- Gina Rinehart remains the richest Australian – topping the 2013 BRW Rich 200.
- # 2 is Frank Lowy, and # 3 James Packer.
- Total wealth of the Rich 200 is down $4.4 billion to $176.8 billion but when Rinehart is excluded, total wealth rises by $2.7 billion to $154.8 billion.
- The average wealth per person on the Rich 200 has fallen to $884 million, down from $906 million last year.
- Cut-off rises $25 million to $235 million.
- Chinese-based property developer Hui Wing Mau debuts at 7th spot on the list with a $4.82 billion fortune.
- 14 women make the cut-off for 2013 BRW Rich 200. Therese Rein drops off after debuting last year.
After
riding the resources boom into the top spots of the Rich 200, the
country’s mining magnates have taken hits to their wealth in 2013 and
allowed some
BRW Rich List veterans to take starring roles in the 30th anniversary edition of the
BRW Rich 200.
The
biggest fall has been felt by the richest Australian of all time: Gina
Rinehart. Rinehart retains her firm grip on the top spot despite the
fall in her wealth to $22.02 billion from $29.17
billion last year.
All of the five biggest falls on the 2013
BRW Rich 200 (on both dollar value and proportional bases) are from the mining sector.
Among
them are Fortescue Metals Group’s Andrew Forrest, who is down $2.23
billion to $3.66 billion and political aspirant Clive Palmer, down to
$2.2 billion from $3.85 last year.
“It’s
been a tough year for the miners, with falling commodity prices and
concerns about the Chinese economy weighing heavily,” Rich 200 editor
Andrew Heathcote said.
“But
strong equity markets have allowed some of the best-known members of
the list to boost their fortunes and regain some ground on the miners.”
A former number one, Frank Lowy, moves from third last year to second on the 2013
BRW Rich 200 after gaining about $400 million. His $6.87 billion
valuation is underpinned by some modest growth at his shopping centre
business Westfield Group.
One of the big movers on this year’s
BRW Rich 200 is James Packer. His wealth has risen to $6 billion
from $5.21 billion on the back of strong growth in his gambling
interests taking him to the #3 spot.
Anthony Pratt has had another good year at #4 on the
BRW Rich 200. The family-owned flagship business Visy continues
to achieve strong results here and Pratt’s US-based box making business
Pratt Industries is growing quickly.
Last year’s number two, Ivan Glasenberg – CEO of Glencore Xstrata – falls to fifth spot on the
BRW Rich 200 this year. His wealth is down to $5.61 billion from $7.40 billion last year.
Thirty-year list veteran Harry Triguboff has boosted his wealth to $4.95 billion from $4.85 billion last year. He is ranked #6.
The
highest ranked debutant this year is Chinese-based property developer
Hui Wing Mau whose $4.82 billion fortune pushes him into 7th position on
the 2013
BRW Rich 200. Mau is chairman of the Hong Kong-listed Shimao
Group and has built a property empire on the back of China’s property
boom.
Hui Wing Mau is reflective of a growing trend on the Rich 200. “The 30th Rich 200 provides an opportunity to look back at how the list has changed and one of the clear trends is that Australian wealth has become more global,” Heathcote says.
“There
are 16 members of the list based overseas and, as always, the Rich 200
features many great migrant stories, with members who were born in
Nepal, China, Malaysia and throughout Europe.”
John
Singleton, whose ugly spat with horse trainer Gai Waterhouse has
created weeks of headlines, has finally got some good news. He is up $35
million on last year to $355 million and #135
on BRW’s Rich 200.
The
most notable departure from this year’s list is Nathan Tinkler. This
year, he falls below the $235 million cut-off for the Rich 200.
There are 14 women on this year’s Rich 200. Yenda Lee, from the Bing Lee retail empire, joins the
BRW Rich 200 after previously appearing on BRW’s Rich 50 Families list.
In the 30th anniversary year,
BRW’s editorial team reviewed the combined list of brilliant
business people – 977 names – who have qualified for the Rich 200 over
the past three decades to choose the greatest entrepreneur: Kerry
Stokes. Best known for his role as chairman of the Seven Network, Stokes is one of only 19 business people to feature on every list since 1984, when his personal wealth was estimated at $30 million. Today, he has a business empire worth an estimated $2.47 billion and the title of Australia’s 12th richest person.
He stands out not just for his incredible rags-to-riches story, but for his ability to pick two of the great trends in Australian wealth in the last three decades: media and mining.
This year,
BRW has also compiled the top “30 moments from the past 30 years” of
the Rich 200. Kerry Packer features prominently; he dominated the list
for many years and built the basis of a family fortune that continues to
feature prominently.
Top
of the “30 Moments List” is Packer selling his Channel Nine stations to
Alan Bond in 1987 before regaining control three years later. It was a
moment that spawned one of the most memorable
lines in the history of Australian business: “You only get one Alan
Bond in your lifetime.”
Top 5 Rich in Australia
NAME WEALTH INDUSTRY
1) Gina Rinehart $22.02 b Resources
2) Frank Lowy $ 7.40 b Property
3) James Packer $6.00 b Gambling, investment
4) Anthony Pratt & family $5.95 b Manufacturing, investment
5) Ivan Glasenberg $5.61 b Resources
Residences of Top 200 Rich in Australia
STATE
|
NUMBER
|
New South Wales
|
61
|
Victoria
|
52
|
Queensland
|
28
|
Western Australia
|
19
|
Overseas
|
16
|
South Australia
|
6
|
Tasmania
|
2
|
Australian Capital Territory
|
1
|
No comments:
Post a Comment