REVEALED: Australia's 10 richest people and how much they're worth
Iron ore magnate
Gina Rinehart
may still be Australia's richest person but that massive pile of dosh is now just a little shorter than it was last year.
The name behind the Hancock Prospecting and Hancock Agriculture empires — with assets stretching from Roy Hill and Atlas Iron through to Bannister Downs Dairy, Drizabone and Rossi boots — is worth $38.1 billion, according to this year's
Australian Financial Review Rich List
.
Compared to your bank balance that's still pretty decent, no?
Mrs Rinehart has now held the title for six-straight years, but this year's figure is 6 per cent down on where it stood last year thanks to a softer market for her No.1 earner, iron ore.
Weaker prices for the steel-making ingredient have also dented the fortunes of fellow miners
Andrew Forrest
and estranged wife
Nicola
, who's net worth now stands at $12.8b — down from last year's $16.92b and dropping her to ninth on the list of the top 10 wealthiest people in Australia.
Fortescue founder Mr Forrest disappeared from the list altogether.
Across the top 10, the AFR says their collective fortune now stands at $202b — down 9.2 per cent from a year ago.
Property developer
Harry Triguboff
held on to his spot at No.2 with $29.7b while packaging king
Anthony Pratt and Family
come in third with $25.9b.
Atlassian co-founder
Scott Farquahar
was fourth with $21.4b. But noticeably absent from the top 10 was his co-founder wingman Mike Cannon-Brookes.
Everyone's favourite litigant
Clive Palmer
has $20.1b, which put him at fifth, and Perth-born founders of online graphic design unicorn Canva,
Melanie Perkins
and
Cliff Obrecht
, held at sixth place with a small rise in their fortune to $14.1b.
Co-founder of infrastructure and asset management firm Stonepeak,
Michael Dorrell
, stormed into the charts to seventh, with an estimated net worth of $13.9b.
Former Glencore boss
Ivan Glasenberg
has $13.3b, earning him eighth spot.
Kerry Stokes
, chairman of Seven West Media and majority shareholder of the diversified SGH empire — which includes Boral, Coates Hire, WesTrac and investments in a host of resource and energy companies — was 10th with $12.7b.
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