BRW Rich 200

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The BRW Rich 200 is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth. The list was historically released annually in May or June in a special issue of the Business Review Weekly, published by Fairfax Media, however is now released in The Australian Financial Review following the closure of BRW.[1]

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. In 2015, the entry mark for the 200th richest individual was A$286 million – an increase of A$36 million on the 2014 entry mark.[2][3] The wealthiest individual in the 2015 list was Gina Rinehart, estimated to have a personal net worth of A$14.02 billion – the fifth consecutive year that Rinehart has headed the list. Rinehart's wealth resulted in BRW announcing her as the richest woman in the world during 2012, a mantle that appeared to have slipped in subsequent years, according to Forbes Asia.[4]

Seventeen individuals and/or families have made every list; including Maurice Alter, Lindsay Fox, John Gandel, Bruce Gordon, Bruno & Rino Grollo, Reg Grundy, David Hains, Bob Ingham, John Kahlbetzer, Solomon Lew, John Longhurst, Frank Lowy, Grahame Mapp, Stan Perron, Alan Rydge, Kerry Stokes, and Harry Triguboff.[5][6]

Fourteen women and 186 men made the 2014 BRW Rich 200 list.[7][2][8] The list is dominated in number, but not by value, by those whose source of wealth is from property investment (26%); while in previous years mass media has been the traditional wealth creation source. In more recent years, those with an interest in resources have dominated the list by value.[9][10] The combined wealth of the 200 individuals in 2015 was assessed at A$195.9 billion, an increase of 1.2% on the 2014 BRW Rich 200.[6] Average wealth for the 200 on the 2015 list reached A$974.7 million, only marginally higher than A$968 million in the previous year.[6]

Background and history

The BRW Rich 200 was first published in 1984[5] as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.[11][12]

In 2008, it was the first time in more than 20 years that a 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.[13] In 2009 Anthony Pratt, son of Richard Pratt (who had died four weeks earlier), was top of the list with A$4.3 billion. In 2010, the founder of Westfield, Frank Lowy, who had appeared on the list every year, was Australia's richest individual with an assessed personal net worth of A$5.04 billion.[14][15] Rinehart has held the mantle every year since 2011.[6]

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 at one stage Australian entrepreneur Dick Smith, then 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.[12]

The BRW Rich 200 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,[16] due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.[17]

The BRW Rich Families List was first published in 2008 and 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.[18] In 2015 the list comprises 50 families with an entry point of A$302 million.[19]

The BRW Rich 200 is one list in a series of lists 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

On 4 March 2016, Fairfax announced the closure of the BRW website, with the BRW website redirected to a new section of the The Australian Financial Review. Rich lists, which are now published by The AFR will continue to carry the BRW branding.[1]

Top ten individuals and families

Individuals

Name 2011[20][21] 2012[22] 2013[23] 2014[2] 2015[6] Sources of wealth
Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion
Gina Rinehart 1 Increase $10.31 Increase 1 Steady $29.17 Increase 1 Steady $22.02 Decrease 1 Steady $20.01 Decrease 1 Steady $14.02 Decrease Hancock Prospecting; media; investment
Anthony Pratt 4 Decrease $5.18 Increase 5 Decrease $5.45 Increase 4 Increase $5.95 Increase 2 Increase $7.64 Increase 2 Steady $10.76 Increase Visy Industries; Pratt Industries
Harry Triguboff 7 Decrease $4.30 Increase 7 Steady $4.85 Increase 6 Increase $4.95 Increase 8 Decrease $5.50 Increase 3 Increase $10.23 Increase Meriton Apartments
Frank Lowy 6 Decrease $4.98 Decrease 3 Increase $6.47 Increase 2 Increase $6.87 Increase 4 Decrease $7.16 Increase 4 Steady $7.84 Increase Westfield; property (shopping centres)
Wing Mau Hui not listed not listed 7 Increase $4.82 Increase 6 Increase $6.35 Increase 5 Increase $6.89 Increase Shimao Property
Ivan Glasenberg 2 Increase $8.80 Increase 2 Steady $7.40 Decrease 5 Decrease $5.61 Decrease 5 Steady $6.63 Increase 6 Increase $6.14 Decrease Glencore commodities trading
James Packer 8 Decrease $4.16 Steady 6 Increase $5.21 Increase 3 Increase $6.00 Increase 3 Steady $7.19 Increase 7 Decrease $6.08 Decrease Crown Limited; Consolidated Media Holdings
John Gandel 9 Decrease $3.45 Increase 10 Decrease $3.35 Decrease 8 Increase $3.70 Increase 9 Decrease $4.08 Increase 8 Decrease $4.40 Increase Property (shopping centres)
Andrew Forrest 3 Increase $6.18 Increase 4 Decrease $5.89 Decrease 9 Decrease $3.66 Decrease 7 Increase $5.86 Increase 9 Decrease $2.83 Decrease Fortescue Metals Group
Stan Perron 18 Increase $1.88 Increase 15 Increase $2.05 Increase 14 Increase $2.33 Increase 11 Increase $2.73 Increase 10 Increase $2.65 Decrease Property (shopping centres); motor vehicle dealership

