Financial Review Rich List

The Financial Review Rich List,[2][3] formerly known as the BRW Rich 200, is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth published annually in The Australian Financial Review Magazine, a supplement of The Australian Financial Review, published by Nine Publishing. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed.

Financial Review Rich List
(formerly known as the BRW Rich 200)
List of 200 Australians, ranked in order of net worth
Publication details
PublisherNine Publishing
PublicationFinancial Review
First published1984 (as BRW Rich 100)
Latest publication30 October 2020
Current list details (2020)[1]
Wealthiest AustralianGina Rinehart
Net worth (1st) A$28.89 billion
Entry point (200th) A$540 million
Total list net worth value A$424 billion
AFR Rich List website

The list was historically released annually in May or June in a special issue of the Business Review Weekly (BRW), published by Fairfax Media. The final hardcopy issue of BRW was published in November 2013, and between 2014 and March 2016, the list was published online only. In March 2016 the BRW Rich 200 was published in hardcopy in The Australian Financial Review Magazine (or AFR Magazine), and published online on the Financial Review website.[4] In 2017, the list was renamed as the Financial Review Rich List, published in both print and online. The most recent list was published in October 2020.

In 2020, the entry mark for the 200th richest individual was A$540 million – an increase of A$68 million on the 2019 entry mark.[1][5] The wealthiest individual in the 2020 list was Gina Rinehart, estimated to have a personal net worth of A$28.89 billion. Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; peaking in 2012, when her net worth was assessed at A$29.17 bn.[6][7] She succeeded Anthony Pratt and family, who held the mantle of Australia's wealthiest individual between 2017 to 2019, and also in 2009. Pratt succeeded Harry Triguboff who topped the list in 2016, when it was estimated he had a personal net worth of A$10.62 billion.[8]

Twelve individuals and/or families have made every list; including Maurice Alter, Lindsay Fox, John Gandel, Bruno & Rino Grollo, David Hains, John Kahlbetzer, Solomon Lew, Frank Lowy, Grahame Mapp, Alan Rydge, Kerry Stokes, and Harry Triguboff.[1][2][3][5][9]

In 2014 fourteen women and 186 men made the BRW Rich 200 list;[10][11][12] and by 2017 the number of women had increased to fifteen women;[2] increased to nineteen women (either jointly or severally) in the list published in 2018;[9] and in 2019, twenty-six women were included on the 2019 Rich List, representing 13 percent of the total list.

The list is dominated in number by those whose source of wealth is from property (50%), retail (11%) and investment (10%); while in the 1980s through until mid-2000s, mass media was the traditional wealth creation source. In the early years of this century, those with an interest in resources dominated the list by value,[13][14] also reflected in the 2020 list.[15] The combined wealth of the 200 individuals in 2020 was assessed at A$424 billion.[1] 2017 was the first year that average wealth exceeded one billion dollars.[2]

Background and history

The Financial Review Rich List was first published in 1984[3][16] as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.[17][18]

In 2008 it was the first time in more than 20 years that Kerry or James Packer had not headed the list. Andrew Forrest was listed as the richest person in Australia, with a net worth estimated at A$9.41 billion, with James Packer listed third with A$6.1 billion.[19] In 2009 Pratt was top of the list with A$4.3 billion. In 2010, the founder of Westfield, Frank Lowy, who has appeared on the list every year, was Australia's richest individual with an assessed personal net worth of A$5.04 billion.[20][21] Rinehart held the mantle between 2011 and 2015;[22] and Triguboff in 2016.[8] Pratt held the mantle again, between 2017 and 2019.[5] Rinehart returned in 2020 as Australia's wealthiest individual.[1]

The list has sometimes caught the ire of those profiled. In an essay celebrating the 25th anniversary of the BRW, Jefferson Penberthy, the founding editor of the BRW Rich 100 wrote that Australian entrepreneur Dick Smith, at one stage valued at A$50 million, did not want to appear on the list. When told that the cut off was A$35 million, Smith publicly divested A$20 million to charities.[18]

