Financial Review Rich List 2020

The Financial Review Rich List 2020 is the 37th annual survey of the 200 wealthiest people resident in Australia, published by The Australian Financial Review in The Australian Financial Review Magazine on 30 October 2020.[1]

This article is about the Financial Review Rich List published in 2020. For general information about the list, see Financial Review Rich List.

The net worth of the wealthiest individual, Gina Rinehart, was A$28.89 billion; while the net worth of the 200th wealthiest individual, Nigel Satterley, was A$540 million; up from A$472 million for the 200th individual in 2019.[2] The combined wealth of the 200 individuals was calculated as A$424 bn, an increase of A$72 bn on the previous year;[3] compared with a combined wealth of A$6.4 bn in 1984 when the BRW Rich 200 commenced.[1][3] The list included nineteen debutants, including three of Rinehart's children.[4]

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.[5] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked third in the 2020 Rich List, after Andrew Forrest AO,[3] Australia's wealthiest individual in 2008.[6][7] Harry Triguboff AO was Australia's wealthiest individual in 2016,[8][9] ranked seventh in the 2020 Rich List.[1]

List of individuals
2020[1] Name Citizenship Source of wealth 2019[10]
Rank Net worth
A$ bn		 Rank Net worth
A$ bn
1 28.89 Gina Rinehart AustraliaHancock Prospecting; investment2 13.81
2 23.00 Andrew Forrest AO AustraliaFortescue Metals Group8 7.99
3 19.75 Anthony Pratt AustraliaVisy Industries; Pratt Industries1 15.57
4 18.06 Hui Wing Mau People's Republic of China
 Australia[11]		Shimao Property4 10.39
5 16.93 Mike Cannon-Brookes AustraliaAtlassian11 9.75
6 16.69 Scott Farquhar Australia12 9.63
7 14.42 Harry Triguboff AO AustraliaMeriton Apartments3 13.54
8 9.18 Clive Palmer AustraliaMineralogy and other mining interests; hospitality15 4.09
9 8.30 Sir Frank Lowy AC Australiaex-Westfield; property (shopping centres)7 8.57
10 6.26 Kerry Stokes AC AustraliaProperty; Seven West Media; resources11 5.69
11 5.45 John Gandel AC AustraliaProperty (shopping centres)10 6.60
12 4.93 Alan Wilson and family AustraliaReece Group16 4.07
13 4.69 James Packer AustraliaCrown Resorts; Consolidated Media Holdings13 4.94
14 4.63 Vivek Chaand Sehgal AustraliaMotherson Sumi Systems12 5.50
15 4.60 Chau Chak Wing AustraliaProperty; investments58 1.55
16 4.54 Ivan Glasenberg Australia[12]
 South Africa
  Switzerland[13]		Glencore commodities trading9 7.17
17 4.51 Jack Cowin AustraliaCompetitive Foods Australia; investment25 2.79
18 4.42 Len Ainsworth AM and family AustraliaGaming; manufacturing17 4.01
19 4.27 Lang Walker AustraliaWalker Corporation (property)14 4.67
20 4.10 Richard White AustraliaTechnology20 3.31
21 3.83 Angela Bennett AustraliaMining28 2.62
22 3.76 Lachlan Murdoch United States
 United Kingdom
 Australia[14]		Media18 3.62
23 3.72 Lindsay Fox AC AustraliaLinfox; property21 3.31
24 3.72 Solomon Lew AustraliaPremier Investments; retail24 2.83
25 3.62 Alexandra Burt and Leonie Baldock AustraliaResources31 2.38
26 3.43 Melanie Perkins and Cliff Obrecht AustraliaCanvan/anot listed
27 3.19 Terry Snow AM AustraliaCapital Airport Group; property43 1.86
28 2.93 David Hains AustraliaInvestment23 2.90
29 2.73 Betty Klimenko, Monica Weinberg-Saunders and family AustraliaProperty32 2.37
30 2.60 Sir Michael Hintze GCSG, AM Australia
 United Kingdom		Retail; investment26 2.72
31 2.57 Gerry Harvey AustraliaHarvey Norman Holdings40 1.90
