Latest news with #Penrite
News.com.au
06-06-2025
- Automotive
- News.com.au
Supercars, Perth: Matt Payne fastest through practice sessions
Just like the Socceroos did the night before, rising New Zealand star Matt Payne timed his run to perfection to jump to the top of the timesheets during Friday's two wild practice sessions for the Perth Super 440. Following on from his blistering finish to win the last Supercars race in Tasmania four weeks ago, the 22-year-old Kiwi uncorked another sizzling lap in his Penrite Ford Mustang to leapfrog his rivals and send them a clear message that he means business. 'Credit to the guys. They did an awesome job,' Payne said. 'I know we've got the best crew here. 'We're working our (backsides) off to get this thing fast and thankfully we did. It's pretty cool. Press on for tomorrow.' After finishing 16th in the first practice session then getting caught in traffic behind David Reynolds approaching the end of the second hitout, Payne calmly resettled himself for one more shot just before the chequered flag was waved. Driving flat to the boards, Payne nailed it and lapped the Wanneroo Raceway in 54.3903 seconds, setting the stage for an epic finish to a mammoth week in Perth after the Socceroos' thrilling win over Japan that all but secured Australia's place at next year's FIFA World Cup. 'It's just part of our session, I knew we were going to get a little bit baulked by Reynolds there, so I just backed out of it and went again,' Payne said. 'Everyone stayed cool, and it's a really, really awesome turnaround from practice 1, which wasn't ideal for us rolling out of the truck the way we did. 'It's a real credit to the guys to get it tuned up and get it to the front for practice 2.' Anton De Pasquale was second quickest, just 0.0856s behind Payne, with Thomas Randle third, just ahead of current championship leader Broc Feeney, who released a video of himself behind the wheel of his Chevrolet Camaro competing in a tug-o-war with NRL and NRLW stars from the Bulldogs. With qualifying set to take place on Saturday then three races split over the weekend, no-one is taking anything for granted with the top seven cars all from different teams. Sitting third on the championship standings after winning three of the last six races, Payne was feeling upbeat about his rapid turnaround but was also wary about reading too much into the results. 'It's tough. It's only two 30 minute practice sessions so you got to squeeze everything you can in,' he said. 'We did a really good job of just going through what we did in practice 1. We tried a lot so yeah credit to the guys, they did an awesome job.' The second session was red flagged when Lochie Dalton spun into the sand and almost rolled his car, while a lot of drivers complained about blistering on their super soft tyres on a track known for wearing out the rubber. Another Kiwi, Jaxon Evans set the pace in the opening practice session after benefiting from a rule giving new drivers an extra set of tyres. 'It's really nice to finish the session on top, the first time I've done it in Supercars,' he said. 'Being my second year in the championship, I get an extra set of tyres, so we obviously put them to good use. 'It's just nice to know that the car is fast and I hope we can continue that way for the rest of the weekend.'
7NEWS
29-05-2025
- Business
- 7NEWS
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
