south australia rich list 2022
Guidera OConnor provides design and construction services to the Australian water industry. The popular veteran stockpicker will take a carrot and stick approach to the LICs he has targeted that are trading below their asset value. 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. 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. This year is crucial for the iron ore magnate, whom the market is watching to see if he can start delivering on his green energy dream. At #10 another mining magnate Ivan Glasenberg maintains a worth of $9.10 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. Frank Lowy - $9.27 billion. Escient is an employee-owned digital and business advisory firm. There are13 debutantes on the 2022 Rich List, helping drive the total wealth of Australia's top 200 past half a trillion dollars to $555 billion, up from $480 billion in 2021, making the past year a record period for wealth creation. WiseTechs Richard White wants to beef up Australias STEM capacity. Sector: Information technology and equipment | Revenue: $479m | Last Years Ranking: 37. Sophie Ireland Stats Gate April 24, 2021. Independent Pub Group Holdings (GM Hotels), 28. Gina Rinehart tops the list with a massive $32.64 billion wealth. In #4 and #5 are the co-founders of software development company Atlassian. The total wealth held by the nation's richest 100 self-made entrepreneurs aged 40 or under has plunged 27 per cent . This year it became Australias third most valuable privately held tech company, attracting investment from Singapores Temasek and Chinas Tencent. For the top 10 richest Australians for 2022, scroll below. Richest Australians 2022. Customs Agency Services is an international freight forwarding and customs brokerage organisation. View Gallery. Samuel Smith & Son is a family-owned wine merchant established in 1923, servicing the Australian liquor industry with a portfolio of national and international wines, spirits and premium ales. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Rinehart No1 as pizzas also deliver a packet, Economy dire for 12-18 months: pub baron, Property doyen Kevin Seymour parks opinion, Gurner warns of apartments shortage and COVID rental crisis, Rich-list solar farm wins federal support, Up $11bn, Forrest has a profitable pandemic, find out more about our policy and your choices, including how to opt-out here. Suburbs with highest-density of the painfully rich are: Toorak, 20, Point Piper, 12, Vaucluse, 11, and Mosman Park, 6. Rich lister Shaun Bonett is best known for his property holdings, but another venture thats cashing in on the online shopping boom may well be his gift that keeps on giving. With a head office in Adelaide, the company recently added Hahndorf Resort and McCracken Country Club to their SA portfolio. Australia's richest people have been revealed and their combined worth skyrocketed to $520 billion over 2021. The veteran Queensland property developer will wait and see what effects COVID-19 might have on the sector. Leigh Creek Energy Limited is developing a coal gasification project, the Leigh Creek Energy Project, located 550km north of Adelaide. 51 on the list this year. 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. The overall wealth of the 10 richest people represents 40 per cent of the record $554.9 billion held by this years Rich Listers. Sector: Information technology and equipment | Revenue: $28.7m | Last Years Ranking: 43. Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. Can restaurant king Justin Hemmes take on Melbourne? LH Perry & Sons is a family-owned fuel distribution company, founded in 1949. Sector: Building and construction | Revenue: $470.3m | Last Years Ranking: 40. Gold Trip wins, followed by Emissary and High Emocean; Not a good day for Macquaries quants or Chanticleer; polar blast and hail didnt deter the punters (and the politicians). Though he turned 90 in early March, he shows little signs of slowing down. The highest ranking newcomer Sam Prince came in at #112 with his Mexican-themed takeaway company Zambrero, and a wealth of $1.18 billion. The tech sector also delivers the list its youngest-ever member in 25-year-old Robert Ferguson who, alongside his 30-year-old brother James at No. 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. But NSWs most wealthy people still have plenty of cash to play with. The Australian losers included Melanie Perkins and Mike Cannon-Brookes Jan 2, 2023 Devon Pendleton December 2022 Federal election Ten top AFR Magazine reads in 2022 This year, writers went. Mike Cannon-Brookes (No.3); Robyn Denholm (120); Peter Freedman (192); Gina Rinehart (1); Sam Arnaout (63); Cliff Obrecht and Melanie Perkins (8). So who has bought one? Formed in 1961, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide. Community CPS Australia (Beyond Bank), 24. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. The hottest trophy asset for Australias rich elite right now is a $100m jet. Shes one of Australias most successful and most wealthy retailers. Alice Car Centre is an entity of the Peter Kittle Motor Company, which runs a series of automotive dealerships. Now worth a combined $717m, this duo moved north to start a charitable program after founding one of Australias most successful technology companies. Sector: Food and beverage | Revenue: $84m | Last Years Ranking: 62. But they were paid $2.7 billion in Block equity and, as such, about $1 billion has been wiped from their wealth, which falls more than 40 per cent to $1.52 billion each this year. Ever wondered what it costs to run your own superyacht? Haighs Chocolates creates Australian-made chocolates in Adelaide. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 78. The List is the biggest annual study of Australia's 250 wealthiest individuals undertaken in this country Filter list by Manufacturing Mining Property Technology Show all Search 1 Gina Rinehart $37.1b last year $32.64b role Chairman, Hancock Prospecting 2 Andrew Forrest $35.21b last year $31.77b role Executive chairman, Fortescue Metals Group 3 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. The wealthy can be highly secretive. Australian Vintage Limited is a leading Australian wine company with a fully-integrated wine business model including vineyards, boutique and bulk wine production, packaging, marketing and distribution. