$202 billion and 11% of Australia's GDP: Meet the top 10 billionaires
10. Kerry Srokes – $12.7 billion
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9. Nicola Forrest – $12.8 billion
8. Ivan Glasenberg – $13.3 billion
7. Michael Dorrel – $13.8 billion
6. Melanie Perkins & Cliff Obrecht – $14.1 billion
5. Clive Palmer – $20.1 billion
4. Scott Farquhar – $21.4 billion
3. Anthony Pratt & family – $25.9 billion
2. Harry Triguboff – $29.6 billion
1. Gina Rinehart – $38.1 Billion
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The Australian Financial Review (AFR) has released its 2025 Rich List, revealing the nation's wealthiest individuals. The top 10 richest individuals now hold a combined wealth equal to over 11% of the country's annual economic output.This year's list includes enduring magnates and notable newcomers. The top 10 hold a combined fortune of $202 billion, marking a 9.2% decrease from the previous year, mainly due to fluctuations in commodity prices.Below is the list of Australia's top 10 billionaires in reverse chronological order.Kerry Stokes is a media mogul and businessman. He chairs Seven Group Holdings, which controls the Seven Network, a top Australian TV broadcaster. He also has stakes in the construction and aged care sectors. Known for his philanthropic work, Stokes supports arts and education. Despite his success, he has faced criticism over media concentration and political influence.Following her separation from mining magnate Andrew "Twiggy" Forrest, Nicola has established herself as a billionaire independently. Her wealth largely comes from shares in Fortescue Metals Group, a major iron ore producer. Nicola is active in philanthropy, focusing on education and the arts, and maintains a low public profile compared to her ex-husband.Ivan Glasenberg is the former CEO and now major shareholder of Glencore, one of the world's largest commodity trading and mining companies. He built his fortune through strategic investments in mining and commodities. Glasenberg is known for his low-key personal life and has faced scrutiny over Glencore's environmental and ethical records.Michael Dorrel is an Australian businessman best known for his ventures in logistics and infrastructure. He co-founded the infrastructure investment firm IFM Investors, which manages substantial assets globally. Dorrel maintains a relatively private personal life and has been praised for his long-term investment approach.Melanie Perkins and Cliff Obrecht are co-founders of Canva , the globally popular graphic design platform. Their company has transformed digital creativity, reaching hundreds of millions of users worldwide. Perkins is noted as one of Australia's youngest billionaires and a leading female tech entrepreneur. Both are involved in philanthropy, supporting education and tech innovation.Clive Palmer is a mining magnate and controversial political figure. His wealth comes mainly from iron ore mining. Palmer founded the United Australia Party, which has stirred debates due to its heavy political spending. Critics argue his political activities are intended to safeguard and promote his business interests.Scott Farquhar is the co-founder of Atlassian, a global software giant. His innovative leadership helped Atlassian become a dominant player in enterprise software. Farquhar invests heavily in startups and supports climate change initiatives. He is known for his philanthropy in education and science.Anthony Pratt heads Visy Industries, a major packaging and recycling company with global reach. His business focuses on sustainability and innovation in materials management. Pratt is Australia's only billionaire in the packaging sector and is involved in charitable work, including support for medical research and education.Harry Triguboff is Australia's largest residential developer and the founder of Meriton Group. He has built thousands of apartments and significantly influenced urban development. Known for his blunt public comments, Triguboff has sometimes clashed with local authorities over housing policies. He remains a dominant force in Australian real estate.Gina Rinehart leads Hancock Prospecting, a mining company with large iron ore interests. She remains Australia's richest person for the sixth year running. Although her wealth dropped slightly due to the fall in the price of iron ore, she holds vast influence. Rinehart is known for her conservative political views and opposition to some tax reforms, which have sparked public debate.
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