Up next
Author
Share this @internewscast.com
FacebookXRedditPinterest
Mining magnate Gina Rinehart has maintained her lead as Australia’s wealthiest person, with a fortune of $38.1 billion, as the “highest-ranked self-made debutant” enters the top 10.
According to the Australian Financial Review’s (AFR) 2025 Rich List, Rinehart’s net worth fell 6 per cent, prompted by a drop in the price of iron ore, as the collective wealth of the country’s 10 richest people dropped 9.2 per cent to $202 billion.

However, the collective wealth of the 200 people included in the list — ranked based on their net worth — has increased.

Who is in the top 10?

Rinehart, executive chairperson of private mining company Hancock Prospecting, has topped the list for six consecutive years.

An image of Gina Rinehart showing that her wealth has fallen $2 billion according to the 2025 Rich List.

Gina Rinehart’s wealth has fallen by $2 billion. Source: SBS News

Also among the top 10 is real estate developer and Meriton founder Harry Triguboff, whose estimated net worth of $29.7 billion put him in second place.

Packaging and recycling magnate Anthony Pratt and his family rank in third place, with an estimated net worth of $25.9 billion, followed by Scott Farquhar at $21.4 billion.
Farquhar stepped down from his role as co-founder of software company Atlassian last year. His counterpart, Mike Cannon-Brookes, is not included in this year’s list.

Clive Palmer holds the fifth spot with a fortune of $20.1 billion. Following him are Melanie Perkins and Cliff Obrecht, the co-creators of the design software Canva, with a wealth of $14.1 billion.

A man with grey hair is standing outside.

Clive Palmer is ranked in fifth place with a net worth of $20.1 billion. Source: AAP / Bianca De Marchi

Former Glencore chief Ivan Glasenberg, with $13.3 billion, philanthropist Nicola Forrest at $12.8 billion, and Kerry Stokes, chair of Seven Group Holdings, with $12.7 billion, also feature in the top 10.

Rich List ‘debuts’

According to the AFR, 10 new faces made the list, including Michael Dorrell, who ranked seventh. Of them, six were counted among this year’s 161 billionaires.
Dorrell co-founded infrastructure investment firm Stonepeak, and his estimated $13.9 billion fortune made him the “highest-ranked self-made debutant” in the Rich List’s history.
Also among the new listers are brothers Shane and David Young, who are behind pet retailer Petstock ($0.8 billion), and Robert Chamberlain, behind travel aggregator Huno Group ($1.2 billion).
According to the AFR, mining remains the largest sector for wealth creation despite a 4.6 per cent decline (a collective $141.3 billion), followed by property (up 5.5 per cent to $125.8 billion).
Share this @internewscast.com
FacebookXRedditPinterest
You May Also Like

Ley Urges Decisive Action on Rudd, Criticizes Prime Minister’s Handling of Trump Tariff Issue

Opposition leader Sussan Ley says Kevin Rudd’s position as ambassador to the…
Pictured: Kim with her children Elijah and Willow on a beach in New Zealand after the family moved there in June

From Costly Staycation to Kiwi Relocation: How a Pricey Center Parcs Trip Led to a £30,000 Move to New Zealand

A British couple has shared the cultural contrasts they’ve encountered since relocating…
Apple Vision Pro

Apple Unveils Exciting Upgrades: New Features for iPad, MacBook Pro, and Vision Pro

With the launch of the 2025 iPhone range now behind them, Apple…
Diane Sheehan gave birth in September 1976 but was told her baby had died. She wasn't able to hold him

Heartbreaking Reunion: Mother Discovers Truth 42 Years After Losing Newborn

As I clicked open the email, I was suddenly thrust back over…

Australian Homeowners Face $42 Billion Financial Burden: What It Means for You

Homeowners in flood zones are paying “a disaster penalty”, with a new…
Brittany Higgins has abandoned appeals against her costly defamation battle loss to her former boss, ex-Liberal senator Linda Reynolds.

Stunned by Defamation Defeat: Higgins Drops Appeals Amid Skyrocketing Costs

Brittany Higgins has decided to withdraw her appeals related to the loss…
For the past three years and eight months, Tom Phillips, 38, has been on the run, hiding out in the wilds of New Zealand. With him are his three children, Jayda, 12, Maverick, ten, and Ember, nine. Pictured: An image of what is believed to be the missing family, taken by a hunter

Enigmatic Partner Unveiled: Fugitive Father and Children Survive Four-Year Wilderness Escape in New Zealand

Some call him ‘The Bushman,’ while others refer to him as ‘The…
People brave the early morning ahead of the record-breaking heat at Rose Bay's Redleaf Pool in Sydney.

Sydney Suburbs Sizzle: Record-Breaking Heat and Fierce Winds Fuel Fire Warnings

Sydney has endured its hottest October day on record, with temperatures climbing…
Emergency Landing

Unexpected Mid-Air Mystery: Pilot Diverts Flight After Hearing Eerie Knocking on Cockpit Door

An American Airlines flight, operated by SkyWest Airlines, made an emergency landing…
'Nice guy': PM reveals extra details about Trump-Rudd clash

Prime Minister Shares Additional Insights into Trump-Rudd Dispute

Prime Minister Anthony Albanese has backed Australia’s ambassador to the US, former…
Wild weather in Victoria

Victoria and SA Prepare for Intense Cyclonic Winds and Severe Weather Conditions

Residents throughout south-east Victoria, including those in Melbourne, are bracing for severe…
Houses in an outer suburb.

Australia’s Property Market Faces $42 Billion Setback: What It Means for Homeowners and Investors

The latest study, unveiled today by the Climate Council in collaboration with…