Financial Review Rich List 2020

This article is about the Financial Review Rich List published in 2020. For general information about the list, see Financial Review Rich List.

The Financial Review Rich List 2020 is the 37th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review in The Australian Financial Review Magazine on 30 October 2020.^[1]

The net worth of the wealthiest individual, Gina Rinehart, was A$28.89 billion; while the net worth of the 200th wealthiest individual, Nigel Satterley, was A$540 million; up from A$472 million for the 200th individual in 2019.^[2] The combined wealth of the 200 individuals was calculated as A$424 bn, an increase of A$72 bn on the previous year;^[3] compared with a combined wealth of A$6.4 bn in 1984 when the BRW Rich 200 commenced.^[1][3] The list included nineteen debutants, including three of Rinehart's children.^[4]

Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; peaking in 2012, when her net worth was assessed at A$29.17 bn.^[5] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked third in the 2020 Rich List, after Andrew Forrest AO,^[3] Australia's wealthiest individual in 2008.^[6][7] Harry Triguboff AO was Australia's wealthiest individual in 2016,^[8][9] ranked seventh in the 2020 Rich List.^[1]

List of individuals

2020[1]		Name	Citizenship	Source of wealth	2019[10]
Rank	Net worth A$ bn				Rank	Net worth A$ bn
1	28.89	Gina Rinehart	Australia	Hancock Prospecting; investment	2	13.81
2	23.00	Andrew Forrest AO	Australia	Fortescue	8	7.99
3	19.75	Anthony Pratt	Australia	Visy; Pratt Industries	1	15.57
4	18.06	Hui Wing Mau	People's Republic of China  Australia[11]	Shimao Property	4	10.39
5	16.93	Mike Cannon-Brookes	Australia	Atlassian	11	9.75
6	16.69	Scott Farquhar	Australia		12	9.63
7	14.42	Harry Triguboff AO	Australia	Meriton Apartments	3	13.54
8	9.18	Clive Palmer	Australia	Mineralogy and other mining interests; hospitality	15	4.09
9	8.30	Sir Frank Lowy AC	Australia	ex-Westfield; property (shopping centres)	7	8.57
10	6.26	Kerry Stokes AC	Australia	Property; Seven West Media; resources	11	5.69
11	5.45	John Gandel AC	Australia	Property (shopping centres)	10	6.60
12	4.93	Alan Wilson and family	Australia	Reece Group	16	4.07
13	4.69	James Packer	Australia	Crown Resorts; Consolidated Media Holdings	13	4.94
14	4.63	Vivek Chaand Sehgal	Australia	Motherson Sumi Systems	12	5.50
15	4.60	Chau Chak Wing	Australia	Property; investments	58	1.55
16	4.54	Ivan Glasenberg	Australia[12]  South Africa  Switzerland[13]	Glencore commodities trading	9	7.17
17	4.51	Jack Cowin	Australia	Competitive Foods Australia; investment	25	2.79
18	4.42	Len Ainsworth AM and family	Australia	Gaming; manufacturing	17	4.01
19	4.27	Lang Walker	Australia	Walker Corporation (property)	14	4.67
20	4.10	Richard White	Australia	Technology	20	3.31
21	3.83	Angela Bennett	Australia	Mining	28	2.62
22	3.76	Lachlan Murdoch	United States  United Kingdom  Australia[14]	Media	18	3.62
23	3.72	Lindsay Fox AC	Australia	Linfox; property	21	3.31
24	3.72	Solomon Lew	Australia	Premier Investments; retail	24	2.83
25	3.62	Alexandra Burt and Leonie Baldock	Australia	Resources	31	2.38
26	3.43	Melanie Perkins and Cliff Obrecht	Australia	Canva	n/a	not listed
27	3.19	Terry Snow AM	Australia	Capital Airport Group; property	43	1.86
28	2.93	David Hains	Australia	Investment	23	2.90
29	2.73	Betty Klimenko, Monica Weinberg-Saunders and family	Australia	Property	32	2.37
30	2.60	Sir Michael Hintze GCSG, AM	Australia  United Kingdom	Retail; investment	26	2.72
31	2.57	Gerry Harvey	Australia	Harvey Norman Holdings	40	1.90
