Debutantes on The List are tech gurus, healthcare experts and some veterans of business whove made big money during the pandemic. Dream of becoming a billionaire? Hes setting up a new technology education foundation to get the ball rolling. The leather good and fashion retailer posted strong double-digit sales growth over the year, but is bracing for a slowdown in 2023. Queensland billionaire Clive Palmer owns dozens of mansions on the Gold Coast and plenty of gold. Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. Ian Malouf, Australias richest garbo, has traded bins for fancy boats, but even he with his billion-dollar personal fortune has suffered bill shock at the expense of living afloat. This year it became Australias third most valuable privately held tech company, attracting investment from Singapores Temasek and Chinas Tencent. Meet the little-known powerhouses, including one worth $1bn, who made The Richest 250 for the first time. The Shahin family are South Australia 's wealthiest representatives on the inaugural edition of the The List Australia 's Richest 250, published in the Weekend Australian on Saturday. Galipo Foods is a large-scale supplier to the foodservice industry. Haighs Chocolates creates Australian-made chocolates in Adelaide. Other retail giants include Tania Austin who owns Decjuba fashion brand with $640 million, and Simon and Tahnee Beards Culture Kings with a combined value of $503 million. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. Sector: Information technology | Revenue: $19.5m | Last Years Ranking: Unranked. It has been another big year for Rinehart, who maintains her number-one position on the Richest 250. The company has maintained the rage over the Labor governments industrial relations changes while handing down a huge return for billionaire Gina Rinehart. But what really excites the Decjuba founder is her ambition to change millions of lives. The billionaire Fortescue chairman will pour big sums into his Minderoo Foundation after another big payday. Cochranes is an express logistics business, servicing South Australia, Mildura and Broken Hill. The tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. Formed in 1961, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide. Welcome to the $39bn suburb that is home to more billionaires than anywhere else in Australia. Then it pays to have these two traits that the founders of Canva and Meriton share, the editor of the Richest 250 tells the Money Cafe podcast. Sector: Building and Construction | Revenue: $100 million | Last Years Ranking: Unranked. Imelda Roche, one of 19 billionaires on the 2023 Financial Review Rich Women List, was at the vanguard of getting women into the workforce. Thomas Foods International is Australias largest 100 per cent family-owned meat-processing company. Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. Alice Car Centre is an entity of the Peter Kittle Motor Company, which runs a series of automotive dealerships. Atlassian co-founder Mike Cannon-Brookes is worth $26.20 billion. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. *combined with Cliff ObrechtThe darlings of the technology sector have fallen back to earth somewhat in the past year, with the value of their digital graphics business Canva slashed by investors by about one-third. Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 65. Pubs may be going through changing times but veteran hotel mogul Arthur Laundy reckons they still make up the fabric of Australia. The hottest trophy asset for Australias rich elite right now is a $100m jet. Robern Menz is a confectioner with products including FruChocs and Violet Crumble. See how the race unfolded here. A company founded and majority-owned by South Australians. Rineharts Hancock Prospecting delivered another huge profit for 2022, a $5.8 billion net result, though it was less than the record the iron ore miner produced in 2021. He is building more in Queensland and Melbourne, and expanding his serviced apartment business as travel increases. In #4 and #5 are the co-founders of software development company Atlassian. Young Rich List wealth takes $11b hit after tech plunge. Hains, who died on Sunday morning aged 92, has been remembered by his family and fellow Rich Listers for both his self-made business success, and personal warmth. 134, created crypto platform Immutable in 2018. That accounts for much of the drop in his estimated wealth, though both he and cofounder Scott Farquhar should reap more than $1 billion each from a steady selldown of a small portion of their Atlassian shares over the year. Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. He is now back as FMGs executive chairman to try to fulfil that green energy dream. The all-powerful Packer family was once Australias wealthiest but iron ore barons and tech unicorns have leapt ahead of James. We also unveil the winners of the individual awards. Sector: Building and construction | Revenue: $74.5m | Last Years Ranking: 68. If the Rich List was published today, Mrs Rinehart and Dr Forrest would have their noses in front, with Dr Forrest's wealth sitting at an estimated $28.1 billion, just ahead of Mr Cannon-Brookes . The worlds biggest solar farm backed by Mike Cannon-Brookes and Andrew Forrest wins major project status from the Morrison government. Racing SA is the controlling body for horse racing in South Australia. Tania Austin, the owner of Decjuba, is one of the most impressive new names on The List Australias Richest 250 this year. The companys massive rise comes on the back of the approval of its Finniss lithium mine and processing plant in the Northern Territory after signing a contract with a key supplier to electric carmaker Tesla. She makes choices, The artisans turning Australian flora into luxe textiles, Why this CEO would like to play golf with Richard Branson, Its been like a dream: Dancer returns to the stage after two decades, Winners emerge from building sector collapses. Sector: Information technology and equipment | Revenue: $24.5m | Last Years Ranking: 90. Sector: Mining | Revenue: $1.7b | Last Years Ranking: 3. The duo met at the University of NSW, starting Atlassian and later floating it on the NASDAQ in 2015. There are a record 137 billionaires in Australia, up from 111 last year. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 53. Sector: Building and construction | Revenue: $84m | Last Years Ranking: 58. Business leaders warn the construction sector could go backwards and the economy wont simply bounce back. Forget fast cars, super yachts or luxury houses. Yang Huiyan has a net worth of $19 billion. SAGE Group Holdings provides electrical engineering and automation services in Australia. Andrew Forrests R.M. Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 51. This years edition of The List - Australias Richest 250 will show how mining and technology are now the countrys two most successful sectors. The list is published annually in January in an online format and updated daily, also online. Forrest has been outspoken for the best part of two years now about his Fortescue Future Industries, the subsidiary of Fortescue Metals Group that he wants to turn into one of the worlds biggest energy producers. Forrest is FMGs biggest shareholder, having started the company in 2003 after being forced to stand down from a previous role as boss of Anaconda. Please click below to help InDaily continue to uncover the facts. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: 97. Importantly, the report reveals that wealth in Australia has surged, with a record 29 new names making the list this year, the youngest of which being Afterpay guru Nick Molnar, who at just 32-years . The retail sector has thrown in many of the lists lucky individuals, with Mecca cosmetics owners Jo Horgan, #188, and Peter Wetenhall, #189, with a combined wealth of $674 million. Top 10 richest Australians under 40 revealed. At a time when fighting climate change is more urgent than ever our region is at just 25 per cent readiness for energy transition, one of the lowest globally and second only to Latin America at 22 per cent. Sector: Financial | Revenue: $133m | Last Years Ranking: 31. Help using this website - Accessibility statement, Cost is the enemy: Brett Blundys road to Best & Less, Why Tania Austin wouldnt retire, even after pocketing $50m, Clive Palmer launches $300b claim against Australia, Rich Lister property developer dead at 47, Rich Lister among Tribe Brewing creditors owed $61m, Clive Palmer: I paid $19.5m Medicare levy for no bed, Virtual Gaming Worlds launches $251m buyback, no sign of IPO, Billionaire Bruce Gordon taps pub boom with Scarborough offering, This billionaire says the key to selling products is simple, Blackmores boss says the smart shopper is on the rise, Happy Feet creator dances on to Rich List after Netflix deal, How to avoid a Rinehart-style family trust dispute, The electric-vehicle retail strategy thats proving a winner, James Packer, Lloyd Williams lead tributes to David Hains, Ellison says MinRes takeover offer for Norwest is no brainer, Resources boom is great for