Financial Review Rich List

Financial Review Rich List
(formerly known as the BRW Rich 200)
List of 200 Australians, ranked in order of net worth
Publication details
Publisher Fairfax Media
Publication Financial Review
First published 1984 (as BRW Rich 100)
Latest publication May 25, 2018
Current list details (2018)[1]
Wealthiest Australian Anthony Pratt and family
Net worth (1st) Increase A$12.9 billion
Entry point (200th) Increase A$387 million
Total list net worth value Increase A$282.7 billion
Average net worth Increase A$1.41 billion
AFR Rich 200 website

The Financial Review Rich List,[2][3] formerly known as the BRW Rich 200, is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth published annually in The Australian Financial Review. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed.

The list was historically released annually in May or June in a special issue of the Business Review Weekly (BRW), published by Fairfax Media. The final hardcopy issue of BRW was published in November 2013, and between 2014 and March 2016, the list was published online only. Since March 2016 the BRW Rich 200 has been published in hardcopy in The Australian Financial Review Magazine (or AFR Magazine), and published online on the Financial Review website.[4]

In 2018, the entry mark for the 200th richest individual was A$387 million – an increase of A$45 million on the 2017 entry mark.[1][2] The wealthiest individual in the 2018 list was Anthony Pratt and family, estimated to have a personal net worth of A$12.9 billion – the third time that Pratt had headed the list; the other times being in 2009 and 2017. Pratt succeeded Harry Triguboff who topped the list in 2016, when it was estimated he had a personal net worth of A$10.62 billion in 2016.[5] Gina Rinehart held the mantle between 2011 and 2015. In 2012 BRW proclaimed Rinehart as the richest woman in the world, a title that appeared to have slipped in subsequent years, according to Forbes Asia.[6]

Fourteen individuals and/or families have made every list; including Maurice Alter, Lindsay Fox, John Gandel, Bruce Gordon, Bruno & Rino Grollo, David Hains, John Kahlbetzer, Solomon Lew, Frank Lowy, Grahame Mapp, Stan Perron, Alan Rydge, Kerry Stokes, and Harry Triguboff.[2][3]

In 2014 fourteen women and 186 men made the BRW Rich 200 list;[7][8][9] and by 2017 the number of women had increased to fifteen women;[2] and increased to nineteen women (either jointly or severally) in the list published in 2018.[1] The list is dominated in number by those whose source of wealth is from property (50%), retail (11%) and investment (10%); while in previous years mass media has been the traditional wealth creation source. In the early years of this century, those with an interest in resources dominated the list by value.[10][11] The combined wealth of the 200 individuals in 2018 was assessed at A$282.7 billion;[1] and the average wealth for the 200 on the 2018 list reached A$1.41 billion.[1] 2017 was the first year that average wealth exceeded one billion dollars.[2]

Background and history

The Financial Review Rich List was first published in 1984[3][12] as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.[13][14]

In 2008 it was the first time in more than 20 years that a Kerry or James Packer had not headed the list. Andrew Forrest was listed as the richest person in Australia, with a net worth estimated at A$9.41 billion, with James Packer listed third with A$6.1 billion.[15] In 2009 Anthony Pratt was top of the list with A$4.3 billion. In 2010, the founder of Westfield, Frank Lowy, who has appeared on the list every year, was Australia's richest individual with an assessed personal net worth of A$5.04 billion.[16][17] Rinehart held the mantle between 2011 and 2015;[18] and Triguboff in 2016.[5]

The list has sometimes caught the ire of those profiled. In an essay celebrating the 25th anniversary of the BRW, Jefferson Penberthy, the founding editor of the BRW Rich 100 wrote that at one stage Australian entrepreneur Dick Smith, then valued at A$50 million, did not want to appear on the list. When told that the cut off was A$35 million, Smith publicly divested A$20 million to charities.[14]

The Financial Review Rich List excludes individuals who have renounced their Australian citizenship. For example, despite Rupert Murdoch being born in Australia and having a personal net wealth of US$7.6 billion in 2011,[19] due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.[20]

The BRW Rich Families List was first published annually between 2008 and 2015. In every year of its publication the Smorgon family has headed the list, with estimated wealth of A$2.74 billion in 2015 spread across seven branches of the family.[21] In 2015 the list comprised fifty families with an entry point of A$302 million.[22] The families list has not been published in hard copy or online since 2015.

