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 was historically released annually in May or June in a special issue of the Business Review Weekly (BRW), published by Fairfax Media. The final hardcopy issue of BRW was published in November 2013, and between 2014 and March 2016, the list was published online only. Since March 2016 the BRW Rich 200 has been published in hardcopy in the AFR Magazine and published online on the Financial Review website.[1]

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. In 2016, the entry mark for the 200th richest individual was A$303 million – an increase of A$17 million on the 2015 entry mark.[2][3] The wealthiest individual in the 2016 list was Harry Triguboff AO, estimated to have a personal net worth of A$10.62 billion – the first year that Triguboff has headed the list.[3] Triguboff succeeded Gina Rinehart who held the mantle between 2011 and 2015. In 2012 BRW proclaimed Rinehart as the richest woman in the world, a title that appeared to have slipped in subsequent years, according to Forbes Asia.[4]

Seventeen 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, Stan Perron, Alan Rydge, Kerry Stokes, and Harry Triguboff.[5][3]

Fourteen women and 186 men made the 2014 BRW Rich 200 list.[6][7][8] The list is dominated in number, but not by value, by those whose source of wealth is from property investment (26%); while in previous years mass media has been the traditional wealth creation source. In more recent years, those with an interest in resources have dominated the list by value.[9][10] The combined wealth of the 200 individuals in 2015 was assessed at A$195.9 billion, an increase of 1.2% on the 2014 BRW Rich 200.[2] Average wealth for the 200 on the 2015 list reached A$974.7 million, only marginally higher than A$968 million in the previous year.[2] In the 2016 list, members had an average age of 66, with 27 aged 80 or older.[11]

Background and history[edit]

The BRW Rich 200 was first published in 1984[5] as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.[12][13]

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.[14] In 2009 Anthony Pratt, son of Richard Pratt (who had died four 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.[15][16] Rinehart has held the mantle every year since 2011.[2]

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.[13]

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,[17] due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.[18]

The BRW Rich Families List was first published in 2008 and in every year of its publication the Smorgon family has headed the list, with estimated wealth of A$2.74 billion in 2015 spread across seven branches of the family.[19] In 2015 the list comprises 50 families with an entry point of A$302 million.[20]

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

On 4 March 2016, Fairfax announced the closure of the BRW website, and redirected the site to a new section of the The Australian Financial Review. Rich lists are now published by The AFR and continue to carry the BRW branding.[1]

Top ten individuals and families[edit]

Individuals[edit]

Name 2011[21][22] 2012[23] 2013[24] 2014[7] 2015[2] 2016[3] Sources of wealth
Rank Net worth
(A$) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Triguboff, HarryHarry Triguboff 7 Decrease $4.30 Increase 7 Steady $4.85 Increase 6 Increase $4.95 Increase 8 Decrease $5.50 Increase 3 Increase $10.23 Increase 1 Increase $10.62 Increase Meriton Apartments
Pratt, AnthonyAnthony Pratt 4 Decrease $5.18 Increase 5 Decrease $5.45 Increase 4 Increase $5.95 Increase 2 Increase $7.64 Increase 2 Steady $10.76 Increase 2 Steady $10.35 Decrease Visy Industries; Pratt Industries
Lowy, FrankFrank Lowy 6 Decrease $4.98 Decrease 3 Increase $6.47 Increase 2 Increase $6.87 Increase 4 Decrease $7.16 Increase 4 Steady $7.84 Increase 3 Increase $8.26 Increase Westfield; property (shopping centres)
Rinehart, GinaGina Rinehart 1 Increase $10.31 Increase 1 Steady $29.17 Increase 1 Steady $22.02 Decrease 1 Steady $20.01 Decrease 1 Steady $14.02 Decrease 4 Decrease $6.06 Decrease Hancock Prospecting; media; investment
Gandel, JohnJohn Gandel 9 Decrease $3.45 Increase 10 Decrease $3.35 Decrease 8 Increase $3.70 Increase 9 Decrease $4.08 Increase 8 Decrease $4.40 Increase 5 Increase $5.40 Increase Property (shopping centres)
Hui, Wing MauWing Mau Hui not listed not listed 7 Increase $4.82 Increase 6 Increase $6.35 Increase 5 Increase $6.89 Increase 6 Decrease $5.39 Decrease Shimao Property
Packer, JamesJames Packer 8 Decrease $4.16 Steady 6 Increase $5.21 Increase 3 Increase $6.00 Increase 3 Steady $7.19 Increase 7 Decrease $6.08 Decrease 7 Steady $5.00 Decrease Crown Limited; Consolidated Media Holdings
Forrest, AndrewAndrew Forrest 3 Increase $6.18 Increase 4 Decrease $5.89 Decrease 9 Decrease $3.66 Decrease 7 Increase $5.86 Increase 9 Decrease $2.83 Decrease 8 Increase $3.33 Increase Fortescue Metals Group
Glasenberg, IvanIvan Glasenberg 2 Increase $8.80 Increase 2 Steady $7.40 Decrease 5 Decrease $5.61 Decrease 5 Steady $6.63 Increase 6 Increase $6.14 Decrease 9 Decrease $3.33 Decrease Glencore commodities trading
Teoh, David & VickyDavid & Vicky Teoh 77 Increase $0.52 Increase 34 Increase $1.06 Increase 17 Increase $2.00 Increase 13 Increase $2.31 Increase 10 Increase $3.08 Increase TPG Telecom

