Financial Review Rich List 2020

This article is about the Financial Review Rich List published in 2020. For general information about the list, see Financial Review Rich List.

The Financial Review Rich List 2020 is the 37th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review in The Australian Financial Review Magazine on 30 October 2020.[1]

The net worth of the wealthiest individual, Gina Rinehart, was A$28.89 billion; while the net worth of the 200th wealthiest individual, Nigel Satterley, was A$540 million; up from A$472 million for the 200th individual in 2019.[2] The combined wealth of the 200 individuals was calculated as A$424 bn, an increase of A$72 bn on the previous year;[3] compared with a combined wealth of A$6.4 bn in 1984 when the BRW Rich 200 commenced.[1][3] The list included nineteen debutants, including three of Rinehart's children.[4]

Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; peaking in 2012, when her net worth was assessed at A$29.17 bn.[5] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked third in the 2020 Rich List, after Andrew Forrest AO,[3] Australia's wealthiest individual in 2008.[6][7] Harry Triguboff AO was Australia's wealthiest individual in 2016,[8][9] ranked seventh in the 2020 Rich List.[1]

List of individuals

2020[1] Name Citizenship Source of wealth 2019[10]
Rank Net worth
A$ bn 		Rank Net worth
A$ bn
1 28.89 Gina Rinehart  Australia Hancock Prospecting; investment 2 13.81
2 23.00 Andrew Forrest AO  Australia Fortescue 8 7.99
3 19.75 Anthony Pratt  Australia Visy; Pratt Industries 1 15.57
4 18.06 Hui Wing Mau  People's Republic of China
 Australia[11]		 Shimao Property 4 10.39
5 16.93 Mike Cannon-Brookes  Australia Atlassian 11 9.75
6 16.69 Scott Farquhar  Australia 12 9.63
7 14.42 Harry Triguboff AO  Australia Meriton Apartments 3 13.54
8 9.18 Clive Palmer  Australia Mineralogy and other mining interests; hospitality 15 4.09
9 8.30 Sir Frank Lowy AC  Australia ex-Westfield; property (shopping centres) 7 8.57
10 6.26 Kerry Stokes AC  Australia Property; Seven West Media; resources 11 5.69
11 5.45 John Gandel AC  Australia Property (shopping centres) 10 6.60
12 4.93 Alan Wilson and family  Australia Reece Group 16 4.07
13 4.69 James Packer  Australia Crown Resorts; Consolidated Media Holdings 13 4.94
14 4.63 Vivek Chaand Sehgal  Australia Motherson Sumi Systems 12 5.50
15 4.60 Chau Chak Wing  Australia Property; investments 58 1.55
16 4.54 Ivan Glasenberg  Australia[12]
 South Africa
 Switzerland[13]		 Glencore commodities trading 9 7.17
17 4.51 Jack Cowin  Australia Competitive Foods Australia; investment 25 2.79
18 4.42 Len Ainsworth AM and family  Australia Gaming; manufacturing 17 4.01
19 4.27 Lang Walker  Australia Walker Corporation (property) 14 4.67
20 4.10 Richard White  Australia Technology 20 3.31
21 3.83 Angela Bennett  Australia Mining 28 2.62
22 3.76 Lachlan Murdoch  United States
 United Kingdom
 Australia[14]		 Media 18 3.62
23 3.72 Lindsay Fox AC  Australia Linfox; property 21 3.31
24 3.72 Solomon Lew  Australia Premier Investments; retail 24 2.83
25 3.62 Alexandra Burt and Leonie Baldock  Australia Resources 31 2.38
26 3.43 Melanie Perkins and Cliff Obrecht  Australia Canva n/a not listed
27 3.19 Terry Snow AM  Australia Capital Airport Group; property 43 1.86
28 2.93 David Hains  Australia Investment 23 2.90
29 2.73 Betty Klimenko, Monica Weinberg-Saunders and family  Australia Property 32 2.37
30 2.60 Sir Michael Hintze GCSG, AM  Australia
 United Kingdom		 Retail; investment 26 2.72
31 2.57 Gerry Harvey  Australia Harvey Norman Holdings 40 1.90
32 2.54 David and Vicky Teoh  Australia Telecommunications 38 2.03
