$14.8 B. Overall, however, the Rich List’s value rose this year, largely due to iron ore and information technology. A world stuck at home helped a few others on the 2020 Rich List. In 2020, the entry mark for the 200 th richest individual was A$ 540 million – an increase of A$ 68 million on the 2019 entry mark. Andrew 'Twiggy' Forrest now boasts a … Retailer Gerry Harvey and e-tailer Ruslan Kogan have had their differences, but this year both benefited as people spent more money on stuff for inside their houses. RELATED: Nick Molnar Becomes The Youngest Self-Made Billionaire In Australia. Hui Wing Mau - $18.06 billion (up from $10.39 billion) 5. However the pandemic and its priorities have begun to reshape their geographic spread. It was a very good year to own an Australian iron ore mine, as governments everywhere threw money at infrastructure projects to stimulate their battered economies, at the same time as supply faltered in pandemic-ravaged Brazil. The CEOWORLD magazine Rich List, published today, revealed 40 of Australia’s wealthiest people. Australian manufacturing is on the cusp of a renaissance. Gina Rinehart - $28.89 billion (up from $13.81 billion) 2. His iflix raised more than $420 million from investors, but Grove left its board in April and the business was sold for reportedly less than $100 million to Tencent shortly afterwards. The youngest person on the rich list at number 50, is AfterPay co-founder, Nick Molnar. He became Australia’s youngest billionaire in 2020 with a total valuation of $1.86 billion. The tough economic conditions facing ordinary Australians might suggest otherwise, but it’s boom time again for the wealthiest people on the 2019 WA Rich List. Pilbara iron ore mining magnates Gina Rinehart and Andrew Forrest have taken the top two spots in The Financial Review Rich List in 2020. The AFR Rich List has once again provided some eyebrow-raising insights, revealing who the richest Australians are in 2020. Anthony Pratt and family - $19.75 billion (up from $15.57 billion) 4. There is the occasional exception like Greg Goodman, whose wealth rose 42 per cent as his industrial portfolio leant into the e-commerce boom. He is based in Sydney. According to the Murdoch media’s magazine, the number of Australian billionaires has more than trebled in two years, from 33 in 2018 to 117 in February 2020. Valuations of private companies are typically determined using profit margins and price-earnings ratios of comparable publicly listed competitors. Also off is Patrick Grove, who took on Netflix in Asia. Founder, Pacific Group. Our daily reporting, in your inbox. Last year it was $472 million. 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. That includes quite a few heiresses, including the children of the Rinehart, Lewis and Saunders dynasties. Neale Prior Rich List 2019: Our 50 wealthiest West Australians Well here’s a list of the top 10 richest persons in Australia so you don’t have to wonder who they are anymore. 10 Richest People in Australia for 2021 Revealed | Man of Many An office tower? Andrew Forrest - $23 billion (up from $7.99 billion) 3. The other major winners were the “ore-ligarch”. The 30-year-old is worth just under $2 billion dollars after founding the buy now, pay later company in 2014. The most recent list was published in October 2020. Meanwhile more people were earning money in their houses, working from home, which went to the bottom line of those with the tools to help them do it. Families face the challenge of diversifying assets and accommodating expanding pools of claimants. Then there are those who’ve fallen off the Rich List altogether. Australian mining magnate Gina Rinehart is that the wealthiest person in Australia with an estimated net worth of $16 billion, that’s consistent with CEOWORLD magazine’s Australia Rich List Index For 2020. With his paper mills in the US servicing the trend to e-commerce, the value of Pratt’s empire grew 27 per cent over the year and emboldened him to make his biggest-ever acquisition, five bottle factories from Owens-Illinois. Rich Lister couple's $5m bet on the future of cricket. Canva co-founder Melanie Perkins came second on the AFR’s Young Rich List 2020. The November 2020 issue of AFR Magazine, including the Rich List, is out on October 30. As a consequence, $9 B. Enough of them have been beavering away with Canva’s products to justify the Sydney start-up raising venture capital at an $8.7 billion valuation in June, ensuring stunning billionaire Rich List debuts for founders Melanie Perkins, Cliff Obrecht and Cameron Adams. In 2017, the list was renamed as the Financial Review Rich List, published in both print and online. Wealth Change: +$15.09 … Top 10 Richest Persons in Australia 1. Georgina Rinehart and her family are … Then of course all those online purchases had to be browsed for and checked out. The richest Australians in 2019 have been revealed; Taylor Swift tops Forbes celebrity rich list for 2019; Forbes list 2019: NFL teams dominate most valuable list; Golfer Adam Scott was No.20 on the list, but NBA stars Andrew Bogut, Joe Ingles, Patty Mills, Matthew Dellavedova, Ben Simmons and Dante Exum make basketball the most represented sport. Iron ore boom and all, co-founders Mike Cannon-Brookes and Scott Farquhar maintained their fifth and sixth spots on the list. But there are plenty of women who’ve made it either as an indispensable part of a couple – like Vicky Teoh, Hazel Rowe, or Cathie Reid, who debuts this year after building the Icon Care oncology network into a $2 billion business with husband Stuart Giles. The number of women on the list has risen, from 25 last year to 30 in 2020. Follow the topics, people and companies that matter to you. 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 … They are calculated using publicly available data and confidential consultation with the list members. #2. 2019 Rank: 2. However, while there’s now a record 104 Australian billionaires… Australia’s 200 most rich and powerful managed to accummulate 24% more wealth this year, according to the AFR Rich List. No less than 19 of the top 250 wealthy individuals on the 2020 list – a healthy eight percent – have large investments somewhere in the red meat and livestock supply chain. © 2021 Boss Hunting | All Rights Reserved, Nick Molnar Becomes The Youngest Self-Made Billionaire In Australia, Tech Money Dominates AFR Young Rich List For 2020. It’s that time of the year again when the fortunes of Australia’s wealthiest individuals are ranked, and dissected, on the AFR Rich List.. The Financial Review Rich List for 2020 proves it was a good year to own an iron ore mine. https://www.smartcompany.com.au/finance/australia-rich-list-2019 #1. Australia now has a record 104 billionaires, including seven people in the elite “ten-digit club” with a wealth exceeding $10 billion. Afr magazine, including the children of the Rich List, published today, revealed 40 of Australia ’ wealthiest... Rose this year, largely due to iron ore boom and all, co-founders Cannon-Brookes. 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