Families[edit]

Name 2011[21][22] 2012[25] 2013[26] 2014[27] 2015[20] Sources of wealth
Rank Net worth
(A$) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
Rank Net worth
($A) billion
family, SmorgonSmorgon family 1 $2.69 Increase 1 Steady $2.63 Decrease 1 Steady $2.64 Increase 1 Steady $2.77 Increase 1 Steady $2.74 Decrease Investment
family, WilsonWilson family n/a not listed 7 Increase $1.44 Decrease 5 Increase $1.83 Increase 3 Increase $2.34 Increase 2 Increase $2.60 Increase Retail (plumbing)
family, LibermanLiberman family 2 $2.23 Decrease 2 Steady $2.20 Decrease 2 Steady $2.10 Decrease 2 Steady $2.45 Increase 3 Decrease $2.53 Increase Investment
family, BuckeridgeBuckeridge family n/a $2.60 Increase n/a $2.01 Decrease n/a $2.10 Increase 5 Increase $2.10 Steady 4 Increase $2.46 Increase Manufacturing (building materials); construction
family, BesenBesen family 3 $2.08 Increase 3 Steady $2.15 Increase 2 Increase $2.10 Decrease 4 Decrease $2.29 Increase 5 Decrease $2.41 Increase Property; retail
family, MyerMyer family 4 $2.01 Increase 5 Decrease $1.94 Decrease 4 Increase $2.01 Increase 6 Decrease $2.05 Increase 6 Steady $2.08 Increase Retail; property; investment
family, RobertsRoberts family 6 $1.35 Increase 6 Steady $1.75 Increase 6 Steady $1.82 Increase 7 Decrease $1.86 Increase 7 Steady $1.89 Increase Investment; property
family, BarroBarro family 13 $0.70 Increase 16 Decrease $0.72 Increase 13 Increase $0.91 Increase 12 Increase $1.08 Increase 8 Increase $1.25 Increase Building Services
family, SalteriSalteri family 7 $1.18 Decrease 10 Decrease $1.09 Decrease 9 Increase $1.17 Increase 9 Steady $1.26 Increase 9 Steady $1.20 Decrease Tenix; infrastructure investment (roads and services)
family, TalbotTalbot family 5 $1.42 Increase 8 Decrease $1.29 Decrease 8 Steady $1.21 Decrease 10 Decrease $1.18 Decrease 10 Steady $1.17 Decrease Resources
family, TieckTieck family 9 $1.03 Increase 11 Decrease $1.02 Decrease 10 Increase $1.07 Increase 11 Decrease $1.13 Increase 10 Increase $1.17 Increase Investment; 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 (A$) Sources of wealth
1984 Packer, KerryKerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[28]
1985 $ billion
1986[29] Teck Puat, KhooKhoo Teck Puat $0.60 billion Diversified invstment
1987[30] Holmes à Court, RobertRobert Holmes à Court $1.40 billion Bell Resources; diversified investment
1988 $ billion
1989[31] Packer, KerryKerry Packer $1.80 billion Publishing & Broadcasting Limited;
Consolidated Media Holdings
1990[32] Murdoch, RupertRupert Murdoch $3.60 billion News Corporation; media
1991 Packer, KerryKerry Packer $ billion Publishing & Broadcasting Limited;
Consolidated Media Holdings[28]
1992[33] $2.70 billion
1993[34] $3.00 billion
1994[35] $5.50 billion
1995[36] $3.00 billion
1996[37] $3.30 billion Increase
1997[38] $3.90 billion Increase
1998[39] $5.20 billion Increase
1999[40] $6.40 billion Increase
2000[41] $8.20 billion Increase
2001[42] $6.20 billion Decrease
2002[43] $5.90 billion Decrease
2003[44] $5.50 billion Decrease
2004[12] $6.50 billion Increase
2005[45] $6.90 billion Increase
2006[46] Packer, JamesJames Packer $7.10 billion Increase Media; entertainment (gaming);
investment
2007[14] $7.25 billion Increase
2008[14][22] Forrest, AndrewAndrew Forrest $9.41 billion Increase Fortescue Metals Group
2009[15] Pratt & family, AnthonyAnthony Pratt & family $4.30 billion Decrease Visy Industries; investment
2010[15][16] Lowy, FrankFrank Lowy $5.04 billion Increase Westfield; property (shopping centres)
2011[22] Rinehart, GinaGina Rinehart $10.31 billion Increase Hancock Prospecting; media;
investment
2012[23] $29.17 billion Increase
2013[47] $22.02 billion Decrease
2014[6] $20.01 billion Decrease
2015[2] $14.02 billion Decrease
2016[3] Triguboff, HarryHarry Triguboff $10.62 billion Increase Meriton Apartments