The Financial Review Rich List excludes individuals who have renounced their Australian citizenship. For example, despite Rupert Murdoch being born in Australia and having a personal net wealth of US$7.6 billion in 2011,[23] due to Murdoch becoming a naturalised US citizen in 1985, he was excluded from the list.[24]

The BRW Rich Families List was first published annually between 2008 and 2015. In every year of its publication the Smorgon family has headed the list, with estimated wealth of A$2.74 billion in 2015 spread across seven branches of the family.[25] In 2015 the list comprised fifty families with an entry point of A$302 million.[26] The families list has not been published in hard copy or online since 2015.

On 4 March 2016, Fairfax Media announced the closure of the BRW website, and redirected the site to a new section of The Australian Financial Review. Rich lists are now published in The Australian Financial Review Magazine and in 2017 were rebranded as the Financial Review Rich List.[2][3][4]

The Financial Review Rich List is one list in a series of lists published by the Financial Review and/or were previously published by the BRW. Other lists includes:

  • the BRW Rich series; covering BRW Executive Rich, BRW Young Rich, and BRW Rich Summer
  • the BRW Fast list series; covering BRW Fast Starters, BRW Fast Franchises, and BRW Fast 100
  • the BRW Top list series; covering Top 1000 Companies, Top 50 Entertainers, and Top 500 Private Companies

Lists by year

Past richest Australian
This list is incomplete; you can help by adding missing items with reliable sources.
YearNameNet worth
A$ billion		Sources of wealth
1984Kerry Packer0.20Publishing & Broadcasting Limited;
Consolidated Media Holdings[27]
1985Robert Holmes à Court0.30Bell Resources; diversified investment
1986[28]Khoo Teck Puat0.60Diversified investment
1987[29]Robert Holmes à Court1.40Bell Resources; diversified investment
19881.50
1989[30]Kerry Packer1.80Publishing & Broadcasting Limited;
Consolidated Media Holdings[27]
1990[31]1.85
19911.90
1992[32]2.70
1993[33]3.00
1994[34]5.50
1995[35]3.00
1996[36]3.30
1997[37]3.90
1998[38]5.20
1999[39]6.40
2000[40]8.20
2001[41]6.20
2002[42]5.90
2003[43]5.50
2004[17]6.50
2005[44]6.90
2006[45]James Packer7.10 Media; entertainment (gaming);
investment
2007[19]7.25
2008[19][46]Andrew Forrest9.41 Fortescue Metals Group
2009[20]Anthony Pratt & family4.30 Visy Industries; investment
2010[20][21]Frank Lowy5.04 Westfield; property (shopping centres)
2011[47]Gina Rinehart10.31 Hancock Prospecting; media;
investment
2012[48]29.17
2013[49][50]22.02
2014[11][10]20.01
2015[22]14.02
2016[8]Harry Triguboff10.62 Meriton; construction
2017[2]Anthony Pratt & family12.60 Visy Industries; investment
2018[9]12.90
2019[5]15.57
2020[1]Gina Rinehart28.89 Hancock Prospecting; resources
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

See also

References
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  2. Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". Financial Review. Retrieved 8 June 2017.
  3. Stensholt, John; Tadros, Edmund (25 May 2017). "Rich List 2017: the 15 names on every list since 1984". AFR Magazine. Retrieved 13 June 2017.
  4. Ward, Miranda (4 March 2016). "Fairfax Media to close BRW website with team joining new Leadership section at AFR". Mumbrella. Retrieved 4 March 2016.
  5. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  6. Jackson, Sally (23 May 2012). "The $29.17 billion woman: Gina Rinehart tops BRW's Rich List". The Australian. Retrieved 23 May 2012.
  7. Treadgold, Tim (21 March 2014). "Australia's $17 Billion Woman On The Road To Becoming A Whole Lot Richer". Forbes. Retrieved 28 June 2014.
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