He pulled out of a $346 million bid for renewable firm Genex Power with US private equity firm Stonepeak in January. Though he turned 90 in early March, he shows little signs of slowing down. Forrest has been outspoken for the best part of two years now about his Fortescue Future Industries, the subsidiary of Fortescue Metals Group that he wants to turn into one of the worlds biggest energy producers. The list, compiled for InDaily by Adelaide financial services firm Taylor Collison, is the state's most definitive guide to our top companies (scroll to the bottom of the page for eligibility criteria).. Get InDaily in your inbox. 2 / 10 1. Sector: Information technology and equipment | Revenue: $28.7m | Last Years Ranking: 43. 6. Hancock Prospectings flagship Roy Hill mine delivers a $3.3 billion dividend despite weaker iron ore prices. Sector: Agriculture | Revenue: Not meaningful | Last Years Ranking: 69. We also unveil the winners of the individual awards. At #7 Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. The group provides risk advice and general insurance broking. Of the 250 people on the list, only 30 of them are women, a slight improvement from last years 27. The Manly offering is part of family succession planning and follows Robert Magids sale of the Harbour Rocks Hotel in Sydney and the Hotel Lindrum in Melbourne. A unique collection of NFTs celebrates their success. That should stand them in good stead, and their valuation is only falling in line with other tech firms. Yet as some make their way back, others tumble out in spectacular fashion. Its a record cut-off point and almost double the $342 million needed to make it only five years ago. Tania Austin, the owner of Decjuba, is one of the most impressive new names on The List Australias Richest 250 this year. This is also known as Online Behavioural Advertising. Sector: Building and Construction | Revenue: $100 million | Last Years Ranking: Unranked. The rise in iron ore, property and solid gains in manufacturing - and the fact that tech was still well up. That has all now been paid off, and Rinehart and her partners are reaping the rewards. Sector: Financial | Revenue: $133m | Last Years Ranking: 31. Theres no superyacht access but plenty of room for a tennis court. Sector: Information technology and equipment | Revenue: $479m | Last Years Ranking: 37. Kangaroo Island Plantation Timbers manages hardwood and softwood forestry plantations on Kangaroo Island. Other big names who had been expected to grace the pages were Cettires Dean Mintz, whose wealth has plunged from $617 million in November to $232 million in line with the falling share price for his online luxury retail group. One South African-born businessman, Ivan Glasenberg, featured in the 2022 rich list for Australia, while Oppenheimer was joined by retail investor Christo Wiese in the UK rich list for this year. The highest ranking newcomer Sam Prince came in at #112 with his Mexican-themed takeaway company Zambrero, and a wealth of $1.18 billion. See The Lists newest members. Construction of the project is expected to begin this month following a $116 million capital raise earlier this year, which has helped increase the Adelaide-based companys market capitalisation at the end of September to more than $600 million. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Melanie Perkins, 34, and Cliff Obrecht 36, have a combined net worth of $15.89 billion. Nova Group is the umbrella entity for a series of professional services firms operating in the areas of defence, aerospace, mapping, energy and utilities, software, communications and transportation. Creditors include four entities in billionaire Anthony Pratts Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron. Unless the government gets on top of it then people are going to be awfully afraid to go into stores, says Briscoe boss. Hes building a real-life tower of power - and just like the sweaty YouTube dancer who inspires him, tech billionaire Scott Farquhar just needs enthusiastic followers to join his movement. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 70. Ruslan Kogan stays a former Rich Lister for a second year as supply chain problems and a cooling of the online shopping boom keep his kogan.com share price in the doldrums. Ahrens Group is a construction, engineering and mining services company, delivering a range of project services from design, steel fabrication and procurement through to construction and project delivery. Ever wondered what it costs to run your own superyacht? Australian Vintage Limited is a leading Australian wine company with a fully-integrated wine business model including vineyards, boutique and bulk wine production, packaging, marketing and distribution. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: 66. A new Polestar outlet in a Melbourne shopping centre generated the most foot traffic among the groups similar 100-plus outlets around the world in January. Tech unicorn Laurence Escalante, who got his first job at Hungry Jacks, is now a billionaire at just 39 thanks to the stunning success of his online game business. Sector: Agriculture | Revenue: $112.4m | Last Years Ranking: 54. Formed in 1961, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide. You can access the latest stories from the journalists youre following here. A select group of Australian billionaires had a very good pandemic indeed. Scammers had already claimed $150k in her name, Centrelink payment boost for 227,000 Australians, Australias biggest fuel retailer 7-Eleven up for sale, 14 million jobs will be eliminated in the next five years, new report finds, Delete it immediately: Aussies warned over DHL email, Bucket list: The holiday experience you have to try before you die, Residents bizarre message to neighbours over house renovation divides internet, How much super you need to retire comfortably revealed. Late last year, Pratt announced he will spend more than $7 billion expanding in the US over the next decade, as part of the biggest ever expenditure strategy. The List: Richest 250 editor John Stensholt takes us behind the scenes of the rich list to talk about the big personalities who dominate the headlines. Here are the current richest ten Aussies and what the AFR estimates are their net worth: Gina Rinehart with a net worth of $34.02 billion, up from $31.06 billion in 2021. But there are others also making big money in fashion. Adbri is a construction materials and lime producer, established in 1882, with approximately 1400 employees and operations in every state and territory in Australia. Mike Cannon-Brookes is worth $26.20 billion and and Scott Farquhar $25.99 billion. Watch the video to see how the average Aussie plans to spend their net worth, Looking for a new job or job candidate? Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 91. Based in Virginia, Zerella is a major Australian supplier of potatoes, carrots and onions. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: Unranked. Sector: Infrastructure and Transportation | Revenue: $69.7m | Last Years Ranking: 76. The Richest And The Poorest States Of Australia. But he once tried to join the Army, which would have meant Australias biggest tech company may not have been born | THE LIST: Our richest 250. If it sounds too good and big to be true, unstoppable property developer Lang Walker knows its the project for him as he loves nothing more than proving the doubters wrong. Maughan Theim Automotive is an automotive motor vehicle company which runs a variety of dealerships in South Australia. The economy's main sectors - iron . The list is published annually in January in an online format and updated daily, also online. But the tech sector was later sold off and the iron ore price rebounded. For the top 10 richest Australians for 2022, scroll below. Suburbs with highest-density of the painfully rich are: Toorak, 20, Point Piper, 12, Vaucluse, 11, and Mosman Park, 6. November 7, 2022 by yournetworthnet. Sector: Building and construction | Revenue: $83 million | Last Years Ranking: 52. Royal Automobile Association of South Australia, 15. The list, compiled for InDaily by Adelaide financial services firm Taylor Collison, is the states most definitive guide to our top companies (scroll to the bottom of the page for eligibility criteria). The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. He has built the biggest philanthropic foundation, Minderoo, among Australian billionaires, as well as a $5 billion investment business, Tattarang, that owns RM Williams, property and cattle interests. If anyone can defy the doom and gloom forecasts for the property sector, it is Triguboff. Known . The rise in iron ore, property and solid gains in manufacturing and the fact that tech was still well up overall has widened the gap between the top of the list and the rest. Take our quiz and find out what kind of billionaire youll be when you strike it rich. But they were paid $2.7 billion in Block equity and, as such, about $1 billion has been wiped from their wealth, which falls more than 40 per cent to $1.52 billion each this year. Get InDaily in your inbox. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: Unranked. Its a similar story for another tech team. Sector: Automotive | Revenue: $163.8m | Last Years Ranking: 64. While he checks the share price most days, he says he cant get too worried about it. The face of philanthropy is changing, as wealthy donors draw on values often inculcated in them as children and align themselves with like-minded organisations. The Hungry Jacks founder is unfazed by US burger chain Wendys foray into Australia he saw exactly what happened the last time it tried to expand Down Under. Sector: Hospitality | Revenue: $56 million | Last Years Ranking: Unranked. Renascor Resources explore, develop and evaluate mineral properties in Australia. Asia Pacific near the bottom when it comes to climate readiness: What can be done? Sector: Building and construction | Revenue: $470.3m | Last Years Ranking: 40. Zip Cos market cap has capitulated from about $6 billion a year ago to just $700 million, leaving Diamond with a far smaller fortune of about $70 million. The data,. Brian Flannery moved from surfing into mining and resort development, and now he even has his own solar train. Sector: Building and construction | Revenue: $347m | Last Years Ranking: 35. Gina Rineharts Hancock Prospecting has outlined growth plans in energy, agriculture