See also[edit]

References[edit]

  1. ^ a b Ward, Miranda (4 March 2016). "Fairfax Media to close BRW website with team joining new Leadership section at AFR". Mumbrella. Retrieved 4 March 2016. 
  2. ^ a b c d e f Stensholt, John, ed. (June 2015). "2015 BRW Rich 200". BRW (Sydney). Retrieved 9 June 2015. 
  3. ^ a b c d e Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review (Australia). Retrieved 7 June 2016. 
  4. ^ Treadgold, Tim (21 March 2014). "Australia's $17 Billion Woman On The Road To Becoming A Whole Lot Richer". Forbes. Retrieved 28 June 2014. 
  5. ^ a b Thomson, James (22 May 2013). "Celebrating 30 years of the Rich 200". BRW Rich 200. Retrieved 22 May 2013. 
  6. ^ a b Stensholt, John (26 June 2014). "BRW 2014 Rich List". The Sydney Morning Herald. Retrieved 29 June 2014. 
  7. ^ a b Stensholt, John, ed. (26 June 2014). "2014 BRW Rich 200". BRW (Sydney). Retrieved 28 June 2014. 
  8. ^ Ferguson, Adele (23 May 2012). "Rinehart world's richest woman: BRW". The Sydney Morning Herald. Retrieved 5 June 2012. 
  9. ^ Heathcote, Andrew; Lindsay, Nicole (27 June 2014). "BRW Rich 200: how technology is reshaping the list". BRW (Interactive chart). Retrieved 29 June 2014. 
  10. ^ Thomson, James (23 May 2012). "Rinehart, Palmer and the Rich 200". Business Spectator. Retrieved 5 June 2012. 
  11. ^ Hatch, Patrick (27 May 2016). "BRW Rich List: Gretel Packer and Bianca Rinehart join the rich list family". The Sydney Morning Herald. Retrieved 7 June 2016. 
  12. ^ a b Skeffington, Robert (24 May 2004). "The richest list of all". The Age (Australia). Retrieved 27 July 2011. 
  13. ^ a b Penberthy, Jefferson (24 August 2006). "Blood, sweat and ink" (PDF). BRW (Australia: Fairfax Media). Archived (PDF) from the original on 15 July 2011. Retrieved 27 July 2011. 
  14. ^ a b c Chappell, Trevor (28 May 2008). "Alan Bond makes BRW rich list comeback". news.com.au (Australia). AAP. Retrieved 27 July 2011. 
  15. ^ 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. 
  16. ^ a b Saulwick, Jacob; Cummins, Caroline (27 May 2010). "Lowy leaves mining magnates in the dust". The Sydney Morning Herald. Retrieved 27 July 2011. 
  17. ^ "World's billionaires: Rupert Murdoch profile". Forbes. March 2011. Retrieved 31 July 2011. 
  18. ^ Xavier, Allan (1 April 2014). "Rupert Murdoch tops BRW Executive Rich List 2014". BRW (Fairfax Media). Retrieved 26 October 2015. 