33 2.33 Michael Hodgson  Australia Property 33 2.34
34 2.31 Maurice Alter and family  Australia Retail 35 2.33
35 2.24 Marcus Besen and family  Australia Retail 34 2.34
36 2.24 Prudence MacLeod  Australia News Corporation and Times Newspapers 22 3.10
37 2.20 Brett Blundy  Australia Retail; property; agriculture 39 2.00
38 2.13 Peter, Andrew and Lex Greensill  Australia
 United Kingdom		 Financial services; agriculture 75 1.21
39 2.05 Bianca Rinehart  Australia Hancock Prospecting 19 3.61
40 2.05 John Hancock  Australia Hancock Prospecting n/a not listed
41 2.05 Hope Welker  Australia Hancock Prospecting n/a not listed
42 2.05 Ginia Rinehart  Australia Hancock Prospecting n/a not listed
43 2.05 Tony Perich and family  Australia Agriculture; property 36 2.05
44 2.04 Kie Chie Wong and family  Australia Investor; resources 103 0.896
45 2.03 John Van Lieshout  Australia Retail 29 2.51
46 2.02 Greg Goodman and family  Australia Goodman Group; property 61 1.43
47 1.98 Bob Ell  Australia Property 44 1.84
48 1.95 Ye Lipei  Australia Property 37 2.05
49 1.92 Nigel Austin  Australia Cotton On Group; retail 27 2.68
50 1.86 Nick Molnar  Australia Afterpay; technology 194 0.487
51 1.86 Anthony Eisen  Australia 195 0.487
52 1.86 Tim Roberts  Australia Ex-Multiplex; investment 30 2.72
53 1.83 Michael Heine and family  Australia Financial services 57 1.55
54 1.79 Sam and Andrew Buckeridge and family  Australia Buckeridge Group of Companies 41 1.88
55 1.79 Russell Withers and family  Australia Retail 67 1.33
56 1.77 Gretel Packer AM  Australia Crown Resorts; investment 80 1.16
57 1.69 Paul Salteri AM and family  Australia Investment 54 1.57
58 1.67 Andrew Budzinski  Cyprus IC Markets; financial services n/a not listed
59 1.67 Paul Little AO  Australia Toll Holdings 45 1.77
60 1.59 Jonathan Munz and family  Australia Manufacturing 53 1.58
61 1.58 Khalil Shahin and family  Australia Retail 59 1.49
62 1.57 John Casella and family  Australia Agriculture 55 1.55
63 1.54 Bruce Mathieson  Australia Gaming; investments 68 1.32
64 1.53 Sam Tarascio  Australia Property 46 1.72
65 1.49 Alex Waislitz  Australia Investment 56 1.56
66 1.48 Raymond Barro and family  Australia Construction 49 1.65
67 1.47 Hamish Douglass  Australia Financial services 117 0.805
68 1.46 Chris Mackay  Australia Financial services 104 0.890
69 1.44 Judith Neilson  Australia Investment 65 1.35
70 1.43 Chris Wallin  Australia QCoal; resources 42 1.88
71 1.42 Peter Gunn  Australia Logistics; investment; property 77 1.19
72 1.41 Morry Fraid, Zac Freid and family  Australia Retail; property 50 1.61
73 1.38 Kerr Neilson  Australia Financial services 60 1.49
74 1.37 Chris Thomas  Australia Agriculture 64 1.39
75 1.36 Paul Lederer  Australia Ex-Primo smallgoods; investment 70 1.31
76 1.35 Maha Sinnathamby  Australia Residential property 72 1.27
77 1.32 Eddie Hirsch  Australia United Petroleum n/a not listed
78 1.32 Avi Silver  Australia n/a not listed
79 1.31 Nick Politis AM  Australia Retail; property 74 1.23
80 1.30 Alan Rydge  Australia Rydges Hotels & Resorts; Event Cinemas 52 1.58
81 1.28 Huang Bingwen and family  Australia Manufacturing 48 1.69
82 1.25 Con Makris and family  Australia Property 69 1.32
83 1.25 Nicholas Paspaley and family  Australia Paspaley Pearls 83 1.12
84 1.21 Bill Roche and Imelda Roche AO  Australia Retail 62 1.42
85 1.20 Nechama Werdiger and family  Australia Property 66 1.34
86 1.19 John Richards and family  Australia Waste management 133 0.729
87 1.17 Lyn Ingham and family  Australia Ex-Inghams Enterprises; manufacturing 79 1.17
88 1.17 Reg and Hazel Rowe  Australia Super Retail Group; property 85 1.10
89 1.16 Robert Millner and family  Australia Soul Patts; investment 71 1.30
