BRW Rich 200
Encyclopedia
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 indivuals and families, together with commentary on how their ranking has changed from the previous year, if listed. The wealthiest individual in the 2011 list was Gina Rinehart
, estimated to have a personal net worth of A$
10.31 billion
. In 2011, the entry mark was A$215 million, up from A$185 million in the previous year.
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. 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 invididual with an assessed personal net worth of A$5.04 billion.
The BRW Rich 200 is one list in a series of lists published by the BRW. Other lists includes:
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 entrepeneur 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.
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, due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
's two hundred wealthiest individuals and families, ranked by personal net worth
Net worth
In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time...
. The list is released annually during May in a special issue of the Business Review Weekly
Business Review Weekly
BRW is an Australian weekly business magazine published by the Fairfax Media group. It regularly compiles lists which rank corporations and individuals according to various criteria, similar to Fortune magazine in the United States.BRW provides news and commentary on the economy, business and...
, published by Fairfax Media
Fairfax Media
Fairfax Media Limited is one of Australia's largest diversified media companies. The group's operations include newspapers, magazines, radios and digital media operating in Australia and New Zealand. Fairfax Media was founded by the Fairfax family as John Fairfax and Sons, later to become John...
.
The list provides a short summary on some of the known business activities of the indivuals and families, together with commentary on how their ranking has changed from the previous year, if listed. The wealthiest individual in the 2011 list was Gina Rinehart
Gina Rinehart
Georgina "Gina" Hope Rinehart is a mining heiress. She is the heiress of Hancock Prospecting and the daughter of the late mining magnate Lang Hancock and Hope Margaret Nicholas...
, estimated to have a personal net worth of A$
Australian dollar
The Australian dollar is the currency of the Commonwealth of Australia, including Christmas Island, Cocos Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu...
10.31 billion
1000000000 (number)
1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
. In 2011, the entry mark was A$215 million, up from A$185 million in the previous year.
Background and history
The BRW Rich 200 was first published in 1983 as the BRW Rich 100, with an entry point of A$10 million, that profiled 144 people and 20 families.In 2008, it was the first time in more than 20 years that a Packer had not headed the list. Andrew Forrest
Andrew Forrest
Andrew Forrest also known by his nickname "Twiggy", is a Western Australian mining entrepreneur, former chief executive officer, non-executive chairman, and the major shareholder of Fortescue Metals Group...
was listed as the richest person in Australia, with a net worth estimated at A$9.41 billion, with James Packer
James Packer
James Douglas Packer is an Australian businessman.Packer is the son of the late media mogul Kerry Packer and grandson of Frank Packer. He inherited the family company, Consolidated Press Holdings Limited, which controls investments in Crown Limited, Consolidated Media Holdings and other companies...
listed third with A$6.1 billion. In 2009 Anthony Pratt
Anthony Pratt (businessman)
Anthony Pratt is Chairman and CEO of Pratt Industries and Group Deputy Chairman of Visy Industries, the world’s largest privately-owned paper and packaging company...
, son of Richard Pratt
Richard Pratt (Australian businessman)
Richard J. Pratt was a prominent Australian businessman, chairman of the privately-owned company Visy Industries, and a leading figure of Melbourne society. In the year before his death Pratt was Australia's fourth-richest person, with a personal fortune valued at billion...
(who had died 4 weeks earlier), was top of the list with A$4.3 billion. In 2010, the founder of Westfield
Westfield
-Places:Australia:*Westfield, Western AustraliaCanada:*Grand Bay-Westfield, New Brunswick*Westfield, Nova ScotiaEngland*Westfield, East Sussex*Westfield, North Yorkshire*Westfield, Somerset*Westfield, Woking, SurreyNew Zealand:*Westfield, New Zealand...
, Frank Lowy
Frank Lowy
Frank Lowy, AC is an Australian-Israeli businessman. He is a co-founder of the Westfield Group, operator of over 100 shopping centres in Australia, New Zealand, the United States and Great Britain...
, who had appeared on the list every year, was Australia's richest invididual with an assessed personal net worth of A$5.04 billion.
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 entrepeneur Dick Smith
Dick Smith (entrepreneur)
Dick Smith, AO is an Australian entrepreneur, businessman, aviator, and political activist. He is the founder of Dick Smith Electronics, Dick Smith Foods and Australian Geographic, and was selected as the 1986 Australian of the Year.-Electronics:In 1968, Dick Smith founded electronics retailer...
, 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.
The BRW Rich 200 excludes individuals who have renounced their Australian citizenship. For example, despite Rupert Murdoch
Rupert Murdoch
Keith Rupert Murdoch, AC, KSG is an Australian-American business magnate. He is the founder and Chairman and CEO of , the world's second-largest media conglomerate....
being born in Australia and having a personal net wealth of US$7.6 billion, due to Murdoch becoming a naturalised US citizen in 1985, he is excluded from the list.