Families

Name 2011[20][21] 2012[24] 2013[25] 2014[26] 2015[19] Sources of wealth
Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion		 Rank Net worth
(AUD) billion
Smorgon family 1 $2.69 Increase 1 Steady $2.63 Decrease 1 Steady $2.64 Increase 1 Steady $2.77 Increase 1 Steady $2.74 Decrease Investment
Wilson family n/a not listed 7 Increase $1.44 Decrease 5 Increase $1.83 Increase 3 Increase $2.34 Increase 2 Increase $2.60 Increase Retail (plumbing)
Liberman family 2 $2.23 Decrease 2 Steady $2.20 Decrease 2 Steady $2.10 Decrease 2 Steady $2.45 Increase 3 Decrease $2.53 Increase Investment
Buckeridge family n/a $2.60 Increase n/a $2.01 Decrease n/a $2.10 Increase 5 Increase $2.10 Steady 4 Increase $2.46 Increase Manufacturing (building materials); construction
Besen family 3 $2.08 Increase 3 Steady $2.15 Increase 2 Increase $2.10 Decrease 4 Decrease $2.29 Increase 5 Decrease $2.41 Increase Property; retail
Myer family 4 $2.01 Increase 5 Decrease $1.94 Decrease 4 Increase $2.01 Increase 6 Decrease $2.05 Increase 6 Steady $2.08 Increase Retail; property; investment
Roberts family 6 $1.35 Increase 6 Steady $1.75 Increase 6 Steady $1.82 Increase 7 Decrease $1.86 Increase 7 Steady $1.89 Increase Investment; property
Barro family 13 $0.70 Increase 16 Decrease $0.72 Increase 13 Increase $0.91 Increase 12 Increase $1.08 Increase 8 Increase $1.25 Increase Building Services
Salteri family 7 $1.18 Decrease 10 Decrease $1.09 Decrease 9 Increase $1.17 Increase 9 Steady $1.26 Increase 9 Steady $1.20 Decrease Tenix; infrastructure investment (roads and services)
Talbot family 5 $1.42 Increase 8 Decrease $1.29 Decrease 8 Steady $1.21 Decrease 10 Decrease $1.18 Decrease 10 Steady $1.17 Decrease Resources
Tieck family 9 $1.03 Increase 11 Decrease $1.02 Decrease 10 Increase $1.07 Increase 11 Decrease $1.13 Increase 10 Increase $1.17 Increase Investment; property
Legend
Icon Description
Steady Has not changed from the previous year's list
Increase Has increased from the previous year's list
Decrease Has decreased from the previous year's list

Past richest Australian

This list is incomplete; you can help by expanding it.
Year Name Net worth (AUD) Sources of wealth
1984 Kerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[27]
1985 $ billion
1986[28] Khoo Teck Puat $0.60 billion Diversified invstment
1987[29] Robert Holmes à Court $1.40 billion Bell Resources; diversified investment
1988 $ billion
1989[30] Kerry Packer $1.80 billion Publishing & Broadcasting Limited;
Consolidated Media Holdings
1990[31] Rupert Murdoch $3.60 billion News Corporation; media
1991 Kerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[27]
1992[32] $2.70 billion
1993[33] $3.00 billion
1994[34] $5.50 billion
1995[35] $3.00 billion
1996[36] $3.30 billion Increase
1997[37] $3.90 billion Increase
1998[38] $5.20 billion Increase
1999[39] $6.40 billion Increase
2000[40] $8.20 billion Increase
2001[41] $6.20 billion Decrease
2002[42] $5.90 billion Decrease
2003[43] $5.50 billion Decrease
2004[11] $6.50 billion Increase
2005[44] $6.90 billion Increase
2006[45] James Packer $7.10 billion Increase Media; entertainment (gaming);
investment
2007[13] $7.25 billion Increase
2008[13][21] Andrew Forrest $9.41 billion Increase Fortescue Metals Group
2009[14] Anthony Pratt & family $4.30 billion Decrease Visy Industries; investment
2010[14][15] Frank Lowy $5.04 billion Increase Westfield; property (shopping centres)
2011[21] Gina Rinehart $10.31 billion Increase Hancock Prospecting; media;
investment
2012[22] $29.17 billion Increase
2013[46] $22.02 billion Decrease
2014[7] $20.01 billion Decrease
2015[6] $14.02 billion Decrease

See also

References

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External links


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  21. ↑ 21.0 21.1 21.2 21.3 Lua error in package.lua at line 80: module 'strict' not found.
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  27. ↑ 27.0 27.1 Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ BRW 15 August 1986 p.55
  29. ↑ BRW 26 May 1987 p.31
  30. ↑ BRW 12 May 1989 p.60
  31. ↑ BRW 26 September 1990 p.66
  32. ↑ BRW 22 May 1992 p.59
  33. ↑ BRW 21 May 1993 p.59
  34. ↑ BRW 23 May 1994 p.68
  35. ↑ BRW 22 May 1995 p.55
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  39. ↑ BRW 28 May 1999 p.80
  40. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  41. ↑ BRW 18 May 2001 p.84
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