Get InDaily in your inbox. They may be worlds apart in age and style, but Harry Triguboff and Tim Gurner agree property is the only game in town. 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. The popular veteran stockpicker will take a carrot and stick approach to the LICs he has targeted that are trading below their asset value. The vitamins groups shares slumped on flat profits as consumers hunted down the cheapest price amid tough cost pressures. Sector: Engineering | Revenue: Undisclosed | Last Years Ranking: 75. Your contribution goes directly to helping our journalists uncover the facts, InDaily uses cookies. Theres work to do for this 97-year-old who heads into the office each weekday. WA premier Mark McGowan has secured donations resource companies, including Gina Rineharts Hancock Prospecting, to help pay for a new Aboriginal cultural centre in Perth. Richest Australians 2022. Canva founders Melanie Perkins, Cliff Obrecht and Cameron Adams collectively lost billions as a 17 per cent slide in the Nasdaq punished valuations, even for tech companies that are privately held. Palmer derives most of his income from a controversial deal with CITIC Pacific over the huge Sino Iron project in Western Australias Pilbara mined on land he gained control over in the 1980s. The company has maintained the rage over the Labor governments industrial relations changes while handing down a huge return for billionaire Gina Rinehart. Sector: Food and Beverage | Revenue: $274m | Last Years Ranking: 48. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: Unranked. Codan is an Adelaide-headquartered manufacturer of metal detectors and communications equipment. Sector: Financials | Revenue: $262m | Last Years Ranking: 24. Based in Virginia, Zerella is a major Australian supplier of potatoes, carrots and onions. 16 in 2021. The top 10 on The List are wealthier than ever before, led by two of the countrys most successful businesswomen who have changed the face of corporate Australia. 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. The list is published annually in January in an online format and updated daily, also online. Sector: Automotive | Revenue: $406.8m | Last Years Ranking: 45. The best local news every workday at lunch time. For the top 10 richest Australians for 2022, scroll below. 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. Independent Pub Group Holdings operates licensed hotels and retail liquor outlets in South Australia. Sector: Infrastructure and transportation | Revenue: $240m | Last Years Ranking: 9. Thats less than the $16.5 billion they achieved when the Young Rich List was published in October but still almost double the wealth they held on the 2021 Rich List. Sector: Resources | Revenue: $29.8m | Last Years Ranking: 41. That has included a major shareholding in AGL, where he managed last year to have four candidates he put forward for the board elected amid an effort to convince the energy giant to accelerate a transition to renewables. Importantly, the report reveals that wealth in Australia has surged, with a record 29 new names making the list this year, the youngest of which being Afterpay guru Nick Molnar, who at just 32-years . 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. Venross operate as a retail and entertainment wholesaler, VR Distribution, selling merchandise including board and card games and collectibles. Pratt has a market share of about 7 per cent in America, where he has said steady growth is forever, but dominates the Australian industry. Arrowcrest is the parent company of automotive and farming machinery companies ROH Wheels, John Shearer, Unicast, Tristar, NonFerral, Kockums Industries and Brownbuilt. Visy paid $733m for Australias biggest beer bottle maker and will spend $500m more to make lighter, cheaper bottles. Customs Agency Services is an international freight forwarding and customs brokerage organisation. Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimers disease. The Gday Group is Australias largest regional accommodation provider with 280+ properties across Australia, including 60+ owned and managed holiday parks. Elders is an agribusiness company, operating across rural and regional Australia. They wind down in various ways, from the sporty to the leisurely or just collecting ritzy houses. Andromeda Metals has been added at No.26 and NSW-based Ansarada Group (previously No. If Bevan Slatterys has big plans: to pull off what will be the largest private digital infrastructure project in Australias history. 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. The veteran Queensland property developer will wait and see what effects COVID-19 might have on the sector. Jonathan Hallinan, the developer behind Melbournes distinctive Shadow Play skyscraper, has died at 47 after a battle with cancer. RBA expected to hit pause. A company founded and majority-owned by South Australians. Sector: Agriculture | Revenue: Undisclosed | Last Years Ranking: 33. Forrest is FMGs biggest shareholder, having started the company in 2003 after being forced to stand down from a previous role as boss of Anaconda. 