Palmer has also battled WA Premier Mark McGowan in court and has also tried, unsuccessfully so far, to launch new coal-mining projects in Queensland. The collective wealth was $479.6 billion in 2021. Kilbirnie Investments has a series of automotive dealerships and horticulture assets, predominantly in South Australia and Victoria. Sector: Automotive | Revenue: $406.8m | Last Years Ranking: 45. This is also known as Online Behavioural Advertising. The dramatic shift from mining and property to technology to generate wealth in Australia has made Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar, and Canva's Melanie Perkins and Cliff Obrecht among the country's top 10 richest people. Australias rich lost a lot of money in 2022 and it could get worse for some billionaires this year, but others could buck the trend. Thanks for signing up to the InDaily newsletter. Meeting the need for economy-wide, unified and trusted public services. 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. Financial Review Rich List 2022: Gina Rinehart, Andrew Forrest, Mike Gina Rinehart tops the list with a massive $32.64 billion wealth. Thats less than the $16.5 billion they achieved when the Young Rich List was published in October but still almost double the wealth they held on the 2021 Rich List. Sector: Other | Revenue: $44.9m | Last Years Ranking: 79. But what really excites the Decjuba founder is her ambition to change millions of lives. 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. Shes one of Australias most successful and most wealthy retailers. At #10 another mining magnate Ivan Glasenberg maintains a worth of $9.10 billion. 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. You can. Sector: Food and beverage | Revenue: $84m | Last Years Ranking: 62. CLICK HERE FOR THE FULL INTRODUCTION AND METHODOLOGY.. Rex Minerals Limited is a mineral exploration and development company. Media diversity is under threat in Australia nowhere more so than in South Australia. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 13. The technology revolution has arrived, changing the face of the ranks of Australias wealthiest individuals. Nova Eye Medical develops novel glaucoma treatment technologies. Peregrine Corporation is South Australias largest private employer, with over 5000 employees. Richest People in South Australia, AU - Net Worth Fellow mining magnate Andrew Forrest came in second with a combined wealth of $31.77 billion. Financial Review Rich List 2021 - Wikipedia Sector: Energy | Revenue: Not meaningful | Last Years Ranking: Unranked. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. See The Lists newest members. ASX to slip; Vanessa Hudson to lead Qantas, Top philanthropists say Yes with $17m to support Voice campaign, The high-stakes gamble at the heart of the Voice, How to barbecue pork chops like this smoking-hot new restaurant, The CEO of this $1b company sold everything from make-up to chicken, Why investors want more control over companies climate plans, How does this CEO do it all? Billionaire Clive Palmer has enlisted former attorney-general Christian Porter to his legal team as he chases a massive damages payout from Australia under international trade laws. Hickinbotham is a major residential developer, building homes in and around Adelaide. Samuel Smith & Son is a family-owned wine merchant established in 1923, servicing the Australian liquor industry with a portfolio of national and international wines, spirits and premium ales. Here are the ones with the most at stake. The data,. Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. The face of philanthropy is changing, as wealthy donors draw on values often inculcated in them as children and align themselves with like-minded organisations. Harry Triguboff (AUD$20.81 Billion) Property giant Harry Triguboff is no stranger to rich lists. Sector: Healthcare | Revenue: $3.7m | Last Years Ranking: 60. Sector: Financials | Revenue: Undisclosed| Last Years Ranking: 32. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Sector: Building and construction | Revenue: $470.3m | Last Years Ranking: 40. Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. Hes spent $46m on yachts and $32m on private jets, as financial records show Clive Palmer reaped about $1bn in the past year. 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. Creditors include four entities in billionaire Anthony Pratts Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron. Business was different in those days, he says. Meet the little-known powerhouses, including one worth $1bn, who made The Richest 250 for the first time. Palmer derives most of his income from a controversial deal with CITIC Pacific over the huge Sino Iron project in Western Australias Pilbara mined on land he gained control over in the 1980s. The spectacular success of Gina Rineharts Roy Hill mine has been almost 30 years in the making, with some nailbiting moments along the way | THE LIST: Australias Richest 250. That the Bras N Things and Sanity Music founder could get away with an offer for the budget retailer less than its previous closing price is a sign of his stellar reputation. Established in 1862, Coopers is the sole major brewer 100 per cent owned by Australians, claiming about 5% of the Australian beer market. Mike Cannon-Brookes is worth $26.20 billion and and Scott Farquhar $25.99 billion. Alcidion Group Limited is a health informatics company providing clinicians with decision support tools. Some of the countrys biggest property developers give a snapshot of the market now and what should be hot or not as the nation recovers from COVID-19. Sector: Retail and fuel | Revenue: $2.9b | Last Years Ranking: 5. The veteran Queensland property developer will wait and see what effects COVID-19 might have on the sector. Meet the 250 mining magnates, property kings, retail queens, manufacturing giants and technology titans in the countrys most extensive annual survey of wealth. Rich list 2021: Gina Rinehart, Andrew Forrest among Australia's top 200 Although he did have to give up skiing recently. The returnees include Flight Centre founder Graham Turner. Small-cap stock guru David Paradice sold out of headline maker GameStop late last year, potentially missing