BRW Rich 200

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The BRW Rich 200 is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth. The list is released annually during May in a special issue of the Business Review Weekly, published by Fairfax Media.

The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed. The wealthiest individual in the 2013 list was Gina Rinehart, estimated to have a personal net worth of A$22.02 billion. Rinehart's vast wealth resulted in BRW announcing her as the richest woman in the world during 2012. In 2013, the entry mark was A$235 million, an increase of A$25 million on the 2012 entry mark.[1]

Eighteen individuals and/or families have made every list; including Maurice Alter, Lindsay Fox, John Gandel, Bruce Gordon, Bruno & Rino Grollo, Reg Grundy, David Hains, Bob Ingham, John Kahlbetzer, Solomon Lew, John Longhurst, Frank Lowy, Grahame Mapp, Ian McMullin, Stan Perron, Alan Rydge, Kerry Stokes, and Harry Triguboff.[1]

Just fourteen women made the 2013 BRW Rich 200 list.[2][3] In more recent years, the list has been dominated by those with an interest in resources, as opposed to traditional wealth creation sources, such as mass media and property investment.[4]

Background and history[edit]

The BRW Rich 200 was first published in 1984[1] as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.[5][6]

In 2008, it was the first time in more than 20 years that a Packer had not headed the list. Andrew Forrest was listed as the richest person in Australia, with a net worth estimated at A$9.41 billion, with James Packer listed third with A$6.1 billion.[7] In 2009 Anthony Pratt, son of Richard Pratt (who had died 4 weeks earlier), was top of the list with A$4.3 billion. In 2010, the founder of Westfield, Frank Lowy, who had appeared on the list every year, was Australia's richest individual with an assessed personal net worth of A$5.04 billion.[8][9]

The BRW Rich 200 is one list in a series of lists published by the BRW. Other lists includes:

  • the BRW Rich series; covering BRW Executive Rich, BRW Young Rich, and BRW Rich Summer
  • the BRW Fast list series; covering BRW Fast Starters, BRW Fast Franchises, and BRW Fast 100
  • the BRW Top list series; covering Top 1000 Companies, Top 50 Entertainers, and Top 500 Private Companies

The list has sometimes caught the ire of those profiled. In an essay celebrating the 25th anniversary of the BRW, Jefferson Penberthy, the founding editor of the BRW Rich 100 wrote that at one stage Australian entrepreneur Dick Smith, then valued at A$50 million, did not want to appear on the list. When told that the cut off was A$35 million, Smith publicly divested A$20 million to charities.[6]

The BRW Rich 200 excludes individuals who have renounced their Australian citizenship. For example, despite Rupert Murdoch being born in Australia and having a personal net wealth of US$7.6 billion,[10] due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.

Top ten individuals and families[edit]

Individuals[edit]

Name 2011[11][12] 2012[14] 2013[16] Sources of wealth
Rank Net worth
(AUD) billion
Rank Net worth
(AUD) billion
Rank Net worth
(AUD) billion
Rinehart, GinaGina Rinehart 1 Increase $10.31 Increase 1 Steady $29.17 Increase 1 Steady $22.02 Decrease Hancock Prospecting
Lowy, FrankFrank Lowy 6 Decrease $4.98 Decrease 3 Increase $6.47 Increase 2 Increase $6.87 Increase Westfield; property (shopping centres)
Packer, JamesJames Packer 8 Decrease $4.16 Steady 6 Increase $5.21 Increase 3 Increase $6.00 Increase Crown Limited; Consolidated Media Holdings
Pratt, AnthonyAnthony Pratt 4 Decrease $5.18 Increase 5 Decrease $5.45 Increase 4 Increase $5.95 Increase Visy Industries; Pratt Industries
Glasenberg, IvanIvan Glasenberg 2 Increase $8.80 Increase 2 Steady $7.40 Decrease 5 Decrease $5.61 Decrease Glencore commodities trading
Triguboff, HarryHarry Triguboff 7 Decrease $4.30 Increase 7 Steady $4.85 Increase 6 Increase $4.95 Increase Meriton Apartments
Hui, Wing MauWing Mau Hui not listed not listed 7 Increase $4.82 Increase Shimao Property
Gandel, JohnJohn Gandel 9 Decrease $3.45 Increase 10 Decrease $3.35 Decrease 8 Increase $3.70 Increase Property (shopping centres)
Forrest, AndrewAndrew Forrest 3 Increase $6.18 Increase 4 Decrease $5.89 Decrease 9 Decrease $3.66 Decrease Fortescue Metals Group
Wallin, ChrisChris Wallin 10 Decrease $3.10 Increase 9 Increase $3.78 Increase 10 Decrease $2.80 Decrease Resources (coal)

