Rich List 2025
Featured
Inheritocracy bad for nation; How Allan Myers rules; AI could kill WFH
Read everything that’s happened in the news so far today.
The disturbing things I learnt when my name appeared on the Rich List
When future Rich Lists are populated by beneficiaries rather than entrepreneurs, wealth inequality risks becoming a cancer on our egalitarian ethos.
Australia’s wealthiest 200 revealed, fortunes blow past $667b
Despite the odd tumble, the wealthiest Australians are pulling away from the rest of the Rich 200 pack.
No dogs, cats or concrete driveways. How Allan Myers rules over Dunkeld
Allan Myers loves Dunkeld, the Victorian town where he grew up and large parts of which he now owns. But the locals are not in love with him.
US court blocks tariffs; Nvidia’s jobs threat; Rich List’s top 10
Read everything that’s happened in the news so far today.
May
Australia’s top 10 richest people revealed
Gina Rinehart has topped the Financial Review Rich List for the sixth consecutive year, despite her fortune falling by $2 billion.
‘They can afford it’, Labor says of super tax, as Rich Listers take stock
Some of Australia’s richest people including Gina Rinehart and Jack Cowin have warned the proposed tax on super balances above $3 million will stymie investment.
The drover and the telephone operator who built a $1.4b fortune
Roger and Gail Fletcher defied prejudices to shake up an industry and build a billion-dollar family business off the land.
The Beach Hotel in Byron sells for $140m
Scott Didier and his family have purchased The Beach Hotel in Byron Bay for $140 million – the second-largest pub sale in Australia.
Six new billionaires among 10 Rich List debuts this year
Among the 10 new faces this year is the highest-ranked debutant in its history, who quietly amassed so much wealth he debuts at No.7.
Victoria Denholm loves basketball so much, she bought the whole league
The Wollemi Capital Group chief executive said in year 6 that she wanted to own a team in the sport. Little did she know that one day, she would.
From normal to nuts, the fitness habits of top entrepreneurs
Personal trainers aplenty, at-home Pilates studios and full-body scans put the “well” into wealthy.
‘A lot of wealthy families have been broken up because of the money’
The bond shared by the daughters of Westfield’s John Saunders was not always a given, but it’s helped shaped the future of the new Terrace Tower Group.
How to have a good divorce – when you have billions to bicker over
Divorce can be the biggest financial transaction in a person’s life. And it’s even bigger when they’re on the Rich List.
Husic urges Israel sanctions; Shvets’ advice for investors; Rich divorce tips
Read everything that’s happened in the news so far today.
How the fertiliser king of WA grew a $5b fortune with no one noticing
Vikas Rambal has quietly built a giant business empire in manufacturing, property and solar, and catapulted onto the Rich List.
‘Credit goes to Mum’: the hero of this Rich List origin story is clear
Toby Dymond runs a 99-year-old engine oil company that debuts on this year’s rich list at No. 191. He credits his mother as the original risk-taker.
This Rich List newcomer has lost everything – twice
Phoenix Lithium founder Nick Wakim is comfortable with risk. He’s lost it all before, and then made it again. But as he nears 60, his views have changed.
‘Problem, what problem?’ Developer Max Beck talks up Melbourne market
The Rich Lister is an outlier in an industry that is up in arms over Victoria’s property taxes, warning housing supply is being choked.
Airwallex secures one of the country’s biggest funding rounds ever
The global payments group has raised $467 million from investors, who include all three of the country’s major venture capital firms.
Canva co-founder pledges to give away half of his $7b fortune
Cameron Adams and his wife, Lisa Miller, have signed The Giving Pledge and the Founders Pledge, to send most of their wealth to environmental causes.
Rinehart refuses to rule out financial support for Roberts-Smith
Australia’s richest person has danced around questions about whether she provided financial backing for Ben Roberts-Smith to appeal his failed defamation case.
‘Embarrassing, scandalous, irrelevant’: Costs mount in Waislitz case
Billionaire investor Alex Waislitz and his singer fiancée Rebekah Behbahani are in a fight with her sister, Venus, that could soon cost more than the house they are arguing over.
Billionaire Chemist Warehouse scion cashes out a further $380m
Sigma Healthcare director Damien Gance has sold about two-thirds of his shares in the company for $800 million since its merger with Chemist Warehouse.
April
Why cashing out won’t be easy for Australia’s gambling billionaires
Adrian Portelli, Laurence Escalante and Ed Craven could all face big problems if they try to sell their companies or go public.