and so-called green minerals after posting a $5.8 billion profit driven by iron ore mining. The sixth-generation family-owned company has a diverse range of agricultural assets and is one of Australias biggest wool producers. Glasenberg took out Australian citizenship when he worked at Glencores local coal division in the 1980s, though the South African-born ex-boss of the global commodities giant lives in Switzerland. ASX to slip; Vanessa Hudson to lead Qantas, Top philanthropists say Yes with $17m to support Voice campaign, The high-stakes gamble at the heart of the Voice, How to barbecue pork chops like this smoking-hot new restaurant, The CEO of this $1b company sold everything from make-up to chicken, Why investors want more control over companies climate plans, How does this CEO do it all? Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 65. By continuing to use our site you are agreeing to our, 81. The Detmold Group is a manufacturer of paper and board-based packaging products for a diverse range of customers. Harry Triguboff (AUD$20.81 Billion) Property giant Harry Triguboff is no stranger to rich lists. Rinehart, the founder of Pilbara iron ore mine Roy Hill, has her grip firmly on first place with an estimated $34.02 billion fortune, up from $31.06 billion in 2021. Mannix Electrical Pty Ltd is an electrical contracting business that specialises in air conditioning, home heating and solar. Clearlight Investments Pty Ltd, trading as pasta company San Remo, has a manufacturing facility in Adelaide and offices and distribution centres in all main capital cities throughout Australia and New Zealand. He inherited ownership of the family business when his late father Richard Pratt died in 2009. The leather good and fashion retailer posted strong double-digit sales growth over the year, but is bracing for a slowdown in 2023. Sector: Information technology and equipment | Revenue: $437m | Last Years Ranking: 6. Badge is a privately-owned construction group delivering commercial projects across Australia from offices in Adelaide, Brisbane, Maroochydore and Perth. After moving to Australia as a teenager, he brought high-density living to the country during a period when single-family homes were all the rage. Independent Pub Group Holdings operates licensed hotels and retail liquor outlets in South Australia. Sophie Ireland Stats Gate April 24, 2021. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 78. Australias rich lost a lot of money in 2022 and it could get worse for some billionaires this year, but others could buck the trend. Some of the states richest residents have seen their net worth plummet as varying forces wreck havoc on their bottom line. She makes choices, The artisans turning Australian flora into luxe textiles, Why this CEO would like to play golf with Richard Branson, Its been like a dream: Dancer returns to the stage after two decades, Winners emerge from building sector collapses. Billionaire property developer and Richest 250 lister Lang Walker cant handle people using COVID as an excuse.. Sector: Food and beverage | Revenue: $147m | Last Years Ranking: 55. Escient is an employee-owned digital and business advisory firm. If Bevan Slatterys has big plans: to pull off what will be the largest private digital infrastructure project in Australias history. Fyfe is a land, resource and infrastructure development consultancy specialising in engineering, environmental, planning and surveying services for a variety of industries. From mining magnates to technology leaders, healthcare pioneers and retail superstars, Australias richest women have made their mark this year. Gina Rinehart topped the Richest 250 list overall for 2022, with a massive $32.64 billion in wealth. The Richest People In South Australia, AU Below are the richest people in South Australia, AU. It is critical that members of a family trust know what is to happen to trust assets if any of the key people die. *KIPT has changed its name to Kiland since this list was originally published, Sector: Infrastructure and transportation | Revenue: $60.7m | Last Years Ranking: 80. Sector: Food and beverage | Revenue: $336m | Last Years Ranking: 26. The Illawarra offering comes amid a boom in pub transactions across the country, an asset class which has surged in popularity as the nation emerged from two years of rolling pandemic lockdowns. Palmer announced in January he was selling his Queensland Nickel refinery in Townsville for $1.5 billion to the little-known Swiss-based firm Zero Carbon Investek. Andrew Forrests R.M. Australian retail phenomenon Culture Kings is about to launch its biggest play, with its 30-something founders taking on the US market. Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. Sector: Food and beverage | Revenue: $52.8m | Last Years Ranking: Unranked. The List: Australia's Richest 250 has this year risen to a total wealth of $520.20 billion, at an average of $2.08 billion for each of the 250 members. Sector: Agriculture | Revenue: Undisclosed | Last Years Ranking: 33. Billionaire Scott Farquhar is worth $21.95bn. There are13 debutantes on the 2022 Rich List, helping drive the total wealth of Australia's top 200 past half a trillion dollars to $555 billion, up from $480 billion in 2021, making the past year a record period for wealth creation. Sector: Information technology and equipment | Revenue: $24.5m | Last Years Ranking: 90. It was formed in 2008 by the merger of two Australian non-ferrous metals mining businesses Oxiana and Zinifex. Mike Cannon-Brookes (No.3); Robyn Denholm (120); Peter Freedman (192); Gina Rinehart (1); Sam Arnaout (63); Cliff Obrecht and Melanie Perkins (8). Managing $12bn of assets around the world, Peter Cooper has built a multi-million dollar fortune for himself and his clients. Bitcoin retreats. They are amassing fortunes at an incredible rate. Now in its seventh year, the Index has become a key source of data for those with a keen interest in the South Australian economy and business environment. Sector: Agriculture | Revenue: $17.8m | Last Years Ranking: 81. Image: The Australian. The real art is in putting things together in a better way. Love them, hate them, or envy them, Australia's richest people have been announced for 2022 by The Australian 's The List. Sector: Information technology and equipment | Revenue: Undisclosed | Last Years Ranking: Unranked. Follow the topics, people and companies that matter to you. Santos is a major oil and gas producer, supplying Australian and Asian customers with a portfolio of liquefied natural gas, pipeline gas and oil assets. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 86. America still leads the world, with 735 billionaires worth a collective $4.7 trillion, including Elon Musk, who tops the World's Billionaires list for the first time. Updated Oct 28, 2022 - 8.46am, first published at Oct 27, 2022 - 5.45am. View Gallery. Secretive fund manager buys into Warner Music and increases the short positions of its flagship fund by 20pc. Thomson Geer is a large corporate law firm with 560 staff in offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. It is still one of the biggest profits for a private Australian company in recent memory, and shows how successful Rinehart has been with the huge Roy Hill mine that she had to negotiate a complex $US7.2 billion debt package to start a decade ago. Rinehart No1 as pizzas also deliver a packet, Economy dire for 12-18 months: pub baron, Property doyen Kevin Seymour parks opinion, Gurner warns of apartments shortage and COVID rental crisis, Rich-list solar farm wins federal support, Up $11bn, Forrest has a profitable pandemic, find out more about our policy and your choices, including how to opt-out here. The Standout Large Employer Award was won by Peregrine Corporation, the operator of the states network of On the Run service stations. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: Unranked. Knoll Consultants & Investments are a specialist food store business, primarily owning and operating Barossa Fine Foods and its brands, including The Cheesemonger, Angelakis Bros, Standom Smallgoods and Schulz Butchers. Last year, Larry Diamond was sitting on a $598 million treasure trove, riding high on a global expansion of his Zip Co. Now he is in the crosshairs of the markets evisceration of the buy now, pay later sector. Sector: Mining | Revenue: $1.7b | Last Years Ranking: 3. Australian Central Credit Union (Peoples Choice), 20. Australias youngest business leaders are making big money from cryptocurrency gambling, non-fungible-tokens, power tools and selling mortgages. Most Rich Listers live in NSW (79), followed by Victoria (60) and Queensland (19). Finsbury Green is a print, managed services and logistics company based in Adelaide. That should stand them in good stead, and their valuation is only falling in line with other tech firms. Customs Agency Services is an international freight forwarding and customs brokerage organisation. The property market is improving but wont return to previous heights until migration numbers improve, the billionaire says. Atlassian co-founder Mike Cannon-Brookes is worth $26.20 billion. Beston Global Food Company Limited exports a range of food products, focusing on dairy and meat. Between tech entrepreneurs, design moguls and real estate tycoons, Australia's richest young people are worth a combined total of $30 . Founded in 1993, the waste services company provides recycling, soil and waste management services, and produces alternative fuels. At #10 another mining magnate Ivan Glasenberg maintains a worth of $9.10 billion. The RAA, established in 1903 to serve the motoring-related needs of South Australians, provides insurance, security, travel, finance, motoring and road safety products and services. Has Aussie billionaire created the next tech unicorn? But NSWs most wealthy people still have plenty of cash to play with. It covers a total area of 402,903 and has a population of 1,706,500. . Racing SA is the controlling body for horse racing in South Australia. Clive Palmer makes more income than almost every other Australian billionaire. The Australian losers included Melanie Perkins and Mike Cannon-Brookes Jan 2, 2023 Devon Pendleton December 2022 Federal election Ten top AFR Magazine reads in 2022 This year, writers went. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. He is based in Sydney. List of richest countries in the world 2022: Top 10 richest countries in the world at a glance. Despite the sell-off, the 2022 Rich List marks a record year for wealth creation. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Michael Bailey writes on entrepreneurship and the arts. Sector: Food and Beverage | Revenue: $274m | Last Years Ranking: 48. The 2021 edition of The List Australias Richest 250, is a story of the three Ps: the Pilbara, pizza boxes and personal computers | OUR TOP 5. Forget fast cars, super yachts or luxury houses. The more established players built wealth this year. That shows just how successful Farquhar has been as a technology entrepreneur alongside friend and business partner Mike Cannon-Brookes at software firm Atlassian. He is now back as FMGs executive chairman to try to fulfil that green energy dream. Companies owned in part or whole by government, government agencies and organisations, and registered charities are not eligible. Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. That accounts for much of the drop in his estimated wealth, though both he and cofounder Scott Farquhar should reap more than $1 billion each from a steady selldown of a small portion of their Atlassian shares over the year. The tech sector also delivers the list its youngest-ever member in 25-year-old Robert Ferguson who, alongside his 30-year-old brother James at No. Please take a moment to upgrade to the latest version. Lucas TCS is a privately-owned civil engineering and construction company, founded over 50 years ago which has worked with some of Australias leading mining and resource organisations. The results have been startling. Your contribution goes directly to helping our journalists uncover the facts, InDaily uses cookies. Founded in 1886, Angove Family Winemakers is a 5th generation, family-owned winery that produces premium South Australian wines, mainly from the McLaren Vale region. Theyre not exactly destitute, but these 12 prominent billionaires have had a cool $40bn wiped from their wealth as tech stocks and other industries suffer big falls. Sector: Electrical | Revenue: $46.7m | Last Years Ranking: Unranked. Almondco Australia supplies premium quality almond products to the world. Sector: Financials | Revenue: $262m | Last Years Ranking: 24. This years edition of The List - Australias Richest 250 will show how mining and technology are now the countrys two most successful sectors. The heiress and mining magnate built her fortune on iron ore, and is also the second largest cattle producer in Australia. Here are the ones with the most at stake. Sector: Agriculture | Revenue: undisclosed | Last Years Ranking: 29. Established in 1996, RJE provides multi-disciplinary engineering and construction services to complex projects across a range of industries. Meriton has vast reach across property, including the nations highest number of hotel rooms via its serviced apartment business, more than 14,000 investment apartments and close to 12,000 units in development. At the time, his wealth was estimated at $879 million thanks to the value of tokens underpinning his Synthetix derivatives trading protocol. Chris Ellisons Mineral Resources is talking up its takeover bid for Norwest Energy as Gina Rinehart continues to slug it out with Strike Energy in the battle for Warrego. The liquidity opportunity for the unlisted companys investors comes in the wake of VGWs first regulatory challenge in its prime US market. Perkins and Obrecht, who met at university and married two years ago, formed Canva in 2012 and remain at its helm. The billionaire Fortescue chairman will pour big sums into his Minderoo Foundation after another big payday. In 2019, the entry mark for the 50th richest individual was US$ 750 million. S&P 500 dips. He collects hundreds of millions in royalties from CITIC annually, a situation that has often been the subject of legal action. Zareh Nalbandian was paid more than $700 million when he sold his Animal Logic animation studio to Netflix last November, an analysis of the streamers accounts reveals. The business made a $450 million pre-tax profit in 2022. South Australia is located in the south-central region of the country. Havilah Resources engages in the exploration of gold, base metals, and other mineral deposits in Australia. Gold Trip wins, followed by Emissary and High Emocean; Not a good day for Macquaries quants or Chanticleer; polar blast and hail didnt deter the punters (and the politicians). The Canva founders were rejected by more than 100 investors before they got their first yes. The popular veteran stockpicker will take a carrot and stick approach to the LICs he has targeted that are trading below their asset value. Small-cap stock guru David Paradice sold out of headline maker GameStop late last year, potentially missing out on a billion-dollar position, but he says hes still sleeping well at night. CAMMS specialises in integrated software solutions for risk, strategy, and project management and grew its revenue by 24 per cent to $19.578 million in 2020-21. Thirty-two years after founding their eponymous label, sisters Nicky and Simone Zimmermann have reaped the rewards of putting Australia on the international fashion map.
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