10 Richest Australians for 2025 Revealed

The richest Australians have been revealed for 2025 with Gina Rinehart’s $46.34 billion net worth sitting at the top of the list once again. These entrepreneurs, businessmen and women, tech experts, and start-up geniuses raked in billions of dollars last year ($250 billion to be exact) and that figure is up from the $230 billion in the previous period, according to The Australian’s Rich List for 2025. Despite the dollar’s struggles on the world stage, technology-focused leaders had no trouble staying on the rich list. However, the biggest winners work within the mining industry, which surprises no one. There are two new entrants to the list this year, Nicola Forrest after her split with her wealthy ex-husband, Andrew Forrest, and WiseTech’s Richard White. Now, without further ado, let’s check out the 10 richest Australians for 2025.

Richest Australians at a Glance

Highlights from our list include:

• Richest Australian overall: Gina Rinehart (Hancock Prospecting), $46.34 billion
• Youngest person on the list: Melanie Perkins (Canva), $14.02 billion

Now you’ve read the highlights, let’s check out the complete list.

1. Gina Rinehart, $46.34 billion

Net worth: $46.34 billion
Source: Mining (Hancock Prospecting)

Gina Rinehart’s net worth has continued to skyrocket since 2020, and that theme has continued into 2025 with her net worth now standing at $46.34 billion (richest Australian, and 50th richest woman in the world). Her primary source of wealth comes from Hancock Prospecting, which she became the executive chairwoman of back in 1992, but she can also claim the title of Australia’s second-largest cattle producer. With a focus on lithium, Hancock Prospecting and SQM completed a $1.1 billion acquisition of Azure Minerals in Western Australia in 2024 and this has helped push Rinehart’s net worth north.

• Major assets: Roy Hill mine, agricultural properties
• Notable investments: Iron ore, agriculture
• Charitable work: Support for Olympic athletes and swimming

2. Harry Triguboff, $31.48 billion

Net worth: $31.48 billion
Source: Property development (Meriton)

“High Rise” Harry Triguboff has been at the forefront of Australia’s move to smaller dwellings for years and this has seen his wealth shoot through the roof to $31.48 billion as the demand for housing soars. Triguboff (92-year-old) was one of the first developers in Australia to see the potential of high-density living in Sydney and has reaped the rewards since building his first apartment block in Gladesville, Sydney. He is entirely self-made and was born in Dalian, China, to Russian parents. He started in textiles before moving to real estate in the 1960s.

• Major assets: Meriton apartments and hotels
• Notable investments: Residential towers across Sydney and Brisbane
• Charitable work: Support for Jewish causes and education

3. Mike Cannon-Brookes, $29.45 billion

Net worth: $29.45 billion
Source: Technology (Atlassian, CEO)

It wouldn’t be an Australia Rich List without Mike Cannon-Brookes and his Atlassian co-founder Scott Farquhar (who ranks 4th) on the list. Cannon-Brookes continues to grow his wealth expeditiously and has taken a financial interest in clean energy by acquiring Sun Cable and taking a minority stake in AGL Energy. He’s also an NBA team owner and has a minority stake in NBA team Utah Jazz (2020). Hopefully, his good fortunes can rub off on the rebuilding franchise.

• Major assets: Atlassian shares, renewable energy ventures
• Notable investments: Sun Cable, clean tech
• Charitable work: Boundless Earth climate initiative

4. Scott Farquhar, $29.19 billion

Net worth: $29.19 billion
Source: Technology (Atlassian)

This could be Scott Farquhar’s last time on the top ten list as he’s since retired as co-CEO of Atlassian, the business he founded with Mike Cannon-Brookes using credit cards. Still, his net worth climbed in the last 12 months to $29.19 billion, placing him fourth on the list. Farquhar wanted to spend more time with his family and stepped down as CEO of Atlassian in September 2024, but he also did so in the hope of making more philanthropic efforts. He and his wife, Kim Jackson, are the co-founders of Skip Foundation and Pledge 1%, which looks to “level the playing field and create equality of opportunity for women and education, regardless of socio-economic status or cultural background.”

“We started the Pledge 1% movement to encourage companies to bake philanthropy and giving back into their DNA right from the start,” says Farquhar in a quote on the foundation’s website.

The couple sold their unused Point Piper waterfront mansion “Elaine” for around $130 million in October 2024, according to sources at the Australian Financial Review.

• Major assets: Atlassian shares, historic Sydney properties
• Notable investments: Startups, tech ventures, real estate
• Charitable work: Education and tech-focused giving

5. Anthony Pratt & Family, $28.57 billion

Net worth: $28.57 billion
Source: Packaging and recycling (Visy, Pratt Industries)

Visy, Pratt Industries executive chairman Anthony Pratt built his fortune on recycling bins and cardboard. These two very unsexy things have become incredibly important in our modern age of e-commerce and circular thinking and his net worth has skyrocketed to $28.57 billion because of it. The Pratt family was always ahead of the curve, with Anthony’s grandfather starting Pratt Industries in 1948, which is now one of the biggest makers of corrugated cardboard in the world. Anthony also created the humble Visy bin, which helps offices around the world recycle.

