When we talk about developed countries and conduct a survey in terms of its economical conditions and GDP statistics, we see that Australia is a land known for the rich people. While it’s the country where people enjoy high standard of living, it is also seen that there are many rich people who are earning more than Billions and are contributing in the country’s success.
Let us see the top 10 richest people of Australia and see from what and where did they started off. Have a look!
1. Gina Rinehart
Net Worth: $29.17 Billion
Designation: owner of Hope Down iron ore mine
Rinehart is the richest person in Australia and is
the richest woman in the world; surpass the Christy Walton who has net
worth of $28 recently due to her recent expanded iron ore operation and
developed two coal projects. Her net worth doubles initially due to the
deal signed between her developing project, Roy Hill iron ore mine, and
South Korean Steel giant Posco that valued the project up to $10
billion, thereby boosting her fortune.
2. Ivan Glasenberg
Net Worth: $7.2 Billion
Designation: CEO of Glen core International plc
Sometimes life can take you where you never thought
of to be, same happened with Glesenberg, he was an athlete and by his
early 20s he was the national junior champion in race walking. But who
knows his decision could change when his interest enhance after he did
MBA in commodities, later stepped in mining and selling South Africa’s
coal to abroad could make him a billionaire. Due to his fall hard and
fast drop in shares his company lost millions of dollars that lowers his
fortune from $8.80 billion to $ 7.40 billion.
3. Andrew Forrest
Net Worth: $5.3 Billion
Designation: non executing chairman of Fortescue Metals Group
Forrest, known by his nick ‘Twiggy’ is a mining
tycoon. He did his majors in economics and by using the tactics he
became the CEO of Minara Resources, the largest mineral exporters in
Australia. Due to his misleading shareholders, falling of iron ore
prices and lost battle against economic vandalism which he referred to
Mineral Resource Rent Tax that stated big miners will pay $2 billion
tax, he has to step as CEO to non executive Chairman.
4. James Packer
Net Worth: $4.5 Billion
Designation: Executive Chairman of publishing and broad casting limited
Packers has always stayed on top of the list, for 21
years, of being the wealthiest but in 2008 due to wrong investment James
lost $1 billion excess there by now he is at ranked 3rd.
James father did not let him to go to university by saying “why would he
want to go there? To learn how to smoke marijuana?” and so, he involved
him in their family business of media. After the death of his father he
started the biggest gaming and gambling empire, Crown. The overgrown
his fortune.
5. Frank Lowy
Net Worth: $4.4 Billion
Designation: Non-Executive Chairman of the Westfield Group
He is co-founder of the Westfield Group, operator of
over 100 shopping centers in Australia, the United States and Great
Britain. He was ranked number 1 on the BRW Rich 200 list. His career of
building shopping malls across the globe with his partner, Saunders,
stretched to a long span time of 30 years. After turning 80 he stood
down as Executive Chairman of Westfield Group and his sons Steven and
Peter became joint chief executives.
6. Harry Triguboff
Net Worth: $4 Billion
Designation: Chairman and Managing director of Merinton Apartments Pty Ltd
He became Australian citizen 1961 and did variety of
odd jobs including taxi and even owning a milk round in Chats wood.
However soon he tried his luck in state business and luck was with him
in 1963 he built Australia’s biggest residential property. He also
completed construction of World Tower Sydney’s tallest residential
apartment building. He has two daughters and lives in Sydney and owns a
collection of cars.
7. Anthony Pratt
Net Worth: $3.4 Billion
Designation: Chairman and CEO of Pratt Industries and Global Chairman of Visy Industries
He is the owner of world’s largest privately-owned
paper and packaging company. In a small span of just 10 years from
1991-2011 the Pratt Industries revenues surged from US$100 million to
US$ 1 billion. Pratt Industry currently holds 5000 employees in
Australia and 3000 employees in USA. Pratt has been honored with awards
by environmentalists’ agencies due to his commitment towards
environmental causes.
8. John Gandel
Net Worth: $ 3.2 Billion
Designation: philanthropist and real estate developer
He is a Jewish Australian businessman and a property
developer who made the money by development of commercial real estate.
He possessed much of his wealth from his Polish immigrants. In 1950 he
joined his parent’s business. He managed to buy and convert a shop into
Australia’s biggest shopping mall which is now valued over $3billion.
According to a report Gandel is the richest man in Melbourne with an
estimated net worth of A$3.4 billion. In May 2006, Gandel was awarded an
honorary doctorate of philosophy from Tel Aviv University.
9. Angela Bennett & Michael Wright
Net Worth: $2.3 Billion
Designation: mining tycoon
Angela and Michael are the grantee of a West
Australian mining fortune; they own half of the Hamersley iron ore
grand. Currently the mansion owned by Bennett and her brother Michael is
about to sold at $57.5 million to Chris Elison. They also sold $6
million development site in the Perth Central business district. The two
mining tycoon queens Gina Rinehart and Angela, who initiated a cold war
over the possession of Hope Downs Iron ore mine in Pilbara as their
fathers were equally involved in Hope Downs Venture.
10. Kerr Neilson
Net Worth: $2.10 Billion
Designation: Managing director of Platinum Asset Management.
He established Platinum Asset Management fund in
1994. It is estimated that Platinum has $us 16billion in funds under
management. Neilson typically avoids “fashionable stocks”, instead
investing in “good companies, relatively cheaply, over the long term”.
Due to world recession 2012 year resulted in 16 percent fall in net
profit, mainly due to a 14 percent reduction in investment income this
resulted his rank to go down to 10th place in 2012 from 6th place in 2010.
These richest people of Australia are earning more
than many rich ones of different nations and are contributing in the
country’s GDP.
Wishes,
0 comments:
Post a Comment