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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:

Rank

Name

Net Worth

Age

Origin of Wealth

#1
Gina Rinehart
$14.8 B
64
mining
#2
Harry Triguboff
$9 B
85
real estate
#3
Anthony Pratt
$6.8 B
58
manufacturing
#4
Frank Lowy
$6.5 B
88
shopping malls
#5
Mike Cannon-Brookes
$6.4 B
39
software
#5
Scott Farquhar
$6.4 B
39
software
#7
Andrew Forrest
$4.3 B
57
mining
#8
John Gandel
$4 B
84
shopping malls
#9
James Packer
$3.6 B
51
casinos
#10
Lindsay Fox
$3.5 B
81
logistics, real estate
#11
Bianca Rinehart & siblings
$3.1 B
mining
#12
Kerry Stokes
$2.9 B
78
construction equipment, media
#13
Michael Hintze
$2.55 B
65
investment
#14
John, Alan & Bruce Wilson
$2.5 B
retailing
#15
Lang Walker
$2.4 B
73
real estate
#16
Fiona Geminder
$2.3 B
54
manufacturing
#17
Richard White
$2.2 B
63
software
#18
Maurice Alter
$2.1 B
93
real estate
#19
David Hains
$1.9 B
88
Investment
#20
Clive Palmer
$1.8 B
64
mining
#21
Heloise Pratt
$1.76 B
56
manufacturing, investment
#22
Tony & Ron Perich
$1.75 B
agriculture/real estate
#23
Jack Cowin
$1.7 B
76
fast food
#24
Angela Bennett
$1.65 B
74
mining
#25
David Teoh
$1.62 B
63
telecoms
#26
Gretel Packer
$1.6 B
52
casinos
#27
Nigel Austin
$1.5 B
48
retailing
#28
Solomon Lew
$1.46 B
73
retail
#29
Brett Blundy
$1.44 B
59
retail, agribusiness
#30
Bob Ell
$1.42 B
74
real estate
#31
John Van Lieshout
$1.4 B
73
real estate
#32
Gerry Harvey
$1.35 B
79
retail
#33
Manny Stul
$1.3 B
69
toys
#34
Kerr Neilson
$1.24 B
69
investment
#35
Sam Tarascio
$1.22 B
74
real estate
#36
Terry Snow
$1.2 B
75
airports, real estate
#37
Judith Neilson
$1.02 B
72
investments
#38
Alan Rydge
$1 B
66
entertainment
#39
Maha Sinnathamby
$980 M
79
real estate
#40
Paul Little
$950 M
71
logistics, real estate
#41
Chris Wallin
$910 M
66
mining
#42
Len Ainsworth
$900 M
95
betting machines
#43
Bruce Mathieson
$870 M
74
hotels
#44
Con Makris
$850 M
72
real estate
#45
Russell Withers
$825 M
72
Food & Beverage
#46
Ralph Sarich
$810 M
80
real estate
#47
Richard Smith
$800 M
78
food distribution
#48
John Kahlbetzer
$770 M
87
agribusiness
#49
Chris Morris
$760 M
71
software, hospitality
#50
Michael Heine
$750 M
69
financial services

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