• Major assets: Visy Industries, U.S. operations (Pratt Industries)
• Notable investments: Recycling and sustainable packaging
• Charitable work: Education and environmental causes

6. Clive Palmer, $22.32 billion

Net worth: $22.32 billion
Source: Mining

With a net worth of $22.32 billion, it’s crazy to think that Clive Palmer only became a billionaire six years ago. He makes the list of richest Australians because of his company’s interests in iron ore, thermal coal, and hydrocarbon. Mineralogy (which he founded in 1984) was court-ordered a flow of iron ore royalties just a few years ago and his net worth growth hasn’t slowed since. Previously a member of the Australian Parliament, the United Australia Party (UAP), which he fronted, couldn’t be registered for the 2025 federal election after its voluntary de-registration in 2022.

• Major assets: Mineralogy, Queensland real estate
• Notable investments: Nickel and iron ore projects
• Charitable work: Limited public philanthropic activity

7. Nicola Forrest, $16.06 billion

Net worth: $16.06 billion
Source: Fortescue Metals Group

Now split (not divorced) from ex-husband Andrew Forrest (m. 1991–2023), Nicola Forrest has quickly risen the rankings to become Australia’s 7th richest person and the 2nd richest woman. She hasn’t wasted her time with her philanthropic efforts, continuing her worth with the Minderoo Foundation, which she founded with her ex-husband ($9.6 billion endowment) but also starting a business of her own, Coaxial Foundation, which funds help for children and Australian Families through the 50 million shares it owns in Fortescue Metals Group.

• Charitable work: Minderoo Foundation

8. Andrew Forrest, $15.01 billion

Net worth: $15.01 billion
Source: Mining (Fortescue Metals Group)

With a slit now finalised, Andrew “Twiggy” Forrest can focus on continuing the growth of the Fortescue Metals Group and his Tattarang business which owns R.M. Williams and plenty of property in Perth. Next to iron ore, Fortescue has interest in renewables, purchasing CWP Renewables for $4 billion in 2022. Forrest’s philanthropic efforts are amongst the best on our list and he can claim the title of “Australia’s biggest philanthropist.” He has promised to spend A$750 million to rebuild Ukraine’s energy and communications infrastructure but has also donated millions of dollars through the Minderoo Foundation he founded with his ex-wife.

• Major assets: Fortescue Metals, Squadron Energy
• Notable investments: Green hydrogen, clean energy
• Charitable work: Minderoo Foundation, anti-slavery initiatives

9. Richard White, $15.01 billion

Net worth: $15.01 billion
Source: Technology/logistics (WiseTech Global)

Richard White is the founder of the $27-plus billion software logistics giant, WiseTech. The Sydney-based company was often called “Australia’s next Atlassian,” until recently when $3 billion were wiped off the company’s shares in February. This was after White returned to the board as lead independent director after four directors quit in one day. He’s WiseTech’s biggest shareholder (36.7 per cent) as of December 2024 so we wouldn’t expect his net worth to slow down from the $15.01 billion figure reported by The Australian any time soon.

• Major assets: WiseTech shares
• Notable investments: Logistics software and global expansion
• Charitable work: STEM education support

10. Melanie Perkins & Cliff Obrecht, $14.02 billion

Net worth: $14.02 billion
Source: Technology (Canva)

With a tough market, Melanie Perkins & Cliff Obrecht have seen the value of their baby, Canva, decline by 20% since its $40 billion valuation in September 2021. Still, the Australian power couple has seen continued growth on the platform with 220 million active monthly users and more than 6 million teams from various companies paying for the software (including this very publication). While Andrew Forrest has claimed the title of the country’s biggest philanthropist, Melanie Perkins and Cliff Obrecht will transfer more than 80% of their stake to the Canva Foundation for charitable causes, and that’s enough to land them in 2nd place for charitable rich listers.

• Major assets: Canva equity
• Notable investments: AI and design tools
• Charitable work: Giving Pledge signatories

Notable Names that Didn’t Make the 10 Richest

There were only two new entrants into the top ten list. However, some notable figures fell outside the rankings, including:

• Kerry Stokes (Media Seven Group Holdings) – $13.56 billion
• Michael Dorrell (Stonepeak) – $13.54 billion
• Frank Lowy (Lowy Institute, former Westfield assets) – $10.90 billion
• Vivek Sehgal (Motherson Group) – $10.10 billion
• Alan Wilson & Family (Reece plumbing supplies network) $9.59 billion
• Ivan Glasenberg (Glencore) – $9.44 billion
• Jack and Sam Gance (Chemist Warehouse) – $8.77 billion
• Mario Verrocchi (Chemist Warehouse) – $7.65 billion
• Sam Hupert (Medicus) – $7.00 billion
• Anthony Hall Medicus (Medicus)- $6.96 billion
• Len Ainsworth & Family (Aristocrat Leisure) – $6.96 billion
• Suzanne Walker & Family (Walker Corporation) – $6.89 billion
• Angela Bennett (Wright Prospecting) – $6.44 billion

If you want to read the full list of the 250 Richest Australians for 2025 check out the full article at The Australian.