  19. ^ Stensholt, John (7 October 2015). "Poultry to property: how Australia’s richest families are making second fortunes". BRW (Fairfax Media). Retrieved 26 October 2015. 
  20. ^ a b "Rich Families List 2015". BRW (Australia). 7 October 2015. Retrieved 26 October 2015. 
  21. ^ a b "BRW Rich 200 2010 Wealth Index". Business Review Weekly (Fairfax Media). 2010. 
  22. ^ a b c d "BRW Rich 200 2011 Wealth Index". BRW (Australia). 25 May 2011. Retrieved 27 July 2011. 
  23. ^ a b "BRW Rich 200 2012 Wealth Index". BRW (Australia). 24 May 2012. Retrieved 5 June 2012. 
  24. ^ Stensholt, John, ed. (24 May 2013). "BRW Rich 200 2013 Wealth Index". Business Review Weekly. Retrieved 24 May 2013. 
  25. ^ "Rich 50 Families 2012". BRW (Australia). 24 May 2012. Retrieved 5 June 2012. 
  26. ^ "Rich Families 2013". BRW (Australia). 25 July 2013. Retrieved 10 April 2014. 
  27. ^ "Rich Families List 2014". BRW (Australia). 21 August 2014. Retrieved 26 October 2015. 
  28. ^ 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. 
  29. ^ BRW 15 August 1986 p.55
  30. ^ BRW 26 May 1987 p.31
  31. ^ BRW 12 May 1989 p.60
  32. ^ BRW 26 September 1990 p.66
  33. ^ BRW 22 May 1992 p.59
  34. ^ BRW 21 May 1993 p.59
  35. ^ BRW 23 May 1994 p.68
  36. ^ BRW 22 May 1995 p.55
  37. ^ "Today's Headlines". News of the Day Archives. Australia: Global Web Builders. 17 May 1996. Retrieved 16 September 2011. 
  38. ^ "Today's Headlines". News of the Day Archives. Australia: Global Web Builders. 23 May 1997. Retrieved 16 September 2011. 
  39. ^ Dixon, Norm (9 December 1998). "Who owns Australia?". Green Left Weekly (Australia). Retrieved 16 September 2011. 
  40. ^ BRW 28 May 1999 p.80
  41. ^ Douglas, Jeanne-Vida; Norsa, Gerard (7 June 2000). "Channel champs charge onto BRW rich list". ARN. Retrieved 16 September 2011. 
  42. ^ BRW 18 May 2001 p.84
  43. ^ Murphy, Damien (23 May 2002). "Millionaire surfers join ranks of wealthiest". The Sydney Morning Herald. Retrieved 16 September 2011. 
  44. ^ "Kidman ranks in rich list". The Age. 22 May 2003. Retrieved 16 September 2011. 
  45. ^ "Kerry Francis Bullmore Packer 1937-2005". The Age. 28 December 2005. p. 7. Retrieved 27 April 2011. 
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  47. ^ Colquhoun, Steve; Heathcote, Andrew (22 May 2013). "Rinehart drops more than Lowy's entire worth". The Sydney Morning Herald. Retrieved 22 May 2013. 

External links[edit]