|head investments, Jeffery HeadJeffery Head head investments||align="center"|10 Decrease||align="right"|$1.10 Increase||align="center"|9 Increase||align="right"|$3.78 Increase ||align="center"|10 Decrease|| align="right"|$1.80 Decrease|| Resources (coal) |- |}

Families[edit]

Name 2011[11][12] 2012[15] 2013[17] Sources of wealth
Rank Net worth
(AUD) billion
Rank Net worth
(AUD) billion
Rank Net worth
(AUD) billion
family, SmorgonSmorgon family 1 $2.69 Increase 1 Steady $2.63 Decrease 1 Steady $2.64 Increase Investment
family, BesenBesen family 3 $2.08 Increase 3 Steady $2.15 Increase 2 Increase $2.10 Decrease Property; retail
family, LibermanLiberman family 2 $2.23 Decrease 2 Steady $2.20 Decrease 2 Steady $2.10 Decrease Investment
family, MyerMyer family 4 $2.01 Increase 5 Decrease $1.94 Decrease 4 Increase $2.01 Increase Retail; property; investment
family, WilsonWilson family n/a not listed 7 Increase $1.44 Decrease 5 Increase $1.83 Increase Retail (Plumbing)
family, RobertsRoberts family 6 $1.35 Increase 6 Steady $1.75 Increase 6 Steady $1.82 Increase Investment; property
family, WrightWright family n/a not listed 4 Increase $1.95 Decrease 7 Decrease $1.53 Decrease Resources
family, TalbotTalbot family 5 $1.42 Increase 8 Decrease $1.29 Decrease 8 Steady $1.21 Decrease Resources
family, SalteriSalteri family 7 $1.18 Decrease 10 Decrease $1.09 Decrease 9 Increase $1.17 Increase Manufacturing (defence and shipbuilding)
family, TieckTieck family 9 $1.03 Increase 11 Decrease $1.02 Decrease 10 Increase $1.07 Increase Investment; property
family, SaundersSaunders family 10 $0.936 Increase 12 Decrease $0.96 Increase 11 Increase $0.97 Increase Property
Legend
Icon Description
Steady Has not changed from the previous year's list
Increase Has increased from the previous year's list
Decrease Has decreased from the previous year's list

Past richest Australian[edit]

Year Name Net worth (AUD) Sources of wealth
1984 Packer, KerryKerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[18]
1985 $ billion
1986 $ billion
1987 $ billion
1988 Packer, KerryKerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[18]
1989 $ billion
1990 $ billion
1991 $ billion
1992 $ billion
1993 $ billion
1994 $ billion
1995 $ billion
1996[19] $3.30 billion Increase
1997[20] $3.90 billion Increase
1998[21] $5.20 billion Increase
1999 $ billion Increase
2000[22] $8.20 billion Increase
2001 $ billion Decrease
2002[23] $5.90 billion Decrease
2003[24] $5.50 billion Decrease
2004[5] $6.50 billion Increase
2005[25] $6.90 billion Increase
2006[26] Packer, JamesJames Packer $7.10 billion Increase Media; entertainment (gaming);
investment
2007[7] $7.25 billion Increase
2008[7][12] Forrest, AndrewAndrew Forrest $9.41 billion Increase Fortescue Metals Group
2009[8] Pratt & family, AnthonyAnthony Pratt & family $4.30 billion Decrease Visy Industries; investment
2010[8][9] Lowy, FrankFrank Lowy $5.04 billion Increase Westfield; property (shopping centres)
2011[12] Rinehart, GinaGina Rinehart $10.31 billion Increase Hancock Prospecting; media;
investment
2012[14] $29.17 billion Increase
2013[2] $22.02 billion Decrease

See also[edit]