32 2.54 David and Vicky Teoh AustraliaTelecommunications38 2.03
33 2.33 Michael Hodgson AustraliaProperty33 2.34
34 2.31 Maurice Alter and family AustraliaRetail35 2.33
35 2.24 Marc Besen and family AustraliaRetail34 2.34
36 2.24 Prudence MacLeod AustraliaNews Corporation and Times Newspapers Ltd22 3.10
37 2.20 Brett Blundy AustraliaRetail; property; agriculture39 2.00
38 2.13 Peter, Andrew and Lex Greensill Australia
 United Kingdom		Financial services; agriculture75 1.21
39 2.05 Bianca Rinehart AustraliaHancock Prospecting19 3.61
40 2.05 John Hancock AustraliaHancock Prospectingn/anot listed
41 2.05 Hope Welker AustraliaHancock Prospectingn/anot listed
42 2.05 Ginia Rinehart AustraliaHancock Prospectingn/anot listed
43 2.05 Tony Perich and family AustraliaAgriculture; property36 2.05
44 2.04 Kie Chie Wong and family AustraliaInvestor; resources103 0.896
45 2.03 John Van Lieshout AustraliaRetail29 2.51
46 2.02 Greg Goodman and family AustraliaGoodman Group; property61 1.43
47 1.98 Bob Ell AustraliaProperty44 1.84
48 1.95 Ye Lipei AustraliaProperty37 2.05
49 1.92 Nigel Austin AustraliaCotton On Group; retail27 2.68
50 1.86 Nick Molnar AustraliaAfterpay; technology194 0.487
51 1.86 Anthony Eisen Australia195 0.487
52 1.86 Tim Roberts AustraliaEx-Multiplex; investment30 2.72
53 1.83 Michael Heine and family AustraliaFinancial services57 1.55
54 1.79 Sam and Andrew Buckeridge and family AustraliaBuckeridge Group of Companies41 1.88
55 1.79 Russell Withers and family AustraliaRetail67 1.33
56 1.77 Gretel Packer AM AustraliaCrown Resorts; investment80 1.16
57 1.69 Paul Salteri AM and family AustraliaInvestment54 1.57
58 1.67 Andrew Budzinski CyprusIC Markets; financial servicesn/anot listed
59 1.67 Paul Little AO AustraliaToll Holdings45 1.77
60 1.59 Jonathan Munz and family AustraliaManufacturing53 1.58
61 1.58 Khalil Shahin and family AustraliaRetail59 1.49
62 1.57 John Casella and family AustraliaAgriculture55 1.55
63 1.54 Bruce Mathieson AustraliaGaming; investments68 1.32
64 1.53 Sam Tarascio AustraliaProperty46 1.72
65 1.49 Alex Waislitz AustraliaInvestment56 1.56
66 1.48 Raymond Barro and family AustraliaConstruction49 1.65
67 1.47 Hamish Douglass AustraliaFinancial services117 0.805
68 1.46 Chris Mackay AustraliaFinancial services104 0.890
69 1.44 Judith Neilson AustraliaInvestment65 1.35
70 1.43 Chris Wallin AustraliaQCoal; resources42 1.88
71 1.42 Peter Gunn AustraliaLogistics; investment; property77 1.19
72 1.41 Morry Fraid, Zac Freid and family AustraliaRetail; property50 1.61
73 1.38 Kerr Neilson AustraliaFinancial services60 1.49
74 1.37 Chris Thomas AustraliaAgriculture64 1.39
75 1.36 Paul Lederer AustraliaEx-Primo smallgoods; investment70 1.31
76 1.35 Maha Sinnathamby AustraliaResidential property72 1.27
77 1.32 Eddie Hirsch AustraliaUnited Petroleumn/anot listed
78 1.32 Avi Silver Australian/anot listed
79 1.31 Nick Politis AM AustraliaRetail; property74 1.23
80 1.30 Alan Rydge AustraliaRydges Hotels & Resorts; Event Cinemas52 1.58
81 1.28 Huang Bingwen and family AustraliaManufacturing48 1.69
82 1.25 Con Makris and family AustraliaProperty69 1.32
83 1.25 Nicholas Paspaley and family AustraliaPaspaley Pearls83 1.12
84 1.21 Bill Roche and Imelda Roche AO AustraliaRetail62 1.42
85 1.20 Nechama Werdiger and family AustraliaProperty66 1.34
86 1.19 John Richards and family AustraliaWaste management133 0.729
87 1.17 Lyn Ingham and family AustraliaEx-Inghams Enterprises; manufacturing79 1.17
88 1.17 Reg and Hazel Rowe AustraliaSuper Retail Group; property85 1.10
