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The photo on the cover of the magazine” Anthony Albanese and his new members and senators.

How we shot the 2025 Power issue

Photographing the cover of AFR Magazine’s latest issue took a bit more art direction than usual, but we knew we had a winning idea.

From left: Matt Gregg (Deakin, Victoria); Kara Cook (Bonner, Queensland); Jo Briskey (Maribyrnong, Victoria); Richard Dowling (Tasmania); Julie-Ann Campbell (Moreton, Queensland); Rowan Holzberger (Forde, Queensland); Anthony Albanese (Prime Minister); Corinne Mulholland (Queensland); Rebecca White (Lyons, tasmania); Matt Smith (Leichhardt, Queensland); Josh Dolega (Tasmania); Jess Teesdale (Bass, Tasmania); Ali France (Dickson, Queensland); Sarah Witty (Melbourne, Victoria); Emma Comer (Petrie, Queensland); Madonna Jarrett (Brisbane, Queensland); Gabriel Ng (Menzies, Victoria); Ellie Whiteaker (Western Australia); Charlotte Walker (South Australia); Zhi Soon (Banks, NSW); Tom French (Moore, WA); Renee Coffey (Griffith, Qld); Alice Jordan-Baird (Gorton, Vic); Claire Clutterham (Sturt, SA); Trish Cook (Bullwinkel, WA); Ash Ambihaipahar (Barton, NSW); Carol Berry (Whitlam, NSW); Basem Abdo (Calwell, Vic); David Moncrieff (Hughes, NSW). 

Australia’s 10 most powerful people in 2025

Overt power is declared, open and public. It primarily vests in the position, although personal charisma is vital.

Albanese

Albanese tops the list but with a fragile grip on power

The competitive tension between Albanese and Chalmers is likely driven by the latter’s desire to carve his own legacy and vie for the top job at some stage.

Power objects

The year’s top 10 power players (that aren’t people)

Sometimes it’s not people who make the biggest impact on our cultural consciousness.

Prime Minister Anthony Albanese at Parliament House in Canberra in July.

A notable absence makes this year’s Power list historic

The prime minister’s power is as close to absolute as is possible, marking a historic absence of opposition figures.

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September

‘It shows you everything that’s wrong with the Liberal party’

The battle for the seat of Bradfield is a snapshot of how the Liberals are on a campaign to irrelevance.

Paul Erickson at Labor headquarters in Canberra in August.

Australia’s 10 most covertly powerful people in 2025

Even if they’re out in the open, their most influential moves are behind the scenes.⁠ Here’s how our power panel decided who made the cut.

Australia’s five most powerful property people in 2025

For a few years, it’s been a matter of survival for the sector. House prices are rising again, yet the legacy of high construction costs has cruelled supply.

Australia’s five most powerful people in law for 2025

Two lower-profile judges have made this year’s list, and both are shaping their courts’ directions in equally influential ways.

Shemara Wikramanayake; Ryan Stokes; Meg O’Neill.

The 10 most powerful people in corporate Australia in 2025

The business leaders who, in the view of our panel, have the most power to act unilaterally or to shape the political agenda.

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Matt Comyn greets Jim Chalmers at the investor roundtable in Canberra on November 22, 2024.

More CEOs make the power list, but not many have a seat at the table

Does the entrenchment of Labor at the federal level further erode the top end of town’s ability to shape public policy?

Why Australia decided to move first – and fast – on social media ban

Anthony Albanese was initially reluctant to ban social media for under-16s. It might become his legacy.

Nagi Maehashi, Gout Gout, Julie Inman Grant, Dom Dolla, Kip Williams, Khaled Sabsabi and Michael Dagostino, Peter V’landys, Nicole Kidman, Oscar Piastri, Jo Horgan.

The 10 most culturally powerful people in Australia in 2025

What does it mean to be Australian in 2025? Here are the people shaping that definition.

The five most powerful Australian tech leaders in 2025

As well as dealing with perennial challenges, industry and government are under pressure to figure out how to regulate AI without strangling its potential.

On the power menu in Australia: beef Wellington and caramel slice

In a year of political tension, war and worry about the cost of living and housing affordability, it was two stories about food that had Australia talking.

Peter Burns, Chris Bradley and Kevin Burrowes.

The most powerful people in consulting in 2025

The glamour boys and girls of the firms’ consulting arms have been humbled, while the typically serious auditors have gained the upper hand.

Australia’s most powerful deal makers in 2025

Most deal makers react to opportunities as they arise. This list highlights the handful of bankers who create opportunities.

July

AFRmag Covers

Three decades of PMs, fashion icons and the odd person headed for jail

The Financial Review’s monthly glossy changed the format for magazines when it arrived in 1995. We look back on its greatest hits, and the occasional near miss.

September 2024

The Chanticleer podcast features James Thomson and Anthony Macdonald.

Negative gearing explodes | Coles’ and Woolies’ dodgy discounts | The corporate Power list

This week on the Chanticleer podcast, James and Anthony look at how the supermarket giants were accused of dodgy discounting, ask who will win the brawl over negative gearing, and examine the corporate Power list.

Cartoonist David Rowe talks shop with Treasurer Jim Chalmers in Canberra.

How we got Australia’s most powerful to step into David Rowe’s world

We thought our Power listers might be reluctant to participate. Turns out, they loved it – more or less.

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Australia’s most powerful people in 2024.

Australia’s 10 most powerful people in 2024

There are three new faces on the Power list – plus some big swings in the ranking.

Inflation has also made the chief inflation fighter the second most powerful person in the country, with Reserve Bank governor Michele Bullock installed at number two on the Power list.

Inflation makes or breaks this year’s Power list

The power rankings reveal the splintering of traditional political power in a two-party system that is emerging alongside the economic strains.

The forces that shaped 2024’s list of Australia’s most powerful people

Someone wasn’t happy to be on this year’s Power list. But even Power listers have no say in the process.

The 10 most covertly powerful people in Australia in 2024

Those who wield the most clout behind the scenes in the nation’s business and politics.

Australia’s five most powerful people in education in 2024

As we hurtle to the end of the year, there are a lot of balls still up in the air for the sector. The question is, how many have landed?

Original URL: https://www.afr.com/power-list