gifting, food and beverage products using Australian ingredients and materials that support local dairy farmers, fruit and vegetable growers. Sector: Electrical | Revenue: $46.7m | Last Years Ranking: Unranked. Since 1870, the family business has processed wool and traded it across the globe. Woods Bagot is a global architecture, design and consultancy firm, based in Adelaide. Royal Automobile Association of South Australia, 15. The total wealth held by the nation's richest 100 self-made entrepreneurs aged 40 or under has plunged 27 per cent . The net worth of the wealthiest individual, Gina Rinehart, was $31.06 billion; while the net worth of the 200th wealthiest individual, Douglas Clarke, was {590 million; up from $540 million for the 200th individual in 2020. Discovery Parks Holdings (GDay Group), SA 'Copper Kingdom' World Heritage bid a step closer, Local Beresford Wines Shiraz sweeps London wine awards, All eyes on Reserve Bank interest rate call, 'This must end': Govt moves on child vaping, A South Australian entity with an Adelaide ownership register, or a South Australian operated entity; or. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. A select group of Australian billionaires had a very good pandemic indeed. Australian retail phenomenon Culture Kings is about to launch its biggest play, with its 30-something founders taking on the US market. Business was different in those days, he says. Although he did have to give up skiing recently. Kilbirnie Investments has a series of automotive dealerships and horticulture assets, predominantly in South Australia and Victoria. They are amassing fortunes at an incredible rate. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 73. Korvest is a supplier of cable and pipe supports, industrial access and safety systems, fastening solutions and galvanising services. This year, writers went behind the scenes and analysed the big themes that defined Australias year in business and beyond. Yasser Shahin and Dr Sam Shahin. If the Rich List was published today, Mrs Rinehart and Dr Forrest would have their noses in front, with Dr Forrest's wealth sitting at an estimated $28.1 billion, just ahead of Mr Cannon-Brookes . Established in 1862, Coopers is the sole major brewer 100 per cent owned by Australians, claiming about 5% of the Australian beer market. Yet as some make their way back, others tumble out in spectacular fashion. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Formed in 1961, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide. Hancock Prospectings flagship Roy Hill mine delivers a $3.3 billion dividend despite weaker iron ore prices. Now in its seventh year, the Index has become a key source of data for those with a keen interest in the South Australian economy and business environment. The Melbourne apartments developer says the top end of the market is holding up, but policies need to change or construction jobs will be lost. Sector: Infrastructure and Transportation | Revenue: $69.7m | Last Years Ranking: 76. Beach has a core focus on the resource-rich Cooper Basin. Gina Rinehart tops Australia's richest while Clive Palmer doubles his wealth, Canva creator Melanie Perkins cracks the top 10 and all 250 on the list grow their fortunes by $50BILLION in just a year Forrest is FMGs biggest shareholder, having started the company in 2003 after being forced to stand down from a previous role as boss of Anaconda. Asia Pacific near the bottom when it comes to climate readiness: What can be done? Its a similar story for another tech team. Sector: Mining | Revenue: $1.7b | Last Years Ranking: 3. Theres no superyacht access but plenty of room for a tennis court. Cochranes is an express logistics business, servicing South Australia, Mildura and Broken Hill. She doesnt. The retail sector has thrown in many of the lists lucky individuals, with Mecca cosmetics owners Jo Horgan, #188, and Peter Wetenhall, #189, with a combined wealth of $674 million. Sector: Agriculture | Revenue: $1.7b | Last Years Ranking: 11. But who did the best? Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimers disease. Melbourne property developer Michael Buxton is enjoying the fruits of his labours as he ponders how best to hand on his wealth. Sector: Thoroughbred racing | Revenue: $83.5m | Last Years Ranking: unranked. Heres why. SAGE Group Holdings provides electrical engineering and automation services in Australia. Almondco Australia supplies premium quality almond products to the world. At #6 Harry Triguboff, nicknamed high rise Harry has a wealth of $20.81 billion. All but a handful still actively work in the businesses that have generated their wealth. It took until the fast car enthusiast was 50 to realise what he needed to change to be a success in business pay staff well, hire more women and stay out of the way. Sector: Building and construction | Revenue: $74.5m | Last Years Ranking: 68. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 23, Drakes Supermarkets is the largest independent grocery retailer in Australia, Sector: Food and beverage | Revenue: $280m | Last Years Ranking: 22. Australias youngest billionaire is Melbournes 27-year-old crypto gambling magnate Edward Craven, who debuts on The List - Australias Richest 250 with an estimated $2.01bn fortune. The CEOWORLD magazine Rich List, published today, revealed 45 of Australia's wealthiest people . Clean Seas is a commercial producer of kingfish and a pioneer in the countrys emerging aquaculture industry. The best local news every workday at lunch time. In Australia, Pratt is already working on spending $2 billion on new clean energy plants and other initiatives such as increasing the recycled content of glass bottles. From mining magnates to technology leaders, healthcare pioneers and retail superstars, Australias richest women have made their mark this year. Andrew Forrest - $31.77 billion (up from $29.61 billion) 4 / 10 3. To qualify for this years list, you needed at least $629 million. This year is crucial for the iron ore magnate, whom the market is watching to see if he can start delivering on his green energy dream. