Sector: Professional services | Revenue: $185m | Last Years Ranking: 46. Australia's top 10 richest people of 2022 revealed - 9News Meet the 250 mining magnates, property kings, retail queens, manufacturing giants and technology titans in the countrys most extensive annual survey of wealth. Of the 250 people who made the list, the average wealth sat around AUD$2.08 billion, up from AUD$1.88 billion last year. GPA Engineering is a multidisciplinary engineering and management firm. He pulled out of a $346 million bid for renewable firm Genex Power with US private equity firm Stonepeak in January. Hancock Prospectings flagship Roy Hill mine delivers a $3.3 billion dividend despite weaker iron ore prices. The combined wealth of the country's 50 richest swelled to $213 billion, a hefty 70% jump from 2019 when we last published the list. The average age of a Rich Lister is 67.7, up from 66 last year. The Financial Review Rich List wealth soars past half a trillion Kennetts is a family-owned company that delivers major commercial construction projects. The leather good and fashion retailer posted strong double-digit sales growth over the year, but is bracing for a slowdown in 2023. Today we reveal the top 20 companies in InDailys South Australian Business Index our annual review of the top private and public companies in the state and the winners of the four awards categories. Rank State or territory GSP (million A$, 2003-04) GSP (million A$, 2013-14) Net growth (million A$) Growth rate per year; 1: This year it became Australias third most valuable privately held tech company, attracting investment from Singapores Temasek and Chinas Tencent. Weeks Group is a residential builder in South Australia and Victoria. The Financial Review Rich List 2021 is the 38th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 27 May 2021.. Atlassian co-founder Mike Cannon-Brookes is worth $26.20 billion. Dream of becoming a billionaire? Sector: Healthcare | Revenue: $3.7m | Last Years Ranking: 60. Sector: Agriculture | Revenue: $100m | Last Years Ranking: 49. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. Sector: Information technology and equipment | Revenue: $158m | Last Years Ranking: 15. CAMMS specialises in integrated software solutions for risk, strategy, and project management and grew its revenue by 24 per cent to $19.578 million in 2020-21. Media diversity is under threat in Australia nowhere more so than in South Australia. Fyfe is a land, resource and infrastructure development consultancy specialising in engineering, environmental, planning and surveying services for a variety of industries. 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. Peoples Choice is one of Australias largest credit unions with members and branches across Australia. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 91. Sector: Agriculture | Revenue: $112.4m | Last Years Ranking: 54. 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. 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 richest Aussies revealed (and the ASX shares they own) Between tech entrepreneurs, design moguls and real estate tycoons, Australia's richest young people are worth a combined total of $30 . Andromeda Metals has been added at No.26 and NSW-based Ansarada Group (previously No. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: Unranked. Peter Cochrane Management (Cochranes Transport), 62. Out now: The definitive list of Australias wealthiest people, now in its 40th year. The best local news every workday at lunch time. Although he did have to give up skiing recently. 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. A high-stakes trial involving two billionaires and royalties from Rio Tinto iron ore mines is set to go ahead. 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. Sector: Financial | Revenue: $187m | Last Years Ranking: 2. The Dicker Data founder is one of dozens of Richest 250 members to have lost money this year. Sector: Food and beverage | Revenue: $147m | Last Years Ranking: 55. Rich list 2021: Gina Rinehart, Andrew Forrest among Australia's top 200 The economy's main sectors - iron . Billionaire Clive Palmer says he is paying bucket loads of tax after pocketing hundreds of millions of dollars in dividends from Mineralogy. NSW can claim the highest number of people from the list with 98 residents. Canva founders Melanie Perkins, Cliff Obrecht and Cameron Adams collectively lost billions as a 17 per cent slide in the Nasdaq punished valuations, even for tech companies that are privately held. Sector: Infrastructure and Transportation | Revenue: $69.7m | Last Years Ranking: 76. You can access the latest stories from the journalists youre following here. Sector: Information technology and equipment | Revenue: $20.9m | Last Years Ranking: 50. In #8 and #9 husband-and-wife Canva co-founders slide into the top 10 with a company valued at more than $55 billion. That should stand them in good stead, and their valuation is only falling in line with other tech firms. Sector: Agriculture | Revenue: Undisclosed | Last Years Ranking: 33. The highest money-making sectors from the list are property with 70 rich listers split between property and construction. That should stand them in good stead, and their valuation is only falling in line with other tech firms. 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: Food and beverage | Revenue: Undisclosed | Last Years Ranking: Unranked. 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. Peter Coopers quest for freedom led him to a profound change he says not only makes him a better investor, but opens the way for a much bigger life. Kangaroo Island Plantation Timbers manages hardwood and softwood forestry plantations on Kangaroo Island. Visy paid $733m for Australias biggest beer bottle maker and will spend $500m more to make lighter, cheaper bottles. The group provides risk advice and general insurance broking. 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: Building and construction | Revenue: $84m | Last Years Ranking: 58. Sector: Financials | Revenue: $262m | Last Years Ranking: 24. Almondco Australia supplies premium quality almond products to the world. But what really excites the Decjuba founder is her ambition to change millions of lives. Sector: Health Care | Revenue: $25.8m | Last Years Ranking: 47. Sector: Engineering | Revenue: Undisclosed | Last Years Ranking: 75. Sector: Agriculture | Revenue: $48.5m | Last Years Ranking: 67. Yet as some make their way back, others tumble out in spectacular fashion. 