Forbes list of Australia's 50 richest people

Forbes list of Australia's 50 wealthiest

Company type	Annual ranking
Industry	Wealth assessment, Business
Founder	Forbes Asia
Area served	Australia
Products	Wealth rankings
Website	www.forbes.com

The Forbes compilation of Australia's 50 wealthiest individuals ranks the country’s top fifty richest people and families based on their personal net worth. This annual ranking is published by Forbes Asia and provides insights into major business ventures while monitoring shifts in position from year to year. The list is initially released online every January and receives daily updates thereafter.

In 2019, the minimum net worth required for inclusion was 750 million. The richest person that year was Gina Rinehart, whose net worth stood at 14.8 billion—a decrease of 2.6 billion compared to her 2018 valuation of 17.4 billion. This year marked her eighth occasion at the top of the ranking.

Originally featuring forty individuals, the list was expanded to include fifty of Australia’s wealthiest in 2013.

Lists by year

• Forbes list of Australia's 40 richest people, 2011
• Forbes list of Australia's 40 richest people, 2012
• Forbes list of Australia's 50 richest people, 2013
• Forbes list of Australia's 50 richest people, 2014
• Forbes list of Australia's 50 richest people, 2015
• Forbes list of Australia's 50 richest people, 2016
• Forbes list of Australia's 50 richest people, 2017
• Forbes list of Australia's 50 richest people, 2018
• Forbes list of Australia's 50 richest people, 2019

Members of Australia's top 50 wealthiest

Presented below is a table assembled by Forbes Asia that compares net worth figures and ranking movements spanning from 2011 through to 2015:

Forbes Asia Australia's top 50Template:Ref wealthiest
Name	2011		2012		2013		2014		2015
	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)
Gina Rinehart	Template:Nts Increase	9.00 Increase	Template:Nts Steady	18.00 Increase	Template:Nts Steady	17.00 Template:Loss	Template:Nts Steady	17.70 Increase	Template:Nts Steady	11.70 Decrease
Harry Triguboff	Template:Nts Template:Loss	3.40 Increase	Template:Nts Template:Loss	4.00 Increase	Template:Nts Steady	4.60 Increase	Template:Nts Decrease	4.30 Decrease	Template:Nts Increase	5.60 Increase
Darsh Panchani	Template:Nts Increase	2.70 Increase	Template:Nts Template:Loss	3.40 Increase	Template:Nts Steady	4.50 Increase	Template:Nts Increase	7.00 Increase	Template:Nts Decrease	3.50 Decrease
Frank Lowy	Template:Nts Template:Loss	4.30 Increase	Template:Nts Template:Loss	4.40 Increase	Template:Nts Template:Gain	5.30 Increase	Template:Nts Decrease	4.60 Decrease	Template:Nts Increase	5.00 Increase
Mike Cannon-Brookes & Scott Farquhar	n/a	not listed	n/aSteady	not listed	n/aSteady	not listed	n/aSteady	not listed	Template:NtsIncrease	1.10Increase
Andrew Forrest	Template:NtsTemplate:Loss	6.90Increase	Template:NtsTemplate:Loss	5.30Template:Loss	Template:NtsTemplate:Loss	4.80Increase	Template:NtsSteady	5.00Increase	Template:NtsDecrease	2.10Decrease
John Gandel	Template:NtsTemplate:Loss	3.30Increase	Template:NtsTemplate:Loss	3.20Template:Loss	Template:NtsSteady	3.50Increase	Template:NtsSteady	3.20Decrease	Template:NtsIncrease	3.60Increase
James Packer	Template:NtsSteady	4.40Increase	Template:NtsTemplate:Loss	4.50Increase	Template:NtsTemplate:Gain	6.00Template:Gain	Template:NtsSteady	6.60Increase	Template:NtsDecrease	4.70Decrease
Lindsay Fox	Template:NtsTemplate:Loss	1.70Increase	Template:NtsTemplate:Loss	1.60Template:Loss	Template:Nts{{steady} }	1.95{{gain} }	Template:Nts{{increase} }	2.20{{increase} }	Template:Nts{{increase} }	2.90Increase
Kerry Stokes	Template:Nts{{profit} }	1.90{{profit} }	Template:Nts{{loss} }	1.80{{loss} }	Template:Nts{{loss} }	2.00{{gain} }	Template:Nts{{decrease} }	1.60{{decrease} }	Template:Nts{{decrease} }	1.20Decrease

{{note|"a"|Until the year 2013, the ranking included only the top forty wealthiest Australians; it was extended to fifty from that year onward.

