The 50 richest people in Australia

Gina Rinehart and Anthony Pratt

If you want to be a billionaire your best bet is to get into real estate, the latest rich-list reveals.

While resources magnate Gina Rinehart has retained her spot at the top of the Forbes Australia rich list with $414.8 billion to her name, the sector with the most rich-listers isn’t mining.

Rather, 13 of the 50 rich-listers named in the new report made their millions (and billions) in property.

In fact, the second-richest person on the list with a cool $9 billion in net worth is Harry Triguboff, who found success by providing high-density living options in Sydney at a time when the market was largely dominated by free-standing houses.

The owner of Meriton, dubbed ‘High Rise Harry’, has put up more than 75,0000 apartments and was one of the country’s first developers to speculate on the value of apartment living.

He’s followed by Anthony Pratt, who made his $6.8 billion through his packaging business, and Frank Lowy who made his $6.5 billion from shopping malls.

Next on the list are software gurus, Mike Cannon-Brookes and Scott Farquhar. At equal fifth, the Atlassian founders’ position on the list has jumped a whopping five places since last year, with each possessing net worth of $6.4 billion.

The two men are also the youngest on the list, at age 39. The oldest on the list is 95-year-old Len Ainsworth. He made his $900 million from his betting machine company, which is the second-largest in the world.

Here’s the full list:

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