Sector: Information technology and equipment | Revenue: $20.9m | Last Years Ranking: 50. If Bevan Slatterys has big plans: to pull off what will be the largest private digital infrastructure project in Australias history. Queensland billionaire Clive Palmer owns dozens of mansions on the Gold Coast and plenty of gold. Can restaurant king Justin Hemmes take on Melbourne? Suburbs with highest-density of the painfully rich are: Toorak, 20, Point Piper, 12, Vaucluse, 11, and Mosman Park, 6. Palmer has also battled WA Premier Mark McGowan in court and has also tried, unsuccessfully so far, to launch new coal-mining projects in Queensland. The Australian doesn't play nicely with your current browser. Duxton Broadacre Farms offers investors a diversified portfolio of Australian farms. 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. Glasenberg took out Australian citizenship when he worked at Glencores local coal division in the 1980s, though the South African-born ex-boss of the global commodities giant lives in Switzerland. The total valuation of Australias 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list. This year it became Australias third most valuable privately held tech company, attracting investment from Singapores Temasek and Chinas Tencent. Tania Austin, the owner of Decjuba, is one of the most impressive new names on The List Australias Richest 250 this year. Sector: Resources | Revenue: $29.8m | Last Years Ranking: 41. The billionaire still has more than $3bn of property assets after converting a sheep paddock into a huge office precinct. Fellow mining magnate Andrew Forrest came in second with a combined wealth of $31.77 billion. He is based in Sydney. 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. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. The results have been startling. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 73. 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. Construction of the project is expected to begin this month following a $116 million capital raise earlier this year, which has helped increase the Adelaide-based companys market capitalisation at the end of September to more than $600 million. And he has just one simple rule for long-term success. journalism, This site is protected by reCAPTCHA and the Google, Media diversity is under threat in Australia nowhere more so than in South Australia. Galipo Foods is a large-scale supplier to the foodservice industry. Rex Minerals Limited is a mineral exploration and development company. The Richest And The Poorest States Of Australia. Asia Pacific near the bottom when it comes to climate readiness: What can be done? OZ Minerals is a copper-focused miner based in Adelaide with South Australian copper-gold mines at Prominent Hill and Carrapateena. A company founded and majority-owned by South Australians. Andromeda Metals has been added at No.26 and NSW-based Ansarada Group (previously No. With at least 80 of the hotels he jointly owns shut in Victoria, Bruce Mathieson says its the worst times hes seen. Sector: Retail and fuel | Revenue: $2.9b | Last Years Ranking: 5. Established in 1996, RJE provides multi-disciplinary engineering and construction services to complex projects across a range of industries. At #1 Gina Rinehart tops the list with a massive $32.64 billion wealth. Sector: Financial | Revenue: $133m | Last Years Ranking: 31. Badge is a privately-owned construction group delivering commercial projects across Australia from offices in Adelaide, Brisbane, Maroochydore and Perth. View Gallery. Rank State or territory GSP (million A$, 2003-04) GSP (million A$, 2013-14) Net growth (million A$) Growth rate per year; 1: A new Polestar outlet in a Melbourne shopping centre generated the most foot traffic among the groups similar 100-plus outlets around the world in January. FFI plans to spend billions on turning green hydrogen into a major commodity, though it is the iron ore price that has driven FMGs profits and the increase in Forrests wealth in the past year. We also unveil the winners of the individual awards. The more established players built wealth this year. Robern Menz is a confectioner with products including FruChocs and Violet Crumble. Sector: Food and Beverage | Revenue: $274m | Last Years Ranking: 48. At #7 Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. Has Aussie billionaire created the next tech unicorn? Micro-X produces, designs, develops and manufactures a range of ultra-lightweight, mobile x-ray imaging systems for medical and security applications. Peregrine Corporation is South Australias largest private employer, with over 5000 employees. Fyfe is a land, resource and infrastructure development consultancy