90 1.13 Sandy Oatley and family  Australia Agriculture; property; tourism 87 1.09
91 1.12 Sam Chong  Australia Resources; hotels 73 1.24
92 1.10 John Kahlbetzer  Australia Agriculture 47 1.70
93 1.10 Jack Gance  Australia Chemist Warehouse; retail 92 0.989
94 1.08 Ralph Sarich AO  Australia Investment; property 76 1.20
95 1.08 Dick Honan  Australia Manildra Group 102 0.905
96 1.08 Dale Elphinstone  Australia Elphinstone Group; mining services 116 0.814
97 1.06 Raphael Geminder  Australia Manufacturing 98 0.957
98 1.06 Mario Verrocchi  Australia Chemist Warehouse 97 0.960
99 1.06 Shaun Bonétt  Australia Precision Group; property 90 1.00
100 1.02 Trevor Lee  Australia Agriculture 136 0.705
101 1.00 Justin Hemmes  Australia Hotels; property 88 1.06
102 1.00 Denis Wagner and family  Australia Construction; mining services 84 1.10
103 1.00 Chris Ellison  Australia Resources 148 0.661
104 1.00 Cameron Adams  Australia Canva n/a not listed
105 0.994 Jamuna Gurung and Shesh Ghale  Australia Melbourne Institute of Technology 78 1.18
106 0.992 Gordon Fu and family  Australia Property 89 1.04
107 0.983 Peter Scanlon and family  Australia Patrick Corporation 93 0.977
108 0.922 Chris Morris  Australia Computershare; financial services 82 1.13
109 0.904 Rod Spooner and family  Australia Property 113 0.834
110 0.896 Lloyd Williams  Australia Property; thoroughbreds 100 0.914
111 0.892 Bruce Gordon  Australia Media 134 0.728
112 0.891 John Symond AM  Australia Ex-Aussie Home Loans 157 0.638
113 0.884 Laurie Sutton  Australia Retail 96 0.966
114 0.871 Joy Chambers-Grundy  Australia Media 108 0.871
115 0.866 Ervin Vidor AM and Charlotte Vidor  Australia Property; hotels 95 0.973
116 0.853 Mark Creasy  Australia Resources 149 0.660
117 0.839 Shangjin Lin and family, Yunhui Lin  Australia Property 107 0.882
118 0.817 Eddie Machaalani  Australia Technology n/a not listed
119 0.835 Manny Stul and family  Australia Moose Toys; retail 51 1.60
120 0.834 Marnie Lewis-Millar, Shay Lewis-Thorp and family  Australia Property 110 0.851
121 0.827 Andrew Roberts  Australia Ex-Multiplex; property 106 0.885
122 0.820 Anthony Hall  Australia Technology 186 0.514
123 0.802 Rod Duke  Australia Briscoe Group 127 0.761
124 0.798 Spiros Psarras  Australia Travel; property 99 0.931
125 0.795 Naomi Milgrom AO  Australia Sussan; Sportsgirl; Suzanne Grae 121 0.781
126 0.793 Harry Stamoulis and family  Australia Manufacturing 125 0.767
127 0.791 Allan Myers AC, QC  Australia Investment; agriculture 123 0.771
128 0.783 Tony Walls  Australia Technology n/a not listed
129 0.780 Mitchell Harper  Australia Technology n/a not listed
130 0.777 Cyan and Collis Ta'eed and family  Australia Technology 94 0.974
131 0.775 Theo Karedis  Australia Retail; property 115 0.815
132 0.770 Frank Costa AO and family  Australia Agriculture 118 0.802
133 0.764 Diana and Rino Grollo  Australia Property 171 0.583
134 0.761 Sam Hupert  Australia Technology n/a not listed
135 0.760 Larry Kestelman  Australia Dodo Services; telecommunications 122 0.772
136 0.758 Arnold Vitocco  Australia Property 130 0.746
137 0.754 Peter Cooper  Australia Financial services 191 0.491
138 0.740 Brian Flannery  Australia Resources 63 1.40
139 0.733 Neil Rae and family  Australia Ex-Gull Petroleum 135 0.713
140 0.732 Travers Duncan  Australia Resources; property 132 0.731
141 0.731 Robert Whyte  Australia Investment 161 0.620
142 0.728 John Singleton AM  Australia Media; investment; property 145 0.670
143 0.724 Paul Baiada and family  Australia Manufacturing; food production 114 0.816
144 0.721 Nick DiMauro  Australia Property 155 0.646
