Financial Review Rich List

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Financial Review Rich List
(formerly known as the BRW Rich 200)
List of 200 Australians, ranked in order of net worth
Publication details
Publisher Fairfax Media
Publication Financial Review
First published 1984 (as BRW Rich 100)
Latest publication May 25, 2017
Current list details (2017)[1]
Wealthiest Australian Anthony Pratt and family
Net worth (1st) Increase A$12.6 billion
Entry point (200th) Increase A$342 million
Total list net worth value Increase A$233.1 billion
Average net worth Increase A$1.16 billion
AFR Rich 200 website

The Financial Review Rich List,[1][2] formerly known as the BRW Rich 200, is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth published annually in The Australian Financial Review. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed.

The list was historically released annually in May or June in a special issue of the Business Review Weekly (BRW), published by Fairfax Media. The final hardcopy issue of BRW was published in November 2013, and between 2014 and March 2016, the list was published online only, since March 2016 the BRW Rich 200 has been published in hardcopy in The Australian Financial Review Magazine or (AFR Magazine), and published online on the Financial Review website.[3]

In 2017, the entry mark for the 200th richest individual was A$342 million – an increase of A$39 million on the 2016 entry mark.[1][4] The wealthiest individual in the 2017 list was Anthony Pratt and family, estimated to have a personal net worth of A$12.6 billion – the second time that Pratt had headed the list; the first time being in 2009, four weeks after the death of his father, Richard Pratt, when Anthony Pratt's wealth was estimated at A$4.3 billion.[1] Pratt succeeded Harry Triguboff, when it was estimated he had a personal net worth of A$10.62 billion in 2016.[4] Gina Rinehart held the mantle between 2011 and 2015. In 2012 BRW proclaimed Rinehart as the richest woman in the world, a title that appeared to have slipped in subsequent years, according to Forbes Asia.[5]

Fifteen individuals and/or families have made every list; including Maurice Alter, Lindsay Fox, John Gandel, Bruce Gordon, Bruno & Rino Grollo, David Hains, John Kahlbetzer, Solomon Lew, Frank Lowy, Grahame Mapp, Stan Perron, Alan Rydge, Kerry Stokes, and Harry Triguboff.[1][2]

In 2014 fourteen women and 186 men made the BRW Rich 200 list;[6][7][8] and by 2017 the number of women had increased to fifteen women.[1] The list is dominated in number, but not by value, by those whose source of wealth is from property investment (26%); while in previous years mass media has been the traditional wealth creation source. In more recent years, those with an interest in resources have dominated the list by value,[9][10] the combined wealth of the 200 individuals in 2017 was assessed at A$233.1 billion;[1] and the average wealth for the 200 on the 2017 list reached A$1.16 billion, the first year that average wealth exceeded one billion dollars.[1]

Background and history[edit]

The Financial Review Rich List was first published in 1984[2][11] as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.[12][13]

In 2008 it was the first time in more than 20 years that a Kerry or James Packer had not headed the list. Andrew Forrest was listed as the richest person in Australia, with a net worth estimated at A$9.41 billion, with James Packer listed third with A$6.1 billion.[14] In 2009 Anthony Pratt was top of the list with A$4.3 billion. In 2010, the founder of Westfield, Frank Lowy, who has appeared on the list every year, was Australia's richest individual with an assessed personal net worth of A$5.04 billion.[15][16] Rinehart held the mantle between 2011 and 2015;[17] and Triguboff in 2016.[4]

The list has sometimes caught the ire of those profiled; in an essay celebrating the 25th anniversary of the BRW, Jefferson Penberthy, the founding editor of the BRW Rich 100 wrote that at one stage Australian entrepreneur Dick Smith, then valued at A$50 million, did not want to appear on the list. When told that the cut off was A$35 million, Smith publicly divested A$20 million to charities.[13]

The Financial Review Rich List excludes individuals who have renounced their Australian citizenship, for example, despite Rupert Murdoch being born in Australia and having a personal net wealth of US$7.6 billion in 2011,[18] due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.[19]

The BRW Rich Families List was first published annually between 2008 and 2015; in every year of its publication the Smorgon family has headed the list, with estimated wealth of A$2.74 billion in 2015 spread across seven branches of the family.[20] In 2015 the list comprised fifty families with an entry point of A$302 million.[21] The families list has not been published in hard copy or online since 2015.