specialising in engineering, environmental, planning and surveying services for a variety of industries. Sector: Automotive | Revenue: $219.5m | Last Years Ranking: Unranked. Terramin is a base and precious metal development company with advanced zinc and gold projects in South Australia and Algeria. The heiress and mining magnate built her fortune on iron ore, and is also the second largest cattle producer in Australia. Clive Palmer makes more income than almost every other Australian billionaire. Community CPS Australia (Beyond Bank), 24. Creditors include four entities in billionaire Anthony Pratts Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. But the tech sector was later sold off and the iron ore price rebounded. The rise in iron ore, property and solid gains in manufacturing - and the fact that tech was still well up. Sector: Health Care | Revenue: $25.8m | Last Years Ranking: 47. All but a handful still actively work in the businesses that have generated their wealth. Headed by Richest 250 member Fung Lam, New Aim is an Australian e-commerce success story, which is seeking external capital for the first time to bolster growth. 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 There is, of course, a more traditional way to make plenty of money: property. Here are the ones with the most at stake. Thomson Geer is a large corporate law firm with 560 staff in offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. Haighs Chocolates creates Australian-made chocolates in Adelaide. Billionaire property developer and Richest 250 lister Lang Walker cant handle people using COVID as an excuse.. Sector: Retail | Revenue: $96m | Last Years Ranking: Unranked. Lucas TCS is a privately-owned civil engineering and construction company, founded over 50 years ago which has worked with some of Australias leading mining and resource organisations. Sector: Building and construction | Revenue: $84m | Last Years Ranking: 58. But how he chooses to spend it is unique. 10-South Korea: This is the tenth-largest economy in the world in the year 2020-21 as per IMF. The tech duo were, for a few months in late 2021, the richest in the land as a soaring Atlassian share price and a falling iron ore price caused a switch at the top since last Mays Rich List. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 91. Hi there, welcome to your account and your subscriber benefits, The List is the biggest annual study of Australia's 250 wealthiest individuals undertaken in this country. The top 10 on The List are wealthier than ever before, led by two of the countrys most successful businesswomen who have changed the face of corporate Australia. Sector: Other | Revenue: $58.9m | Last Years Ranking: 56. Sector: Agriculture | Revenue: $112.4m | Last Years Ranking: 54. The spectacular success of Gina Rineharts Roy Hill mine has been almost 30 years in the making, with some nailbiting moments along the way | THE LIST: Australias Richest 250. Now in its seventh year, the Index has become a key source of data for those with a keen interest in the South Australian economy and business environment. The leather good and fashion retailer posted strong double-digit sales growth over the year, but is bracing for a slowdown in 2023. Woolworths reports 8pc increase in sales. Hes setting up a new technology education foundation to get the ball rolling. 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. Young Rich List wealth takes $11b hit after tech plunge. Almondco Australia supplies premium quality almond products to the world. 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. The List: Australia's Richest 250 has this year risen to a total wealth of $520.20 billion, at an average of $2.08 billion for each of the 250 members. At #6 Harry Triguboff, nicknamed high rise Harry has a wealth of $20.81 billion. S&P 500 dips. Meet the little-known powerhouse behind Australias burgeoning e-commerce industry. It has more than 3000 employees across about 150 OTR sites in the state. Alice Car Centre is an entity of the Peter Kittle Motor Company, which runs a series of automotive dealerships. Billionaire Scott Farquhar is worth $21.95bn. WiseTechs Richard White wants to beef up Australias STEM capacity. Meet Laurence Escalante, the the fast car-obsessed thirtysomething now worth more than $2b is proof that videogaming does pay | THE LIST: Australias Richest 250. This is also known as Online Behavioural Advertising. Unless the government gets on top of it then people are going to be awfully afraid to go into stores, says Briscoe boss. Business leaders warn the construction sector could go backwards and the economy wont simply bounce back. Woolworths shoppers warning after deli buy exploded causing third degree burns, Prince William and Kate leave fans speechless in amazing moment, Anna couldnt log in to myGov. Champion footballer Chris Judd now considers himself a full-time investor, putting his money into dozens of small ASX-listed stocks. Doneilyn Pty Ltd, trading as Sarah Group, is a locally-owned private company that derives its revenue from the provision of construction services. Thats boosted Cannon-Brookes fortune to $27.83 billion, up from $20.18 billion. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 13. Sector: Food and Beverage | Revenue: $313m | Last Years Ranking: 38. Andrew Forrest - $31.77 billion (up from $29.61 billion) 4 / 10 3. 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. Queensland retail couple Tah-nee and Simon Beard fail to make the list after taking equity in US-listed AKA Brands as part of the second tranche of their sale of Culture Kings. The economy's main sectors - iron . Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 83. Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. Managing $12bn of assets around the world, Peter Cooper has built a multi-million dollar fortune for himself and his clients. Khalil "Charlie" Shahin. Core Lithium Ltd a lithium-focused exploration and mining company. English soccer a new and increasingly lucrative arm of Australian bankings millionaires factory. Dream of becoming a billionaire? Australias rich lost a lot of money in 2022 and it could get worse for some billionaires this year, but others could buck the trend. Skilled Migrants. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. With a head office in Adelaide, the company recently added Hahndorf Resort and McCracken Country Club to their SA portfolio. Mossop is a construction and interiors company working on commercial, education, health, hospitality and residential projects. Sector: Agriculture | Revenue: $48.5m | Last Years Ranking: 67. Sector: Infrastructure and Transportation | Revenue: $69.7m | Last Years Ranking: 76. Peter Cochrane Management (Cochranes Transport), 62. Beach has a core focus on the resource-rich Cooper Basin. The tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. Uniti Wireless is a broadband internet provider, servicing homes and businesses across Australia. Sector: Infrastructure and transportation | Revenue: $1.1b | Last Years Ranking: 12. The 200 richest people in Australia revealed Australia's billionaires have thrived during the pandemic year - and some on this year's Rich List have reaped even bigger rewards from a. Developer Lang Walker has taken the challenges of the pandemic in his stride and is banking on a big return to the office with his latest Sydney project. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 70. Welcome to the $39bn suburb that is home to more billionaires than anywhere else in Australia. At #10 another mining magnate Ivan Glasenberg maintains a worth of $9.10 billion. Australian retail phenomenon Culture Kings is about to launch its biggest play, with its 30-something founders taking on the US market. But NSWs most wealthy people still have plenty of cash to play with. See the new rankings. She doesnt. The list is published annually in January in an online format and updated daily, also online. But who did the best? The veteran Queensland property developer will wait and see what effects COVID-19 might have on the sector. Sector: Infrastructure and transportation | Revenue: $240m | Last Years Ranking: 9. Sector: Professional services | Revenue: $125m | Last Years Ranking: 57. Samuel Smith & Son is a family-owned wine merchant established in 1923, servicing the Australian liquor industry with a portfolio of national and international wines, spirits and premium ales. Pratt this year will open his biggest ever factory, a new paper mill in Kentucky that he says will be 50 per cent bigger than any other he has built. Sector: Energy | Revenue: $5.1b | Last Years Ranking: 1. 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. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Theres no superyacht access but plenty of room for a tennis court. Based in Virginia, Zerella is a major Australian supplier of potatoes, carrots and onions. A select group of Australian billionaires had a very good pandemic indeed. Zareh Nalbandian was paid more than $700 million when he sold his Animal Logic animation studio to Netflix last November, an analysis of the streamers accounts reveals. Hes spent $46m on yachts and $32m on private jets, as financial records show Clive Palmer reaped about $1bn in the past year. Forget fast cars, super yachts or luxury houses. There are13 debutantes on the 2022 Rich List, helping drive the total wealth of