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Rich List 2025

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Allan Myers in Dunkeld for the Rich List 2025 issue.

Rich List 2025

Australia’s 200 richest people, plus six billionaires make their debut, putting the “well” into wealthy and how to have a good divorce when you’ve got billions.

11 stories

Rich List 2024

Tracking the fortunes of Australia’s richest people since 1983 | Australia’s 200 most wealthy and how they are handing over the keys to the kingdom

18 stories

Harry Triguboff on the cover of the 2023 Financial Review Rich List issue.

Rich List 2023

Tracking the fortunes of Australia’s richest since 1983 | The new must-have: a tropical island | Why a Lamborghini might be your best-ever investment

16 stories

Peter Freedman.

Rich List 2022

Australia’s most comprehensive guide to who’s on the up, and who’s down for the count.

6 stories

Andrew Forrest on the cover of the 2021 Rich List issue.

Rich List 2021

The insider’s analysis of what the top end of town are doing with their money.

6 stories

Featured

Matt Latimore, founder and president of M Resources.

The moment that led to a $750m coal fortune and a Ferrari obsession

M Resources founder Matt Latimore had Olympic dreams until a decision to study – and a trip to Japan – set him on the path to the Rich List.

The Sims are selling their six-bedroom Brighton mansion with $22 million price hopes.

Goldman Sachs dealmaker lists $22m Brighton mansion with two pools

One of the most recognisable homes in the prestigious Melbourne seaside suburb of Brighton is up for grabs. It was originally developed by billionaire Max Beck.

Perdaman Group founding chairman and managing director Vikas Rambal.

‘I was sitting on a bench’: How a chance encounter led to a $5b empire

Vikas Rambal came to Australia from India in 2000 with a return ticket, but a lucky moment sparked his dream to build a huge fertiliser plant.

Charlie Shahin and daughters (L-R) Jasmin and Aya are looking for investments that make an impact.

Billionaire Shahin family takes stake in Perth payment fintech Bless

The investment is the latest in start-up plays from the family that sold its OTR petrol station empire to Viva Energy in a $1.2 billion deal two years ago.

A model walks the runway during the Victoria’s Secret Fashion Show last month. The company’s sharemarket performance has lagged this year.

Billionaire Brett Blundy pushes for Victoria’s Secret board seat

The businessman best known for his stake in Lovisa and other major brands owns almost 13 per cent of the New York-listed lingerie label and wants changes.

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October

Jack Cowin turned Hungry Jacks into a major fast food chain and has become the interim chief executive at Domino’s.

Billionaire Domino’s chairman Jack Cowin says focus is on turnaround

The 83-year-old businessman says he is open to a deal, but only once he can repair the struggling ASX-listed fast-food chain’s enormous share price slide.

Founder, family, fortune: How they ‘have it all’

From term sheets to toddlers, these founders juggled building a business as well as a family.

Lindsay Fox-controlled Armaguard delivered cash logistics and services revenue of $424.2 million for the year to June.

Lindsay Fox’s business empire back in profit after Armaguard bailout

The Fox family’s business empire, which includes Linfox and Armaguard, increased its revenue to $4 billion in the 2025 financial year.

Atlassian co-founder Mike Cannon-Brookes was earlier this year revealed as the owner of a Bombardier Global 7500.

Atlassian pays Mike Cannon-Brookes $5.7m for use of his private jet

The company said its co-founder had not profited from the arrangement and the agreed rate was “below market” for other private jet use.

(L-R) Maria Asunción Aramburuzabala, Gina Rinehart, and Zhong Huijuan.

Women wielding $562b lead ‘sideways’ succession boom

Generational change is reshaping the list of the world’s 500 richest people, and as more women take control of these huge empires they are reshaping global business.

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Private equity buyer Blackstone circles Hamilton Island deal

While still in preliminary stages, a deal would make Blackstone, which already controls Crown Resorts, a major force in the country’s hospitality sector. 

Tom Snow has announced he is stepping down as Canberra Airport’s board chair but the family has ruled out that they won’t be selling the airport.

