Forbes releases list of richest Australians with a very surprising re-entry

Gina Rinehart tops the Australian Forbes Rich List AGAIN as it’s revealed she’s worth $20BILLION – as a very surprising person scrapes the top 20

  • Gina Rinehart retains her spot at the top of Forbes’ Aussie rich list
  • Property tycoon Harry Triguboff is second with net worth of $12.5billion 
  • Clive Palmer is a surprise re-entry at number 20 with $2.5billion
  • His Queensland Nickel company folded with debts of $300million in 2016 

Mining mogul Gina Rinehart retains her spot at the top of Forbes’ Aussie rich list despite falling iron ore prices knocking her wealth down $2.5billion to $20.5billion.

The 2019 edition of Forbes’ Australia top 50 Rich List sees property tycoon Harry Triguboff retain number two placing with a net worth of $12.5billion.

Cardboard-box kingpin Anthony Pratt stays third with $9.5billion, and retail tycoon Frank Lowy remains fourth with $9billion.

Mining mogul Gina Rinehart retains her spot at the top of Forbes’ Aussie rich list despite falling iron ore prices knocking her wealth down $2.5billion to $20.5billion

James Packer is in ninth place with a fortune of $5 billion from his casino empire

James Packer is in ninth place with a fortune of $5 billion from his casino empire

One of the big movers in the Aussie rich list is Clive Palmer, who is back among the nation’s 50 richest people just three years after his Queensland Nickel company folded with debts of $300million in 2016, causing the loss of hundreds of jobs at its Townsville refinery.

Forbes said Mr Palmer, 64, has an estimated fortune of $2.5billion, placing him at number 20 thanks to court-ordered royalty payments from CITIC Pacific Mining’s Sino Iron project in Western Australia.

The wealth of 22 Australian tycoons fell since the last list in November 2017, partly because of the Aussie dollar’s 8.7 per cent drop against the US dollar.

Ms Rinehart’s four children, led by eldest daughter Bianca, lost $2.6billion, or 38 per cent of their combined estimated wealth to drop from fifth spot on the list to just outside the top 10.

Only Gina Rinehart would make the international top 100 list. Based on last year’s international list she would come in at 96th spot, after being 69th in 2018.

Forbes said Mr Palmer, 64, has an estimated fortune of $2.5billion, placing him at number 20

Forbes said Mr Palmer, 64, has an estimated fortune of $2.5billion, placing him at number 20

The 2019 edition of Forbes' Australia top 50 Rich List sees property tycoon Harry Triguboff (pictured) retain number two placing with a net worth of $12.5billion

The 2019 edition of Forbes’ Australia top 50 Rich List sees property tycoon Harry Triguboff (pictured) retain number two placing with a net worth of $12.5billion

Forbes’ international list will be released in a few months’ time.

Topping last year’s international list was Amazon founder Jeff Bezos in March 2018 with $170 billion.

Of the 23 Australian fortunes, the biggest gain went to Atlassian founders Mike Cannon-Brookes and Scott Farquhar, who are up $4 billion each.

Their $9 billion wealth put them in a tie for fifth place, up five spots, while they are also the youngest on the Aussie rich list at 39 years old.

There are six women in Forbes’ top 50 list, with the country’s second richest woman, Fiona Germinder, worth US$3 billion and in 16th place overall.

Poker machine magnate Len Ainsworth is the oldest on the list at 95 and with a fortune of $1.2billion.

Forbes’ list is compiled using information from the individuals, stock exchanges, analysts, private data bases, government agencies and other sources.

Who are the richest Australians? 

1. Gina Rinehart $20.5 billion (Mining)

2. Harry Triguboff $12.5 billion (Real Estate)

3. Anthony Pratt $9.5 billion (Manufacturing)

4. Frank Lowy $9billion (Shopping Malls)

5. = Mike Cannon-Brooks $8.8 billion (Software)

5. = Scott Farquhar $8.8 billion (Software)

7. Andrew Forrest $6 billion (Mining)

8. John Gandel $5.5 billion (Shopping Malls)

9. James Packer $5 billion (Casinos)

10. Lindsay Fox $4.8 billion (Logistics, Real Estate)

Source: Forbes Magazine. Figures in Australian dollars

 

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