Australia: Top 10 billionaires, and what made them exceedingly rich

Wealth of Australia's richest individuals surged 10% in 2025 to $243 billion: Forbes

Last updated: May 20, 2025 | 09:44

Jay Hilotin, Senior Assistant Editor

3 MIN READ

As of 2025, Australia's wealth landscape is dominated by influential figures across mining, property, and tech sectors. They show the diverse avenues through which significant wealth has been accumulated in Australia. According to Forbes' latest data, the combined wealth of the nation's 50 richest individuals has surged nearly 10% to $243 billion over the past year. Following are the top 10 richest Australians in 2025:

Bloomberg

1. Gina Rinehart – US$29 billion

Iron ore magnate Gina Rinehart topped has taken out the top spot on the list every year since the Financial Review Rich Women List was published in 2021. The chair of Hancock Prospecting, Rinehart maintains her position as Australia's wealthiest individual. Despite a 4% decline in her wealth, she continues to invest in energy assets and advocates for industrial policies favouring the mining sector.

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2. Harry Triguboff – US$18.8 billion

Founder of Meriton Group, property tycoon Triguboff has reclaimed the second spot, driven by the strong demand for rental housing in Australia.

3. Mike Cannon-Brookes – US$18.3 billion

Co-founder of Atlassian, Cannon-Brookes has seen significant gains, adding over $4 billion to his wealth as shares of the software firm surged.

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4. Scott Farquhar – US$17.9 billion

Also a co-founder of Atlassian, Farquhar's wealth has similarly increased, reflecting the company's strong performance in the tech sector.

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5. Andrew Forrest – US$16.1 billion

Founder of Fortescue Metals Group, Forrest's wealth has decreased due to a significant drop in the company's stock value.

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6. Anthony Pratt & Family – US$13.5 billion

Chairman of Visy Industries and Pratt Industries, Pratt's wealth stems from his family's packaging and recycling business.

7. Richard White – US$10.1 billion

Founder of WiseTech Global, White has built his fortune through the development of logistics software solutions.

8. Melanie Perkins & Cliff Obrecht – US$9.4 billion

Co-founders of Canva, the couple has amassed significant wealth through their graphic design platform's global success.

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9. Clive Palmer – US$8.9 billion

Mining magnate and businessman, Palmer's wealth is primarily derived from his interests in the resources sector.

10. Frank Lowy – US$8.5 billion

Co-founder of Westfield Corp, Lowy has transitioned his wealth into various investment ventures following the sale of Westfield's global operations.

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