Australia's top 200 past half a trillion dollars to $555 billion, up from $480 billion in 2021, making the past year a record period for wealth creation. Peter Freedman on the cover of AFR Magazines 2022 Rich List issue. That means it is exposed to a slowdown in apartment sales, which is happening as Triguboff gets increasingly frustrated with the slow pace of government approvals for his Sydney projects. Sector: Building and construction | Revenue: $470.3m | Last Years Ranking: 40. The sixth-generation family-owned company has a diverse range of agricultural assets and is one of Australias biggest wool producers. This list has been updated following the correction of an error made during data compilation. The property market is improving but wont return to previous heights until migration numbers improve, the billionaire says. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. Sector: Healthcare | Revenue: $400m | Last Years Ranking: 18. But what really excites the Decjuba founder is her ambition to change millions of lives. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. Please click below to help InDaily continue to uncover the facts. The highest ranking newcomer Sam Prince came in at #112 with his Mexican-themed takeaway company Zambrero, and a wealth of $1.18 billion. The worlds richest people lost $2.1 trillion between them last year. Frank Lowy - $9.27 billion. SAGE Group Holdings provides electrical engineering and automation services in Australia. Elders is an agribusiness company, operating across rural and regional Australia. They wind down in various ways, from the sporty to the leisurely or just collecting ritzy houses. South Australia is located in the south-central region of the country. Harry Triguboff, the 89-year-old behind the Meriton apartment empire, increased his wealth by almost $4 billion to $21.25 billion. A high-stakes trial involving two billionaires and royalties from Rio Tinto iron ore mines is set to go ahead. Clean Seas is a commercial producer of kingfish and a pioneer in the countrys emerging aquaculture industry. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: Unranked. 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. Your contribution goes directly to helping our journalists uncover the facts, InDaily uses cookies. 2 / 10 1. Adbri is a construction materials and lime producer, established in 1882, with approximately 1400 employees and operations in every state and territory in Australia. That shows just how successful Farquhar has been as a technology entrepreneur alongside friend and business partner Mike Cannon-Brookes at software firm Atlassian. Endeavour boosts sales in third quarter update. Scammers had already claimed $150k in her name, Centrelink payment boost for 227,000 Australians, Australias biggest fuel retailer 7-Eleven up for sale, 14 million jobs will be eliminated in the next five years, new report finds, Delete it immediately: Aussies warned over DHL email, Bucket list: The holiday experience you have to try before you die, Residents bizarre message to neighbours over house renovation divides internet, How much super you need to retire comfortably revealed. Pratt has a market share of about 7 per cent in America, where he has said steady growth is forever, but dominates the Australian industry. Perth industrial landholder Michael Hodgson and Bob Ell, another major industrial property player, both enjoy big jumps in their values Hodgson is now worth $3.08 billion, up from $2.34 billion and Ell, worth $2.42 billion, is up from $1.98 billion. Late last year, Pratt announced he will spend more than $7 billion expanding in the US over the next decade, as part of the biggest ever expenditure strategy. But its not a complete tech wreck. Shes one of Australias most successful and most wealthy retailers. Sector: Agriculture | Revenue: $17.8m | Last Years Ranking: 81. CLICK HERE FOR THE FULL INTRODUCTION AND METHODOLOGY.. An elite clutch of start-up founders is getting richer more quickly than ever, adding $30bn since March as wealth shifts from old industries to new sectors. Elixir Energy is a gas exploration and development company focused on exploring Mongolia for natural gas. Sector: Food and Beverage | Revenue: Undisclosed | Last Years Ranking: 71. Such is the vast amount of iron ore royalties that flow Palmers way that a $100 million spend on advertising for his United Australia Party at last years federal election has little effect on his wealth. Help using this website - Accessibility statement, delivers the list its youngest-ever member. Glasenberg was listed last year as a defendant in a class action-style lawsuit brought against Glencore in Londons High Court promoted by the companys conviction for bribery across several African countries when Glasenberg was in charge. Established in 1946, Argo is South Australias leading listed investment company. Leader Computers Pty Ltd is a manufacturer and distributor of information communications technology products. The billionaire owner of Australias global success story had to get creative when his team hit massive issues getting toys from China. 