out on a billion-dollar position, but he says hes still sleeping well at night. While she hasnt moved rank in the last year, she has added another $1.58 billion to her name. Founded by current executive director Joe Collins in 1996, the Adelaide headquartered company now has offices across eight locations including New York, London, Manchester, Melbourne, Sydney, Adelaide, Perth and a Global Service Delivery Centre in Colombo, Sri Lanka. The volatility inherent with tech firms, whose founders tend to be the younger members of the list, is also borne out in the omission of Kain Warwick, who was marching strongly towards the Rich List gates when he featured on the cover of Octobers Young Rich List. Woolworths reports 8pc increase in sales. Founded in 1886, Angove Family Winemakers is a 5th generation, family-owned winery that produces premium South Australian wines, mainly from the McLaren Vale region. The worlds richest people lost $2.1 trillion between them last year. Sector: Professional services | Revenue: $300m | Last Years Ranking: 34. The list is published annually in January in an online format and updated daily, also online. Mannix Electrical Pty Ltd is an electrical contracting business that specialises in air conditioning, home heating and solar. But there are others also making big money in fashion. Community CPS Australia (Beyond Bank), 24. Tic:Toc is a finance technology company that launched in 2017 to provide cheaper home loans using proprietary technology. Since 1870, the family business has processed wool and traded it across the globe. In #4 and #5 are the co-founders of software development company Atlassian. Your contribution goes directly to helping our journalists uncover the facts, InDaily uses cookies. Matthews Hotels is a hospitality company that owns and operates a range of hotels in Adelaide, Mount Gambier and Whyalla. See the full Australias Richest 250 list, Billionaire central: The top 5 richest suburbs, Meet the 30 women who have made their mark. It is critical that members of a family trust know what is to happen to trust assets if any of the key people die. Ahrens Group is a construction, engineering and mining services company, delivering a range of project services from design, steel fabrication and procurement through to construction and project delivery. The more established players built wealth this year. The total valuation of Australias 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list. It is still one of the biggest profits for a private Australian company in recent memory, and shows how successful Rinehart has been with the huge Roy Hill mine that she had to negotiate a complex $US7.2 billion debt package to start a decade ago. Other big names who had been expected to grace the pages were Cettires Dean Mintz, whose wealth has plunged from $617 million in November to $232 million in line with the falling share price for his online luxury retail group. Sparc Technologies Ltd develops innovative graphene-based technology solutions. Andrew Forrests R.M. The average age of members is 65, with 98-year-olds Len Ainsworth (Aristocrat Leisure and Ainsworth Game Technology . CAMMS specialises in integrated software solutions for risk, strategy, and project management and grew its revenue by 24 per cent to $19.578 million in 2020-21. Adelaide Airport is the fourth-largest domestic airport and sixth-largest international airport in Australia, processing more than 7.7 million passengers annually. Pratt has a market share of about 7 per cent in America, where he has said steady growth is forever, but dominates the Australian industry. Sector: Engineering | Revenue: $52 million | Last Years Ranking: 84. Sector: Agriculture | Revenue: $1.7b | Last Years Ranking: 11. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. Mossop is a construction and interiors company working on commercial, education, health, hospitality and residential projects. The total wealth held by the nation's richest 100 self-made entrepreneurs aged 40 or under has plunged 27 per cent . Australia's richest property powerbrokers revealed Micro-X produces, designs, develops and manufactures a range of ultra-lightweight, mobile x-ray imaging systems for medical and security applications. Provisional subclass 491 visa. Help using this website - Accessibility statement, delivers the list its youngest-ever member. Sector: Hospitality | Revenue: $56 million | Last Years Ranking: Unranked. Sector: Agriculture | Revenue: $100m | Last Years Ranking: 49. So who has bought one? Image: The Australian. Hancock Prospectings flagship Roy Hill mine delivers a $3.3 billion dividend despite weaker iron ore prices. She doesnt. Please click below to help InDaily continue to uncover the facts. Can restaurant king Justin Hemmes take on Melbourne? But NSWs most wealthy people still have plenty of cash to play with. The overall wealth of the 10 richest people represents 40 per cent of the record $554.9 billion held by this years Rich Listers. But he once tried to join the Army, which would have meant Australias biggest tech company may not have been born | THE LIST: Our richest 250. The secretive Perth trio behind Wright Prospecting got a huge payday as the price of iron ore surged during 2020. The tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. 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. The countdown finishes today with the full list, including the top 20 which features some newcomers. Sector: Packaging | Revenue: $544m | Last Years Ranking: 36. Theres no superyacht access but plenty of room for a tennis court. Sector: Infrastructure and transportation | Revenue: $1.1b | Last Years Ranking: 12. Known . Hillgrove Resources Limited is an Australian mining and resources company primarily focused on the development of the Kanmantoo Copper mine. He is also responsible for the Financial Review's Rich Lists. Despite the sell-off, the 2022 Rich List marks a record year for wealth creation. Mayne Pharma Group is a specialty pharmaceutical company focused on applying its drug delivery expertise to commercialise branded and generic pharmaceuticals. Robern Menz is a confectioner with products including FruChocs and Violet Crumble.
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