The Financial Review Rich List is one list in a series of lists published by the Financial Review and/or were previously published by the BRW. Other lists includes:

  • the BRW Rich series; covering BRW Executive Rich, BRW Young Rich, and BRW Rich Summer
  • the BRW Fast list series; covering BRW Fast Starters, BRW Fast Franchises, and BRW Fast 100
  • the BRW Top list series; covering Top 1000 Companies, Top 50 Entertainers, and Top 500 Private Companies

On 4 March 2016, Fairfax announced the closure of the BRW website, and redirected the site to a new section of The Australian Financial Review. Rich lists are now published in The Australian Financial Review Magazine and in 2017 were rebranded as the Financial Review Rich List.[2][3][4]

Top ten individuals and families

Individuals

Name 2011[23][24] 2012[25] 2013[26] 2014[8] 2015[18] 2016[5] 2017[2] 2018[2] Sources of wealth
Rank Net worth
(A$) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion
Anthony Pratt4 Decrease$5.18 Increase5 Decrease$5.45 Increase4 Increase$5.95 Increase2 Increase$7.64 Increase2 Steady$10.76 Increase2 Steady$10.35 Decrease1 Increase$12.60 Increase1 Steady$12.90 IncreaseVisy Industries; Pratt Industries
Harry Triguboff7 Decrease$4.30 Increase7 Steady$4.85 Increase6 Increase$4.95 Increase8 Decrease$5.50 Increase3 Increase$10.23 Increase1 Increase$10.62 Increase2 Decrease$11.40 Increase2 Steady$12.77 IncreaseMeriton Apartments
Gina Rinehart1 Increase$10.31 Increase1 Steady$29.17 Increase1 Steady$22.02 Decrease1 Steady$20.01 Decrease1 Steady$14.02 Decrease4 Decrease$6.06 Decrease3 Increase$10.40 Increase3 Steady$12.68 IncreaseHancock Prospecting; investment
Wing Mau Huinot listednot listed7 Increase$4.82 Increase6 Increase$6.35 Increase5 Increase$6.89 Increase6 Decrease$5.39 Decrease8 Decrease$5.96 Increase4 Increase$9.09 IncreaseShimao Property
Frank Lowy6 Decrease$4.98 Decrease3 Increase$6.47 Increase2 Increase$6.87 Increase4 Decrease$7.16 Increase4 Steady$7.84 Increase3 Increase$8.26 Increase4 Decrease$8.26 Steady5 Decrease$8.42 IncreaseWestfield; property (shopping centres)
Ivan Glasenberg2 Increase$8.80 Increase2 Steady$7.40 Decrease5 Decrease$5.61 Decrease5 Steady$6.63 Increase6 Increase$6.14 Decrease9 Decrease$3.33 Decrease5 Increase$6.85 Increase6 Decrease$8.32 IncreaseGlencore commodities trading
John Gandel9 Decrease$3.45 Increase10 Decrease$3.35 Decrease8 Increase$3.70 Increase9 Decrease$4.08 Increase8 Decrease$4.40 Increase5 Increase$5.40 Increase7 Decrease$6.05 Increase7 Steady$6.45 IncreaseProperty (shopping centres)
Andrew Forrest3 Increase$6.18 Increase4 Decrease$5.89 Decrease9 Decrease$3.66 Decrease7 Increase$5.86 Increase9 Decrease$2.83 Decrease8 Increase$3.33 Increase6 Increase$6.84 Increase8 Decrease$6.10 DecreaseFortescue Metals Group
Vivek Shegalnot listednot listednot listednot listednot listednot listednot listed9 Increase$5.88 IncreaseMotherson Sumi Systems
James Packer8 Decrease$4.16 Steady6 Increase$5.21 Increase3 Increase$6.00 Increase3 Steady$7.19 Increase7 Decrease$6.08 Decrease7 Steady$5.00 Decrease9 Decrease$4.79 Decrease10 Decrease$5.5 IncreaseCrown Limited; Consolidated Media Holdings