89 1.16 Robert Millner and family AustraliaWashington H. Soul Pattinson; investment71 1.30
90 1.13 Sandy Oatley and family AustraliaAgriculture; property; tourism87 1.09
91 1.12 Sam Chong AustraliaResources; hotels73 1.24
92 1.10 John Kahlbetzer AustraliaAgriculture47 1.70
93 1.10 Jack Gance AustraliaChemist Warehouse; retail92 0.989
94 1.08 Ralph Sarich AO AustraliaInvestment; property76 1.20
95 1.08 Dick Honan AustraliaManildra Group102 0.905
96 1.08 Dale Elphinstone AustraliaElphinstone Group; mining services116 0.814
97 1.06 Raphael Geminder AustraliaManufacturing98 0.957
98 1.06 Mario Verrocchi AustraliaChemist Warehouse97 0.960
99 1.06 Shaun Bonétt AustraliaPrecision Group; property90 1.00
100 1.02 Trevor Lee AustraliaAgriculture136 0.705
101 1.00 Justin Hemmes AustraliaHotels; property88 1.06
102 1.00 Denis Wagner and family AustraliaConstruction; mining services841.10
103 1.00 Chris Ellison AustraliaResources148 0.661
104 1.00 Cameron Adams AustraliaCanvan/anot listed
105 0.994 Jamuna Gurung and Shesh Ghale AustraliaMelbourne Institute of Technology78 1.18
106 0.992 Gordon Fu and family AustraliaProperty89 1.04
107 0.983 Peter Scanlon and family AustraliaPatrick Corporation93 0.977
108 0.922 Chris Morris AustraliaComputershare; financial services82 1.13
109 0.904 Rod Spooner and family AustraliaProperty113 0.834
110 0.896 Lloyd Williams AustraliaProperty; thoroughbreds100 0.914
111 0.892 Bruce Gordon AustraliaMedia134 0.728
112 0.891 John Symond AM AustraliaEx-Aussie Home Loans157 0.638
113 0.884 Laurie Sutton AustraliaRetail96 0.966
114 0.871 Joy Chambers-Grundy AustraliaMedia108 0.871
115 0.866 Ervin Vidor AM and Charlotte Vidor AustraliaProperty; hotels95 0.973
116 0.853 Mark Creasy AustraliaResources149 0.660
117 0.839 Shangjin Lin and family, Yunhui Lin AustraliaProperty107 0.882
118 0.817 Eddie Machaalani AustraliaTechnologyn/anot listed
119 0.835 Manny Stul and family AustraliaMoose Toys; retail51 1.60
120 0.834 Marnie Lewis-Millar, Shay Lewis-Thorp and family AustraliaProperty110 0.851
121 0.827 Andrew Roberts AustraliaEx-Multiplex; property106 0.885
122 0.820 Anthony Hall AustraliaTechnology186 0.514
123 0.802 Rod Duke AustraliaBriscoe Group127 0.761
124 0.798 Spiros Alysandratos AustraliaTravel; property99 0.931
125 0.795 Naomi Milgrom AO AustraliaSussan; Sportsgirl; Suzanne Grae121 0.781
126 0.793 Harry Stamoulis and family AustraliaManufacturing125 0.767
127 0.791 Allan Myers AC, QC AustraliaInvestment; agriculture123 0.771
128 0.783 Tony Walls AustraliaTechnologyn/anot listed
129 0.780 Mitchell Harper AustraliaTechnologyn/anot listed
130 0.777 Cyan and Collis Ta'eed and family AustraliaTechnology94 0.974
131 0.775 Theo Karedis AustraliaRetail; property115 0.815
132 0.770 Frank Costa AO and family AustraliaAgriculture118 0.802
133 0.764 Diana and Rino Grollo AustraliaProperty171 0.583
134 0.761 Sam Hupert AustraliaTechnologyn/anot listed
135 0.760 Larry Kestelman AustraliaDodo Services; telecommunications122 0.772
136 0.758 Arnold Vitocco AustraliaProperty130 0.746
137 0.754 Peter Cooper AustraliaFinancial services191 0.491
138 0.740 Brian Flannery AustraliaResources63 1.40
139 0.733 Neil Rae and family AustraliaEx-Gull Petroleum135 0.713
140 0.732 Travers Duncan AustraliaResources; property132 0.731
141 0.731 Robert Whyte AustraliaInvestment161 0.620
142 0.728 John Singleton AM AustraliaMedia; investment; property145 0.670
143 0.724 Paul Baiada and family AustraliaManufacturing; food production114 0.816
144 0.721 Nick DiMauro AustraliaProperty155 0.646
