Tuesday, October 20, 2020

Stats Gate

Australian Billionaires: These Are The Richest People In Australia In 2020

Sydney Australia

With an estimated net worth of $16 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. The CEOWORLD magazine Rich List, published today, revealed 40 of Australia’s wealthiest people and some very recognizable faces. The number two spot for Australia was occupied by Andrew Forrest worth $13.4 billion.

Atlassian co-founder Mike Cannon-Brookes is third on the list with $12.2 billion. Scott Farquhar, co-founder, and co-CEO of software company Atlassian holds the 4th spot with a whopping net worth of $12.1 billion, followed by Anthony Pratt ($11.8 billion), Harry Triguboff ($10.3 billion), Frank Lowy ($5.8 billion), and Kerry Stokes ($3.9 billion). John Gandel and James Packer rounded up the top ten wealthiest people in Australia with $3.7 billion and $3.1 billion, respectively.

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 40 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.

From Gina Rinehart to James Packer, here are the wealthiest Australians, according to CEOWORLD magazine’ Australia’s Richest People list 2020. Who Are Australia Top Billionaires?

Australian Billionaires: Richest people in Australia For 2020

RankNameNet worth (USD)Industry
1Gina Rinehart$16.0 billionMining
2Andrew Forrest$13.4 billionMining
3Mike Cannon-Brookes$12.2 billionSoftware
4Scott Farquhar$12.1 billionSoftware
5Anthony Pratt$11.8 billionManufacturing
6Harry Triguboff$10.3 billionReal estate
7Frank Lowy$5.8 billionShopping malls
8Kerry Stokes$3.9 billionConstruction
9John Gandel$3.7 billionShopping malls
10James Packer$3.1 billionCasinos
11Fiona Geminder$3.0 billionManufacturing
11Richard White$3.0 billionSoftware
13Michael Hintze$2.9 billionInvestments
14Clive Palmer$2.8 billionMining
15Lindsay Fox$2.7 billionReal estate
16Jack Cowin$2.5 billionFast food
17Heloise Pratt$2.1 billionInvestments
18David Hains$2.0 billionInvestments
18Vivek Chaand Sehgal$2.0 billionAuto parts
18Solomon Lew$2.0 billionRetail
21Gretel Packer$1.9 billionCasinos
22Lang Walker$1.8 billionReal estate
22David Teoh & family$1.8 billionTelecom
22Gerry Harvey$1.8 billionRetail
22Nigel Austin$1.8 billionRetail
26Angela Bennett$1.6 billionMining
26Brett Blundy$1.6 billionRetail
28Bob Ell$1.5 billionReal estate
29John Van Lieshout$1.4 billionReal estate
30Terry Snow$1.2 billionReal estate
30Chris Wallin$1.2 billionMining
30Manny Stul$1.2 billionToys
30Sam Tarascio$1.2 billionReal estate
34Kerr Neilson$1.1 billionInvestments
34Ginia Rinehart$1.1 billionMining
34Judith Neilson$1.1 billionInvestments
34John Hancock$1.1 billionMining
34Bianca Rinehart$1.1 billionMining
34Hope Welker$1.1 billionMining
40Len Ainsworth$1.0 billionBetting machines

According to the financial publication’s annual listing, the combined wealth of the top 46 Canadian Billionaires hit a new record high of $144.9 billion.

Sophie Ireland

Sophie Ireland

Contributors Editor
Sophie Ireland is the Contributors Editor at for CEOWORLD magazine, where she covers hiring trends, money, the future of work, and lists and rankings, and all things related to professional success for readers. She has ten years of experience in research, spanning market research, data analytics, macroeconomics, and financial services. She can be reached on email You can follow her on Twitter at @ceoworld.