References[edit]

  1. ^ a b c Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Retrieved 22 May 2013. 
  2. ^ a b Colquhoun, Steve; Heathcote, Andrew (22 May 2013). "Rinehart drops more than Lowy's entire worth". The Sydney Morning Herald. Retrieved 22 May 2013. 
  3. ^ Ferguson, Adele (23 May 2012). "Rinehart world's richest woman: BRW". The Sydney Morning Herald. Retrieved 5 June 2012. 
  4. ^ Thomson, James (23 May 2012). [http:fgladfkldfjkadf//www.businessspectator.com.au/bs.nsf/Article/BRW-rich-list-Rinehart-Pratt-Lowy-Forrest-Packer-pd20120522-UJ6PD?OpenDocument&src=sph "Rinehart, Palmer and the Rich 200"]. Business Spectator. Retrieved 5 June 2012. 
  5. ^ a b Skeffington, Robert (24 May 2004). "The richest list of all". The Age (Australia). Retrieved 27 July 2011. 
  6. ^ a b Penberthy, Jefferson (24 August 2006). "Blood, sweat and ink" (pdf). BRW (Australia: Fairfax Media). Archived from the original on 15 July 2011. Retrieved 27 July 2011. 
  7. ^ a b c Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". news.com.au (Australia). AAP. Retrieved 27 July 2011. 
  8. ^ a b c Zappone, Chris (26 May 2010). "Frank Lowy tops BRW rich list for first time". The Sydney Morning Herald. Retrieved 27 July 2011. 
  9. ^ a b Saulwick, Jacob; Cummins, Caroline (27 May 2010). "Lowy leaves mining magnates in the dust". The Sydney Morning Herald. Retrieved 27 July 2011. 
  10. ^ Rupert Murdoch profile, "World's billionaries", Forbes, March 2011, retrieved 31 July 2011 
  11. ^ a b c "BRW Rich 200 2010 Wealth Index". Business Review Weekly (Fairfax Media). 2010. 
  12. ^ a b c d e "BRW Rich 200 2011 Wealth Index". BRW (Australia). 25 May 2011. Retrieved 27 July 2011. 
  13. ^ "BRW Rich Families Wealth Index". BRW (Australia). 25 May 2011. Retrieved 16 January 2012. 
  14. ^ a b c "BRW Rich 200 2012 Wealth Index". BRW (Australia). 24 May 2012. Retrieved 5 June 2012. 
  15. ^ a b "Rich 50 Families 2012". BRW (Australia). 24 May 2012. Retrieved 5 June 2012. 
  16. ^ a b "BRW Rich 200 2013 Wealth Index". Business Review Weekly (Fairfax Media). 24 May 2013. Retrieved 24 May 2013. 
  17. ^ "Rich Families 2013". BRW (Australia). 25 July 2013. Retrieved 10 April 2014. 
  18. ^ a b Nixon, Sherrill (7 March 2008). "It's a bit rich when a Packer no longer tops list". The Sydney Morning Herald. Retrieved 27 July 2011. 
  19. ^ "Today's Headlines". News of the Day Archives. Australia: Global Web Builders. 17 May 1996. Retrieved 16 September 2011. 
  20. ^ "Today's Headlines". News of the Day Archives. Australia: Global Web Builders. 23 May 1997. Retrieved 16 September 2011. 
  21. ^ Dixon, Norm (9 December 1998). "Who owns Australia?". Green Left Weekly (Australia). Retrieved 16 September 2011. 
  22. ^ Douglas, Jeanne-Vida; Norsa, Gerard (7 June 2000). "Channel champs charge onto BRW rich list". ARN. Retrieved 16 September 2011. 
  23. ^ Murphy, Damien (23 May 2002). "Millionaire surfers join ranks of wealthiest". The Sydney Morning Herald. Retrieved 16 September 2011. 
  24. ^ "Kidman ranks in rich list". The Age. 22 May 2003. Retrieved 16 September 2011. 
  25. ^ "Kerry Francis Bullmore Packer 1937-2005". The Age. 28 December 2005. p. 7. Retrieved 27 April 2011. 
  26. ^ "The Billionaires". BRW. 18 May 2006. Retrieved 16 September 2011. 

External links[edit]