32	2.54	David and Vicky Teoh	Australia	Telecommunications	38	2.03
33	2.33	Michael Hodgson	Australia	Property	33	2.34
34	2.31	Maurice Alter and family	Australia	Retail	35	2.33
35	2.24	Marcus Besen and family	Australia	Retail	34	2.34
36	2.24	Prudence MacLeod	Australia	News Corporation and Times Newspapers	22	3.10
37	2.20	Brett Blundy	Australia	Retail; property; agriculture	39	2.00
38	2.13	Peter, Andrew and Lex Greensill	Australia  United Kingdom	Financial services; agriculture	75	1.21
39	2.05	Bianca Rinehart	Australia	Hancock Prospecting	19	3.61
40	2.05	John Hancock	Australia	Hancock Prospecting	n/a	not listed
41	2.05	Hope Welker	Australia	Hancock Prospecting	n/a	not listed
42	2.05	Ginia Rinehart	Australia	Hancock Prospecting	n/a	not listed
43	2.05	Tony Perich and family	Australia	Agriculture; property	36	2.05
44	2.04	Kie Chie Wong and family	Australia	Investor; resources	103	0.896
45	2.03	John Van Lieshout	Australia	Retail	29	2.51
46	2.02	Greg Goodman and family	Australia	Goodman Group; property	61	1.43
47	1.98	Bob Ell	Australia	Property	44	1.84
48	1.95	Ye Lipei	Australia	Property	37	2.05
49	1.92	Nigel Austin	Australia	Cotton On Group; retail	27	2.68
50	1.86	Nick Molnar	Australia	Afterpay; technology	194	0.487
51	1.86	Anthony Eisen	Australia		195	0.487
52	1.86	Tim Roberts	Australia	Ex-Multiplex; investment	30	2.72
53	1.83	Michael Heine and family	Australia	Financial services	57	1.55
54	1.79	Sam and Andrew Buckeridge and family	Australia	Buckeridge Group of Companies	41	1.88
55	1.79	Russell Withers and family	Australia	Retail	67	1.33
56	1.77	Gretel Packer AM	Australia	Crown Resorts; investment	80	1.16
57	1.69	Paul Salteri AM and family	Australia	Investment	54	1.57
58	1.67	Andrew Budzinski	Cyprus	IC Markets; financial services	n/a	not listed
59	1.67	Paul Little AO	Australia	Toll Holdings	45	1.77
60	1.59	Jonathan Munz and family	Australia	Manufacturing	53	1.58
61	1.58	Khalil Shahin and family	Australia	Retail	59	1.49
62	1.57	John Casella and family	Australia	Agriculture	55	1.55
63	1.54	Bruce Mathieson	Australia	Gaming; investments	68	1.32
64	1.53	Sam Tarascio	Australia	Property	46	1.72
65	1.49	Alex Waislitz	Australia	Investment	56	1.56
66	1.48	Raymond Barro and family	Australia	Construction	49	1.65
67	1.47	Hamish Douglass	Australia	Financial services	117	0.805
68	1.46	Chris Mackay	Australia	Financial services	104	0.890
69	1.44	Judith Neilson	Australia	Investment	65	1.35
70	1.43	Chris Wallin	Australia	QCoal; resources	42	1.88
71	1.42	Peter Gunn	Australia	Logistics; investment; property	77	1.19
72	1.41	Morry Fraid, Zac Freid and family	Australia	Retail; property	50	1.61
73	1.38	Kerr Neilson	Australia	Financial services	60	1.49
74	1.37	Chris Thomas	Australia	Agriculture	64	1.39
75	1.36	Paul Lederer	Australia	Ex-Primo smallgoods; investment	70	1.31
76	1.35	Maha Sinnathamby	Australia	Residential property	72	1.27
77	1.32	Eddie Hirsch	Australia	United Petroleum	n/a	not listed
78	1.32	Avi Silver	Australia		n/a	not listed
79	1.31	Nick Politis AM	Australia	Retail; property	74	1.23
80	1.30	Alan Rydge	Australia	Rydges Hotels & Resorts; Event Cinemas	52	1.58
81	1.28	Huang Bingwen and family	Australia	Manufacturing	48	1.69
82	1.25	Con Makris and family	Australia	Property	69	1.32
83	1.25	Nicholas Paspaley and family	Australia	Paspaley Pearls	83	1.12
84	1.21	Bill Roche and Imelda Roche AO	Australia	Retail	62	1.42
85	1.20	Nechama Werdiger and family	Australia	Property	66	1.34
86	1.19	John Richards and family	Australia	Waste management	133	0.729
87	1.17	Lyn Ingham and family	Australia	Ex-Inghams Enterprises; manufacturing	79	1.17
