Gina Rinehart is Australia's richest person for sixth year in a row in 2025 Rich List
Mining magnate and businesswoman Gina Rinehart has topped the Australia Financial Review Rich List for the sixth year in a row, despite a $2 billion drop in wealth now putting her total worth at $38.11 billion.
The number of billionaires in Australia has risen to 161, up from 150 in 2024.
The Rich List also includes a record 16 billionaires in the elite '10-digit club' with wealth exceeding $10 billion.
'To qualify for the first Rich List in 1983 you needed a net worth of only $10 million,' Rich List editor Yolanda Redrup said.
'Today, the cut-off is a staggering $747 million.
'Making it onto the Rich List has never been harder, which makes the business achievements of this year's 10 debutants even more impressive.
'But, they are far from overnight successes. It took the Dymond family 46 years to build oil and automotive products company Penrite into an industry behemoth and earn themselves a place in the top 200.
'Likewise, brothers Shane and David Young have been building pet shop group Petspiration since 1991.
'Becoming a Rich Lister takes tenacity, hard work and, in many cases, patience.'
Canva creators Melanie Perkins and Cliff Obrecht come in at number six on the list.
Both aged in their late 30s, they are also the youngest on the list.
The couple have also joined the Giving Pledge, committing to giving at least half of their fortune away to philanthropic purposes.
Real estate developer Harry Triguboff, who came in at number two, is also the oldest person on the list at the age of 92.
Seven West Media chairman Kerry Stokes entered the top 10 at number 10, with a $12.69 billion net worth.
NSW has the most people on the Rich List with 81, followed by Victoria with 55, while the ACT, Northern Territory and Tasmania all only boast one person each on the Rich List.
Australia's 10 wealthiest people control an eye-watering $202 billion.
However, this is down from $222 billion last year, with AFR putting the 9.2 per cent slump on a tough year for iron ore miners such as Rinehart, Clive Palmer and Nicola Forrest.
Mining remains the largest sector for wealth creation, with a collective worth of $141.3 billion.
This is followed by the property market, worth $125.8 billion.
RICH LIST TOP 10
Gina Rinehart: $38.11 billion — Mining
Harry Triguboff: $29.65 billion — Property
Anthony Pratt and family: $25.85 billion — Manufacturing
Scott Farquhar: $21.42 billion — Technology
Clive Palmer: $20.12 billion — Mining
Melanie Perkins and Cliff Obrecht: $14.14 billion — Technology
Michael Dorrell: $13.85 billion — Investment
Ivan Glasenberg: $13.3 billion — Mining
Nicola Forrest: $12.83 billion — Mining
Kerry Stokes: $12.69 billion — Media
RICH LISTERS BY STATE
NSW — 81
VIC — 55
QLD — 22
WA — 18
ACT — 1
NT — 1
TAS —1
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