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Wealth


RICH LIST

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RICH LIST 2023


EXPLORE 


RICH LIST 2023

Tracking the fortunes of Australia’s richest since 1983 | The new must-have: a
tropical island | Why a Lamborghini might be your best-ever investment

16 stories


RICH LIST 2022

Australia’s most comprehensive guide to who’s on the up, and who’s down for the
count.

6 stories


RICH LIST 2021

The insider’s analysis of what the top end of town are doing with their money.

6 stories


RICH LIST 2020

The pandemic has delivered either a blow or a windfall to Australia’s most
wealthy.

7 stories


RICH LIST 2019

In its 37th year, you need a cool $472m to make the club of Australia’s Rich
200.

8 stories


FEATURED

 * Rich women


RINEHART BLAMES HANCOCK PAY GAP ON ‘HELPING WOMEN’ INTO MINING

A 22 per cent gender pay gap at Hancock, versus a 15 per cent for all miners, is
the temporary result of getting more women into the industry, Gina Rinehart
says.

 * 1 hr ago
 * Michael Bailey and Yolanda Redrup

 * Rich women


AUSTRALIA’S 75 RICHEST WOMEN NOW CONTROL MORE THAN $151B

The wealth of Australia’s richest 75 women soared by 30 per cent over the past
year, as entrepreneurs in resources, tech, property and fashion enjoyed the
fruits of a resurgent market.

 * 1 hr ago
 * Michael Bailey and Yolanda Redrup

 * Rich families


THE SUM YOU NEED TO MAKE IT INTO THE TOP 1PC IN AUSTRALIA

Joining the top 1 per cent of wealthy Australians became easier last year as the
country’s rich were hit with a weaker Aussie dollar and slowing economic growth.

 * Feb 29, 2024
 * Primrose Riordan

 * Active investing


WEALTHY FAMILIES ARE TRYING SOMETHING NEW – DITCHING THE SECRECY

There’s a new breed of private investment vehicle for the super rich. And
they’re less interested in managing money out of view than making more of it.

 * Feb 26, 2024
 * Primrose Riordan

 * Investigation
 * Mining


THE COUNTRY’S MOST SECRETIVE BILLIONAIRES ARE ABOUT TO GET MUCH RICHER

Angela Bennett never wanted the family business. The daughter of prospector
Peter Wright almost sold it all. Now it’s about to become a bonanza.

 * Feb 16, 2024
 * Primrose Riordan and Tom Rabe


Advertisement


FEATURED

 * Philanthropy


FORRESTS GIVE $150M TO GENDER EQUALITY FUND

Billionaires Andrew and Nicola Forrest have put the largest grant from their
Minderoo Foundation towards work to create a fairer world for women and girls.

 * Feb 14, 2024
 * Brad Thompson

 * Exclusive
 * Food & drink


ZAMBRERO BILLIONAIRE SUES FORMER CEO TO STOP HIM TAKING CREDIT

Sam Prince has accused Stuart Cook of “misleading or deceptive conduct” in
talking up his work on the Mexican-themed restaurant chain’s success.

 * Feb 9, 2024
 * Primrose Riordan

 * Analysis
 * Mining


RINEHART TURNS 70 AT LEGAL AND LITHIUM CROSSROADS

As Australia’s richest person hits her milestone birthday, the market is testing
Hancock Prospecting’s appetite for becoming a serious lithium force.

 * Feb 7, 2024
 * Brad Thompson

 * Earnings season


LUXURY MARKETPLACE CETTIRE LOOKS TO CHINA AS FIRST-HALF SALES SOAR

The company says demand for Tom Ford and Gucci fashion and accessories remains
healthy, with first-half sales up 89 per cent. The stock surged 25 per cent.

 * Updated Feb 7, 2024
 * Carrie LaFrenz

 * Vulcan Energy


RICH LIST FORTUNES GOUGED BY GREEN METALS SLUMP

The wealth of mining executives and investors has taken a hit from the falling
price of lithium and other minerals used in the transition from fossil fuels.

 * Feb 7, 2024
 * Tom Richardson


FEBRUARY

 * Exclusive
 * Private banking


FORMER CREDIT SUISSE, HSBC BANKERS TARGET ULTRARICH WITH NEW BANK

Volans opens its doors in May. It already has 17 employees on its books and is
in the process of applying for a banking licence.

 * Feb 4, 2024
 * Primrose Riordan

 * Voice to parliament


THE HEAVY HITTERS BEHIND AUSTRALIA’S BIGGEST CONSERVATIVE LOBBY GROUP

Australia’s richest businesspeople have become major backers of Advance
Australia, which helped lead the “no” campaign at the Indigenous Voice to
parliament referendum.