The Financial Review Rich List is one list in a series of lists published by the Financial Review and/or were previously published by the BRW. Other lists includes:

  • the BRW Rich series; covering BRW Executive Rich, BRW Young Rich, and BRW Rich Summer
  • the BRW Fast list series; covering BRW Fast Starters, BRW Fast Franchises, and BRW Fast 100
  • the BRW Top list series; covering Top 1000 Companies, Top 50 Entertainers, and Top 500 Private Companies

On 4 March 2016, Fairfax announced the closure of the BRW website, and redirected the site to a new section of The Australian Financial Review. Rich lists are now published in The Australian Financial Review Magazine and in 2017 were rebranded as the Financial Review Rich List.[1][2][3]

Top ten individuals and families[edit]

Individuals[edit]

Name 2011[22][23] 2012[24] 2013[25] 2014[7] 2015[17] 2016[4] 2017[1] Sources of wealth
Rank Net worth
(A$) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Pratt, AnthonyAnthony Pratt 4 Decrease $5.18 Increase 5 Decrease $5.45 Increase 4 Increase $5.95 Increase 2 Increase $7.64 Increase 2 Steady $10.76 Increase 2 Steady $10.35 Decrease 1 Increase $12.60 Increase Visy Industries; Pratt Industries
Triguboff, HarryHarry Triguboff 7 Decrease $4.30 Increase 7 Steady $4.85 Increase 6 Increase $4.95 Increase 8 Decrease $5.50 Increase 3 Increase $10.23 Increase 1 Increase $10.62 Increase 2 Decrease $11.40 Increase Meriton Apartments
Rinehart, GinaGina Rinehart 1 Increase $10.31 Increase 1 Steady $29.17 Increase 1 Steady $22.02 Decrease 1 Steady $20.01 Decrease 1 Steady $14.02 Decrease 4 Decrease $6.06 Decrease 3 Increase $10.40 Increase Hancock Prospecting; media; investment
Lowy, FrankFrank Lowy 6 Decrease $4.98 Decrease 3 Increase $6.47 Increase 2 Increase $6.87 Increase 4 Decrease $7.16 Increase 4 Steady $7.84 Increase 3 Increase $8.26 Increase 4 Decrease $8.26 Steady Westfield; property (shopping centres)
Glasenberg, IvanIvan Glasenberg 2 Increase $8.80 Increase 2 Steady $7.40 Decrease 5 Decrease $5.61 Decrease 5 Steady $6.63 Increase 6 Increase $6.14 Decrease 9 Decrease $3.33 Decrease 5 Increase $6.85 Increase Glencore commodities trading
Forrest, AndrewAndrew Forrest 3 Increase $6.18 Increase 4 Decrease $5.89 Decrease 9 Decrease $3.66 Decrease 7 Increase $5.86 Increase 9 Decrease $2.83 Decrease 8 Increase $3.33 Increase 6 Increase $6.84 Increase Fortescue Metals Group
Gandel, JohnJohn Gandel 9 Decrease $3.45 Increase 10 Decrease $3.35 Decrease 8 Increase $3.70 Increase 9 Decrease $4.08 Increase 8 Decrease $4.40 Increase 5 Increase $5.40 Increase 7 Decrease $6.05 Increase Property (shopping centres)
Hui, Wing MauWing Mau Hui not listed not listed 7 Increase $4.82 Increase 6 Increase $6.35 Increase 5 Increase $6.89 Increase 6 Decrease $5.39 Decrease 8 Decrease $5.96 Increase Shimao Property
Packer, JamesJames Packer 8 Decrease $4.16 Steady 6 Increase $5.21 Increase 3 Increase $6.00 Increase 3 Steady $7.19 Increase 7 Decrease $6.08 Decrease 7 Steady $5.00 Decrease 9 Decrease $4.79 Decrease Crown Limited; Consolidated Media Holdings
Perron, StanStan Perron 18 Increase $1.88 Increase 15 Increase $2.05 Increase 14 Increase $2.33 Increase 11 Increase $2.73 Increase 10 Increase $2.65 Increase 11 Decrease $2.88 Increase 10 Increase $3.90 Increase Mineral resources; property