145 0.720 Jonathan Hallinan  Australia Property 119 0.798
146 0.715 George Koukis[note 1]  Switzerland Software n/a not listed
147 0.703 Ian Malouf  Australia Waste services 159 0.623
148 0.702 Richard Smith  Australia Food services 91 1.00
149 0.699 Trevor St Baker AO  Australia Energy 154 0.647
150 0.695 Ori Allon  United States Technology 142 0.672
151 0.694 Peter Hughes and family  Australia Agriculture 188 0.506
152 0.693 Michael Boyd  Australia Sonic Healthcare 189 0.503
153 0.691 Christian Beck  Australia Technology 101 0.905
154 0.690 Kerry Harmanis  Australia Resources 147 0.662
155 0.687 Greg Poche AO  Australia Ex-StarTrack 156 0.639
156 0.684 George Kepper  Australia Technology; property 165 0.600
157 0.684 Paul Fudge  Australia Media 138 0.682
158 0.683 Kim McKendrick and family  Australia Ex-Godfrey Hirst Carpets 144 0.670
159 0.680 Jina Chen and Alex Wu  Australia Healthcare 128 0.758
160 0.667 Diane Burger and family  Australia Property 153 0.651
161 0.665 Max Beck  Australia Property 143 0.671
162 0.664 Robert Magid AM  Australia Property 140 0.677
163 0.662 Kevin Seymour and family  Australia Property 124 0.768
164 0.655 Greg Coffey  United States Financial services 192 0.491
165 0.646 Andrew and Michael Buxton  Australia Property 151 0.655
166 0.645 Zig Inge and family  Australia Property 158 0.637
167 0.644 Terry Peabody  Australia Ex-Transpacific; investment 152 0.655
168 0.643 Barry Lambert and family[note 1]  Australia Financial services n/a not listed
169 0.639 Don McDonald and family  Australia Financial services n/a not listed
170 0.634 Jack Bendat AM  Australia Property 139 0.679
171 0.632 Rhonda Wyllie and family  Australia Investment 162 0.615
172 0.629 John Higgins  Australia Investment; services 169 0.593
173 0.617 Owen Kerr  Australia Financial services 181 0.538
174 0.613 David Paradice  United States Financial services 167 0.596
175 0.611 Garry Rothwell  Australia Property 150 0.656
176 0.608 Will Vicars  Australia Financial services 185 0.517
177 0.605 Bob Rose[note 1]  Australia Property n/a not listed
178 0.601 Leon Kamenev  Australia Ex-Menulog; technology 163 0.605
179 0.600 Zeljko Ranogajec  Isle of Man Gaming 164 0.600
180 0.594 Judy Brinsmead  Australia Construction n/a not listed
181 0.584 Arthur Laundy  Australia Hotels 170 0.584
182 0.588 Gary Johnston  Australia Jaycar; retail n/a not listed
183 0.587 Charles Gibbon  Australia Technology n/a not listed
184 0.585 Tony Haggarty[note 1]  Australia Mining n/a not listed
185 0.581 Tim Gurner  Australia Property 141 0.672
186 0.580 Jiwan and Suman Mohan[note 1]  Australia Agriculture n/a not listed
187 0.579 Paul Blackburne  Australia Property 175 0.567
188 0.575 Ruslan Kogan[note 1]  Australia Kogan.com; technology n/a not listed
189 0.569 Geoff Lord[note 1]  Australia Resources n/a not listed
190 0.564 Bevan Slattery  Australia Technology n/a not listed
191 0.560 Tony Poli  Australia Resources; property 180 0.540
192 0.556 Gordon Martin  Australia Manufacturing 146 0.663
193 0.554 Grahame Mapp  Australia Investment 174 0.574
194 0.552 Larry Diamond  Australia Zip Co; technology n/a not listed
195 0.550 Cathie Reid and Stuart Giles  Australia Helathcare n/a not listed
196 0.549 Andrew Abercrombie  Australia Financial services 187 0.512
197 0.547 Sunny Ngai and family  Australia Manufacturing 166 0.598
198 0.546 Danny Hill  Monaco Property 172 0.582
199 0.545 Scott Hutchinson and family  Australia Construction 120 0.781
200 0.540 Nigel Satterley  Australia Satterley; property 176 0.564
Legend
Icon Description
Has not changed from the previous year's list
Has increased from the previous year's list
Has decreased from the previous year's list

