Talking about the richest entrepreneurs in Australia. While being a very lucrative country for entrepreneurs to kick start a good and profitable business, Australia is popular for having numerous millionaires.
Most of these rich people have investments and shares in different companies and organizations. Therefore, they tend to have steady and passive annual incomes in millions and billions of dollars.
Here today I would be listing some of the entrepreneurs who have been considered the 10 richest in Australia based on their personal net worths.
But before then let’s see who is the richest man and woman in Australia and what they do before we proceed.
Table of Contents
Who Is the Richest Woman in Australia?
It may surprise you to know that the person who bares this title, is also regarded as the richest person in Australia.
She is known to have a personal net worth of over $31 billion in her possession and isn’t planning on saying goodbye to the financial world anytime soon.
This is none other than the Australian mining tycoon Gina Rinehart who is also the chairman of Hancock Prospecting at the moment.
Her father Lang Hancock owns the business, which engages in “mineral exploration and exploitation.”
The Most Richest Entrepreneur in Australia, What He Does Do, and His Net Worth?
Australian businessman and philanthropist Andrew Forrest has remained the richest man in Australia for a couple of years now.
He keeps this prestigious position by having in his possession a personal net worth of approximately $27 billion.
And although he is best recognized for serving as the former CEO of the Fortescue Metals Group, he also has interests in other sectors of the mining business and cattle ranches.
10 Richest Entrepreneurs in Australia
We’ve done a lot of research work and compiled for you a list of ten of the richest entrepreneurs in Australia. This ranking was done basically relying on their status as billionaires. This listing should therefore provide you with the names and net worth of these guys. As well as a brief summary of what they do and how they earn their money.
- Gina Rinehart – $31.06 billion
- Andrew Forrest – $27.25 billion
- Harry Triguboff – $21.2 billion
- Anthony Pratt – $20.09 billion
- Frank Lowy – $20.01 billion
- Scott Farquhar – $20 billion
- Mike Cannon-Brookes – $19.4 billion
- James Packer – $5.5 billion
- John Gandel – $4 billion
- Lindsay Fox – $3.2 billion
1. Gina Rinehart
Australian mining tycoon Gina Rinehart is the chairman of Hancock Prospecting at the moment. However, it was her father Lang Hancock who owns the company which engages in “mineral mining and exploitation.”
Rinehart was born and raised in Perth, Western Australia, and she briefly attended the University of Sydney. She ultimately decided to leave her studies behind and move in with her father at Hancock Prospecting.
Hence, when her father passed away in 1992, Rinehart received 76.6% of the company’s shares. Now, with a total assets of $31billion, she is one of the wealthiest women in the world and the richest person in Australia.
2. Andrew Forrest
Businessman and philanthropist Andrew Forrest is from Australia. He is renowned for his time as the CEO of Fortescue Metals Group, although he also has stakes in other areas of the mining sector and in cattle ranches.
Forrest reached the top spot in terms of wealth in Australia about ten years ago. And even though he may no longer hold that position, he remains in the top 10 with his $27billion net worth.
3. Harry Triguboff
Triguboff has had a strong and lengthy career. In all, he has over 55000 flats in his name, earning him the moniker “High Rise Harry.”
He was able to overtake the previous year’s holder of the top rank for wealth in Australia, however, his reign was brief. Hence, he now ranks third among the richest entrepreneurs in Australia, with a net worth of $21 billion.
4. Anthony Pratt
The leading private paper packaging business in the world, Visy Industries and Pratt Industries in America, are both led by Mr Patt.
His hardworking and diligent nature has made it possible for him to possess an average net worth of $20.09billion. Hence putting him on our list of wealthy entrepreneurs in Australia.
5. Frank Lowy
Australian-Israeli businessman Frank Lowy serves as the chairman of Westfield Corporation, a multinational firm that operates shopping centers in the US, Europe, and the UK.
Together with John Saunders, Lowy formed Westfield Group in 1960; however, three years ago, it was divided into two distinct businesses.
Frank Lowy, whose net worth is $20.01 billion, is now Australia’s fifth richest person cheers to the success of Westfield.
6. Scott Farquhar
Scott Farquhar, co-founder of the colossal software company Atlassian, is the sixth richest person in the nation and has an average net worth just short of $20 billion.
Farquhar paid a then-record-breaking $75 million for the former Fairfax Family residence Elaine in Point Piper.
7. Mike Cannon-Brookes
The other Atlassian co-founder and seventh-richest person in Australia is Mike Cannon-Brookes.
A fervent advocate for renewable energy, Cannon-Brookes broke his business partner’s real estate record by paying a record-breaking $100 million for the house next door.
8. James Pecker
James Packer is a businessman and investor from Australia. Consolidated Press Holdings Limited, which owns Crown Resorts, Zhaopin Pty Ltd, and other businesses, was given to Packer as his inheritance.
He served as the former executive chairman of Consolidated Media Holdings and Publishing and Broadcasting Limited (PBL), two companies that primarily had media assets on various platforms.
James Packer joined the list of the richest entrepreneurs in Australia in 2017 due to his estimated net worth of $5.5 billion.
10. John Gandel
Gandel built up most of his money via creating commercial real estate, as well as through Melbourne, Australia, shopping malls.
In addition to this, John Gandel received a large portion of his wealth from his parents. They belonged to the Sussan women’s apparel chain and were Polish immigrants.
9. Lindsay Fox
Lindsay is currently the non-executive Chairman of Linfox, which was created in 1956. The biggest private logistics company in Australia is Linfox, which operates more than 5,000 trucks in 10 different countries throughout the Asia-Pacific area.
Lindsay discovered it, and he gave its names from the combination of his own names Lindsay and Fox.
Being a digital entrepreneur or running a mining conglomerate will give you the best chance of getting ridiculously wealthy in Australia. At least, that’s what our analysis of these richest entrepreneurs in Australia indicates.