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 86. 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. Unless the government gets on top of it then people are going to be awfully afraid to go into stores, says Briscoe boss. There are a record 137 billionaires in Australia, up from 111 last year. The billionaire still has more than $3bn of property assets after converting a sheep paddock into a huge office precinct. It is still one of the biggest profits for a private Australian company in recent memory, and shows how successful Rinehart has been with the huge Roy Hill mine that she had to negotiate a complex $US7.2 billion debt package to start a decade ago. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. 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. Sector: Food and Beverage | Revenue: $313m | Last Years Ranking: 38. Yet as some make their way back, others tumble out in spectacular fashion. Thats boosted Cannon-Brookes fortune to $27.83 billion, up from $20.18 billion. Farquhar sits in fourth spot with $26.41 billion, up from $20 billion. Harvey Norman is flying for the billionaire, but he has had less luck with some of his other investments. 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. Perkins and Obrecht, who met at university and married two years ago, formed Canva in 2012 and remain at its helm. To qualify for this years list, you needed at least $629 million. It took until the fast car enthusiast was 50 to realise what he needed to change to be a success in business pay staff well, hire more women and stay out of the way. 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 tech downturn could put plans for Canva to go public, probably in the US, on the backburner for now. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. Duxton Broadacre Farms offers investors a diversified portfolio of Australian farms. 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. Thats less than the $16.5 billion they achieved when the Young Rich List was published in October but still almost double the wealth they held on the 2021 Rich List. The average age of a Rich Lister is 67.7, up from 66 last year. Business leaders warn the construction sector could go backwards and the economy wont simply bounce back. Sector: Agriculture | Revenue: Not meaningful | Last Years Ranking: 69. Cochranes is an express logistics business, servicing South Australia, Mildura and Broken Hill. Thomson Geer is a large corporate law firm with 560 staff in offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. America still leads the world, with 735 billionaires worth a collective $4.7 trillion, including Elon Musk, who tops the World's Billionaires list for the first time. Korvest is a supplier of cable and pipe supports, industrial access and safety systems, fastening solutions and galvanising services. Maughan Theim Automotive is an automotive motor vehicle company which runs a variety of dealerships in South Australia. Sector: Automotive | Revenue: $219.5m | Last Years Ranking: Unranked. Sector: Travel and accommodation | Revenue: $207m | Last Years Ranking: 14. The Meriton managing director has featured prominently on the list of Australia's wealthiest people for years and in 2022, he's made it back. OZ Minerals is a copper-focused miner based in Adelaide with South Australian copper-gold mines at Prominent Hill and Carrapateena. The volatility inherent with tech firms, whose founders tend to be the younger members of the list, is also borne out in the omission of Kain Warwick, who was marching strongly towards the Rich List gates when he featured on the cover of Octobers Young Rich List. The highest money-making sectors from the list are property with 70 rich listers split between property and construction. The company, now valued at an eye-popping $3.5 billion, develops non-fungible token video games and operates ImmutableX, which builds NFT marketplaces for companies including TikTok, GameStop, Illuvium and EmberSword. Established in 1862, Coopers is the sole major brewer 100 per cent owned by Australians, claiming about 5% of the Australian beer market. Jonathan Hallinan, the developer behind Melbournes distinctive Shadow Play skyscraper, has died at 47 after a battle with cancer. Finsbury Green is a print, managed services and logistics company based in Adelaide. Here are the current richest ten Aussies and what the AFR estimates are their net worth: Gina Rinehart with a net worth of $34.02 billion, up from $31.06 billion in 2021. The Fortescue billionaire chairman is richer than ever, but several other miners have also made big fortunes since March. Theyre among the biggest names in business, and under the age of 40. Copyright Nationwide News Pty Ltd. All times AEST (GMT +10:00). Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 65. Alcidion Group Limited is a health informatics company providing clinicians with decision support tools. 54) has been removed from the list. Victoria comes in a close second with 71, then Queensland, 32, Western Australia, 21, South Australia, 5, Northern Territory, 2, and Tasmania and the ACT both have 1 each. That has all now been paid off, and Rinehart and her partners are reaping the rewards. WA premier Mark McGowan has secured donations resource companies, including Gina Rineharts Hancock Prospecting, to help pay for a new Aboriginal cultural centre in Perth. *KIPT has changed its name to Kiland since this list was originally published, Sector: Infrastructure and transportation | Revenue: $60.7m | Last Years Ranking: 80. Fellow mining magnate Andrew Forrest came in second with a combined wealth of $31.77 billion. The 200 richest people in Australia revealed Australia's billionaires have thrived during the pandemic year - and some on this year's Rich List have reaped even bigger rewards from a. The List Australias Richest 250 reinforces how