10 Richest Australians for 2025 Revealed

The richest Australians have been revealed for 2025 with Gina Rinehart’s $38.11 billion net worth sitting at the top of the list once again. These entrepreneurs, businessmen and women, and tech experts raked in billions of dollars last year: $202 billion to be exact, though that figure is down from the $222 billion in the previous period, according to The AFR’s Rich List for 2025.

The drop in total fortunes was largely caused by an overall softer market, as well as ongoing international trade tensions impacting the Australian mining and iron ore industries. I doubt you’re here to read about that though, so 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), $38.11 billion
• Youngest person on the list: Melanie Perkins (Canva), $14.14 billion

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

1. Gina Rinehart, $38.11 billion

Net worth: $38.11
Source: Mining (Hancock Prospecting)

Gina Rinehart’s net worth has skyrocketed since 2020, but the ever-changing international trade market has caused a slip in Rineheart’s overall net worth this year, falling from $46.34 billion to $38.11 billion in 2025. 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, $29.65 billion

Net worth: $29.65 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 as the demand for housing soars: though he also saw a slight drop in fortunes this year. The now 92-year-old Triguboff 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. Anthony Pratt & Family, $25.85 billion

Net worth: $25.85 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 $25.85 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

4. Scott Farquhar, $21.42 billion

Net worth: $21.42 billion
Source: Technology (Atlassian)

This could be one of Scott Farquhar’s last times 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 hit $21.42 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. Clive Palmer, $20.12 billion

Net worth: $20.12 billion
Source: Mining

With a net worth of $20.12 billion, it’s crazy to think that Australia’s very own serial texter 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

6. Melanie Perkins & Cliff Obrecht, $14.14 billion

Net worth: $14.14 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), and jumped from 10th place on this list earlier this year to 6th.

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

7. Michael Dorrell, $13.85 billion

Net worth: $13.85 billion
Source: Asset Management (Stonepeak)

Somehow breaking into the top ten in his first go at the Rich List, Stonepeak co-founder Michael Dorrell largely flew under the radar until his fortune was discovered by AFR in 2024. Alongside Trent Vichie, Dorrell worked at Macquarie Group before being poached by Blackstone, and eventually spinning out into Stonepeak, a New York-based infrastructure investor. He’s also apparently a Cronulla Sharks tragic, so take that how you will.

• Major assets: Stonepeak
• Notable investments: Renewable energy generation and storage
• Charitable work: Limited public philanthropic activity

8. Ivan Glasenberg, $13.30 billion

Net worth: $13.3 billion
Source: Mining (Glencore)

While Glasenberg joined mining firm Glencore in 1984, climbed to the position of CEO in 2002, and retired from the position in 2021, he remains the company’s largest shareholder. This, alongside his external investments into real estate and other assets, has helped him to not only stay rich, but get richer into his retirement. Born in South Africa, Glasenberg is also a citizen of Australia and Switzerland.

• Major assets: Majority shareholder in Glencore
• Charitable work: Limited public philanthropic activity

9. Nicola Forrest, $12.83 billion

Net worth: $12.83 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 9th 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

10. Kerry Stokes, $12.69 billion

Net worth: $12.69 billion
Source: Media (Seven Media Group)

Chairman of Seven Media, Kerry Stokes is a well known Australian businessman and one of the few to truly have lived the rags-to-riches story. He made his first millions in real estate back in the 60s, and used that win to build his media empire. Stokes, it’s said, is a far more hands-off leader his contemporaries, preferring to let his people make judgement calls and decisions without much intervention—it’s hard to argue with the results.

• Major assets: Australian Capital Equity, Seven Media Group
• Charitable work: Donations to National Gallery of Australia