The Financial Review Rich List annually ranks the top 200 richest Australians. Australia’s richest families invest quietly which makes unravelling their investment secrets more difficult. According to new data about the 2017-18 financial year released on Friday by the Australian Taxation Office, Sydney’s harbourside suburb Double Bay was home to the highest-earning Aussies, with the average taxable income at $242,428 per taxpayer. But before you start to flick through the list, have a guess as to who you think will appear. We’ve gone through the ranks and compiled a list of the richest billionaires in Australia. He returns to the list of Australia’s 50 richest for the first time since 2014 with an estimated fortune of $1.8 billion. Many on the list made their initial fortunes in a diverse range of industries from steel to retail to manufacturing and hosiery and have since poured the wealth …
Below, you’ll find the list of the richest, who they are, what they do, and just how much they’re worth as of 2019. Just six women are billionaires, from a total of seven on the entire list, the same as in November 2017.The list was compiled using information from the individuals, stock exchanges, analysts, private data bases, government agencies and other sources. Victor Smorgon's business empire has now broken up into seven third-generation strands, but collectively it remains Australia's largest pool of family wealth. The estimates include a spouse’s wealth, and where the person is the company founder, they also include the wealth of sons and daughters that’s derived from that company. World #1 Ash Barty Announces She Won’t Be Playing Next...Site highlights each day to your inbox.The Buckeridge family owns the building company BCG in Perth. It also singled out India's richest man Mukesh Ambani, who ranks 19th in the Forbes 2018 billionaire list. ... BRW Rich Families 2015. This year was the first time in the list’s 35-year history that three people cracked the $10 billion mark. Flight Centre founder Graham Turner, property developer Tim Roberts, and Chris Thomas, founder of Adelaide-based meat processor Thomas Foods, fell below the $750 million cutoff.The tech kings are 3 of 35 individual billionaires, one fewer than our last list.
Australia’s wealthiest taxpayers apparently like to live in the same area, typically by the harbour or the beach. Four depart the list, including 96-year-old property billionaire Stanley Perron, who died in November and left the bulk of his $2.3 billion in assets to the Stan Perron Charitable Foundation. Net worth numbers were based on stock prices and exchange rates as of the close of markets January 11. Australia’s richest families invest quietly which makes unravelling their investment secrets more difficult. In cases in which the fortunes of family members are based on the same company, we combine these members into one listing, as long as each of them has enough wealth to qualify for the list on his or her own. Private companies were valued by using financial ratios and other comparisons with similar companies that are publicly traded.
Flamboyant mining mogul Clive Palmer is back with a bang. But Australia’s richest 200 have also managed to significantly increase their wealth in just the past 12 months, with last year’s list reporting a total wealth of $282.7 billion. Who are the richest people in Australia?