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 . Although he did have to give up skiing recently. Its not all work for the big players on The List: The Richest 250. Mining magnates and property barons are still doing well on The List, but technology titans like Mike Cannon-Brookes and Melanie Perkins are the big losers this year. The volatility inherent with tech firms, whose founders tend to be the younger members of the list, is also borne out in the omission of Kain Warwick, who was marching strongly towards the Rich List gates when he featured on the cover of Octobers Young Rich List. While she hasnt moved rank in the last year, she has added another $1.58 billion to her name. Love them, hate them, or envy them, Australia's richest people have been announced for 2022 by The Australian 's The List. Rich lister Shaun Bonett is best known for his property holdings, but another venture thats cashing in on the online shopping boom may well be his gift that keeps on giving. In 2017, Land Services SA was appointed as the exclusive provider to the State Government for a range of land services and property valuation services, previously provided through the public agencies, the Lands Titles Office and State Valuation Office. Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 51. Buddy Technologies Limited produces data aggregation, management and control platforms for the internet of things and connected devices. Sector: Agriculture | Revenue: Undisclosed | Last Years Ranking: 33. The Australian losers included Melanie Perkins and Mike Cannon-Brookes Jan 2, 2023 Devon Pendleton December 2022 Federal election Ten top AFR Magazine reads in 2022 This year, writers went. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: Unranked. Sector: Automotive | Revenue: $516m | Last Years Ranking: 19. The business made a $450 million pre-tax profit in 2022. The RAA, established in 1903 to serve the motoring-related needs of South Australians, provides insurance, security, travel, finance, motoring and road safety products and services. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 53. The List Australias Richest 250 reinforces how tech, resources and energy are interdependent and all are crucial given our challenging strategic outlook. Thanks for signing up to the InDaily newsletter. Peoples Choice is one of Australias largest credit unions with members and branches across Australia. Pratt owns Pratt Industries in the US and shares ownership of Visy in Australia with sisters Fiona Geminder and Heloise Pratt. Sector: Financials | Revenue: $262m | Last Years Ranking: 24. The secretive Perth trio behind Wright Prospecting got a huge payday as the price of iron ore surged during 2020. Arrowcrest is the parent company of automotive and farming machinery companies ROH Wheels, John Shearer, Unicast, Tristar, NonFerral, Kockums Industries and Brownbuilt. Beston Global Food Company Limited exports a range of food products, focusing on dairy and meat. *combined with Melanie PerkinsThe 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: Agriculture | Revenue: $100m | Last Years Ranking: 49. The duo met at the University of NSW, starting Atlassian and later floating it on the NASDAQ in 2015. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 27, Andromeda explores for halloysite, gold and copper deposits. The total wealth held by the nation's richest 100 self-made entrepreneurs aged 40 or under has plunged 27 per cent . Sector: Civil construction/mining | Revenue: Undisclosed | Last Years Ranking: 42. Last year, Larry Diamond was sitting on a $598 million treasure trove, riding high on a global expansion of his Zip Co. Now he is in the crosshairs of the markets evisceration of the buy now, pay later sector. Sector: Electrical | Revenue: $46.7m | Last Years Ranking: Unranked. Victoria comes in a close second with 71, then Queensland, 32, Western Australia, 21, South Australia, 5, Northern Territory, 2, and Tasmania and the ACT both have 1 each. Full list of names. LH Perry & Sons is a family-owned fuel distribution company, founded in 1949. While he checks the share price most days, he says he cant get too worried about it. Sector: Waste Disposal | Revenue: $245m | Last Years Ranking: 30.

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