Snow family closes door to any sale of Canberra Airport

The extended family is working through its longer-term business and philanthropic strategy following Snow senior’s death at 80 in August last year.

September

Nicola Forrest at an expansion of the RM Williams factory last year.

Nicola Forrest spotted with new boyfriend in Europe

The philanthropist has flown far more under the radar than Andrew Forrest since their separation.

Sea Forest chief executive Sam Elsom. The seaweed company has signed a deal with Japanese trading house Marubeni’s Orff division, to sell its products to farmers in Europe wanting to cut methane emissions from their cattle herds.

Macquarie-backed seaweed group enlists Japanese giant, eyes IPO

Macquarie holds 10 per cent of Sea Forest, with billionaire Peter Gunn and author Zoe Foster Blake among its investors, as the group looks at a potential IPO.

Pallion’s flagship ABC Bullion store, often attracts long queues of buyers, as well as sellers.

Inside the private group with more revenue than Hancock Prospecting

Pallion Group beat Gina Rinehart’s mining giant by revenue on a list of top private companies following an extraordinary bull run in the gold price.

An artist’s impression of the new Sorrento Surf Life Saving Clubhouse.

A billionaire chippy’s A-list campaign to rebuild a surf club

Sorrento is finally getting a new clubhouse after years of planning hurdles, thanks to developer Max Beck and his Rich List network.

MCoBeauty founder Shelley Sullivan and Rich Lister Dennis Bastas.

Lawsuit alleges 16-hour days, bullying at MCo Beauty dupes empire

The cosmetics producer’s former head of finance claims he was “pretty much destroyed” working on a deal to sell the business to billionaire Dennis Bastas.

Waislitz and Pratt have settled an 11 year dispute over Thorney.

Pratt settlement keeps Waislitz in control of Thorney empire

But the billionaires have agreed to resolve their legal matter, with the investment empire to start making regular distributions to their three children.

August

The penthouse at 1 Albert Road, Melbourne has sold for $17.7 million.

Melbourne Cup winner Lloyd Williams sells penthouse for $18m

The racehorse owner and Crown Casino founder has sold his Melbourne penthouse in the city’s “Tower of Power” to Cambodian businessman Kith Meng.

Kick founder Ed Craven debuted on the Rich List in 2022 at 27, becoming the country’s youngest self-made billionaire.

‘Like Black Mirror’: Live-streamed death spells trouble for Ed Craven

A French minister has denounced what she calls a ‘digital Wild West’ and criticised the Rich Lister’s streaming platform Kick over insufficient moderation.

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23-year old Yang Lanlan is facing police charges over an Eastern Suburbs car crash involving a mint greens Rolls Royce.

Wrecked Rolls-Royce and a mysterious driver: court case has China agog

A car crash in Sydney’s Rose Bay has half the Chinese internet wondering who is Yang Lanlan, the mysterious 23-year-old woman driving a $1 million Rolls-Royce.

Embattled publican Jon Adgemis.

Adgemis funds $60,000 Bondi rent, lifestyle from company loans: report

Jon Adgemis’ debts have grown to more than $1.8 billion, and expected return for creditors has dropped to 0.15 cents to the dollar, according to trustee report.

‘Factually incorrect’: fund manager Elanor fires back at Lederer

After Elanor announced a $125 million rescue plan, billionaire Paul Lederer warned it would lose its focus. So he lobbed a takeover offer for one of its funds.

Sam Kroonenburg took a few years off after the sale of A Cloud Guru, but now he’s back and leading Cuttable.

Kroonenburg lands big valuation for AI ad agency Cuttable

The businessman founded and sold A Cloud Guru to an American giant for $2 billion. His new venture helps small brands feed “the social media beast”.

v2food chief executive Tim York

Cowin-backed plant-based meat start-up buys US fake chicken rival

Daring Foods was once a darling of the industry, valued at more than $500 million. Now it is being acquired by v2food in the hope scale will lead to profit.

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