Australia’s richest person revealed

Gina Rinehart has continued her reign arsenic Australia’s wealthiest person, topping the Financial Review’s Rich List for the 5th twelvemonth successful a enactment pursuing her enlargement into the lithium industry.

As the state grapples with a outgo of surviving ciris, the mining magnate’s wealthiness has continued to soar, becoming the archetypal Australian to interruption the $40 cardinal barrier.

According to the Rich List, which volition beryllium released successful afloat connected Friday, Rinehart is present worthy $40.6 billion, an summation of $3.2 cardinal from past year.

The boost comes arsenic Rinehart has been engaged diversifying her assets and expanding her involvement successful the lithium industry.

The 70-year-old accumulated a important shareholding successful Australian lithium miner Liontown Resources past twelvemonth and has stakes successful Azure Minerals and Vulcan Energy Resources.

Lithium is simply a large constituent successful electrical conveyance batteries.

However, Rinehart’s astir invaluable plus remains Hancock Prospecting’s 50 per cent involvement successful Rio’s Hope Downs robust ore mine.

According to the Financial Review, the apical 10 richest Aussies are present worthy a corporate $222.6 billion, up astir $7 cardinal from past year.

Rinehart has smoked Australia’s second-richest person, Meriton laminitis Harry Triguboff, with a spread of $14 billion.

The 91-year-old spot developer is presently worthy $26.5 billion, aft expanding from $23.8 cardinal past year.

In associated 3rd spot is tech billionaire and Atlassian co-founder, Mike Cannon-Brookes and his erstwhile spouse Annie Cannon-Brookes, who are worthy $24.4 billion.

It’s understood their combined assets person not been separated contempt quality of their 2023 divided aft 13 years of marriage.

Below them, successful 4th place, is packaging and recycling billionaire Anthony Pratt, whose worthy dropped from $24.3 cardinal successful 2023 to $23.3 cardinal this year.

Atlassian co-founder Scott Farquhar ranked fifth, astatine $22.9 billion.

The institution announced past period Farquhar would beryllium stepping down from the company, leaving Mr Cannon-Brookes to pb arsenic the sole main executive.

Mining billionaires and Australia’s erstwhile richest mates Andrew and Nicola Forrest dropped from their second-place presumption pursuing their split.

Ms Forrest, who has received much Fortescue shares, present sits astatine seventh spot portion Mr Forrest is successful eighth.

The pair, who would person been successful 2nd spot had they counted arsenic 1 entry, proceed to put unneurotic successful the family’s backstage concern institution Tattarang.

Mining elephantine Clive Palmer has travel successful astatine sixth place, astatine $22.8 cardinal – a driblet from past year’s $23.66 billion.

In ninth and tenth spot are erstwhile Glencore CEO Ivan Glasenberg, astatine $14.9 billion, and Canva hubby and woman Melanie Perkins and Cliff Obrecht, astatine $13.6 billion.

The mates co-founded the highly palmy graphic plan institution alongside Cameron Adams successful 2013.

The afloat Rich List volition beryllium released connected Friday.