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

10. Andrew Forrest

Net Worth: $2.1 Billion

Industry: Mining

Andrew Forrest is an iron ore magnate currently a non-executive chairman and formerly the chief executive officer of Fortescue Metals Group (FMG). He worked as a stockbroker at the brokerage houses Kirke Securities and Jacksons immediately he completed his studies. In 1994, he established Anaconda Nickel (now Minara Resources). In 2003, he established Fortescue Metals Group, which mines and ships iron ore to China. The company has since grown to take three times the spaces of its closest rival in Western Australia’s iron ore rich Pilbara region.

9. Lindsay Fox

Net Worth: $2.9 Billion

Industry: Transporation

Lindsay Fox is an Australian businessman and the founder of Linfox, the Australian logistics company which was founded in 1956. The company is the country’s biggest privately held logistics company with more than 5,000 trucks across ten countries throughout the Asia-Pacific region. He dropped out of school due to his lack of academic interest at age 16 to become a truck driver like his father, buying his first truck at age 19. Although the trucking tycoon is no longer involved in everyday running of the business as he now leaves management to his two sons Peter and Andrew, the business is still booming well.

8. Kerr Neilson

Net Worth: $3 Billon

Industry: Investment.

Kerr Neilson, the co-founder and the managing director of Platinum Asset Management is another Australian billionaire who is listed on Forbes list of the richest people in Australia. After the entrepreneur moved to Sydney from South Africa a decade earlier to work for Bankers Trust Australia, he co-founded international equities fund manager Platinum Asset Management in 1994. He retains 55.5% of his company after partially cashing out in a well-timed 2007 IPO. He is often compared to Warren Buffett due to his ability to consistently select high-performing stocks.

7. Anthony Pratt

Net Worth: $3.5 Billion

Industry: Manufacturing

Anthony is the Chairman and CEO of Pratt Industries and Global Chairman of Visy Industries, the world’s largest privately owned packaging and paper company. The Pratts’ wealth, has more than tripled since he took over the Visy packaging and recycling businesses in Australasia and the U.S. in 2009. The business was started in 1948  by his grandfather Leon and was further expanded by his late father Richard. Anthony runs the branch of the company in the U.S., where Pratt Industries is the largest manufacturer of corrugated cardboard.

6. John Gandel

Net Worth $3.6 Biullion

Industry: Shopping Malls

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John Gandel is a real estate investor and philanthropist. He earned the bulk of his fortune in the development of commercial real estate as well as shopping centers situated in Melbourne, Victoria. He inherited his parents’ women’s clothing business (then called Sussan) in the 1950s. He then developed it with his brother-in-law Marc Besen into a chain of more than 200 stores. He later purchased Chadstone Shopping Centre in 1983 and sold Sussan to his brother-in-law in 1985 to focus fully on real estate. He subsequently made his own money from shopping centres.

5. Ivan Glasenberg

Net Worth: $4.4 Billion

Industry: Mining

Ivan Glasenberg is the chief executive officer of Glencore, one of the biggest commodity trading and mining companies in the globe. He also sits on the boards of mining companies Xstrata plc and Minara Resources Ltd. He earned money when the company went public in 2011. The entrepreneur obtained his MBA from the University of Southern California in 1983 and then joined the late legendary oil trader Marc Rich, working as a marketer in the coal and coke department in his native South Africa.

4. James Packer

Net Worth: $4.7 Billion

Industry: Casinos

James Packer is the son of late media mogul kerry Packer and grandson of Sir Frank Packer. He obtained his Higher School Certificate at Cranbrook School in Bellevue hill Sydney. He is now chairperson of Crown Limited, one of the country’s biggest entertainment and intergrated resort groups.   Crown’s Australian resorts attract more than 25 million visits every year. His gaming empire, Crown Ltd owns casinos in Australia and has a joint venture–Melco Crown Entertainment–in Macau and Manila with billionaire Lawrence Ho.

3. Frank Lowy

Net Worth: $5 Billion

Industry: Shopping Malls

Frank Lowy, an Australian business tycoon is a co-founder of the Westfield Group, operator of more than 100 shopping centers spread across different countries including Australia, New Zealand, the United States and the United Kingdom. He chairs both; sons Peter and Steven operate Westfield Corp, which owns 44 malls in the U.S, U.K. and Europe. Scentre, which listed in June 2014, has 47 malls in Australia and New Zealand. In October 2014, the family increased its stake in Westfield Corp.

2. Harry Triguboff

Net Worth: $5.6 Billion

Industry: Property

Harry Oscar Triguboff is an Australian billionaire and a residential property developer. He is the founder and managing director of Meriton, Australia’s largest apartment builder mostly in Sydney.  He started his working life in the textile business, shifting to real estate in the early 1960s. He has built up more than 55,000 apartments, earning him the nickname “High Rise Harry.

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