tech, resources and energy are interdependent and all are crucial given our challenging strategic outlook. Rank State or territory GSP (million A$, 2003-04) GSP (million A$, 2013-14) Net growth (million A$) Growth rate per year; 1: List of richest countries in the world 2022: Top 10 richest countries in the world at a glance. Leader Computers Pty Ltd is a manufacturer and distributor of information communications technology products. Based in Virginia, Zerella is a major Australian supplier of potatoes, carrots and onions. Since 1870, the family business has processed wool and traded it across the globe. Sector: Financials | Revenue: Undisclosed| Last Years Ranking: 32. The retail sector has thrown in many of the lists lucky individuals, with Mecca cosmetics owners Jo Horgan, #188, and Peter Wetenhall, #189, with a combined wealth of $674 million. The top 10 on The List are wealthier than ever before, led by two of the countrys most successful businesswomen who have changed the face of corporate Australia. Billionaire Clive Palmer has enlisted former attorney-general Christian Porter to his legal team as he chases a massive damages payout from Australia under international trade laws. Atlassians Scott Farquhar has made several canny private investments, as he racks up an increasingly impressive record of picking start-up winners. Glasenberg was listed last year as a defendant in a class action-style lawsuit brought against Glencore in Londons High Court promoted by the companys conviction for bribery across several African countries when Glasenberg was in charge. Adelaide Airport is the fourth-largest domestic airport and sixth-largest international airport in Australia, processing more than 7.7 million passengers annually. Creditors include four entities in billionaire Anthony Pratts Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron. Between tech entrepreneurs, design moguls and real estate tycoons, Australia's richest young people are worth a combined total of $30 . 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. The company now has a $1 billion share portfolio and large cattle and agricultural holdings. Sector: Professional services | Revenue: $125m | Last Years Ranking: 57. It is critical that members of a family trust know what is to happen to trust assets if any of the key people die. Late last year, Pratt announced he will spend more than $7 billion expanding in the US over the next decade, as part of the biggest ever expenditure strategy. Hillgrove Resources Limited is an Australian mining and resources company primarily focused on the development of the Kanmantoo Copper mine. Sector: Information technology | Revenue: $19.5m | Last Years Ranking: Unranked. InDailys ranking of the states top 100 companies by market capitalisation and revenue covers the 2020-21 financial year. The data,. It covers a total area of 402,903 and has a population of 1,706,500. . Your contribution goes directly to helping our journalists uncover the facts. Mayne Pharma Group is a specialty pharmaceutical company focused on applying its drug delivery expertise to commercialise branded and generic pharmaceuticals. Australian retail phenomenon Culture Kings is about to launch its biggest play, with its 30-something founders taking on the US market. Meeting the need for economy-wide, unified and trusted public services. 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. 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. Strike is an oil and gas exploration company with assets in South Australias Cooper Basin and Western Australias Perth Basin. Founded in 1886, Angove Family Winemakers is a 5th generation, family-owned winery that produces premium South Australian wines, mainly from the McLaren Vale region. Racing SA is the controlling body for horse racing in South Australia. You can access the latest stories from the journalists youre following here. Some of the countrys biggest property developers give a snapshot of the market now and what should be hot or not as the nation recovers from COVID-19. 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In #8 and #9 husband-and-wife Canva co-founders slide into the top 10 with a company valued at more than $55 billion. Hes spent $46m on yachts and $32m on private jets, as financial records show Clive Palmer reaped about $1bn in the past year. Doneilyn Pty Ltd, trading as Sarah Group, is a locally-owned private company that derives its revenue from the provision of construction services. 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. Take our quiz and find out what kind of billionaire youll be when you strike it rich. 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. Sector: Building and construction | Revenue: $84m | Last Years Ranking: 58. For Nick Andrianakos, a journey of discovery to the lucky country has led to an estimated $894m petroleum fortune built over a lifetime. Sector: Healthcare | Revenue: $400m | Last Years Ranking: 18. 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. Construction of the project is expected to begin this month following a $116 million capital raise earlier this year, which has helped increase the Adelaide-based companys market capitalisation at the end of September to more than $600 million. And he has just one simple rule for long-term success. Sector: Automotive | Revenue: $163.8m | Last Years Ranking: 64. Atlassian co-founder Mike Cannon-Brookes is worth $26.20 billion. Sector: Retail | Revenue: $96m | Last Years Ranking: Unranked. The group provides risk advice and general insurance broking. Managing $12bn of assets around the world, Peter Cooper has built a multi-million dollar fortune for himself and his clients. 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. With an estimated net worth of $23.8 billion, Australian mining magnate Gina Rinehart is the wealthiest person in Australia, that's according to CEOWORLD magazine's Australia Rich List Index For 2021. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: Unranked. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 73. Sector: Health Care | Revenue: $25.8m | Last Years Ranking: 47.