Families[edit]

Name 2011[22][23] 2012[26] 2013[27] 2014[28] 2015[21] Sources of wealth
Rank Net worth
(A$) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
family, SmorgonSmorgon family 1 $2.69 Increase 1 Steady $2.63 Decrease 1 Steady $2.64 Increase 1 Steady $2.77 Increase 1 Steady $2.74 Decrease Investment
family, WilsonWilson family n/a not listed 7 Increase $1.44 Decrease 5 Increase $1.83 Increase 3 Increase $2.34 Increase 2 Increase $2.60 Increase Retail (plumbing)
family, LibermanLiberman family 2 $2.23 Decrease 2 Steady $2.20 Decrease 2 Steady $2.10 Decrease 2 Steady $2.45 Increase 3 Decrease $2.53 Increase Investment
family, BuckeridgeBuckeridge family n/a $2.60 Increase n/a $2.01 Decrease n/a $2.10 Increase 5 Increase $2.10 Steady 4 Increase $2.46 Increase Manufacturing (building materials); construction
family, BesenBesen family 3 $2.08 Increase 3 Steady $2.15 Increase 2 Increase $2.10 Decrease 4 Decrease $2.29 Increase 5 Decrease $2.41 Increase Property; retail
family, MyerMyer family 4 $2.01 Increase 5 Decrease $1.94 Decrease 4 Increase $2.01 Increase 6 Decrease $2.05 Increase 6 Steady $2.08 Increase Retail; property; investment
family, RobertsRoberts family 6 $1.35 Increase 6 Steady $1.75 Increase 6 Steady $1.82 Increase 7 Decrease $1.86 Increase 7 Steady $1.89 Increase Investment; property
family, BarroBarro family 13 $0.70 Increase 16 Decrease $0.72 Increase 13 Increase $0.91 Increase 12 Increase $1.08 Increase 8 Increase $1.25 Increase Building Services
family, SalteriSalteri family 7 $1.18 Decrease 10 Decrease $1.09 Decrease 9 Increase $1.17 Increase 9 Steady $1.26 Increase 9 Steady $1.20 Decrease Tenix; infrastructure investment (roads and services)
family, TalbotTalbot family 5 $1.42 Increase 8 Decrease $1.29 Decrease 8 Steady $1.21 Decrease 10 Decrease $1.18 Decrease 10 Steady $1.17 Decrease Resources
family, TieckTieck family 9 $1.03 Increase 11 Decrease $1.02 Decrease 10 Increase $1.07 Increase 11 Decrease $1.13 Increase 10 Increase $1.17 Increase Investment; property
Legend
Icon Description
Steady Has not changed from the previous year's list
Increase Has increased from the previous year's list
Decrease Has decreased from the previous year's list

Past richest Australian[edit]