88	1.17	Reg and Hazel Rowe	Australia	Super Retail Group; property	85	1.10
89	1.16	Robert Millner and family	Australia	Soul Patts; investment	71	1.30
90	1.13	Sandy Oatley and family	Australia	Agriculture; property; tourism	87	1.09
91	1.12	Sam Chong	Australia	Resources; hotels	73	1.24
92	1.10	John Kahlbetzer	Australia	Agriculture	47	1.70
93	1.10	Jack Gance	Australia	Chemist Warehouse; retail	92	0.989
94	1.08	Ralph Sarich AO	Australia	Investment; property	76	1.20
95	1.08	Dick Honan	Australia	Manildra Group	102	0.905
96	1.08	Dale Elphinstone	Australia	Elphinstone Group; mining services	116	0.814
97	1.06	Raphael Geminder	Australia	Manufacturing	98	0.957
98	1.06	Mario Verrocchi	Australia	Chemist Warehouse	97	0.960
99	1.06	Shaun Bonétt	Australia	Precision Group; property	90	1.00
100	1.02	Trevor Lee	Australia	Agriculture	136	0.705
101	1.00	Justin Hemmes	Australia	Hotels; property	88	1.06
102	1.00	Denis Wagner and family	Australia	Construction; mining services	84	1.10
103	1.00	Chris Ellison	Australia	Resources	148	0.661
104	1.00	Cameron Adams	Australia	Canva	n/a	not listed
105	0.994	Jamuna Gurung and Shesh Ghale	Australia	Melbourne Institute of Technology	78	1.18
106	0.992	Gordon Fu and family	Australia	Property	89	1.04
107	0.983	Peter Scanlon and family	Australia	Patrick Corporation	93	0.977
108	0.922	Chris Morris	Australia	Computershare; financial services	82	1.13
109	0.904	Rod Spooner and family	Australia	Property	113	0.834
110	0.896	Lloyd Williams	Australia	Property; thoroughbreds	100	0.914
111	0.892	Bruce Gordon	Australia	Media	134	0.728
112	0.891	John Symond AM	Australia	Ex-Aussie Home Loans	157	0.638
113	0.884	Laurie Sutton	Australia	Retail	96	0.966
114	0.871	Joy Chambers-Grundy	Australia	Media	108	0.871
115	0.866	Ervin Vidor AM and Charlotte Vidor	Australia	Property; hotels	95	0.973
116	0.853	Mark Creasy	Australia	Resources	149	0.660
117	0.839	Shangjin Lin and family, Yunhui Lin	Australia	Property	107	0.882
118	0.817	Eddie Machaalani	Australia	Technology	n/a	not listed
119	0.835	Manny Stul and family	Australia	Moose Toys; retail	51	1.60
120	0.834	Marnie Lewis-Millar, Shay Lewis-Thorp and family	Australia	Property	110	0.851
121	0.827	Andrew Roberts	Australia	Ex-Multiplex; property	106	0.885
122	0.820	Anthony Hall	Australia	Technology	186	0.514
123	0.802	Rod Duke	Australia	Briscoe Group	127	0.761
124	0.798	Spiros Psarras	Australia	Travel; property	99	0.931
125	0.795	Naomi Milgrom AO	Australia	Sussan; Sportsgirl; Suzanne Grae	121	0.781
126	0.793	Harry Stamoulis and family	Australia	Manufacturing	125	0.767
127	0.791	Allan Myers AC, QC	Australia	Investment; agriculture	123	0.771
128	0.783	Tony Walls	Australia	Technology	n/a	not listed
129	0.780	Mitchell Harper	Australia	Technology	n/a	not listed
130	0.777	Cyan and Collis Ta'eed and family	Australia	Technology	94	0.974
131	0.775	Theo Karedis	Australia	Retail; property	115	0.815
132	0.770	Frank Costa AO and family	Australia	Agriculture	118	0.802
133	0.764	Diana and Rino Grollo	Australia	Property	171	0.583
134	0.761	Sam Hupert	Australia	Technology	n/a	not listed
135	0.760	Larry Kestelman	Australia	Dodo Services; telecommunications	122	0.772
136	0.758	Arnold Vitocco	Australia	Property	130	0.746
137	0.754	Peter Cooper	Australia	Financial services	191	0.491
138	0.740	Brian Flannery	Australia	Resources	63	1.40
139	0.733	Neil Rae and family	Australia	Ex-Gull Petroleum	135	0.713
140	0.732	Travers Duncan	Australia	Resources; property	132	0.731
141	0.731	Robert Whyte	Australia	Investment	161	0.620
142	0.728	John Singleton AM	Australia	Media; investment; property	145	0.670
