Latest news with #RichList
AU Financial Review
2 days ago
- Business
- AU Financial Review
Who was Australia's richest person in 2000? Take our weekly quiz
Another week, another news cycle moving faster than the ASX oscillates between optimism and gloom. From Canberra's corridors to the Rich List, there's been no shortage of curious headlines. Those who kept pace with inflation, Trump's tariffs, and the LNP's shadow ministry shake-ups are already ahead of the curve.
AU Financial Review
2 days ago
- Business
- AU Financial Review
Why our new inheritocracy is bad for the country
It's 25 years since I worked on my first Rich List, but my little ritual hasn't changed. Each year, when the new edition is published, I turn not towards the top of the list, but to the bottom. The Rich List is a living, breathing thing, and the debutants that join the list each year keep it fresh and vital, and help us understand how Australian business is changing. The stunning arrival this year of infrastructure investor Mike Dorrell, ranked seventh with a fortune of $13.9 billion is a case in point, as are the debuts of entrepreneurs from sectors such as retail, critical minerals and manufacturing.
AU Financial Review
2 days ago
- Business
- AU Financial Review
Australia's wealthiest 200 revealed, fortunes blow past $667b
It's been a year of mixed fortunes. Retailer margins have been squeezed, equities investors have been on a roller coaster and coal prices have softened, and yet the country's 200 largest fortunes have collectively leapt 6.9 per cent to $667.8 billion. Topping the Financial Review Rich List for the sixth year in a row is iron ore queen Gina Rinehart, with an estimated net worth of $38.1 billion. Her dominance is matched by that of the resources sector, which continues to be the largest industry by value (worth more than $141 billion) represented on the Rich List. Miners increased their total wealth in 2025, even though key players have gone backwards.
7NEWS
3 days ago
- 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
Daily Mail
3 days ago
- Business
- Daily Mail
Awkward moment Karl Stefanovic discusses Australia's richest people - after his huge pay gap with co-host Sarah Abo is revealed in similar list
Karl Stefanovic experienced an awkward moment during a segment on Thursday's Today show about Australia's richest people. The veteran presenter, 50, was discussing The Financial Review Rich List when reporter Jayne Azzopardi said Gina Rinehart topped the list with a whopping $38.1 billion. ' New South Wales has been named as the wealthiest state. It is home to 81 Rich Listers,' Jayne told co-hosts Karl Stefanovic and Sarah Abo. 'However, Gina Rinehart's wealth dropped by $2billion!' Karl then revealed his theory as to why her fortune slightly dipped. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. 'You see, she gives so much away to charity,' Karl said. In a bizarre moment, Karl then trailed off about his own friendship with Rinehart and her love of good quality meat. He said he had personally dined with the Aussie heiress and said she served only the finest cuts. 'Her steak - have you eaten her meat? She's got delicious meat, some of the best steak I have ever had. That will surprise no one, that I have eaten really expensive steak,' Karl boasted. Sarah then asked Karl what one of Gina's prize steaks was worth, but he remained tight-lipped. The segment follows reports that disputes over pay parity in TV Land could be set to erupt again following a bombshell report revealing the salaries of Australian television's brightest stars. The Australian's inaugural TV Rich List report claimed that Nine star Karl is currently being paid an eye-watering $2million more than his co-host Sarah. The report has collated the 35 highest salaries among TV stars on Australia's three commercial networks - Channel Seven, Nine and Network 10. It revealed he was the highest paid small screen star, bringing home a formidable $2.8million annually, making almost three times as much as Sarah, 39. This is in stark contrast to his Today counterpart who comes in at tenth place with a salary of $800,000. It was also reported that his salary is almost as much as sitting chief executive Matt Stanton ($1.6 million) and his predecessor Mike Sneesby ($1.5 million) combined. It appears that Nine has the deepest pockets out of the three commercial networks, with six of its stars making the top ten. The Block host Scott Cam trailed close behind Stefanovic on $2.4million, while Lego Masters star Hamish Blake sits third on $2million. The top ten Nine contingent is rounded out by newsreaders Alison Langdon ($1.2million), Peter Overton ($1 million) and Sarah. Meanwhile Seven's highest paid star, Gold Logie winner Larry Emdur, sits in fourth place on $1.6million, while Sunrise host Natalie Barr came in fifth on $1.3million. While there is quite a considerable gulf in salary between Karl and Sarah, the former has been in the Today chair for almost two decades while his co-host joined in 2023. Karl wears a few different caps at Nine, having worked as a reporter on 60 Minutes as well as helming the short-lived series, This Time Next Year.
