Financial Review Rich List 2024

This article is about the Financial Review Rich List published in 2024. For general information about the list, see Financial Review Rich List.

The Financial Review Rich List 2024 is the 41st annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 30 May 2024.

The net worth of the wealthiest individual, Gina Rinehart, was $40.61 billion; while the net worth of the 200th wealthiest individual, Christian Beck, was $718 million; up from $690 million for the 200th individual in 2023. The combined wealth of the 200 individuals was calculated as $624.9 bn, an increase of $61.9 bn on the previous year; compared with a combined wealth of $6.4 bn in 1984 when the BRW Rich 200 commenced.[1][2] Forty-one women were included on the 2024 Rich List, representing 20.5 per cent of the list; down from thirty-six women in 2023, or 18 per cent. The list included eleven debutants.[1]

Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; and has been the wealthiest Australian individual since 2020.[3] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked fourth in the 2021 Rich List, after Andrew Forrest,[2] Australia's wealthiest individual in 2008,[4][5] and Mike Cannon-Brookes. Harry Triguboff was Australia's wealthiest individual in 2016,[6][7] ranked second in the 2024 Rich List.[1]

List of individuals

2024[1] Name Citizenship Source of wealth 2023
Rank Net worth
A$ bn 		Rank Net worth
A$ bn
1 40.61 Gina Rinehart Australia Hancock Prospecting; investment 1 37.41
2 26.49 Harry Triguboff Australia Meriton Apartments 4 23.80
3 24.38 Mike Cannon-Brookes and Annie Cannon-Brookes Australia Atlassian 6 19.01
4 23.30 Anthony Pratt and family Australia Visy; Pratt Industries 3 24.30
5 22.88 Scott Farquhar Australia Atlassian 7 18.16
6 22.75 Clive Palmer Australia Mineralogy and other mining interests; hospitality 5 23.66
7 16.92 Nicola Forrest Australia Fortescue Metals Group n/a not listed
8 16.76 Andrew Forrest Australia Fortescue Metals Group 2 33.29
9 14.86 Ivan Glasenberg Australia[8]
South Africa
Switzerland[9]		 Glencore commodities trading 8 13.60
10 13.62 Melanie Perkins and Cliff Obrecht Australia Canva 9 13.18
11 11.63 Richard White Australia WiseTech Global; Technology 11 9.11
12 11.30 Kerry Stokes Australia Property; Seven West Media; resources 12 7.45
13 10.64 Alan Wilson and family Australia Reece Group 14 6.51
14 9.33 Sir Frank Lowy Australia ex-Westfield; property 10 9.33
15 8.16 Vivek Chaand Sehgal Australia Motherson Sumi Systems 24 4.20
16 6.94 John Gandel Australia Property (shopping centres) 15 6.33
17 6.81 Cameron Adams Australia Canva 13 6.59
18 6.08 Suzanne Walker and family [note 2] Australia Walker Corporation (property) 16 5.81
19 5.85 Len Ainsworth and family Australia ex-Aristocrat Leisure; Gaming; manufacturing 17 5.22
20 5.69 James Packer Australia ex-Crown Resorts; ex-Consolidated Media Holdings 18 4.95
21 5.69 Lindsay Fox Australia Linfox; property 23 4.35
22 5.04 Angela Bennett Australia Mining 20 4.63
23 4.88 Jack Cowin Australia Competitive Foods Australia; investment 22 4.36
24 4.72 Solomon Lew Australia Premier Investments; retail 25 3.97
25 4.62 Morry Fraid, Zac Fried and family Australia Retail; property 26 3.95
26 4.51 Ed Craven Australia Gaming 35 3.11
27 4.32 Greg Goodman and family Australia Goodman Group; property 30 3.71
28 4.20 Chau Chak Wing Australia Property; investments 21 4.43
29 4.13 Alexandra Burt and Leonie Baldock Australia Resources 29 3.85
30 4.09 Terry Snow and family Australia Capital Airport Group; property 29 3.90
31 3.97 Kie Chie Wong and family Malaysia Investor; resources 39 2.78
32 3.92 Jack Gance and Sam Gance Australia Chemist Warehouse; retail 51 2.38
33 3.83 Michael Heine and family Australia Financial services 42 2.67
34 3.75 Laurence Escalante Australia Gaming 27 3.90
35 3.75 Lachlan Murdoch United States
United Kingdom
Australia[10]		 Media 33 3.35
36 3.60 Brett Blundy Australia Retail; property; agriculture 34 3.33
37 3.42 Michael Hodgson Australia Property 31 3.50
38 3.39 Gerry Harvey and Katie Page Australia Harvey Norman 37 2.91
39 3.38 Mario Verrocchi Australia Chemist Warehouse 52 2.35
40 3.35 Hui Wing Mau China
Australia[11]		 Shimao Property 19 4.90
41 3.33 Sam Kennard and family Australia Kennards Self Storage 43 2.63
42 3.19 Prudence MacLeod Australia News Corporation and News UK 45 2.57
43 2.98 Stephen, Richard and Michael Hains and family Australia Investment 38 2.90
44 2.92 John Van Lieshout Australia Retail 41 2.72
45 2.89 Anthony Hall Australia Pro Medicus; Technology 75 1.85
46 2.88 Betty Klimenko, Monica Weinberg-Saunders and family Australia ex-Westfield Group Property 40 2.76
47 2.71 Gary Tieck, Paul Tieck and family Australia ex-Franklins; Property; investment 64 2.02
48 2.71 Andrew Budzinski Australia IC Markets; financial services 32 3.42
49 2.68 Bob Ell Australia Property 48 2.43
50 2.67 John Hancock Australia Hancock Prospecting 47 2.44
51 2.66 Bianca Rinehart Australia Hancock Prospecting 49 2.42
52 2.65 Ginia Rinehart Australia Hancock Prospecting 46 2.47
53 2.65 Hope Rinehart Welker Australia Hancock Prospecting 50 2.20
54 2.64 Sam Alter and family [note 3] Australia Retail 44 2.60
55 2.61 Sam Arnaout Australia Hospitality; property 57 2.23
56 2.55 David and Vicky Teoh Australia ex-TPG; Telecommunications 82 1.70
57 2.51 Tony Perich and family Australia Agriculture; property; So Natural, Narellan Town Centre 36 3.06
58 2.50 Chris Thomas Australia Agriculture 54 2.27
59 2.43 Nigel Austin Australia Cotton On Group; retail 65 2.00
60 2.36 Nick Politis Australia Retail; property 58 2.14
61 2.29 John Casella and family Australia Agriculture; Casella Family Brands 67 1.97
62 2.27 Tim Heath Australia Technology; gaming n/a not listed
63 2.25 Paul Little Australia Toll Holdings 76 1.83
200 0.718 Christian Beck Australia Technology 185 0.747