 * Updated Feb 1, 2024
 * Primrose Riordan and Andrew Tillett


JANUARY

 * Commercial real estate


SENIOR EXECS STEP UP TO STEER LANG WALKER’S LEGACY

The Rich List developer had already put in place succession planning within his
vast property business early last year, handing over responsibility for running
the company to a trusted group of lieutenants.

 * Jan 29, 2024
 * Nick Lenaghan

 * Exclusive
 * Banking products


CRYPTO BROTHERS, ENTREPRENEURS SHOOT UP RICH LIST AS BITCOIN RISES

Here are the Rich Listers basking in a bull run which has, in some cases, added
tens of millions of dollars to their net worth in just three months.

 * Updated Jan 12, 2024
 * Primrose Riordan and Andrew Turner

 * Retail


WHY THIS BILLIONAIRE’S GIFT CARD COMPANY IS STILL LOSING MONEY AFTER 10 YEARS

Prezzee, which sells gift cards and is backed by Shaun Bonett, has shown a $40
million loss but says accounting rules are to blame.

 * Jan 8, 2024
 * Primrose Riordan and Nick Bonyhady


Advertisement
 * Exclusive
 * Property investment


INSIDE THE DESCENT INTO CHAOS AT A CHINESE BILLIONAIRE’S CATTLE EMPIRE

“My view was that animals would die, employees would leave, the companies would
be sued, and then more cattle would die.”

 * Jan 5, 2024
 * Primrose Riordan

 * Mergers & acquisitions


RICH LISTER RAPHAEL GEMINDER POISED TO SNARE PACT

Kin Group has moved to an 85 per cent stake in the packaging group as a higher
takeover bid gains traction.

 * Jan 3, 2024
 * Simon Evans

 * Exclusive
 * Property development


BUCKERIDGE FAMILY TO RELAUNCH SALE OF WEST AUSTRALIAN BUILDER BGC

The company recorded a $63 million loss for the last financial year, according
to new accounts. Construction costs had jumped 50 per cent in two years, it
said.

 * Jan 2, 2024
 * Primrose Riordan

 * Exclusive
 * Rich Listers


HOW SOME RICH LISTERS DOUBLED THEIR FORTUNE IN 2023 WHILE OTHERS FELL

The boom in IT stocks burnished the fortunes of Australia’s top tech
entrepreneurs, while the crypto millionaires made a comeback.

 * Jan 2, 2024
 * Primrose Riordan and Andrew Turner


DECEMBER 2023

 * How I Made It


HOW SAM KENNARD BUILT A $2.6B EMPIRE

The influential business figure always had ambition to work and grow the family
company. But he didn’t expect his dad to give him total control when he was just
24 years of age.

 * Dec 18, 2023
 * Julie-anne Sprague

 * Exclusive
 * Commercial property finance


SAM ARNAOUT ARRIVES AT HUDSON HOUSE, HEADQUARTERS OF THE VERY RICH

The billionaire publican has snapped up the offices once occupied by late
television king Reg Grundy, signalling a changing of the guard among Sydney’s
rich.

 * Dec 13, 2023
 * Primrose Riordan and Campbell Kwan

 * Mergers & acquisitions


SIGMA COULD SHED CUSTOMERS AFTER CHEMIST WAREHOUSE MERGER

The deal, creating an $8.8 billion retail and wholesaling giant, could even be
blocked by competition regulators, according to analysts at Morningstar.

 * Dec 12, 2023
 * Carrie LaFrenz and Tom Richardson

 * Rich Listers


CHEMIST WAREHOUSE DUO TO CLIMB RICH LIST AFTER SIGMA DEAL

Documents associated with the merger, which will create a retail giant, show for
the first time the precise shareholdings of Jack Gance and Mario Verrocchi.

 * Dec 11, 2023
 * Michael Bailey

 * Exclusive
 * Gambling


RICH LISTER’S ONLINE CASINO EMPIRE FEELS HEAT OF US LAWSUITS

The wildly profitable business operated by the Perth billionaire is facing legal
challenges in US two states, and a crackdown on digital gambling in a third.

 * Dec 11, 2023
 * Primrose Riordan

 * Mergers & acquisitions


INFLUENTIAL PHARMACY LOBBY COMES OUT AGAINST CHEMIST WAREHOUSE DEAL

The Pharmacy Guild says the proposed reverse listing of the company into Sigma,
creating an $8 billion giant, posed “significant questions and risks”.

