Despite a fall in her fortune, Gina Rinehart goes on to top
the Australian Financial Review's Rich List for yet another year, while the
collective wealth of the 200 richest in the country has gone up.
On the one hand, the mining mogul Gina Rinehart has kept
her top position among the rich in Australia with $38.1 billion, on the other
hand, the "highest-ranked self-made debutant" entered the top 10.
According to the AFR's 2025 Rich List, Rinehart's net worth
was down 6 percent, on the back of falling iron ore prices, while the combined
wealth of Australia's 10 richest was off 9.2 percent to $202 billion.
The 200 however in net worth still mark up an increase.
Who are the top 10?
Rinehart, executive chairperson of private mining company Hancock Prospecting, has topped the list for six consecutive years.
Real estate developer and Meriton founder Harry Triguboff,
in second place, reportedly has a net worth of $29.7 billion.
Packaging and recycling mogul Anthony Pratt and family
third, with $25.9 billion, followed by Scott Farquhar at $21.4 billion.
Farquhar had previously stepped away from his position as
co-founder of the software company Atlassian last year, with his counterpart
Mike Cannon-Brookes missing this year's list.
Clive Palmer is fifth at $20.1 billion, while Melanie
Perkins and Cliff Obrecht, co-founders of graphic design software Canva, follow
with $14.1 billion.
The top 10 include former Glencore boss Ivan Glasenberg
($13.3 billion), philanthropist Nicola Forrest ($12.8 billion), and Seven GroupHoldings chairman Kerry Stokes ($12.7 billion).
Rich List Debuts
According to the AFR, there were 10 new entries this year,
including Michael Dorrell at No. 7. Six of these were counted among this year's
161 billionaires.
Dorrell is co-founder of infrastructure investment firm
Stonepeak, and his estimated $13.9 billion wealth made him the
"highest-ranked self-made debutant" in the history of the Rich List.
Other new entrants include brothers Shane and David Young, behind pet retailer Petstock ($0.8 billion), and Robert Chamberlain, behind travel aggregator Huno Group ($1.2 billion).
According to AFR, even after a 4.6 percent dip (by
aggregating $141.3 billion), mining is the largest sector by wealth creation
followed by property (increased by 5.5 percent to $125.8 billion).