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. 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. 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. 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. Doneilyn Pty Ltd, trading as Sarah Group, is a locally-owned private company that derives its revenue from the provision of construction services. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. Richest 250 | The Australian Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimers disease. Thanks for signing up to the InDaily newsletter. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 53. Since 1870, the family business has processed wool and traded it across the globe. Arrowcrest is the parent company of automotive and farming machinery companies ROH Wheels, John Shearer, Unicast, Tristar, NonFerral, Kockums Industries and Brownbuilt. Sector: Waste Disposal | Revenue: $245m | Last Years Ranking: 30. But who did the best? The average age of members is 65, with 98-year-olds Len Ainsworth (Aristocrat Leisure and Ainsworth Game Technology . Beston Global Food Company Limited exports a range of food products, focusing on dairy and meat. Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. The results have been startling. 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. Other big names who had been expected to grace the pages were Cettires Dean Mintz, whose wealth has plunged from $617 million in November to $232 million in line with the falling share price for his online luxury retail group. Harvey Norman is flying for the billionaire, but he has had less luck with some of his other investments. Sector: Thoroughbred racing | Revenue: $83.5m | Last Years Ranking: unranked. Chris Ellisons Mineral Resources is talking up its takeover bid for Norwest Energy as Gina Rinehart continues to slug it out with Strike Energy in the battle for Warrego. The business made a $450 million pre-tax profit in 2022. Peter Freedman on the cover of AFR Magazines 2022 Rich List issue. But he once tried to join the Army, which would have meant Australias biggest tech company may not have been born | THE LIST: Our richest 250. Sector: Infrastructure and transportation | Revenue: $1.1b | Last Years Ranking: 12. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. Harry Triguboff, the 89-year-old behind the Meriton apartment empire, increased his wealth by almost $4 billion to $21.25 billion. Sector: Information technology and equipment | Revenue: Undisclosed | Last Years Ranking: Unranked. Australia's richest property powerbrokers revealed 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. A unique collection of NFTs celebrates their success. The Canva founders were rejected by more than 100 investors before they got their first yes. Occupation Lists | Move to South Australia If it sounds too good and big to be true, unstoppable property developer Lang Walker knows its the project for him as he loves nothing more than proving the doubters wrong. Community CPS Australia (Beyond Bank), 24. He used to work at Hungry Jacks. Here are the ones with the most at stake. Vintage Energy is an oil and gas exploration and energy company. Most Rich Listers live in NSW (79), followed by Victoria (60) and Queensland (19). Strike is an oil and gas exploration company with assets in South Australias Cooper Basin and Western Australias Perth Basin. 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. 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. The 10 richest Aussies of 2022 revealed - Yahoo! Codan is an Adelaide-headquartered manufacturer of metal detectors and communications equipment. Woods Bagot is a global architecture, design and consultancy firm, based in Adelaide. Hes setting up a new technology education foundation to get the ball rolling. With mining and technology industries boosting these loaded individuals to the top, some of these wealthy names wont come as a surprise. Meet the little-known powerhouse behind Australias burgeoning e-commerce industry. 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. Mark Riley and Ailish Delaney / Centrelink. Take our quiz and find out what kind of billionaire youll be when you strike it rich. Sector: Professional services | Revenue: Undisclosed| Last Years Ranking: 70. He is also responsible for the Financial Review's Rich Lists. Sector: Building and construction | Revenue: $74.5m | Last Years Ranking: 68. Richest People in South Australia, AU - Net Worth The Manly offering is part of family succession planning and follows Robert Magids sale of the Harbour Rocks Hotel in Sydney and the Hotel Lindrum in Melbourne. Harry Triguboff (AUD$20.81 Billion) Property giant Harry Triguboff is no stranger to rich lists. The liquidity opportunity for the unlisted companys investors comes in the wake of VGWs first regulatory challenge in its prime US market. The List Australias Richest 250 reinforces how tech, resources and energy are interdependent and all are crucial given our challenging strategic outlook. Thats boosted Cannon-Brookes fortune to $27.83 billion, up from $20.18 billion. SeaLink is a tourism and transport company, operating across Australia, with more than 9000 staff and six million customers annually. 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. Haighs Chocolates creates Australian-made chocolates in Adelaide. Hes spent $46m on yachts and $32m on private jets, as financial records show Clive Palmer reaped about $1bn in the past year. Michael Bailey writes on entrepreneurship and the arts. Over the last 30 years, Peregrines operations have grown to include OTR convenience stores, The Bend Motorsport Park, Smokemart Giftbox retail stores and a range of property investments. 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. Nova Eye Medical develops novel glaucoma treatment technologies. Sparc Technologies Ltd develops innovative graphene-based technology solutions. Sector: Automotive | Revenue: $406.8m | Last Years Ranking: 45. They may be worlds apart in age and style, but Harry Triguboff and Tim Gurner agree property is the only game in town. Gina Rinehart tops the list with a massive $32.64 billion wealth. Gina Rinehart tops the 2022 Financial Review Rich List for a third consecutive year, withstanding a challenge for pole position from the co-founders of Atlassian, Mike Cannon-Brookes and Scott Farquhar.
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