Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement
Wealth

Rich List

Rich List 2024

Featured

Rich Lister Sam Arnaout caps year with mega Sydney pubs deal

The real estate magnate has bought Sydney’s Cabramatta Hotel and the El Cortez Hotel in a transaction worth more than $180 million.

  • Nick Lenaghan

Smorgon stoush triggers gold mine fire sale

One of Australia’s most powerful families have pushed their Chinese partners in the Stawell gold mine into receivership.

  • Peter Ker
Naomi Simson started RedBalloon in 2001 and has become one of the country’s most recognisable founders.

‘A man is not a plan’: How Naomi Simson created an experiences empire

Naomi Simson founded RedBalloon in 2001 on a shoestring budget. Now she’s looking to expand the company into the international market.

  • Yolanda Redrup
The Financial Review’s Primrose Riordan interviewing Andrew Forrest.

I sent Andrew Forrest 50 hard questions. He invited me to have a talk

After months of reporting, and only carefully worded written responses from Fortescue, I found myself with the iron ore billionaire on the company jet in the Pilbara.

  • Primrose Riordan

Fortescue executive chairman Andrew Forrest in his own words

After The Australian Financial Review sent 50 questions following an investigation, the iron ore billionaire and green energy advocate sat down for an interview.

  • Primrose Riordan
Advertisement

This Month

Inside the ‘unending chaos’ at Andrew Forrest’s Fortescue

After a frenetic world tour, the billionaire had to wind back his hydrogen plans. A Financial Review investigation looks at what led to an exodus of executives.

  • Primrose Riordan
Jevan Bouzo, CEO of Convenience & Mobility at Viva and Yasser Shahin.

$3 hot dogs and a mini-shop behind $1.2b petrol bet

Service stations with the lot have arrived in Sydney as part of Viva Energy’s national rollout of the OTR brand, in a makeover that is 30 years overdue.

  • Simon Evans
The late David Haines was a pioneering hedge fund manager and amassed a significant fortune before his death last year.

Late billionaire David Hains’ sons go their separate ways

People close to the family said that the split of assets was amicable. One son of the pioneering hedge fund manager has quietly started his own family office.

  • Primrose Riordan
Paris Neilson (left) and Griffin Theatre Company executive director Julieanne Campbell at Stables Theatre, which a Neilson gift - and a last-minute Canberra grant - has helped save.

How a billionaire and government saved a key Sydney theatre

Griffin Theatre Company gave the world Cate Blanchett and David Wenham, but a soaring budget for a much-needed rebuild almost took it away.

  • Updated
  • Michael Bailey

November

Declan Sherman has been an investment banker, a fitness studio owner and a labour hire CEO, but Infragreen is where his real passion lies.

Billionaire John Van Lieshout backs sustainability investor Infragreen

Infragreen has secured a $40 million investment from Rich Lister John Van Lieshout’s fund to acquire a peaking power plant.

  • Yolanda Redrup
Advertisement
Australia’s wealthiest women and those leading philanthropic foundations gathered in Canberra on Thursday to boost female giving.

Australia’s wealthiest women join forces to supercharge philanthropy

Women from Australia’s biggest philanthropic donors met in Canberra on Thursday for She Gives’ first roundtable, including Fiona Geminder and the Fox family.

  • Yolanda Redrup
Wes Maas at the Maas Group’s  company headquarters in Dubbo. It announced on November 28 the acquisition of three businesses - Cleary Bros in NSW, Capital Asphalt in the ACT and a quarry and land holding just outside of Melbourne.

One of the few remaining building groups on the ASX hits the gas

Maas Group was founded by former Rabbitohs player Wes Maas two decades ago. With three acquisitions in one day, it is turbocharging its expansion plans.

  • Simon Evans
Blackmagic Designs founder Grant Petty with the company’s URSA Cine 17k camera.

This Rich Lister has a plan to save cinema (and his business)

Blackmagic Design’s Grant Petty hopes his new camera, which shoots at 16 times the standard image quality, can lift box-office sales and those of his company too.

  • Michael Bailey
Dr Rohan Hockings and Alan Tribe have led the turnaround of PYC Therapeutics.

The stock set to propel one of WA’s richest back onto the Rich List

Alan Tribe’s net worth has soared in line with ASX-listed PYC Therapeutics, which after more than 23 years in businesses is finally on the edge of success.

  • Yolanda Redrup
Lonely Planet founders Tony and Maureen Wheeler.

Lonely Planet founders not content with giving away half their wealth

Tony and Maureen Wheeler are doubling down on their commitment to Melbourne’s Wheeler Centre with a big commitment to match donations.

  • Yolanda Redrup
Doug Rathbone is a small shareholder and chairman of Delta Ag, which has been bought out by Elders Ltd in a $475m deal. He also owns luxury wine brands Yering Station, Mount Langi Ghiran and Xanadu.

Nufarm entrepreneur Doug Rathbone a winner in $475m Elders buyout

The 79-year-old, who made his fortune via the crop chemicals business, will pocket a small windfall from the buyout of Delta Agribusiness by its larger rival.

  • Simon Evans
Laurence Escalante built Virtual Gaming Worlds into a multibillion-dollar business.

Laurence Escalante’s VGW bulks up exec ranks as casinos bristle

Virtual Gaming Worlds was one of the early beneficiaries of a US legislative loophole in states where gambling is otherwise banned. It’s now under attack.

  • Primrose Riordan and Zoe Samios
Dom Pym has founded more than 22 companies, but you probably only know him as the guy who built neobank Up.

‘If we lose everything, we can just get a regular job’

From a childhood that was “pretty tough” in parts, Dom Pym founded 22 companies including neobank Up, which he sold for $116 million. Now he wants to elevate Australia’s venture ecosystem.

  • Yolanda Redrup

October

Property downturn nips into Walker Group profit

The empire founded by the late Lang Walker is powering on, with a $36 billion development pipeline and landmark projects stretching from Sydney to Malaysia.

  • Nick Lenaghan
James Packer is sitting pretty off the back of booming tech stocks.

Packer in $120m payday as big bets on Nvidia, Meta pay off

The billionaire’s private investment vehicle Consolidated Press Holdings recorded a profit of more than $590 million last year, new accounts show.

  • Primrose Riordan
Advertisement
xx

Westpac splits from ABA; Attempted kidnapping; Next battle for offices

Read everything that’s happened in the news so far today.

Crypto billionaire Tim Heath has an estimated worth of $2.27 billion.

Crypto casino Rich Lister victim of attempted kidnapping

Billionaire Tim Heath was attacked in his home in Estonia in July by a group of foreign nationals who attempted to abduct him.

  • Yolanda Redrup

The brothers making a fortune revolutionising healthcare with AI

Aengus and Dimitry Tran’s Harrison.ai wants to help 1 million people every day through its AI diagnostic technologies.

  • Yolanda Redrup
Paula Hitchcock and her husband Nassib Thoumi leave court after Wednesday’s decision.

Richard Pratt’s love child free to sue family for slice of the fortune

Paula Hitchcock, 27, is the child of the late packaging billionaire and will be allowed to continue her legal pursuit for access to the family trust.

  • Max Mason

September

Gold Dinner chairwoman Monica Saunders-Weinberg and her husband and committee member Richard Weinberg.

How the wealthy daughters of Westfield co-founder John Saunders invest

Previously unreported filings for Terrace Tower, owned by the late businessman’s family, reveal assets worth $1.85 billion. But it has been a bumpy two years.

  • Primrose Riordan and Ronald Mizen