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. Media diversity is under threat in Australia nowhere more so than in South Australia. The business made a $450 million pre-tax profit in 2022. Sector: Building and Construction | Revenue: $100 million | Last Years Ranking: Unranked. Sector: Health Care | Revenue: $25.8m | Last Years Ranking: 47. See the full list of the 250 candidates at The Australian 's official listing here. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 53. The Australian losers included Melanie Perkins and Mike Cannon-Brookes. The heiress and mining magnate built her fortune on iron ore, and is also the second largest cattle producer in Australia. Secretive fund manager buys into Warner Music and increases the short positions of its flagship fund by 20pc. Harry Triguboff, the 89-year-old behind the Meriton apartment empire, increased his wealth by almost $4 billion to $21.25 billion. LH Perry & Sons is a family-owned fuel distribution company, founded in 1949. 10. Daily. Cannon-Brookes has ploughed much of the proceeds, which follow similar planned selldowns since Atlassian was floated on the NASDAQ in late 2015, into Sydney property and some into green-related investments. We also unveil the winners of the individual awards. Pratt this year will open his biggest ever factory, a new paper mill in Kentucky that he says will be 50 per cent bigger than any other he has built. Clive Palmer makes more income than almost every other Australian billionaire. Sector: Printing | Revenue: Undisclosed | Last Years Ranking: 82. But how he chooses to spend it is unique. CLICK HERE FOR THE FULL INTRODUCTION AND METHODOLOGY.. The uninitiated in takeaway food are now using it and dont want to get out of their cars boosting the cornerstone business of the Jack Cowin empire. Lucas TCS is a privately-owned civil engineering and construction company, founded over 50 years ago which has worked with some of Australias leading mining and resource organisations. Get InDaily in your inbox. The Detmold Group is a manufacturer of paper and board-based packaging products for a diverse range of customers. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. Love them, hate them, or envy them, Australia's richest people have been announced for 2022 by The Australian 's The List. Sector: Healthcare | Revenue: $400m | Last Years Ranking: 18. The average age of members is 65, with 98-year-olds Len Ainsworth (Aristocrat Leisure and Ainsworth Game Technology . Scammers had already claimed $150k in her name, Centrelink payment boost for 227,000 Australians, Australias biggest fuel retailer 7-Eleven up for sale, 14 million jobs will be eliminated in the next five years, new report finds, Delete it immediately: Aussies warned over DHL email, Bucket list: The holiday experience you have to try before you die, Residents bizarre message to neighbours over house renovation divides internet, How much super you need to retire comfortably revealed. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: 72. Sector: Food and beverage | Revenue: $84m | Last Years Ranking: 62. The veteran Queensland property developer will wait and see what effects COVID-19 might have on the sector. WiseTech co-founder Richard White managed an exquisitely timed equity sell-down by offloading a parcel of shares just as they raced to a record $60. At #7 Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. Headed by Richest 250 member Fung Lam, New Aim is an Australian e-commerce success story, which is seeking external capital for the first time to bolster growth. Theres a new Territorian among Australias wealthiest people this year as the bush makes a comeback while tech fortunes fall. Duxton Broadacre Farms offers investors a diversified portfolio of Australian farms. Sector: Agriculture | Revenue: $39.7m | Last Years Ranking: 39. View Gallery. Escient is an employee-owned digital and business advisory firm. The List: Australia's Richest 250 has this year risen to a total wealth of $520.20 billion, at an average of $2.08 billion for each of the 250 members. Now worth a combined $717m, this duo moved north to start a charitable program after founding one of Australias most successful technology companies. Finsbury Green is a print, managed services and logistics company based in Adelaide. The combined wealth of the country's 50 richest swelled to $213 billion, a hefty 70% jump from 2019 when we last published the list. 2 / 10 1. Hes building a real-life tower of power - and just like the sweaty YouTube dancer who inspires him, tech billionaire Scott Farquhar just needs enthusiastic followers to join his movement. Sector: Information technology and equipment | Revenue: $479m | Last Years Ranking: 37. The 2021 edition of The List Australias Richest 250, is a story of the three Ps: the Pilbara, pizza boxes and personal computers | OUR TOP 5. Top 10 richest Australians under 40 revealed. Weeks Group is a residential builder in South Australia and Victoria. Arrowcrest is the parent company of automotive and farming machinery companies ROH Wheels, John Shearer, Unicast, Tristar, NonFerral, Kockums Industries and Brownbuilt. Mining magnates and property barons are still doing well on The List, but technology titans like Mike Cannon-Brookes and Melanie Perkins are the big losers this year. Established in 1984 when Fred Shahin purchased a small BP service station in Woodville Park, Peregrine is now the largest private company in SA with revenues approaching $3 billion in 2020-21. Rineharts Hancock Prospecting delivered another huge profit for 2022, a $5.8 billion net result, though it was less than the record the iron ore miner produced in 2021.
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