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. Sector: Travel and accommodation | Revenue: $207m | Last Years Ranking: 14. A unique collection of NFTs celebrates their success. 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. Mark Riley and Ailish Delaney / Centrelink. Sector: Healthcare | Revenue: $3.7m | Last Years Ranking: 60. The value of the tokens has plunged, and Warwicks wealth slides to about $470 million. He is also responsible for the Financial Review's Rich Lists. Beston Global Food Company Limited exports a range of food products, focusing on dairy and meat. Sector: Food and Beverage | Revenue: Undisclosed | Last Years Ranking: 71. McMahon Services is a privately-owned industrial, construction and environmental services provider established in 1990. The business made a $450 million pre-tax profit in 2022. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 27, Andromeda explores for halloysite, gold and copper deposits. The tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. Sector: Building and construction | Revenue: $150.2m | Last Years Ranking: 87. Cannon-Brookes has ploughed much of the proceeds, which follow similar planned selldowns since Atlassian was floated on the NASDAQ in late 2015, into Sydney property and some into green-related investments. Woolworths shoppers warning after deli buy exploded causing third degree burns, Prince William and Kate leave fans speechless in amazing moment, Anna couldnt log in to myGov. At #6 Harry Triguboff, nicknamed high rise Harry has a wealth of $20.81 billion. Beach has a core focus on the resource-rich Cooper Basin. InDailys ranking of the states top 100 companies by market capitalisation and revenue covers the 2020-21 financial year. Meet Laurence Escalante, the the fast car-obsessed thirtysomething now worth more than $2b is proof that videogaming does pay | THE LIST: Australias Richest 250. He pulled out of a $346 million bid for renewable firm Genex Power with US private equity firm Stonepeak in January. Leader Computers Pty Ltd is a manufacturer and distributor of information communications technology products. Sector: Food and Beverage | Revenue: $313m | Last Years Ranking: 38. Sector: Building and construction | Revenue: $460m | Last Years Ranking: 28. Sector: Financial | Revenue: $187m | Last Years Ranking: 2. Watch the video to see how the average Aussie plans to spend their net worth, Looking for a new job or job candidate? 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. Hotel baron Chris Morris says restrictions mean it isnt worthwhile to open some of the Victorias most famous pubs. Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. To put that in perspective, the average Australian is worth roughly $522,032, so a combined net worth of the same sized group would be about of $130.5 million. Sector: Automotive | Revenue: $516m | Last Years Ranking: 19. An elite clutch of start-up founders is getting richer more quickly than ever, adding $30bn since March as wealth shifts from old industries to new sectors. 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 tech duo were, for a few months in late 2021, the richest in the land as a soaring Atlassian share price and a falling iron ore price caused a switch at the top since last Mays Rich List. Established in 1946, Argo is South Australias leading listed investment company. 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. Community CPS Australia (Beyond Bank), 24. Sector: Agriculture | Revenue: $17.8m | Last Years Ranking: 81. Clearlight Investments Pty Ltd, trading as pasta company San Remo, has a manufacturing facility in Adelaide and offices and distribution centres in all main capital cities throughout Australia and New Zealand. See how the race unfolded here. A high-stakes trial involving two billionaires and royalties from Rio Tinto iron ore mines is set to go ahead. Business leaders warn the construction sector could go backwards and the economy wont simply bounce back. Headed by Richest 250 member Fung Lam, New Aim is an Australian e-commerce success story, which is seeking external capital for the first time to bolster growth. Sparc Technologies Ltd develops innovative graphene-based technology solutions. Rank State or territory GSP (million A$, 2003-04) GSP (million A$, 2013-14) Net growth (million A$) Growth rate per year; 1: 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. Sector: Financials | Revenue: Undisclosed| Last Years Ranking: 32. *combined with Melanie PerkinsThe darlings of the technology sector have fallen back to earth somewhat in the past year, with the value of their digital graphics business Canva slashed by investors by about one-third. Peoples Choice is one of Australias largest credit unions with members and branches across Australia. 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 more established players built wealth this year. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. The sixth-generation family-owned company has a diverse range of agricultural assets and is one of Australias biggest wool producers. Though he turned 90 in early March, he shows little signs of slowing down. Andrew Forrests R.M. Out now: The definitive list of Australias wealthiest people, now in its 40th year. Uniti Wireless is a broadband internet provider, servicing homes and businesses across Australia. Harry Triguboff, the 89-year-old behind the Meriton apartment empire, increased his wealth by almost $4 billion to $21.25 billion. Watch the video to see how the average Aussie plans to spend their net worth Alcidion Group Limited is a health informatics company providing clinicians with decision support tools. 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. If anyone can defy the doom and gloom forecasts for the property sector, it is Triguboff. Skilled Migrants. Gina Rinehart tops the list with a massive $32.64 billion wealth. Billionaire Clive Palmer says he is paying bucket loads of tax after pocketing hundreds of millions of dollars in dividends from Mineralogy. Its not all work for the big players on The List: The Richest 250. With mining and technology industries boosting these loaded individuals to the top, some of these wealthy names wont come as a surprise. If youve been wondering where all of these people live, the places they call home have also been announced. The secretive Perth trio behind Wright Prospecting got a huge payday as the price of iron ore surged during 2020. Peter Freedman on the cover of AFR Magazines 2022 Rich List issue. This year is crucial for the iron ore magnate, whom the market is watching to see if he can start delivering on his green energy dream. Queensland billionaire Clive Palmer owns dozens of mansions on the Gold Coast and plenty of gold. 134, created crypto platform Immutable in 2018. You must have completed a Bachelor or higher qualification in SA that meets the South Australian study requirements 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. Rineharts Hancock Prospecting delivered another huge profit for 2022, a $5.8 billion net result, though it was less than the record the iron ore miner produced in 2021. Core Lithium Ltd a lithium-focused exploration and mining company. Fellow mining magnate Andrew Forrest came in second with a combined wealth of $31.77 billion. Thomson Geer is a large corporate law firm with 560 staff in offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. FFI plans to spend billions on turning green hydrogen into a major commodity, though it is the iron ore price that has driven FMGs profits and the increase in Forrests wealth in the past year. Ever wondered what it costs to run your own superyacht? Sector: Building and Construction | Revenue: $100 million | Last Years Ranking: Unranked. The Australian doesn't play nicely with your current browser. Established in 1996, RJE provides multi-disciplinary engineering and construction services to complex projects across a range of industries. Matthews Hotels is a hospitality company that owns and operates a range of hotels in Adelaide, Mount Gambier and Whyalla. 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). Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 65. Other retail giants include Tania Austin who owns Decjuba fashion brand with $640 million, and Simon and Tahnee Beards Culture Kings with a combined value of $503 million. List of richest countries in the world 2022: Top 10 richest countries in the world at a glance. The stock has slumped and their overall wealth tumbles to $430 million. Havilah Resources engages in the exploration of gold, base metals, and other mineral deposits in Australia. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. Renascor Resources explore, develop and evaluate mineral properties in Australia. Forget fast cars, super yachts or luxury houses. 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. Follow the topics, people and companies that matter to you. Leigh Creek Energy Limited is developing a coal gasification project, the Leigh Creek Energy Project, located 550km north of Adelaide. Shares are poised to edge lower. Gina Rinehart - $32.64 billion (down from $36.28 billion) 3 / 10 2. Mannix Electrical Pty Ltd is an electrical contracting business that specialises in air conditioning, home heating and solar. Advertisement Support independent JournalismDonateSubscribe News News Local Frank Lowy - $9.27 billion. English soccer a new and increasingly lucrative arm of Australian bankings millionaires factory. Not only that, but Australia now has a massive 131 billionaires. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. Tim Gurner says developers that want to start big projects in Sydney or Melbourne are ignoring a complete systemic change. Sophie Ireland Stats Gate April 24, 2021. 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. The net worth of the wealthiest individual, Gina Rinehart, was $31.06 billion; while the net worth of the 200th wealthiest individual, Douglas Clarke, was {590 million; up from $540 million for the 200th individual in 2020. Full list of names. Founded by current executive director Joe Collins in 1996, the Adelaide headquartered company now has offices across eight locations including New York, London, Manchester, Melbourne, Sydney, Adelaide, Perth and a Global Service Delivery Centre in Colombo, Sri Lanka.