Top 25 Richest People In Australia – Number 1 Will Make Your Jaw Drop


Forbes has just complied a list of the enormously wealthy people in Australia and it is easily seen that the billionaires in Australia are growing their wealth at a much faster rate than you can think of. The list which assesses the net worth (in dollars) of individuals are often published on a yearly basis. This year’s list shows some very wealthy self-made billionaires fighting for a spot.There are a few surprises on the list, click through to find out who tops this year’s ranking.

Read Also: Top 25 People Who Are Richer Than The Royal Family In Britain

25. Scott Farquhar and Mike Cannon-Brookes

Net Worth: $1.1 Billion

Industry: Software

Scott Farquhar and Mike Cannon-Brookes are the co-founders of Atlassian, an Australian business software company that creates products that help software developers and project managers. The two programmers began their company in 2002 after studying together at the University of New South Wales. They sourced their start-up finance from a $10,000 line of credit on a credit card. The company is best known for its issue tracking application, JIRA, and its team collaboration product, Confluence. It caters to more than 35,000 customers globally, including 85 of the Fortune 100.

24. Len Ainsworth

Net Worth: $1.2 Billion

Industry: Betting Machines

Len Ainsworth is the owner of Aristocrat, the largest gaming machine manufacturer in Australia, and one of the biggest producers of slot machines in the globe. It is currently second only to US-based International Game Technology, now owned by Italian lottery business G-Tech. Len Ainsworth’s family still maintains a good stake in the company, but he is now Chairman of a different gaming company, Ainsworth Game Technology.

The Australian business tycoon started by revolutionizing his father’s dental-equipment business into slot machines and then started Aristocrat Leisure in 1953, currently Australia’s biggest manufacturer of gaming machines. He received a false cancer diagnosis and handed  the reins of the company to his seven sons 20 years ago but he retains a large stake still.

You Might Also Like: Top 21 Safest Cities In Asia – 2015 Latest Ranking

23. Kerry Stokes

Net Worth: $1.2 Billion

Industry: Media & Mining

Kerry Matthew Stokes holds business interests in a diverse range of industries including electronic and print media, property, mining, and construction equipment. He is best known as the chairman of the Seven Network, one of the largest broadcasting corporations in Australia. The Australian business tycoon has very extraordinary beginnings. His mother gave him up for adoption and as a result of that, he was adopted out to Matthew and Irene Stoke. He dropped out of school at age 14. He built up his company by selling Caterpillar tractors and trucks in Australia  and eventually China before moving into media with his seven group.

22. Alan Rydge

Net worth: $1.2 Billion

Industry: Entertainment

Alan Rydge father Norman handed Greater Union cinema chain to him as his inheritance 35 years ago. He has since translated it into Australia’s largest cinema group, as part of Amalgamated Holdings, a corporation that owns and operates brands in the entertainment, hospitality and leisure sectors, mainly within Australasia. The company of which Rydge owns 44% also owns Thredbo ski resort and the Rydges and QT hotel chains. He has a big stake in listed company Carlton Investments, which buys blue chip stocks.

Read Also: Top 25 Strongest Military Forces in Asia-Pacific

21. Lang Walker

Net worth: $1.2 Billon

Industry: Property

Lang walker is the co-founder of walker group which was officially renamed walker Corporation by Pty Limited. The company is a privately owned Australian development company, with developments in Australia, USA, Canada and Malaysia. It is responsible for the development and restoration of a number of significant Australian sites, including King Street Wharf, Finger Wharf, Broadway Shopping Center and Rhodes Shopping Center in Sydney. The property company is fully owned and operated by its co-founder and CEO, Lang Walker.

20. Robert Ell

Net Worth: $1.2 Billion

Industry: Property

Robert Ell is an Australian property developer and the founder of Leda Group, a privately owned property development Company. The business tycoon founded the company in 1976 and has interests in residential, retail, commercial and industrial property. He controls more than 16,000 housing lots in Queensland and New South Wales. The company also owns four shopping malls in Queensland, and unloaded a key office investment in Sydney’s Milson Point in 2014 to Chinese investors for $80 million. He started out with commercial property development and construction in Sydney.

19. Maurice Alter

Net Worth: $1.3 Billion

Industry: Real estate.