Top ten individuals and families
The following list is the ranking taken from the 2011 and 2010 issues.Individuals
| 2011 rank | Name | Net worth Net worth In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time... (AUD Aud Aud might refer to*Australian dollar *Ambedkar University, Delhi *American University in Dubai *Doctor of Audiology *Auðr, the son of Nótt and Naglfari in Norse mythology... ) | Sources of wealth |
|---|---|---|---|
| 1 | $10.31 billion | Hancock Prospecting Hancock Prospecting Hancock Prospecting is a Western Australian mining company chaired by Gina Rinehart the daughter of Lang Hancock. At stages of its trading it has been known as Hancock Prospecting Ltd, Hancock Resources, Hanwright Pty Ltd, Hancock & Wright Ltd, and Hancock Prospecting Pty. Ltd.The Hancock Group of... |
|
| 2 | $8.80 billion | Glencore Glencore Glencore International plc is a multinational mining and commodities trading company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey... commodities trading |
|
| 3 | $6.18 billion | Fortescue Metals Group Fortescue Metals Group Fortescue Metals Group is an Australian iron ore mining company. The company has holdings of more than 87,000 km² in the Pilbara region of Western Australia making it the largest tenement holder in the state. It is listed as FMG on the Australian Securities Exchange .In 2008, the group loaded... |
|
| 4 | $5.18 billion | Visy Industries Visy Industries Visy Industries was established in Melbourne, Australia in 1948 and is headquartered at Level 11, 2 Southbank Boulevard,Melbourne, Australia. It has grown to become one of the world’s largest privately-owned paper recycling and packaging companies. In 2003, Visy employed more than 8000 people... |
|
| 5 | $5.05 billion | Resources | |
| 6 | $4.98 billion | Westfield Westfield -Places:Australia:*Westfield, Western AustraliaCanada:*Grand Bay-Westfield, New Brunswick*Westfield, Nova ScotiaEngland*Westfield, East Sussex*Westfield, North Yorkshire*Westfield, Somerset*Westfield, Woking, SurreyNew Zealand:*Westfield, New Zealand... ; property (shopping centres) |
|
| 7 | $4.30 billion | Meriton Apartments | |
| 8 | $4.16 billion | Crown Limited Crown Limited Crown Limited is one of Australia's largest gaming and entertainment groups. At June 2010, Crown Limited had a market capitalisation of just over A$6 billion and accounted for 27.53% of the S&P/ASX 200 Hotels Restaurants & Leisure Industry Group.... ; Consolidated Media Holdings Consolidated Media Holdings Consolidated Media Holdings is an Australia investment company focused on subscription television.-About CMH:Consolidated Media Holdings is a publicly listed Australian company... |
|
| 9 | $3.45 billion | Property (shopping centres) | |
| 10 | $3.10 billion | Resources (coal) | |
Families
| 2011 rank | Name | Net worth Net worth In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time... (AUD Aud Aud might refer to*Australian dollar *Ambedkar University, Delhi *American University in Dubai *Doctor of Audiology *Auðr, the son of Nótt and Naglfari in Norse mythology... ) | Sources of wealth |
|---|---|---|---|
| 1 | $2.69 billion | Investment; property | |
| 2 | $2.23 billion | Investment | |
| 3 | $2.08 billion | Property; retail | |
| 4 | $2.01 billion | Retail; property; investment | |
| 5 | $1.42 billion | Resources; investment | |
| 6 | $1.35 billion | Investment; property | |
| 7 | $1.18 billion | Manufacturing (defence and shipbuilding) | |
| 8 | $1.13 billion | Retail; property | |
| 9 | $1.03 billion | Investment; property | |
| 10 | $0.94 billion | Property | |
| Legend | |
|---|---|
| Icon | Description |
| Has not changed from the 2010 list | |
| Has increased from the 2010 list | |
| Has decreased from the 2010 list |
Past richest Australian
| Year | Name | Net worth Net worth In business, net worth is the total assets minus total outside liabilities of an individual or a company. For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time... (AUD Aud Aud might refer to*Australian dollar *Ambedkar University, Delhi *American University in Dubai *Doctor of Audiology *Auðr, the son of Nótt and Naglfari in Norse mythology... ) | Sources of wealth |
|---|---|---|---|
| 1983 | $ billion | Publishing & Broadcasting Limited; Consolidated Media Holdings |
|
| 1984 | $ billion | ||
| 1985 | $ billion | ||
| 1986 | $ billion | ||
| 1987 | $ billion | ||
| 1988 | $ billion | Publishing & Broadcasting Limited; Consolidated Media Holdings |
|
| 1989 | $ billion | ||
| 1990 | $ billion | ||
| 1991 | $ billion | ||
| 1992 | $ billion | ||
| 1993 | $ billion | ||
| 1994 | $ billion | ||
| 1995 | $ billion | ||
| 1996 | $3.30 billion | ||
| 1997 | $3.90 billion | ||
| 1998 | $5.20 billion | ||
| 1999 | $ billion | ||
| 2000 | $8.20 billion | ||
| 2001 | $ billion | ||
| 2002 | $5.90 billion | ||
| 2003 | $5.50 billion | ||
| 2004 | $6.50 billion | ||
| 2005 | $6.90 billion | ||
| 2006 | $7.10 billion | Media; entertainment (gaming); investment |
|
| 2007 | $7.25 billion | ||
| 2008 | $9.41 billion | Fortescue Metals Group | |
| 2009 | $4.30 billion | Visy Industries; investment | |
| 2010 | $5.04 billion | Westfield; property (shopping centres) | |
| 2011 | $10.31 billion | Hancock Prospecting; media; investment |
|
See also
- Forbes China Rich List, the annual published list of rich individuals in ChinaPeople's Republic of ChinaChina , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
- Challenges Les 500, the annual published list of rich individuals in FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- Forbes Korean Rich List, the annual published list of rich individuals in South KoreaSouth KoreaThe Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
- Sunday Times Rich ListSunday Times Rich ListThe Sunday Times Rich List is a list of the 1,000 wealthiest people or families in the United Kingdom, updated annually in April and published as a magazine supplement by British national Sunday newspaper The Sunday Times since 1989...
, the annual published list of rich individuals in the United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages... - Forbes 400Forbes 400The Forbes 400 or 400 Richest Americans is a list published by Forbes Magazine magazine of the wealthiest 400 Americans, ranked by net worth. The list is published annually in September, and 2010 marks the 29th issue. The 400 was started by Malcom Forbes in 1982 and treats those in the list like...
, the annual published list of rich individuals in the United States of America