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Australia Billionaires: These are the richest people in Australia in 2020

Australia’s richest individuals and families have been revealed for 2020. The CEOWORLD magazine Rich List, published today, revealed 36 of Australia’s wealthiest people and some very recognizable faces.

With an estimated net worth of $14.6 billion, Australian mining magnate Gina Rinehart is the wealthiest person in Australia, that’s according to CEOWORLD magazine’s Australia Rich List Index For 2020. Atlassian co-founder Mike Cannon-Brookes is second on the list with $11.8 billion. According to the financial publication’s annual listing, 2020 saw the total wealth of the top 10 richest Australian hits a new record high of $81.3 billion.

Scott Farquhar, co-founder, and co-CEO of software company Atlassian holds the third spot with a whopping net worth of $11.8 billion, followed by Anthony Pratt ($10.4 billion), Andrew Forrest ($10 billion), Harry Triguboff ($8.2 billion), and Frank Lowy ($5.3 billion). To identify the wealthiest people in Australia, CEOWORLD magazine reviewed numerous national and international media reports, and all estimated net worth figures are in U.S. dollars. The actual size of their fortunes may be much larger than our figure. We have adjusted valuations of the richest 36 where there have been significant movements in the share prices of quoted companies, estimating the knock-on effect on the fortunes of owners of large stakes in those companies. Who Are Australia Top Billionaires?

Australian Billionaires: Richest people in Australia For 2020

RankNameNet worth (USD)
1Gina Rinehart$14.6 billion
2Mike Cannon-Brookes$11.8 billion
3Scott Farquhar$11.8 billion
4Anthony Pratt$10.4 billion
5Andrew Forrest$10.0 billion
6Harry Triguboff$8.2 billion
7Frank Lowy$5.3 billion
8John Gandel$3.4 billion
9James Packer$3.0 billion
10Michael Hintze$2.9 billion
11Clive Palmer$2.8 billion
12Kerry Stokes$2.7 billion
13Fiona Geminder$2.7 billion
14Lindsay Fox$2.4 billion
15Richard White$2.1 billion
16Jack Cowin$2.0 billion
17David Hains$1.9 billion
18Vivek Chaand Sehgal$1.9 billion
19Heloise Pratt$1.8 billion
20Gretel Packer$1.7 billion
21Nigel Austin$1.6 billion
22David Teoh & family$1.6 billion
23Angela Bennett$1.6 billion
24Lang Walker$1.5 billion
25Solomon Lew$1.5 billion
26Bob Ell$1.3 billion
27Brett Blundy$1.3 billion
28John Van Lieshout$1.3 billion
29Gerry Harvey$1.2 billion
30Terry Snow$1.1 billion
31Chris Wallin$1.1 billion
32Manny Stul$1.1 billion
33Kerr Neilson$1.1billion
34Sam Tarascio$1.1billion
35Judith Neilson$1.0billion
36Ginia Rinehart$1.0 billion

John Gandel, James Packer, and Michael Hintze rounded up the top ten wealthiest people in Australia with $3.4 billion, $3.0 billion, $2.9 billion, respectively.


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Sophie Ireland
Sophie is the Research Editor at CEOWORLD magazine. She is based in the company’s New York office. Sophie has worked as a reputation advisor to nearly 250 global CEOs, 3,200 other C-Suite executives, and high net worth individuals for over 9 years. She joined CEOWORLD magazine as a Research Analyst, conducting comprehensive research using both open-source intelligence and premium resources, as well as enhanced due diligence, compliance, and risk assessment, and financial analysis and complex valuations. As a nonpartisan consultant to global business executives, business leaders, and think tanks, she focuses on economics and public policy issues. Her passion is explaining complex economic issues for the layman. She can be reached on email sophie@ceoworld.biz