145 0.720 Jonathan Hallinan AustraliaProperty119 0.798
146 0.715 George Koukis[note 1]  SwitzerlandSoftwaren/anot listed
147 0.703 Ian Malouf AustraliaWaste services159 0.623
148 0.702 Richard Smith AustraliaFood services91 1.00
149 0.699 Trevor St Baker AO AustraliaEnergy154 0.647
150 0.695 Ori Allon United StatesTechnology142 0.672
151 0.694 Peter Hughes and family AustraliaAgriculture188 0.506
152 0.693 Michael Boyd AustraliaSonic Healthcare189 0.503
153 0.691 Christian Beck AustraliaTechnology101 0.905
154 0.690 Kerry Harmanis AustraliaResources147 0.662
155 0.687 Greg Poche AO AustraliaEx-StarTrack156 0.639
156 0.684 George Kepper AustraliaTechnology; property165 0.600
157 0.684 Paul Fudge AustraliaMedia138 0.682
158 0.683 Kim McKendrick and family AustraliaEx-Godfrey Hirst Carpets144 0.670
159 0.680 Jina Chen and Alex Wu AustraliaHealthcare128 0.758
160 0.667 Diane Burger and family AustraliaProperty153 0.651
161 0.665 Max Beck AustraliaProperty143 0.671
162 0.664 Robert Magid AM AustraliaProperty140 0.677
163 0.662 Kevin Seymour and family AustraliaProperty124 0.768
164 0.655 Greg Coffey United StatesFinancial services192 0.491
165 0.646 Andrew and Michael Buxton AustraliaProperty151 0.655
166 0.645 Zig Inge and family AustraliaProperty158 0.637
167 0.644 Terry Peabody AustraliaEx-Transpacific; investment152 0.655
168 0.643 Barry Lambert and family[note 1] AustraliaFinancial servicesn/anot listed
169 0.639 Don McDonald and family AustraliaFinancial servicesn/anot listed
170 0.634 Jack Bendat AM AustraliaProperty139 0.679
171 0.632 Rhonda Wyllie and family AustraliaInvestment162 0.615
172 0.629 John Higgins AustraliaInvestment; services169 0.593
173 0.617 Owen Kerr AustraliaFinancial services181 0.538
174 0.613 David Paradice United StatesFinancial services167 0.596
175 0.611 Garry Rothwell AustraliaProperty150 0.656
176 0.608 Will Vicars AustraliaFinancial services185 0.517
177 0.605 Bob Rose[note 1] AustraliaPropertyn/anot listed
178 0.601 Leon Kamenev AustraliaEx-Menulog; technology163 0.605
179 0.600 Zeljko Ranogajec Isle of ManGaming164 0.600
180 0.594 Judy Brinsmead AustraliaConstructionn/anot listed
181 0.584 Arthur Laundy AustraliaHotels170 0.584
182 0.588 Gary Johnston AustraliaJaycar; retailn/anot listed
183 0.587 Charles Gibbon AustraliaTechnologyn/anot listed
184 0.585 Tony Haggarty[note 1] AustraliaMiningn/anot listed
185 0.581 Tim Gurner AustraliaProperty141 0.672
186 0.580 Jiwan and Suman Mohan[note 1] AustraliaAgriculturen/anot listed
187 0.579 Paul Blackburne AustraliaProperty175 0.567
188 0.575 Ruslan Kogan[note 1] AustraliaKogan.com; technologyn/anot listed
189 0.569 Geoff Lord[note 1] AustraliaResourcesn/anot listed
190 0.564 Bevan Slattery AustraliaTechnologyn/anot listed
191 0.560 Tony Poli AustraliaResources; property180 0.540
192 0.556 Gordon Martin AustraliaManufacturing146 0.663
193 0.554 Grahame Mapp AustraliaInvestment174 0.574
194 0.552 Larry Diamond AustraliaZip Co; technologyn/anot listed
195 0.550 Cathie Reid and Stuart Giles AustraliaHelathcaren/anot listed
196 0.549 Andrew Abercrombie AustraliaFinancial services187 0.512
197 0.547 Sunny Ngai and family AustraliaManufacturing166 0.598
198 0.546 Danny Hill MonacoProperty172 0.582
199 0.545 Scott Hutchinson and family AustraliaConstruction120 0.781
200 0.540 Nigel Satterley AustraliaSatterley; property176 0.564
Legend
Icon Description
Has not changed from the previous year's list
Has increased from the previous year's list
Has decreased from the previous year's list

