Strike is an oil and gas exploration company with assets in South Australias Cooper Basin and Western Australias Perth Basin. But its not a complete tech wreck. Sector: Agriculture | Revenue: $39.7m | Last Years Ranking: 39. 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. Sector: Building and Construction | Revenue: $100 million | Last Years Ranking: Unranked. 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 Rising Star Award is presented to Core Lithium, which jumped a huge 70 places from 86 last year to No. List of richest countries in the world 2022: Top 10 richest countries in the world at a glance. Out now: The definitive list of Australias wealthiest people, now in its 40th year. *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. Maughan Theim Automotive is an automotive motor vehicle company which runs a variety of dealerships in South Australia. 2 of 11 Attribution: Yadid Levy. Sector: Financial technology | Revenue: Undisclosed | Last Years Ranking: unranked. Discovery Parks Holdings (GDay Group), SA 'Copper Kingdom' World Heritage bid a step closer, Local Beresford Wines Shiraz sweeps London wine awards, All eyes on Reserve Bank interest rate call, 'This must end': Govt moves on child vaping, A South Australian entity with an Adelaide ownership register, or a South Australian operated entity; or. 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. He has pledged to spend that money on American recycling and clean energy infrastructure to create more than 5000 manufacturing jobs in 10 years. Companies owned in part or whole by government, government agencies and organisations, and registered charities are not eligible. See the new rankings. 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. Matthews Hotels is a hospitality company that owns and operates a range of hotels in Adelaide, Mount Gambier and Whyalla. Sector: Biotechnology | Revenue: Not meaningful | Last Years Ranking: 63. See The Lists newest members. Sector: Packaging | Revenue: $544m | Last Years Ranking: 36. This year, writers went behind the scenes and analysed the big themes that defined Australias year in business and beyond. 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. A select group of Australian billionaires had a very good pandemic indeed. The total wealth held by the nation's richest 100 self-made entrepreneurs aged 40 or under has plunged 27 per cent . Sector: Building and construction | Revenue: $84m | Last Years Ranking: 58. Sector: Building and construction | Revenue: $460m | Last Years Ranking: 28. Alice Car Centre is an entity of the Peter Kittle Motor Company, which runs a series of automotive dealerships. Heres why. OZ Minerals is a copper-focused miner based in Adelaide with South Australian copper-gold mines at Prominent Hill and Carrapateena. 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. Duxton Broadacre Farms offers investors a diversified portfolio of Australian farms. NSW can claim the highest number of people from the list with 98 residents. He pulled out of a $346 million bid for renewable firm Genex Power with US private equity firm Stonepeak in January. South Australia is located in the south-central region of the country. Thirty-two years after founding their eponymous label, sisters Nicky and Simone Zimmermann have reaped the rewards of putting Australia on the international fashion map. Founded in 1993, the waste services company provides recycling, soil and waste management services, and produces alternative fuels. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 59. 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. Sector: Information technology and equipment | Revenue: $24.5m | Last Years Ranking: 90. Gina Rinehart top Australia's rich list followed by Clive Palmer and Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. The economy's main sectors - iron . Sector: Energy | Revenue: Undisclosed | Last Years Ranking: 72. Young Rich List wealth takes $11b hit after tech plunge. The countdown finishes today with the full list, including the top 20 which features some newcomers. Andrew Forrest - $31.77 billion (up from $29.61 billion) 4 / 10 3. Flinders Port Holdings is a privately-owned port operator with seven ports in South Australia, also offering hydrographic survey services. The list, compiled for InDaily by Adelaide financial services firm Taylor Collison, is the state's most definitive guide to our top companies (scroll to the bottom of the page for eligibility criteria).. Get InDaily in your inbox. 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. Sector: Retail and fuel | Revenue: $2.9b | Last Years Ranking: 5. Sector: Building and construction | Revenue: $74.5m | Last Years Ranking: 68. Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. The duo met at the University of NSW, starting Atlassian and later floating it on the NASDAQ in 2015. SAGE Group Holdings provides electrical engineering and automation services in Australia. Sector: Energy | Revenue: $1.5b | Last Years Ranking: 4. Khalil "Charlie" Shahin. A high-stakes trial involving two billionaires and royalties from Rio Tinto iron ore mines is set to go ahead. Image: The Australian. The average age of a Rich Lister is 67.7, up from 66 last year. *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: Food and Beverage | Revenue: Undisclosed | Last Years Ranking: 71. 