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Top 10 richest people in Australia in 2021

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Who are the Top 10 richest people in Australia in 2021?

We’ve sifted through the ranks and prepared a list of Australia’s richest people from Forbes Magazine. These people made their fortune out of iron ore, property, and technology.

Below are the top 10 richest people in Australia;

Mike Cannon-Brookes – Net Worth $23.8B

Mike Cannon-Brookes
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Mike Cannon-Brookes, the international face of Australia’s software sector, co-founded Atlassian with university mate Scott Farquhar in 2002.

What began as a $10,000 credit card in a garage has grown into a $76 billion collaborative software enterprise and the stuff of folklore.

The laid-back, T-shirt-wearing founder is also spearheading efforts to shift the country to renewable energy and combat climate change.

Cannon-Brookes’ Grok Ventures has made a number of investments, including a proposal to create one million employment through green initiatives and renewable energy. He’s also invested in SunDrive, Brighte, and Weave Grid, among others.

Scott Farquhar – Net Worth $23.7B

Scott Farquhar

Scott Farquhar is cofounder of collaboration software company Atlassian, based in Sydney, Australia.

He and co-CEO Mike Cannon-Brookes started the company soon after graduating from college, funding it with credit cards.

According to Forbes Magazine, Atlassian, which doesn’t have a traditional sales team, boasts NASA, Tesla and SpaceX as customers.

Farquhar is cofounder of Pledge 1%, which urges companies to donate at least 1% of equity, employee time or products to charity.

Farquhar and Cannon-Brookes are reportedly neighbors in Sydney, where they own the second-most and most expensive homes in Australia, respectively.

Gina Rinehart – Net Worth $22B

Gina Rinehart

Gina Rinehart is Australia’s richest citizen, who built her wealth on iron ore.

She is the daughter of high profile iron-ore explorer Lang Hancock, Rinehart rebuilt her late father’s financially distressed company, Hancock Prospecting.

According to Forbes Magazine, the biggest piece of her fortune comes from the Roy Hill mining project, which started shipments to Asia in 2015.

The mining magnate is also Australia’s second-largest cattle producer, with a portfolio of properties across the country.

Rinehart became executive chairman of Hancock Prospecting in 1992.

Andrew Forrest – Net Worth $15.1B

Andrew Forrest

Forrest started his first mining company, Anaconda Nickel (now called Minara Resources), in 1994.

Nine years later, he founded Fortescue Metals Group, which mines and ships iron ore to China.

Investing in sustainable energy projects, he’s now focused on repositioning the company into a green energy powerhouse to produce steel in Australia.

He now also has farming interests to capitalize on China’s growing appetite for meat and dairy products.

According to Forbes Magazine, Andrew Forest is regarded as Australia’s biggest philanthropist, he made the country’s largest-ever donation in 2019, gifting A$655 million to a variety of causes.

Harry Triguboff – Net Worth $10.4B

Harry Triguboff

Triguboff is one of Australia’s richest people. Born in China to Russian parents, he came to Australia as a teenager.

Triguboff found success in business by providing higher-density living options in Sydney, Australia’s largest city, which has traditionally been dominated by free-standing homes.

His apartment-tower development company, Meriton, sees strong demand in Sydney, while it also has a presence in southeast Queensland.

He was one of Australia’s first developers to see the potential of apartment living when most of his countrymen aspired to single-family homes.

Nicknamed “High Rise Harry”, he has put up more than 75,000 apartments. According to Forbes Magazine, the buoyant Sydney market continues to drive up his fortune.

Anthony Pratt & family – Net Worth $10B

Anthony Pratt

Pratt is the executive chairman of Australia’s biggest private company, Visy Asia-Pacific, a packaging and recycling business.

The company was set up by his grandfather in 1948 in Melbourne and expanded by his late father, Richard.

He also owns Atlanta’s Pratt Industries, the biggest U.S. manufacturer of corrugated cardboard.

His sisters Heloise Pratt and Fiona Geminder also hold stakes in Visy and are fellow billionaires.

John, Alan, Bruce Wilson & family – Net Worth $6.1

The Wilson brothers own a majority stake in Reece Group, Australia’s biggest bathroom and plumbing supplies chain.

Their Reece also provides HVAC-R (heating, ventilation, air conditioning and refrigeration) to commercial and residential customers.

The company, which has more than 800 outlets across Australia, New Zealand and the U.S, celebrated its centennial in 2020.

John has retired from the board, but retains a large stake with his brothers Alan and Bruce.

Alan became Reece’s chairman in 2008 and his son Peter is now chief executive.

Richard White – Net Worth $5.1B

Richard White

Richard White founded software company WiseTech Global in 1994 to help logistics companies manage goods and information across supply chains.

Since the company went public in 2016, WiseTech’s shares have soared more than five-fold, due to strong growth in revenue and acquisitions worldwide.

He is the company’s chief executive and retains a controlling stake.

According to Forbes Magazine, Richard White is touted as Australia’s next Atlassian, Sydney-based WiseTech has more than 17,000 customers in 160 countries.

It uses its cloud-based logistics platform, CargoWise One, to automate dozens of steps.

Read Also: Top 20 richest wrestlers in the world as at 2021.

Frank Lowy – Net Worth $4.8B

Frank Lowy

An era ended in June 2018 when Lowy sold his Westfield Corp. to a Franco-Dutch group in a $16 billion deal that was Australia’s largest takeover.

A Holocaust survivor, Lowy opened his first shopping center in Sydney in 1959, launching what became one of the world’s largest mall businesses.

According to Forbes Magazine, today the Lowys’ main business is running their family investment house, Lowy Family Group, with offices in New York, Los Angeles and Sydney.

Sir Frank is a principal of the group, along with his three sons, David, Peter and Steven.

Kerry Stokes – Net Worth $4B

Kerry Stokes

Kerry Stokes took a winding path en route to earning a fortune with his Seven Group Holdings, which has many media, construction and mining assets.

Early in his life his mother gave him up for adoption, and he later dropped out of school at age 14.

He started his career selling Caterpillar tractors and trucks in Australia and eventually China, before moving into media with Seven Group.

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