Rinehart (and one high-school dropout), How to lose $2.1 trillion in a year: 12 bad months for billionaires, Rinehart loses latest round in royalties fight, Rineharts Hancock Prospecting records $5.8b profit, Rinehart reaps $2.3b dividend from Roy Hill, Rineharts Atlas Iron keeps up IR attack as it delivers $225m dividend, Rinehart warns of heat or eat choices as energy costs surge, McGowan taps mining giants for $1b community fund, Back to the drawing board for Macquarie (and Chanticleer), Young Rich List wealth takes $11b hit after tech plunge, Delivering connected digital government services, Why Amazon can afford to jack up Prime prices by 40pc. SeaLink is a tourism and transport company, operating across Australia, with more than 9000 staff and six million customers annually. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. While she hasnt moved rank in the last year, she has added another $1.58 billion to her name. Royal Automobile Association of South Australia, 15. Andromeda Metals has been added at No.26 and NSW-based Ansarada Group (previously No. Sector: Retail and fuel | Revenue: $2.9b | Last Years Ranking: 5. South Australia is located in the south-central region of the country. Suburbs with highest-density of the painfully rich are: Toorak, 20, Point Piper, 12, Vaucluse, 11, and Mosman Park, 6. He pulled out of a $346 million bid for renewable firm Genex Power with US private equity firm Stonepeak in January. Elixir Energy is a gas exploration and development company focused on exploring Mongolia for natural gas. Love them, hate them, or envy them, Australias richest people have been announced for 2022 by The Australians The List. Sector: Agriculture | Revenue: $39.7m | Last Years Ranking: 39. Copyright Nationwide News Pty Ltd. All times AEST (GMT +10:00). The strong iron ore price as at April, when we ruled off the Rich List, also kept Andrew Forrest ensconced in second spot at $30.72 billion, a figure thats more than treble his wealth in 2019 when he sat in eighth spot with $7.99 billion. The combined wealth of the country's 50 richest swelled to $213 billion, a hefty 70% jump from 2019 when we last published the list. The software groups shares have since eased but remain about 40 per cent higher than a year ago, lifting Whites wealth by $1.6 billion to $6.33 billion. The Richest People In South Australia, AU Below are the richest people in South Australia, AU. Elders is an agribusiness company, operating across rural and regional Australia. Watch the video to see how the average Aussie plans to spend their net worth A unique collection of NFTs celebrates their success. The Dicker Data founder is one of dozens of Richest 250 members to have lost money this year. Triguboff also celebrates Meritons 60th anniversary this year. The total valuation of Australia's 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list . Based in Virginia, Zerella is a major Australian supplier of potatoes, carrots and onions. journalism, This site is protected by reCAPTCHA and the Google, Media diversity is under threat in Australia nowhere more so than in South Australia. The Hungry Jacks founder is unfazed by US burger chain Wendys foray into Australia he saw exactly what happened the last time it tried to expand Down Under. In Australia, Pratt is already working on spending $2 billion on new clean energy plants and other initiatives such as increasing the recycled content of glass bottles. To qualify for this years list, you needed at least $629 million. Meriton has vast reach across property, including the nations highest number of hotel rooms via its serviced apartment business, more than 14,000 investment apartments and close to 12,000 units in development. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: Unranked. Independent Pub Group Holdings operates licensed hotels and retail liquor outlets in South Australia. Theyre among the biggest names in business, and under the age of 40. Gina Rinehart tops Australia's richest while Clive Palmer doubles his wealth, Canva creator Melanie Perkins cracks the top 10 and all 250 on the list grow their fortunes by $50BILLION in just a year Billionaire Alexandra Burt fell in love with the magic of ballet at five years old; now shes among our most generous arts donors. Sector: Packaging | Revenue: $544m | Last Years Ranking: 36. Theyre not exactly destitute, but these 12 prominent billionaires have had a cool $40bn wiped from their wealth as tech stocks and other industries suffer big falls. Rinehart, the founder of Pilbara iron ore mine Roy Hill, has her grip firmly on first place with an estimated $34.02 billion fortune, up from $31.06 billion in 2021. Sector: Building and construction | Revenue: $460m | Last Years Ranking: 28. The nations miners, including Chris Ellison, enter the new year building on their huge fortunes, while its top tech entrepreneurs are nursing eye-watering losses. Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. The List: Richest 250 editor John Stensholt takes us behind the scenes of the rich list to talk about the big personalities who dominate the headlines. Tim Gurner says developers that want to start big projects in Sydney or Melbourne are ignoring a complete systemic change. One South African-born businessman, Ivan Glasenberg, featured in the 2022 rich list for Australia, while Oppenheimer was joined by retail investor Christo Wiese in the UK rich list for this year. South Australia's top 100 companies: The full list for 2021 - InDaily Today we reveal the top 20 companies in InDaily's South Australian Business Index - our annual review of the top private and public companies in the state - and the winners of the four awards categories. See The Lists newest members. Richest Australians 2022. Tic:Toc is a finance technology company that launched in 2017 to provide cheaper home loans using proprietary technology. Tech unicorn Laurence Escalante, who got his first job at Hungry Jacks, is now a billionaire at just 39 thanks to the stunning success of his online game business. Atlassian shares surged for years, but have plunged in the last 12 months along with most other tech stocks. Founded by current executive director Joe Collins in 1996, the Adelaide headquartered company now has offices across eight locations including New York, London, Manchester, Melbourne, Sydney, Adelaide, Perth and a Global Service Delivery Centre in Colombo, Sri Lanka. The Canva founders were rejected by more than 100 investors before they got their first yes. Ruslan Kogan stays a former Rich Lister for a second year as supply chain problems and a cooling of the online shopping boom keep his kogan.com share price in the doldrums. Sector: Healthcare | Revenue: $3.7m | Last Years Ranking: 60. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australia's most wealthy people, up from $470.07 billion in 2021. At #1 Gina Rinehart tops the list with a massive $32.64 billion wealth. In #2 fellow mining magnate Andrew Forrest comes in at a close second with a wealth of $31.77 billion. Sector: Civil construction/mining | Revenue: Undisclosed | Last Years Ranking: 42. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australias most wealthy people, up from $470.07 billion in 2021. They may be worlds apart in age and style, but Harry Triguboff and Tim Gurner agree property is the only game in town. Combined, the businesses have more than $10 billion in annual revenue. Here are the current richest ten Aussies and what the AFR estimates are their net worth: Gina Rinehart with a net worth of $34.02 billion, up from $31.06 billion in 2021. Sector: Financial | Revenue: $187m | Last Years Ranking: 2. WiseTech co-founder Richard White managed an exquisitely timed equity sell-down by offloading a parcel of shares just as they raced to a record $60. There are 13 debutants on the Rich List, 37 women and four people whove returned. Farquhar also has dozens of tech startup investments along with a considerable Sydney property portfolio. Theres no superyacht access but plenty of room for a tennis court. Rinehart No1 as pizzas also deliver a packet, Economy dire for 12-18 months: pub baron, Property doyen Kevin Seymour parks opinion, Gurner warns of apartments shortage and COVID rental crisis, Rich-list solar farm wins federal support, Up $11bn, Forrest has a profitable pandemic, find out more about our policy and your choices, including how to opt-out here. Most Rich Listers live in NSW (79), followed by Victoria (60) and Queensland (19). Gina Rineharts Hancock Prospecting has outlined growth plans in energy, agriculture and so-called green minerals after posting a $5.8 billion profit driven by iron ore mining. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: Unranked. Sector: Information technology and equipment | Revenue: $20.9m | Last Years Ranking: 50. Community CPS Australia (Beyond Bank), 24. Perkins and Obrecht, who met at university and married two years ago, formed Canva in 2012 and remain at its helm. It was formed in 2008 by the merger of two Australian non-ferrous metals mining businesses Oxiana and Zinifex.
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