Resources boom is great for Rinehart (and one high-school dropout)

Julie-anne Sprague and Michael Bailey

Jan 2, 2023 – 8.00pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

The nation’s miners and manufacturers enter the new year building on their massive fortunes, while the country’s top tech entrepreneurs are nursing eye-watering losses.

The wealth of Australia’s richest people diverged over the past year, driven by a $16 billion wipeout in the collective fortunes of Atlassian founders Mike Cannon-Brookes and Scott Farquhar. While the tech duo’s wealth plunged from about $26 billion each to $17 billion apiece, the iron ore miners bulked up.

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Introducing your Newsfeed

Follow the topics, people and companies that matter to you.

Find out more

Julie-anne SpragueRich List editorJulie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia.

Michael BaileyArts & Culture editorMichael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney.