|They may not be supermodels boasting millions of followers, but these are Australia’s most cashed-up people.|
It’s important to note that they all reinvested their money either into local or international real estate.
Frank Lowy is one of my personal idols. As a survivor of the Holocaust, he went on to become one of Australia’s largest landlords. Whereas Harry Triguboff practically pioneered high rise living for Australians.
1. Gina Rinehart: $14.8 Billion
Gina Rinehart is the daughter of high profile iron-ore explorer Lang Hancock. She took her late father’s bankrupted estate and rebuilt it into something much larger. The biggest piece of her fortune comes from the Roy Hill mining project. Which started shipments to Asia in 2015. The mining magnate is also Australia’s third-largest cattle producer, with a portfolio of properties across the country.
2. Harry Triguboff: $9 billion
Harry Triguboff was born in China to Russian parents. He came to Australia as a teenager and has since become one of our richest people. Finding success in business by providing higher-density living options in Sydney. Which has traditionally been dominated by freestanding homes. He has built more than 75,000 apartments!
3. Anthony Pratt: $6.8 billion
Anthony Pratt is the executive chairman of Australia’s biggest private company, Visy Asia-Pacific. A packaging and recycling business. The company was set up by his grandfather in 1948 in Melbourne. His late father, Richard, expanded the company.
4. Frank Lowy: $6.5 Billion
Frank Lowy sold his Westfield Corp to a Franco-Dutch group in a $16 billion deal. Lowy opened his first shopping centre in Sydney in 1959. He launched what became one of the world’s largest mall businesses.
5. Scott Farquhar and Mike Cannon-Brookes: $6.4 billion
Both Mike Cannon-Brookes and Scott Farquhar are the cofounders of collaboration software company Atlassian. The pair started the company soon after graduating from college, funding it with credit cards. Now Atlassian, which has no sales team, boasts NASA, Tesla and SpaceX as customers.
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