143	0.724	Paul Baiada and family	Australia	Manufacturing; food production	114	0.816
144	0.721	Nick DiMauro	Australia	Property	155	0.646
145	0.720	Jonathan Hallinan	Australia	Property	119	0.798
146	0.715	George Koukis[note 1]	Switzerland	Software	n/a	not listed
147	0.703	Ian Malouf	Australia	Waste services	159	0.623
148	0.702	Richard Smith	Australia	Food services	91	1.00
149	0.699	Trevor St Baker AO	Australia	Energy	154	0.647
150	0.695	Ori Allon	United States	Technology	142	0.672
151	0.694	Peter Hughes and family	Australia	Agriculture	188	0.506
152	0.693	Michael Boyd	Australia	Sonic Healthcare	189	0.503
153	0.691	Christian Beck	Australia	Technology	101	0.905
154	0.690	Kerry Harmanis	Australia	Resources	147	0.662
155	0.687	Greg Poche AO	Australia	Ex-StarTrack	156	0.639
156	0.684	George Kepper	Australia	Technology; property	165	0.600
157	0.684	Paul Fudge	Australia	Media	138	0.682
158	0.683	Kim McKendrick and family	Australia	Ex-Godfrey Hirst Carpets	144	0.670
159	0.680	Jina Chen and Alex Wu	Australia	Healthcare	128	0.758
160	0.667	Diane Burger and family	Australia	Property	153	0.651
161	0.665	Max Beck	Australia	Property	143	0.671
162	0.664	Robert Magid AM	Australia	Property	140	0.677
163	0.662	Kevin Seymour and family	Australia	Property	124	0.768
164	0.655	Greg Coffey	United States	Financial services	192	0.491
165	0.646	Andrew and Michael Buxton	Australia	Property	151	0.655
166	0.645	Zig Inge and family	Australia	Property	158	0.637
167	0.644	Terry Peabody	Australia	Ex-Transpacific; investment	152	0.655
168	0.643	Barry Lambert and family[note 1]	Australia	Financial services	n/a	not listed
169	0.639	Don McDonald and family	Australia	Financial services	n/a	not listed
170	0.634	Jack Bendat AM	Australia	Property	139	0.679
171	0.632	Rhonda Wyllie and family	Australia	Investment	162	0.615
172	0.629	John Higgins	Australia	Investment; services	169	0.593
173	0.617	Owen Kerr	Australia	Financial services	181	0.538
174	0.613	David Paradice	United States	Financial services	167	0.596
175	0.611	Garry Rothwell	Australia	Property	150	0.656
176	0.608	Will Vicars	Australia	Financial services	185	0.517
177	0.605	Bob Rose[note 1]	Australia	Property	n/a	not listed
178	0.601	Leon Kamenev	Australia	Ex-Menulog; technology	163	0.605
179	0.600	Zeljko Ranogajec	Isle of Man	Gaming	164	0.600
180	0.594	Judy Brinsmead	Australia	Construction	n/a	not listed
181	0.584	Arthur Laundy	Australia	Hotels	170	0.584
182	0.588	Gary Johnston	Australia	Jaycar; retail	n/a	not listed
183	0.587	Charles Gibbon	Australia	Technology	n/a	not listed
184	0.585	Tony Haggarty[note 1]	Australia	Mining	n/a	not listed
185	0.581	Tim Gurner	Australia	Property	141	0.672
186	0.580	Jiwan and Suman Mohan[note 1]	Australia	Agriculture	n/a	not listed
187	0.579	Paul Blackburne	Australia	Property	175	0.567
188	0.575	Ruslan Kogan[note 1]	Australia	Kogan.com; technology	n/a	not listed
189	0.569	Geoff Lord[note 1]	Australia	Resources	n/a	not listed
190	0.564	Bevan Slattery	Australia	Technology	n/a	not listed
191	0.560	Tony Poli	Australia	Resources; property	180	0.540
192	0.556	Gordon Martin	Australia	Manufacturing	146	0.663
193	0.554	Grahame Mapp	Australia	Investment	174	0.574
194	0.552	Larry Diamond	Australia	Zip Co; technology	n/a	not listed
195	0.550	Cathie Reid and Stuart Giles	Australia	Helathcare	n/a	not listed
196	0.549	Andrew Abercrombie	Australia	Financial services	187	0.512
197	0.547	Sunny Ngai and family	Australia	Manufacturing	166	0.598
198	0.546	Danny Hill	Monaco	Property	172	0.582
199	0.545	Scott Hutchinson and family	Australia	Construction	120	0.781
200	0.540	Nigel Satterley	Australia	Satterley; property	176	0.564

