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Wagner family’s $826m make it ninth on rich list

THE fortune of the Wagner family appears bound for the stratosphere, with the construction industry giant’s inclusion in the top 10 of Queensland’s rich list.

John Wagner, part of Toowoomba's Wagner family, which appears in the top 10 of Queensland's rich list. Picture: Bev Lacey
John Wagner, part of Toowoomba's Wagner family, which appears in the top 10 of Queensland's rich list. Picture: Bev Lacey

THE fortune of Toowoomba's Wagner family appears bound for the stratosphere, with the construction industry giant's inclusion in the top 10 of Queensland's rich list.

Reports have placed the family's wealth at $826 million, earning them ninth position on the list.

The family is pushing ahead with construction of an airport at Wellcamp which they are confident will offer regular passenger airline services.

Toowoomba property developer and philanthropist Clive Berghofer was named at number 32 on the list with a fortune of $320 million.

Clive Berghofer is Queensland's 32nd richest person. Picture: FILE
Clive Berghofer is Queensland's 32nd richest person. Picture: FILE

The 78-year-old said avoiding debt was a part of the reason for his financial success.

"The easiest thing to do is borrow money," Mr Berghofer said.

"The hardest thing to do is pay it back."

He said he gained satisfaction from helping charities, as well as sporting and community groups, with donations.

"My motto has been I want to produce things better, cheaper and quicker than anybody else," Mr Berghofer said.

Other entrants on the list included University of Southern Queensland Chancellor Bobbie Brazil and her husband Lyn Brazil at number 58, as well as the McLean family from Pittsworth at number 100.

Our rich list entries

  • 9 - Wagner family, Toowoomba, $826 million
  • 32 - Clive Berghofer, Toowoomba, $320 million
  • 46 - Susan Marchant, Goondiwindi, $221 million
  • 58 - Lyn and Bobbie Brazil, Millmerran, $190 million
  • 62 - Pamela Dearmer, Roma, $185 million
  • 77 - MacTaggart family, Brisbane/ Toowoomba, $158 million
  • 100 - McLean family, Pittsworth, $114 million
  • 112 - Fitzgibbons family, Brisbane/ Toowoomba, $99 million
  • 133 - Vandersee family, Toowoomba, $75 million

Originally published as Wagner family’s $826m make it ninth on rich list

Read related topics:Wagner family

Original URL: https://www.thechronicle.com.au/news/wagner-familys-826m-make-it-ninth-on-rich-list/news-story/34e01e5163782afc2cbe8d0fc6954a4e