Families

Name 2011[23][24] 2012[27] 2013[28] 2014[29] 2015[22] Sources of wealth
Rank Net worth
(A$) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion		 Rank Net worth
($A) billion
Smorgon family1$2.69 Increase1 Steady$2.63 Decrease1 Steady$2.64 Increase1 Steady$2.77 Increase1 Steady$2.74 DecreaseInvestment
Wilson familyn/anot listed7 Increase$1.44 Decrease5 Increase$1.83 Increase3 Increase$2.34 Increase2 Increase$2.60 IncreaseRetail (plumbing)
Liberman family2$2.23 Decrease2 Steady$2.20 Decrease2 Steady$2.10 Decrease2 Steady$2.45 Increase3 Decrease$2.53 IncreaseInvestment
Buckeridge familyn/a$2.60 Increasen/a$2.01 Decreasen/a$2.10 Increase5 Increase$2.10 Steady4 Increase$2.46 IncreaseManufacturing (building materials); construction
Besen family3$2.08 Increase3 Steady$2.15 Increase2 Increase$2.10 Decrease4 Decrease$2.29 Increase5 Decrease$2.41 IncreaseProperty; retail
Myer family4$2.01 Increase5 Decrease$1.94 Decrease4 Increase$2.01 Increase6 Decrease$2.05 Increase6 Steady$2.08 IncreaseRetail; property; investment
Roberts family6$1.35 Increase6 Steady$1.75 Increase6 Steady$1.82 Increase7 Decrease$1.86 Increase7 Steady$1.89 IncreaseInvestment; property
Barro family13$0.70 Increase16 Decrease$0.72 Increase13 Increase$0.91 Increase12 Increase$1.08 Increase8 Increase$1.25 IncreaseBuilding Services
Salteri family7$1.18 Decrease10 Decrease$1.09 Decrease9 Increase$1.17 Increase9 Steady$1.26 Increase9 Steady$1.20 DecreaseTenix; infrastructure investment (roads and services)
Talbot family5$1.42 Increase8 Decrease$1.29 Decrease8 Steady$1.21 Decrease10 Decrease$1.18 Decrease10 Steady$1.17 DecreaseResources
Tieck family9$1.03 Increase11 Decrease$1.02 Decrease10 Increase$1.07 Increase11 Decrease$1.13 Increase10 Increase$1.17 IncreaseInvestment; property
Legend
Icon Description
Steady Has not changed from the previous year's list
Increase Has increased from the previous year's list
Decrease Has decreased from the previous year's list

Past richest Australian

This list is incomplete; you can help by expanding it.
YearNameNet worth (A$)Sources of wealth
1984Kerry Packer$ billionPublishing & Broadcasting Limited;
Consolidated Media Holdings[30]
1985$ billion
1986[31]Khoo Teck Puat$0.60 billionDiversified investment
1987[32]Robert Holmes à Court$1.40 billionBell Resources; diversified investment
1988$ billion
1989[33]Kerry Packer$1.80 billionPublishing & Broadcasting Limited;
Consolidated Media Holdings
1990[34]Rupert Murdoch$3.60 billionNews Corporation; media
1991Kerry Packer$ billionPublishing & Broadcasting Limited;
Consolidated Media Holdings[30]
1992[35]$2.70 billion
1993[36]$3.00 billion Increase
1994[37]$5.50 billion Increase
1995[38]$3.00 billion Decrease
1996[39]$3.30 billion Increase
1997[40]$3.90 billion Increase
1998[41]$5.20 billion Increase
1999[42]$6.40 billion Increase
2000[43]$8.20 billion Increase
2001[44]$6.20 billion Decrease
2002[45]$5.90 billion Decrease
2003[46]$5.50 billion Decrease
2004[13]$6.50 billion Increase
2005[47]$6.90 billion Increase
2006[48]James Packer$7.10 billion IncreaseMedia; entertainment (gaming);
investment
2007[15]$7.25 billion Increase
2008[15][24]Andrew Forrest$9.41 billion IncreaseFortescue Metals Group
2009[16]Anthony Pratt & family$4.30 billion DecreaseVisy Industries; investment
2010[16][17]Frank Lowy$5.04 billion IncreaseWestfield; property (shopping centres)
2011[24]Gina Rinehart$10.31 billion IncreaseHancock Prospecting; media;
investment
2012[25]$29.17 billion Increase
2013[49]$22.02 billion Decrease
2014[7]$20.01 billion Decrease
2015[18]$14.02 billion Decrease
2016[5]Harry Triguboff$10.62 billion IncreaseMeriton Apartments
2017[2]Anthony Pratt & family$12.60 billion IncreaseVisy Industries; investment
2018[1]$12.90 billion Increase