Legend
Icon	Description
	Has not changed from the previous year's list
	Has increased from the previous year's list
	Has decreased from the previous year's list

Removed from the 2019 list

The following individuals, who appeared on the 2019 Financial Review Rich List, did not appear on the 2020 list:

2019[10]		Name	Citizenship	Source of wealth	Reason (other than financial)
Rank	Net worth A$ bn
81	1.14	Jeff Chapman	Australia	Financial services
86	1.10	Tim Kentley-Klay	Australia	Technology
105	0.885	Patrick Grove	Australia	Technology
109	0.852	Graham Turner	Australia	Flight Centre; hotels
111	0.851	Geoff Harris	Australia	Flight Centre; investment
112	0.842	Bill James	Australia	Retail
126	0.765	Andrew Muir	Australia	The Good Guys
129	0.755	Iris Lustig-Moar and Max Moar	Australia	Property
131	0.745	Greg Farrell and family	Australia	Federal Group; gaming
137	0.696	Mick Power	Australia	Construction
160	0.623	Jamie Pherous	Australia	Travel services
168	0.594	Christina and Tony Quinn	Australia	Darrell Lea; retail
173	0.575	Graham Tuckwell	Jersey	Financial services
177	0.560	Tony Wales	Australia	Ex-Computershare; investment
178	0.554	Jerry Schwartz	Australia	Hotels
179	0.541	Kevin Maloney	Australia	Mining services
182	0.530	Stephen Ring and family	Australia	Ex-Swisse
183	0.523	Hilton Nathanson	Australia	Financial services
184	0.520	Seumas Dawes	Australia	Financial services
190	0.500	Ian Roberts	Australia	Healthcare
193	0.489	Neville Bertalli	Australia	Retail
196	0.486	Tobias Pearce and Kayla Itsines	Australia	Technology
197	0.485	Alan and Irene Messer	Australia	Healthcare
198	0.479	Steven Kalmin	Australia	Glencore
199	0.479	Rod Jones	Australia	Navitas Group
200	0.472	Patricia Ilhan	Australia	Crazy John's

Notes

• ^1 : Individual was listed on a previous year's list, that was not the 2019 Rich List.

See also

• Financial Review Rich List
• Forbes Asia list of Australians by net worth