Removed from the 2020 list

The following individuals, who appeared on the 2019 Financial Review Rich List, did not appear on the 2020 list:

2019[10] Name Citizenship Source of wealth Reason
(other than financial)
Rank Net worth
A$ bn
81 1.14 Jeff Chapman AustraliaFinancial services
86 1.10 Tim Kentley-Klay AustraliaTechnology
105 0.885 Patrick Grove AustraliaTechnology
109 0.852 Graham Turner AustraliaFlight Centre; hotels
111 0.851 Geoff Harris AustraliaFlight Centre; investment
112 0.842 Bill James AustraliaRetail
126 0.765 Andrew Muir AustraliaThe Good Guys
129 0.755 Iris Lustig-Moar and Max Moar AustraliaProperty
131 0.745 Greg Farrell and family AustraliaFederal Group; gaming
137 0.696 Mick Power AustraliaConstruction
160 0.623 Jamie Pherous AustraliaTravel services
168 0.594 Christina and Tony Quinn AustraliaDarrell Lea; retail
173 0.575 Graham Tuckwell JerseyFinancial services
177 0.560 Tony Wales AustraliaEx-Computershare; investment
178 0.554 Jerry Schwartz AustraliaHotels
179 0.541 Kevin Maloney AustraliaMining services
182 0.530 Stephen Ring and family AustraliaEx-Swisse
183 0.523 Hilton Nathanson AustraliaFinancial services
184 0.520 Seumas Dawes AustraliaFinancial services
190 0.500 Ian Roberts AustraliaHealthcare
193 0.489 Neville Bertalli AustraliaRetail
196 0.486 Tobias Pearce and Kayla Itsines AustraliaTechnology
197 0.485 Alan and Irene Messer AustraliaHealthcare
198 0.479 Steven Kalmin AustraliaGlencore
199 0.479 Rod Jones AustraliaNavitas Group
200 0.472 Patricia Ilhan AustraliaCrazy John's

Notes
  • ^1 : Individual was listed on a previous year's list, that was not the 2019 Rich List.

See also

References
  1. Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  2. Marsh, Stuart (29 October 2020). "Gina Rinehart named Australia's richest person with $29 billion personal fortune". Nine News. Retrieved 31 October 2020.
  3. Kruger, Colin (30 October 2020). "What crisis? Red dirt billionaires still rule the rich list". The Sydney Morning Herald. Retrieved 31 October 2020.
  4. Sprague, Julie-anne; Bailey, Michael (28 October 2020). "Meet the debutants storming up the Rich List". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  5. Jackson, Sally (23 May 2012). "The $29.17 billion woman: Gina Rinehart tops BRW's Rich List". The Australian. Retrieved 23 May 2012.
  6. Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". news.com.au. Australia. AAP. Retrieved 27 July 2011.
  7. "BRW Rich 200 2011 Wealth Index". BRW. Australia. 25 May 2011. Archived from the original on 28 September 2011. Retrieved 27 July 2011.
  8. Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved 7 June 2016.
  9. Ong, Thuy (26 May 2016). "BRW rich list topped by Harry Triguboff, Gina Rinehart slips to fourth". ABC News. Australia. Retrieved 7 October 2019.
  10. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  11. Chancellor, Jonathan (22 May 2013). "Billionaire property developer Hui Wing Mau the highest debutant on BRW Rich List". SmartCompany. Retrieved 17 July 2014.
  12. Wen, Philip (26 May 2011). "Mystery billionaire emerges from corporate shadows". Executive Style. Australia. Retrieved 8 October 2019.
  13. Glasenberg, Ivan (5 May 2013). "Letztlich macht es keine Differenz, ob Ihr Vermögen eine Milliarde beträgt oder sechs". SonntagsZeitung (Interview) (in German). Interviewed by Martin Spieler. Archived from the original on 6 May 2013. Retrieved 30 September 2019.
  14. Jukes, Peter (2012). The Fall of the House of Murdoch: Fourteen Days That Ended a Media Dynasty. London: Unbound. ISBN 978-1-908717-43-6.
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