See also

References

  1. 1 2 3 4 5 6 Stensholt, John (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Fairfax Media. Retrieved 26 May 2018.
  2. 1 2 3 4 5 6 7 8 9 Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017.
  3. 1 2 3 4 Stensholt, John; Tadros, Edmund (25 May 2017). "Rich List 2017: the 15 names on every list since 1984". AFR Magazine. Retrieved 13 June 2017.
  4. 1 2 Ward, Miranda (4 March 2016). "Fairfax Media to close BRW website with team joining new Leadership section at AFR". Mumbrella. Retrieved 4 March 2016.
  5. 1 2 3 4 Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved 7 June 2016.
  6. ↑ Treadgold, Tim (21 March 2014). "Australia's $17 Billion Woman On The Road To Becoming A Whole Lot Richer". Forbes. Retrieved 28 June 2014.
  7. 1 2 Stensholt, John (26 June 2014). "BRW 2014 Rich List". The Sydney Morning Herald. Retrieved 29 June 2014.
  8. 1 2 Stensholt, John, ed. (26 June 2014). "2014 BRW Rich 200". BRW. Sydney. Retrieved 28 June 2014.
  9. ↑ Ferguson, Adele (23 May 2012). "Rinehart world's richest woman: BRW". The Sydney Morning Herald. Retrieved 5 June 2012.
  10. ↑ Heathcote, Andrew; Lindsay, Nicole (27 June 2014). "BRW Rich 200: how technology is reshaping the list". BRW (Interactive chart). Retrieved 29 June 2014.
  11. ↑ Thomson, James (23 May 2012). "Rinehart, Palmer and the Rich 200". Business Spectator. Retrieved 5 June 2012.
  12. ↑ Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Retrieved 22 May 2013.
  13. 1 2 Skeffington, Robert (24 May 2004). "The richest list of all". The Age. Australia. Retrieved 27 July 2011.
  14. 1 2 Penberthy, Jefferson (24 August 2006). "Blood, sweat and ink" (PDF). BRW. Australia: Fairfax Media. Archived (PDF) from the original on 15 July 2011. Retrieved 27 July 2011.
  15. 1 2 3 Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". news.com.au. Australia. AAP. Retrieved 27 July 2011.
  16. 1 2 3 Zappone, Chris (26 May 2010). "Frank Lowy tops BRW rich list for first time". The Sydney Morning Herald. Retrieved 27 July 2011.
  17. 1 2 Saulwick, Jacob; Cummins, Caroline (27 May 2010). "Lowy leaves mining magnates in the dust". The Sydney Morning Herald. Retrieved 27 July 2011.
  18. 1 2 3 Stensholt, John, ed. (June 2015). "2015 BRW Rich 200". BRW. Sydney. Retrieved 9 June 2015.
  19. ↑ "World's billionaires: Rupert Murdoch profile". Forbes. March 2011. Retrieved 31 July 2011.
  20. ↑ Xavier, Allan (1 April 2014). "Rupert Murdoch tops BRW Executive Rich List 2014". BRW. Fairfax Media. Archived from the original on 4 March 2016. Retrieved 26 October 2015.
  21. ↑ Stensholt, John (7 October 2015). "Poultry to property: how Australia's richest families are making second fortunes". BRW. Fairfax Media. Retrieved 26 October 2015.
  22. 1 2 "Rich Families List 2015". BRW. Australia. 7 October 2015. Retrieved 26 October 2015.
  23. 1 2 "BRW Rich 200 2010 Wealth Index". Business Review Weekly. Fairfax Media. 2010.
  24. 1 2 3 4 "BRW Rich 200 2011 Wealth Index". BRW. Australia. 25 May 2011. Retrieved 27 July 2011.
  25. 1 2 "BRW Rich 200 2012 Wealth Index". BRW. Australia. 24 May 2012. Retrieved 5 June 2012.
  26. ↑ Stensholt, John, ed. (24 May 2013). "BRW Rich 200 2013 Wealth Index". Business Review Weekly. Retrieved 24 May 2013.
  27. ↑ "Rich 50 Families 2012". BRW. Australia. 24 May 2012. Retrieved 5 June 2012.
  28. ↑ "Rich Families 2013". BRW. Australia. 25 July 2013. Retrieved 10 April 2014.
  29. ↑ "Rich Families List 2014". BRW. Australia. 21 August 2014. Retrieved 26 October 2015.
  30. 1 2 Nixon, Sherrill (7 March 2008). "It's a bit rich when a Packer no longer tops list". The Sydney Morning Herald. Retrieved 27 July 2011.
  31. ↑ "Rich 200". BRW. 15 August 1986. p. 55.
  32. ↑ "Rich 200". BRW. 26 May 1987. p. 31.
  33. ↑ "Rich 200". BRW. 12 May 1989. p. 60.
  34. ↑ "Rich 200". BRW. 26 September 1990. p. 66.
  35. ↑ "Rich 200". BRW. 22 May 1992. p. 59.
  36. ↑ "Rich 200". BRW. 21 May 1993. p. 59.
  37. ↑ "Rich 200". BRW. 23 May 1994. p. 68.
  38. ↑ "Rich 200". BRW. 22 May 1995. p. 55.
  39. ↑ "Today's Headlines". News of the Day Archives. Australia: Global Web Builders. 17 May 1996. Retrieved 16 September 2011.
  40. ↑ "Today's Headlines". News of the Day Archives. Australia: Global Web Builders. 23 May 1997. Retrieved 16 September 2011.
  41. ↑ Dixon, Norm (9 December 1998). "Who owns Australia?". Green Left Weekly. Australia. Retrieved 16 September 2011.
  42. ↑ "Rich 200". BRW. 28 May 1999. p. 80.
  43. ↑ Douglas, Jeanne-Vida; Norsa, Gerard (7 June 2000). "Channel champs charge onto BRW rich list". ARN. Retrieved 16 September 2011.
  44. ↑ "Rich 200". BRW. 18 May 2001. p. 84.
  45. ↑ Murphy, Damien (23 May 2002). "Millionaire surfers join ranks of wealthiest". The Sydney Morning Herald. Retrieved 16 September 2011.
  46. ↑ "Kidman ranks in rich list". The Age. 22 May 2003. Retrieved 16 September 2011.
  47. ↑ "Obituary: Kerry Francis Bullmore Packer, 1937-2005". The Age. 28 December 2005. p. 7. Retrieved 27 April 2011.
  48. ↑ "The Billionaires". BRW. 18 May 2006. Retrieved 16 September 2011.
  49. ↑ Colquhoun, Steve; Heathcote, Andrew (22 May 2013). "Rinehart drops more than Lowy's entire worth". The Sydney Morning Herald. Retrieved 22 May 2013.

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