Australia is a huge country which is apparently home to some very rich people. And here is a list of top 10 richest people in Australia.
Top 10 richest people in Australia
- Gina Rinehart:
Gina Rinehart, one of the richest independent women who was born on 9th February 1954 in Perth, West Australia. Gina Rinehart was the only child of Hope Margaret Nicholas and Lang Hancock. Gina Rinehart was first married to Greg Milton and had two children John Langley, and Bianca Hope are was later divorced then again she got married to lawyer Frank Rinehart and had two children Gina and Hope. On 1990 Frank passed away. Gina Rinehart took over her late father’s bankrupted estate. She was able to make her father estate much larger and was able to rebuild it out of the bankrupt. She has not just one but has a hand in many organisations. The one that brought a huge amount of fortune was a joint venture with Rio Tino named Hope Downs. Another was a massive Roy Hill project which is known as the one of the best iron ore in Western Australia; this was when she started shipping her products to Asia. Gina Rinehart is said to be the largest owner of prime Wagyu cattle in Australia and is also a share of ownership in ten television network. She now has a net worth of $15.2Billion according to Forbes.
- Harry Trigubuff:
Harry was born on 3rd March 1933 in Dalian, China who later moved to Australia at 1947. He then got his education at The Scots College in Sydney and graduated with a degree in textiles from the University of Leeds in England. He started his early business and South Africa and Israel and later came to Australia at 1960 and got his citizenship at 1961. Then he bought some land in Roseville, Sydney and started building apartment blocks. He then founded Meriton since 1963. Now Meriton is known as Australia’s biggest residential property developer. His ultimate masterpiece was said to be World Tower, created in 2004, was apparently considered as one of the tallest residential towers in Sydney during that time. He has more than 65,000 apartments and this net worth according to Forbes is $8.6 Billion.
- Frank Lowy:
Frank Lowy was born on 22 October 1930 in Fil’akavo, Czechoslovakia. In nationality, he is an Australian- Israeli, when the world war II broke up he lived in Budapest and then shift to France, where he left on ship Yagur where he was caught on the route by British and was send to a detention camp in Cyprus. He then joined in various groups and fought in a war, but later he came to Australia to join his family and then he started a small business. He and his friend John Saunders opened an organisation called Westfield Development Cooperation in partnership. And in 30 years they opened shopping centres around the Australia and United States. In 1987 John Saunders left the company, and later Frank Lowy was appointed as director of the Reserve Bank of Australia in 1995 and was reappointed again in 2000 and 2003. He has been chairman of his company for 55years but then stepped down his position in October 2015. Frank Lowy now has a net worth of $5.2Billion according to Forbes.
- Anthony Pratt:
Anthony Pratt born on April 11, 1960, in Melbourne graduated in Economics honours degree in 1983 from Monash University. He joined McKinsey & Co and later became the general manager n the Visy Board of Visy. He then joined his father’s company Pratt Industries as Deputy Chairman. After his father had passed away, he took the company as CEO and Chairman in 2009. In 1991, Anthony expanded his business to the US that resulted in one of the greatest fortunes. Pratt Industries is known as Visa in U.S.A which is Australia’s number one private company and Pratt’s net worth according to Forbes in $4.5 Billion.
- James Packer:
James Packer was born in Sydney, Australia; he was the son of Kerry Packer and Roslyn. Packer studied at Cranbrook School in Bellevue Hill, Sydney. After graduating high school, he began to work on his father’s Newcastle Waters Cattle Station, Barkly Tableland where he worked as a jackeroo.
After his family’s death, Packer caught interested and created a worldwide gambling empire named Crown which is now one of the Australia’s largest entertainment and resort groups. Crown’s two Australian resorts, Crown Melbourne and Crown Perth, feature over 2,300 hotel rooms, VIP villas, gaming areas, resort pools, luxury spas, signature restaurants and retail, convention centres and live entertainment venues. Every year Crown’s Australian resorts attract over 25 million visits. According to Forbes James Parker has a net worth of $2.3 billion.
- John Gandel:
John Gandel was born on 1935 in Australia. He was the son of Sam Gendel and Fay Gandel. In the 1950s, John took over his family’s business of women clothing named Sussan with his brother-in-law where they succeeded to expand the chain of the store up to 200 stores. Later he bought the Chadstone Shopping Centre and then sold Susan to his brother in law, and it was when he developed the Shopping Centre and made it as one of the largest Shopping Centre in Australia. John has according to Forbes has a net worth of $4billion.
- Lindsey Fox:
Lindsey Fox was born on 19 April 1937 in Prahan, where he started his education ay Melbourne High School, but soon enough he was drop out due to lack of academic when he was 16, and he started working as a truck driver, and this is how Linfox was founded. He started the company with one truck in 1956. It is now Australia’s biggest privately held Logistics Company that has more than 5000 trucks across ten countries throughout Asia-Pacific region. His company which he no longer is involved as he has passed down it to his sons, Peter and Andrew as executive chairman and ran property division respectively, the company still continues to expand and now has new contracts with Thailand’s Yum and paint company Deluxe. The company also has a half share in a business part and ailing airport. And Fox owns Melbourne Amusement Park and Luna Park. His net worth according to Forbes is 3.2Billion.
- David Teoh:
David Teoh was born in 1955, Malaysia who founded TPG company with his wife Vicky in 1992, and he is an executive chairman of the company. TPG Telecom transformed from a computer retailer to major Internet service provider in Australia. Teoh has owned more than a third of the company with his wife Vicky but is no longer involved. According to Forbes, his net worth is $1.54Billion.
- Fiona Geminder:
Fiona was born on 1st Jan 1965 in Melbourne, Australia. She is the youngest daughter of late packaging tycoon Richard Pratt. She owns 40% of plastic packaging business Pact Group with husband Raphael Geminder. She also had a share is Visy where it is divided into her siblings. She doesn’t have much out information as unlike other rich people she prefers to live her life with secrecy. According to Forbes, she is a net worth of $2.6Billion.
- David Hains:
David Hains was born in Circa, 1931 and was a graduate from the University of Melbourne where he started as an engineer and cooperate restructurer. He then worked for his family’s private hedge fund, Portland House Group which resulted in fortune in his career. His three sons also followed their father’s footstep and began to lead. Hains has stopped working for seven years in 1960 to improve his golf game with legendary Australian coach Norman Von Nida, but later he became known for restructuring companies like Us steelmaker Wheeling- Pittsburgh. According to Forbes, his current net worth is $1.99Billion.