The real estate  investor bought his first property in the 1950s and established Pacific Shopping Centers in 1979 when he left Poland for Australia at the end of World War One. Currently, he owns malls in Melbourne, northern Victoria and Adelaide. His son Sam runs the group, and also a fund-management-and-property-development business  known as Austpac.

Read Also: Asia’s 10 Tallest Buildings Of 2015

18. Gerry Harvey

Net Worth: $1.3 Billion

Industry: Retail

Gerry Harvey is an Australian entrepreneur famous for being the executive chairman of Harvey Norman Holdings, a company which runs Australian retail chain Harvey Norman. He co-founded  Norman Ross (electronics retailer) in 1961 with Ian Norman. When that business was taken over, both men dumped it, opening electrical-goods and furniture chain Harvey Norman in 1982. He earns most of his fortune from his shares in the publicly traded establishment.

Read Also: 20 Richest People Of All Time

17. David Teoh

Net Worth: $1.6 Billion

Industry: Telecommunications

David Teoh is the founder and chief executive officer of TPG group of companies, one of the largest privately owned internet businesses in Australia. He owns  37% stake in the Australian telecommunications and IT company that specialises in consumer and business internet services as well as mobile telephone services. He started out as a computer retailer and moved from Malaysia to Sydney in 1986.

Read Also: Top 20 Most Beautiful Presidential And Royal Palaces In Asia: Don’t Miss Number 1

16. Stanley Perron

Net Worth: $1.6 Billion

Industry: Property & Retail

Stanley is an Australian entrepreneur and philanthropist. He is without doubt one of Australia’s largest landlords with a portfolio that covers the country. His holdings are mostly shopping malls and commercial high-rise buildings. He additionally has a Toyota distributorship, bestowed to him personally by the Toyoda family 50 years ago.

15. Michael Hintze

Net Worth: $1.9 Billion

Industry: Investment.

Michael is a British-Australian entrepreneur, philanthropist and Conservative Party patron, based in the United Kingdom. He was born in the Chinese city of Harbin. He unloaded his own hedge fund company, CQS and has been cited in the press as one of the highest earning people in the City of London.

Read Also: 20 Richest People In Asia – Number 1 Will Blow Your Mind

14. Leslie Wilson

Net Worth: $2 Billion

Industry: Retail

Leslie Wilson best known as Alan, heads Reece Australia, Australia’s largest bathroom – and plumbing-supply retailer. He shares wealth with 2 brothers, John and Bruce; while his son Peter is the CEO of the company. The family owns nearly 70% of the 450-outlet chain it has managed for more than 50 years. He was asked about Reece’s sparse public disclosures at the 2014 yearly meeting, he said he knows a lot about competitors from investor briefings.

13. Heloise Waislitz

Net Worth: $2 Billion

Industry: Packaging

Australian billionaire Heloise Waislitz, one of the daughters of packaging tycoon Richard Pratt, inherited a sizeable fortune (Visy packaging business) from her father along with billionaire brother and sister Anthony Pratt and Fiona Geminder. Additionally, she has created security and property portfolio known as Thorney Holdings, with her special someone (husband) Alex. Just last year, they offered a small equities fund, Thorney Opportunities, on the Australian Stock Exchange, retaining a 30% stake.

Read Also: Top 20 Richest Actors In India 2015

12. Fiona Geminder

Net Worth: $2.1 Billion

Industry: Packaging

Fiona Geminder is the youngest daughter of the packaging tycoon Richard Pratt . The publicity-shy lady is one of Australia’s richest people. She owns up to 40% of plastic packaging business Pact Group with husband Raphael Geminder. She also has a stake in Visy, the family’s Melbourne-headquartered paper packaging and recycling business, along with brother Anthony Pratt and sister Heloise Waislitz.

11. David Hains

Net Worth: $2.1 Billion

Industry: Finance

David Hains is a horse breeder in Kingston Park Stud in Merricks North, Victoria. He also works from Melbourne headquarters of his family’s private hedge fund, Portland House Group, which he runs with his sons. The Portland House Group portfolio include equities, bonds, fixed interest, property and managed funds globally. His Portland House Group is now Australia’s biggest hedge fund and also has offices in New York and London.

page 1