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TEMPO.CO, Jakarta - Renowned for its excellent quality of life, Australia saw a modest economic growth of 1.5% during the 2023–2024 financial year. This growth is largely driven by the country’s abundant natural resources, which continue to support various industries, including metals and mining, finance, and investment.
Gina Rinehart continues to be recognized as the richest person in Australia, accumulating a net worth of approximately US$30 billion. To explore more of the wealthiest people in the Land Down Under, this article will unveil the 10 richest persons in Australia as cited from Jagranjosh and Forbes.
10 Richest Persons in Australia
1. Gina Rinehart
Earning her fortune from the metals and mining industry, Gina Rinehart maintains her position as the richest person in Australia. She is the only daughter of Lang Hancock and successfully revitalized her late father’s company, Hancock Prospecting.
Rinehart has played a vital role in her mining company, serving as the executive chair since 1992, making herself one of the most powerful women in the early 21st century. With a net worth of US$30.2 billion, she has maintained her private and low-profile character ever since embarking on her business career.
2. Andrew Forrest & family
The founder of Fortescue Metals Group, Andrew Forrest, is a major leader in the metals and mining industry, with a strong focus on green energy and iron ore. Establishing the company in 2003, he is recognized as one of Australia’s wealthiest individuals, boasting a net worth of US$21.5 billion.
Forrest is also known for his commitment to sustainability, particularly in the oil, gas, and energy sectors. His vision led him to purchase CWP Renewables, Australia's largest wind energy company, in a deal valued at an estimated US$2.6 billion.
3. Harry Triguboff
Harry Triguboff is a prominent figure in the country’s real estate sector. As the founder of Meriton, a leading apartment development company, Triguboff has focused much of his work in Sydney, amassing a fortune of US$16.2 billion.
Coming to Australia as a teenager, Triguboff is considered a pioneer in the apartment development industry, especially at a time when most developers were focused on single-family homes. Since founding Meriton in 1963, he has overseen the construction of more than 78,000 apartments across the country.
4. Mike Cannon-Brookes
Coming from the technology sector, Mike Cannon-Brookes co-founded the global software company Atlassian alongside his former co-CEO Scott Farquhar. The two launched the company not long after graduating in 2002 and have continued to build a tech empire, now attracting over 300,000 customers worldwide. In addition, Atlassian further expanded its influence by acquiring Sun Cable, Sydney's renewable energy firm, enhancing Cannon-Brookes' success as a strategic leader in the field and amassing a US$13.7 billion net worth.
5. Scott Farquhar
Scott Farquhar is best known for his significant contributions to the success of Atlassian, Australia’s leading tech company. In August 2024, after 23 years of helping build the company, Farquhar stepped down from his role as CEO. He cited his desire to focus on his philanthropic organization, the Skip Foundation, and spend more time with his family. Despite stepping down, he remains one of Australia’s richest individuals, with a net worth of US$13.5 billion.
6. Anthony Pratt
Anthony Pratt is the third generation to lead his grandfather’s manufacturing company, Visy Asia-Pacific, earning him a net worth of US$10.3 billion. In addition to his family legacy, Pratt also owns the Atlanta-based Visy Industries, known as Pratt Industries in the U.S., which is the country’s largest manufacturer of corrugated cardboard.
Due to his significant contributions to U.S. manufacturing, Pratt has earned permanent residency in the United States and is ready to move there soon enough.
7. Cliff Obrecht & Melanie Perkins
Cliff Obrecht and Melanie Perkins are the couple behind the global success of Canva, a design software company based in Sydney. With a combined net worth of US$8.8 billion, they have continued to push the growth of Canva since its conception in 2013, attracting over 130 million users monthly. Beyond business, they have also made a significant contribution to society by transferring over 80% of their stake to the Canva Foundation.
8. Bianca Rinehart & siblings
As the children of Gina Rinehart, Bianca Rinehart and her siblings play a vital role in the family’s success in the metals and mining industry by each owning a 23.45% stake in Hancock Prospecting.
Bianca Rinehart serves as trustee of the Hope Margaret Hancock Trust, a position that may be influenced by her status as the eldest child. With a combined net worth of US$8.5 billion, the children had a conflict with their mother in 2014, which was later revealed in 2023.
9. John, Alan, and Bruce Wilson
The Wilson brothers have made their mark in Australia’s retail and fashion sectors. As major stakeholders in Reece Group, their combined net worth reached US$6.6 billion, resulting from the company’s massive 800 outlets across three countries. While John Wilson has retired, he continues to hold a substantial stake in the company. Alan Wilson transitioned to the role of executive director in 2022, having previously served as chairman.
10. Frank Lowy
Rounding out the list of the richest persons in Australia, Frank Lowy is a globally recognized figure in finance and real estate. In 1959, Lowy opened his first shopping center, founding Westfield in Sydney, which later grew into one of the world’s largest mall businesses.
After selling Westfield Corporation to a Franco-Dutch group, Lowy has since focused on running his family investment firm, the Lowy Family Group. Today, his net worth is estimated at US$6.5 billion.
Editor’s Choice: Who is the Richest Person in History? Here's the Top 10 List
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