 * Dec 7, 2023
 * Carrie LaFrenz


Advertisement
 * Commercial real estate


AHMED FAHOUR TO LEAD RICH LISTER TIM GURNER’S $15B PROPERTY EMPIRE

The former Latitude Financial and NAB chief executive’s latest gig is to drive
the expansion of the luxury apartments and wellness platform, Gurner Group.

 * Dec 7, 2023
 * Nick Lenaghan

 * Pubs


JUSTIN HEMMES’ $3B PROPERTY EMPIRE OUTGROWS NIGHTLIFE ROOTS

The billionaire has spent at least $900 million building a sprawling hospitality
and residential empire. But there’s one business he is happy to leave in the
shadows.

 * Updated Dec 4, 2023
 * Primrose Riordan

 * How I Made It


HOW CATHIE REID WENT FROM TYPING CLASS TO A $550M FORTUNE

The Rich Lister originally wanted to be a typist. Instead, she became a
pharmacist before she spotted a gap in the market and become an entrepreneur
alongside husband Stuart Giles.

 * Dec 4, 2023
 * Julie-anne Sprague

 * Mergers & acquisitions


RICH LISTER RETURNS TO HIS ROCK’N’ROLL ROOTS WITH $180M US DEAL

The microphone mogul behind Rode has ambitions to be the world’s biggest
provider of pro audio gear, most of it made in Australia.

 * Dec 4, 2023
 * Michael Bailey


NOVEMBER 2023

 * Israeli-Palestinian conflict


‘IDIOTIC THING TO DO’: SPONSOR SAYS STC HAS ‘LEARNT ITS LESSON’

Robert Magid, whose Pier One Hotel sponsors the besieged theatre company, said
his support hinged on no evidence of management collusion in Saturday’s
pro-Palestinian protest emerging.

 * Nov 30, 2023
 * Michael Bailey

Show More


LATEST STORIES

 * The Fin


WHY THE GENDER PAY GAP WILL GET WORSE BEFORE IT GETS BETTER

This week on The Fin podcast, BOSS editor Sally Patten and reporter Hannah
Wootton on why the gender pay gap exists, who are the worst offenders and what
can be done to fix it.

 * 47 mins ago

 * Interest rates


PATIENT POWELL STILL EXPECTS RATE CUTS IN 2024

The US economy appears nowhere near the point of falling into recession, Federal
Reserve chairman Jerome Powell said, but he noted it remains unclear when the
central bank may cut interest rates.

 * 1 hr ago

 * Russia-Ukraine war


RUSSIAN MISSILE HITS CLOSE TO ZELENSKY, GREEK PREMIER

“These people don’t care, they have either gone insane or they don’t control
what their terroristic army is doing,” Zelensky said about the Russian military.

 * 1 hr ago

 * Divorce


IT’S DIVORCE SEASON. THIS IS WHAT TO DO ABOUT MONEY

The end of summer holidays and return to work is a peak period for couples to
reassess their marriage. Here are 10 financial and tax issues to keep in mind.

 * 1 hr ago


Advertisement


THE AUSTRALIAN FINANCIAL REVIEW MAGAZINE


AUSTRALIA’S FAVOURITE SPORTS TEAM IS NO LONGER MALE. WILL THE DOLLARS FOLLOW?

 * Zoe Samios


 * THIS BOOZE-FREE SPRITZ IS ONE OF MAX ALLEN’S TOP SUMMER DRINKS


 * WHICH AIRLINES HAVE THE LONGEST BEDS, WIDEST SEATS AND BEST RECLINE?


BOSS FINANCIAL REVIEW


HOW THE AFL’S INTROVERTED CEO WILL WIN OVER NSW AND QUEENSLAND

 * 1 hr ago
 * Patrick Durkin


 * WHY THE REAL ASEAN ACTION HAPPENS ON THE SIDELINES


 * WHAT ONE OF AUSTRALIA’S TOP BANKERS THINKS ABOUT THE PAY GAP


LIFE & LEISURE


MERCEDES-BENZ’S GLC300 IS A CLASSY FAMILY CAR. BUT IS IT EXCITING?

 * 1 hr ago
 * Tony Davis


 * HOW THE DISCOVERY OF OLD PHOTOS EXPOSED AN ANCESTOR’S HIDDEN TALENT


 * HIKING IS GREAT FOR STRATEGISING ABOUT WORK, SAYS THIS FOUNDER


RICH LIST


RINEHART BLAMES HANCOCK PAY GAP ON ‘HELPING WOMEN’ INTO MINING

 * 1 hr ago
 * Michael Bailey and Yolanda Redrup


 * AUSTRALIA’S 75 RICHEST WOMEN NOW CONTROL MORE THAN $151B


 * MEET THE NEXT WAVE OF SELF-MADE WOMEN

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