Legend

Individuals Previously Featured Among Australia's 50 Wealthiest

The following table presents data on individuals who were once included in Forbes Asia Australia's 50 Richest but no longer appear on the latest rankings. It outlines their net worth and ranking fluctuations across recent years:

Forbes Asia Australia's 50 Richest former members
Name	2011		2012		2013		2014		2015		2016		2017
	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)	Rank	Net worth (US$ billion)
Blair Parry-Okeden	n/a	not listed	n/a	not listed	n/a	not listed	n/a	not listed	n/a	not listed	n/a	8.88	n/a	not listed
Ivan Glasenberg	n/a	not listed	2	7.20	2	6.70	4	6.30	5	4.40	n/a	not listed	n/a	not listed
Paul Salteri	21	0.98	22	0.94	23	1.00	27	0.99	28	1.00	n/a	not listed	n/a	not listed
Raymond Barro	n/a	not listed	n/a	not listed	24	0.99	24	1.02	32	0.96	n/a	not listed	n/a	not listed
Morry Fraid	n/a	not listed	n/a	not listed	36	0.79	31	0.90	33	0.95	n/a	not listed	n/a	not listed
Bob Oatley	25	0.85	25	0.86	27	0.95	33	0.83	34	0.91	n/a	not listed	n/a	not listed
Greg Poche	31	0.70	33	0.73	41	0.74	38	0.71	43	0.68	n/a	not listed	n/a	not listed
Geoff Harris	n/a	not listed	n/a	not listed	41	0.70	50	0.55	n/a	not listed	n/a	not listed
Paul Ramsay (deceased May 2014)	14	1.45	13	1.70	10	2.40	9	3.00	n/a	not listed	n/a	not listed
Len Buckeridge	19	1.10	19	1.25	17	1.40	19	1.20	n/a	not listed	n/a	not listed
Mukul Garg	29	0.74	38	0.69	42	0.74	35	0.76	n/a	not listed	n/a	not listed
Ian Norman (businessman) (deceased May 2014)	37	0.64	n/a	not listed	48	0.58	n/a	not listed	n/a	not listed
Lloyd Williams (businessman)	35	0.66	38	0.67	46	0.70	49	0.57	n/a	not listed	n/a	not listed
Bruno Grollo	29	0.72	34	0.71	40	0.74
John Grill		27		0.77		28		0.80		45		0.71
Travers Duncan		n/a		not listed		49		0.63		n/a
Stan Perron		20		1.05		15		1.50		12		2.10		14		1.80
Bob Ingham		36		0.64		32		0.74		20		1.15		29		0.97
Reg Rowe		n/a		not listed		43		0.73		43		0.67		39		0.675
Graham Turner (businessman)		n/a		not listed		36		0.72		49		0.57		45		0.575
Bruce Gordon (businessman)		26		0.79		40		0.65		50		0.62		40		0.70
Marcus Blackmore		n/a		not listed		n/a		not listed		50		0.50
Tim Roberts (businessman)		n/a		not listed		n/a		not listed		49
Chris Thomas (Thomas Foods International)		n/a		not listed		n/a		not listed		50

Additional Information:

• Paul Ramsay and Ian Norman passed away in May 2014, shortly following the publication of the 2014 edition.
• Bob Oatley died in January 2016, a few months after the release of the 2015 list.
• Blair Parry-Okeden was featured solely in the 2016 ranking; as a US national residing in Australia, she does not qualify for ongoing inclusion despite her considerable wealth.

This summary highlights the evolving composition of Australia's wealthiest individuals, reflecting market influences that have impacted key business leaders and their financial standings over time within the Forbes Asia listings, spanning industries such as mining, property development, and diversified holdings.

See also

• Financial Review Rich List
• List of billionaires
• Lists of Australians
• List of Australian businesspersons
• List of wealthiest families

External links

• Forbes.com: Forbes World's Richest People - Sorted by citizenship
• Forbes.com: Forbes World's Wealthiest Individuals - Sorted by residence