Removed from the 2019 list

The following individuals, who appeared on the 2019 Financial Review Rich List, did not appear on the 2020 list:

2019[10] Name Citizenship Source of wealth Reason
(other than financial)
Rank Net worth
A$ bn
81 1.14 Jeff Chapman  Australia Financial services
86 1.10 Tim Kentley-Klay  Australia Technology
105 0.885 Patrick Grove  Australia Technology
109 0.852 Graham Turner  Australia Flight Centre; hotels
111 0.851 Geoff Harris  Australia Flight Centre; investment
112 0.842 Bill James  Australia Retail
126 0.765 Andrew Muir  Australia The Good Guys
129 0.755 Iris Lustig-Moar and Max Moar  Australia Property
131 0.745 Greg Farrell and family  Australia Federal Group; gaming
137 0.696 Mick Power  Australia Construction
160 0.623 Jamie Pherous  Australia Travel services
168 0.594 Christina and Tony Quinn  Australia Darrell Lea; retail
173 0.575 Graham Tuckwell Jersey Financial services
177 0.560 Tony Wales  Australia Ex-Computershare; investment
178 0.554 Jerry Schwartz  Australia Hotels
179 0.541 Kevin Maloney  Australia Mining services
182 0.530 Stephen Ring and family  Australia Ex-Swisse
183 0.523 Hilton Nathanson  Australia Financial services
184 0.520 Seumas Dawes  Australia Financial services
190 0.500 Ian Roberts  Australia Healthcare
193 0.489 Neville Bertalli  Australia Retail
196 0.486 Tobias Pearce and Kayla Itsines  Australia Technology
197 0.485 Alan and Irene Messer  Australia Healthcare
198 0.479 Steven Kalmin  Australia Glencore
199 0.479 Rod Jones  Australia Navitas Group
200 0.472 Patricia Ilhan  Australia Crazy John's

Notes

  • ^1 : Individual was listed on a previous year's list, that was not the 2019 Rich List.

See also

References

  1. ^ a b c d Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  2. ^ Marsh, Stuart (29 October 2020). "Gina Rinehart named Australia's richest person with $29 billion personal fortune". Nine News. Retrieved 31 October 2020.
  3. ^ a b c Kruger, Colin (30 October 2020). "What crisis? Red dirt billionaires still rule the rich list". Sydney Morning Herald. Retrieved 31 October 2020.
  4. ^ Sprague, Julie-anne; Bailey, Michael (28 October 2020). "Meet the debutants storming up the Rich List". Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  5. ^ Jackson, Sally (23 May 2012). "The $29.17 billion woman: Gina Rinehart tops BRW's Rich List". The Australian. Retrieved 23 May 2012.
  6. ^ Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". news.com.au. Australia. AAP. Retrieved 27 July 2011.
  7. ^ "BRW Rich 200 2011 Wealth Index". BRW. Australia. 25 May 2011. Archived from the original on 28 September 2011. Retrieved 27 July 2011.
  8. ^ Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved 7 June 2016.
  9. ^ Ong, Thuy (26 May 2016). "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. Australia. Retrieved 7 October 2019.
  10. ^ a b Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  11. ^ Chancellor, Jonathan (22 May 2013). "Billionaire property developer Hui Wing Mau the highest debutant on BRW Rich List". SmartCompany. Archived from the original on 26 July 2014. Retrieved 17 July 2014.
  12. ^ Wen, Philip (26 May 2011). "Mystery billionaire emerges from corporate shadows". Executive Style. Australia. Archived from the original on 9 October 2019. Retrieved 8 October 2019.
  13. ^ Glasenberg, Ivan (5 May 2013). "Letztlich macht es keine Differenz, ob Ihr Vermögen eine Milliarde beträgt oder sechs". SonntagsZeitung (Interview) (in German). Interviewed by Martin Spieler. Archived from the original on 6 May 2013. Retrieved 30 September 2019.
  14. ^ Jukes, Peter (2012). The Fall of the House of Murdoch: Fourteen Days That Ended a Media Dynasty. London: Unbound. ISBN 978-1-908717-43-6.
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