Year Name Net worth (A$) Sources of wealth
1984 Packer, KerryKerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[29]
1985 $ billion
1986[30] Teck Puat, KhooKhoo Teck Puat $0.60 billion Diversified investment
1987[31] Holmes à Court, RobertRobert Holmes à Court $1.40 billion Bell Resources; diversified investment
1988 $ billion
1989[32] Packer, KerryKerry Packer $1.80 billion Publishing & Broadcasting Limited;
Consolidated Media Holdings
1990[33] Murdoch, RupertRupert Murdoch $3.60 billion News Corporation; media
1991 Packer, KerryKerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[29]
1992[34] $2.70 billion
1993[35] $3.00 billion Increase
1994[36] $5.50 billion Increase
1995[37] $3.00 billion Decrease
1996[38] $3.30 billion Increase
1997[39] $3.90 billion Increase
1998[40] $5.20 billion Increase
1999[41] $6.40 billion Increase
2000[42] $8.20 billion Increase
2001[43] $6.20 billion Decrease
2002[44] $5.90 billion Decrease
2003[45] $5.50 billion Decrease
2004[12] $6.50 billion Increase
2005[46] $6.90 billion Increase
2006[47] Packer, JamesJames Packer $7.10 billion Increase Media; entertainment (gaming);
investment
2007[14] $7.25 billion Increase
2008[14][23] Forrest, AndrewAndrew Forrest $9.41 billion Increase Fortescue Metals Group
2009[15] Pratt & family, AnthonyAnthony Pratt & family $4.30 billion Decrease Visy Industries; investment
2010[15][16] Lowy, FrankFrank Lowy $5.04 billion Increase Westfield; property (shopping centres)
2011[23] Rinehart, GinaGina Rinehart $10.31 billion Increase Hancock Prospecting; media;
investment
2012[24] $29.17 billion Increase
2013[48] $22.02 billion Decrease
2014[6] $20.01 billion Decrease
2015[17] $14.02 billion Decrease
2016[4] Triguboff, HarryHarry Triguboff $10.62 billion Increase Meriton Apartments
2017[1] Pratt & family, AnthonyAnthony Pratt & family $12.60 billion Increase Visy Industries; investment

See also[edit]

References[edit]

  1. ^ a b c d e f g h i j k Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017. 
  2. ^ a b c d Stensholt, John; Tadros, Edmund (25 May 2017). "Rich List 2017: the 15 names on every list since 1984". AFR Magazine. Retrieved 13 June 2017. 
  3. ^ a b Ward, Miranda (4 March 2016). "Fairfax Media to close BRW website with team joining new Leadership section at AFR". Mumbrella. Retrieved 4 March 2016. 
  4. ^ a b c d e Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved 7 June 2016. 
  5. ^ Treadgold, Tim (21 March 2014). "Australia's $17 Billion Woman On The Road To Becoming A Whole Lot Richer". Forbes. Retrieved 28 June 2014. 
  6. ^ a b Stensholt, John (26 June 2014). "BRW 2014 Rich List". The Sydney Morning Herald. Retrieved 29 June 2014. 
  7. ^ a b Stensholt, John, ed. (26 June 2014). "2014 BRW Rich 200". BRW. Sydney. Retrieved 28 June 2014. 
  8. ^ Ferguson, Adele (23 May 2012). "Rinehart world's richest woman: BRW". The Sydney Morning Herald. Retrieved 5 June 2012. 
  9. ^ Heathcote, Andrew; Lindsay, Nicole (27 June 2014). "BRW Rich 200: how technology is reshaping the list". BRW (Interactive chart). Retrieved 29 June 2014. 
  10. ^ Thomson, James (23 May 2012). "Rinehart, Palmer and the Rich 200". Business Spectator. Retrieved 5 June 2012. 
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  12. ^ a b Skeffington, Robert (24 May 2004). "The richest list of all". The Age. Australia. Retrieved 27 July 2011. 
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  15. ^ a b c Zappone, Chris (26 May 2010). "Frank Lowy tops BRW rich list for first time". The Sydney Morning Herald. Retrieved 27 July 2011. 
  16. ^ a b Saulwick, Jacob; Cummins, Caroline (27 May 2010). "Lowy leaves mining magnates in the dust". The Sydney Morning Herald. Retrieved 27 July 2011. 
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  18. ^ "World's billionaires: Rupert Murdoch profile". Forbes. March 2011. Retrieved 31 July 2011. 
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External links[edit]