Removed from the 2024 list

The following individuals, who appeared on the Financial Review Rich List 2023, did not appear on the 2024 list:

Notes

  • ^1 : Individual was listed on a previous year's list, that was not the 2023 Rich List.[12]
  • ^2 : Previous years' listing was in the name of Lang Walker. Walker died on 27 January 2024.[13]
  • ^3 : Previous years' listings was in the name of Maurice Alter. Alter died on 13 April 2018.

See also

References

  1. ^ a b c d Redrup, Yolanda; Bailey, Michael (30 May 2024). "Australia's wealthiest 200 now control $625b". Australian Financial Review. Nine Publishing. Retrieved 4 June 2024.
  2. ^ a b Kruger, Colin (30 October 2020). "What crisis? Red dirt billionaires still rule the rich list". Sydney Morning Herald. Retrieved 31 October 2020.
  3. ^ Jackson, Sally (23 May 2012). "The $29.17 billion woman: Gina Rinehart tops BRW's Rich List". The Australian. Archived from the original on 8 June 2014. Retrieved 23 May 2012.
  4. ^ Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". News.com.au. Australia. Australian Associated Press. Retrieved 27 July 2011.
  5. ^ "BRW Rich 200 2011 Wealth Index". BRW. Australia. 25 May 2011. Archived from the original on 28 September 2011. Retrieved 27 July 2011.
  6. ^ Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Australian Financial Review. Australia. Retrieved 7 June 2016.
  7. ^ Ong, Thuy (26 May 2016). "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. Australia. Retrieved 7 October 2019.
  8. ^ 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.
  9. ^ 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.
  10. ^ 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.
  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. ^ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  13. ^ Ibrahim, Tony (28 January 2024). "Billionaire property developer and businessman Lang Walker dies". ABC News. Australian Broadcasting Corporation. Retrieved 28 January 2024.
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