16 in 2021. 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. Theres no superyacht access but plenty of room for a tennis court. Clearlight Investments Pty Ltd, trading as pasta company San Remo, has a manufacturing facility in Adelaide and offices and distribution centres in all main capital cities throughout Australia and New Zealand. To qualify for this years list, you needed at least $629 million. For Mecca founder Jo Horgan, theres nothing so viscerally delightful as going into a store and playing with products. Sector: Agriculture | Revenue: Not meaningful | Last Years Ranking: 69. Community CPS Australia (Beyond Bank), 24. It is critical that members of a family trust know what is to happen to trust assets if any of the key people die. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. That has all now been paid off, and Rinehart and her partners are reaping the rewards. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. Michael Bailey writes on entrepreneurship and the arts. Rex Minerals Limited is a mineral exploration and development company. Advertisement Support independent JournalismDonateSubscribe News News Local At #6 Harry Triguboff, nicknamed high rise Harry has a wealth of $20.81 billion. Amazon Prime customers will soon pay $9.99/month for a subscription, as new data shows consumers are buying more streaming platforms than they cancel. 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. 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. Managing $12bn of assets around the world, Peter Cooper has built a multi-million dollar fortune for himself and his clients. 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. The company has maintained the rage over the Labor governments industrial relations changes while handing down a huge return for billionaire Gina Rinehart. Farquhar broke the Australian property record in January, when it was revealed he was shelling out $130 million to buy the Sydney harbourside home known as Uig Lodge in Point Piper. If youve been wondering where all of these people live, the places they call home have also been announced. 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. Champion footballer Chris Judd now considers himself a full-time investor, putting his money into dozens of small ASX-listed 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. 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. Clive Palmer makes more income than almost every other Australian billionaire. Sector: Food and beverage | Revenue: $147m | Last Years Ranking: 55. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. 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. Gina Rinehart tops the list with a massive $32.64 billion wealth. Beston Global Food Company Limited exports a range of food products, focusing on dairy and meat. Sector: Information technology and equipment | Revenue: $479m | Last Years Ranking: 37. There are a record 137 billionaires in Australia, up from 111 last year. Jonathan Hallinan, the developer behind Melbournes distinctive Shadow Play skyscraper, has died at 47 after a battle with cancer. All but a handful still actively work in the businesses that have generated their wealth. Media diversity is under threat in Australia nowhere more so than in South Australia. You have been working in your nominated occupation, or a related occupation, for the last 3 months in Greater Adelaide, or 3 months in regional South Australia. This list has been updated following the correction of an error made during data compilation. Sector: Other | Revenue: $58.9m | Last Years Ranking: 56. Core Lithium Ltd a lithium-focused exploration and mining company. The Richest And The Poorest States Of Australia. Suburbs with highest-density of the painfully rich are: Toorak, 20, Point Piper, 12, Vaucluse, 11, and Mosman Park, 6. Mark Riley and Ailish Delaney / Centrelink. Leigh Creek Energy Limited is developing a coal gasification project, the Leigh Creek Energy Project, located 550km north of Adelaide. See the full Australias Richest 250 list, Billionaire central: The top 5 richest suburbs, Meet the 30 women who have made their mark. Two things Richest 250 members have in common, Rinehart tops Richest 250, Canvas Perkins the big mover, The Australian brings you the countrys richest as NFTs, Simple lessons in David Dickers 25-year overnight success, Cars and politics fuel Clive Palmers passion play, High flyers: Private jets the new toy of choice, Richest 250 recast: Young tech stars topple old guard, Helping other tech unicorns find their feet, Packer $400m richer by lunch, but sliding down Richest 250 list, How our biggest names thrived during the pandemic, Millionaires secret to picking right stocks. Clean Seas is a commercial producer of kingfish and a pioneer in the countrys emerging aquaculture industry. Theres work to do for this 97-year-old who heads into the office each weekday. He collects hundreds of millions in royalties from CITIC annually, a situation that has often been the subject of legal action. Billionaire property developer and Richest 250 lister Lang Walker cant handle people using COVID as an excuse.. Meet the little-known powerhouse behind Australias burgeoning e-commerce industry. Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. Over the last 30 years, Peregrines operations have grown to include OTR convenience stores, The Bend Motorsport Park, Smokemart Giftbox retail stores and a range of property investments. Gina Rinehart tops the 2022 Financial Review Rich List for a third consecutive year, withstanding a challenge for pole position from the co-founders of Atlassian, Mike Cannon-Brookes and Scott Farquhar. View Gallery. The Financial Review Rich List 2021 is the 38th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 27 May 2021.. Yasser Shahin and Dr Sam Shahin. Customs Agency Services is an international freight forwarding and customs brokerage organisation. Australia's top 10 richest people of 2022 revealed - 9News Rank State or territory GSP (million A$, 2003-04) GSP (million A$, 2013-14) Net growth (million A$) Growth rate per year; 1: Sector: Infrastructure and transportation | Revenue: Undisclosed | Last Years Ranking: 77. The Illawarra offering comes amid a boom in pub transactions across the country, an asset class which has surged in popularity as the nation emerged from two years of rolling pandemic lockdowns. The rise in iron ore, property and solid gains in manufacturing and the fact that tech was still well up overall has widened the gap between the top of the list and the rest. Combined, the businesses have more than $10 billion in annual revenue. Escient is an employee-owned digital and business advisory firm. 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 . Sector: Healthcare | Revenue: $3.7m | Last Years Ranking: 60. At #10 another mining magnate Ivan Glasenberg maintains a worth of $9.10 billion. 10 Richest People in Australia for 2022 Revealed | Man of Many Independent Pub Group Holdings (GM Hotels), 28. 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. Business was different in those days, he says. 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. See the full list of the 250 candidates at The Australian 's official listing here. Sector: Information technology and equipment | Revenue: $437m | Last Years Ranking: 6. Sector: Infrastructure and transportation | Revenue: $240m | Last Years Ranking: 9. Sector: Resources | Revenue: $29.8m | Last Years Ranking: 41. 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 The differences between Andrew Forrest and Gina Rinehart on energy shine a light on the dilemma facing a nation blessed with oil, gas, and the sun and winds needed for renewables. 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. 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. These Are The Richest People In Australia In 2021 (Australian Secretive fund manager buys into Warner Music and increases the short positions of its flagship fund by 20pc. Kilbirnie Investments has a series of automotive dealerships and horticulture assets, predominantly in South Australia and Victoria. Renascor Resources explore, develop and evaluate mineral properties in Australia. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. Watch the video to see how the average Aussie plans to spend their net worth Brian Flannery moved from surfing into mining and resort development, and now he even has his own solar train. Young Rich List 2022 total wealth drops by $11b after tech entrepreneur Sector: Food and beverage | Revenue: $52.8m | Last Years Ranking: Unranked. A unique collection of NFTs celebrates their success. 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. Australias youngest business leaders are making big money from cryptocurrency gambling, non-fungible-tokens, power tools and selling mortgages. This is also known as Online Behavioural Advertising. To put that in perspective, the average Australian is worth roughly $522,032, so a combined net worth of the same sized group would be about of $130.5 million. Sector: Agriculture | Revenue: undisclosed | Last Years Ranking: 29. Thanks for signing up to the InDaily newsletter. 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. That shows just how successful Farquhar has been as a technology entrepreneur alongside friend and business partner Mike Cannon-Brookes at software firm Atlassian. Melbourne property developer Michael Buxton is enjoying the fruits of his labours as he ponders how best to hand on his wealth. SA's top 100 companies: the full list - InDaily LH Perry & Sons is a family-owned fuel distribution company, founded in 1949. Has Aussie billionaire created the next tech unicorn? GPA Engineering is a multidisciplinary engineering and management firm. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. The popular veteran stockpicker will take a carrot and stick approach to the LICs he has targeted that are trading below their asset value. With at least 80 of the hotels he jointly owns shut in Victoria, Bruce Mathieson says its the worst times hes seen. The rise in iron ore, property and solid gains in manufacturing - and the fact that tech was still well up. Despite the sell-off, the 2022 Rich List marks a record year for wealth creation. 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.