Top 20 Millionaires In Australia

The Australian economic landscape in late 2025 continues to be defined by a fascinating blend of traditional resources and a rapidly maturing technology sector. While the “digging it up” economy remains the bedrock of national wealth, the rise of software giants and innovative manufacturing shows a country in transition. This list of the top 20 Australian billionaires highlights the figures who command the nation’s iron ore mines, property empires, and digital platforms. From the red dust of the Pilbara to the gleaming office towers of Sydney and the global cloud infrastructure of Silicon Valley, these individuals represent the pinnacle of Australian commercial success.

1. Gina Rinehart

Executive Chairman of Hancock Prospecting

Gina Rinehart maintains her long standing position as Australia’s wealthiest individual with an estimated net worth of $38.11 billion. As the executive chairman of Hancock Prospecting, she sits atop a diversified empire primarily built on iron ore. Despite a slight dip in commodity prices earlier in the year, her strategic investments in high grade iron ore projects and a significant expansion into the rare earths and lithium sectors have bolstered her portfolio against market volatility.

Rinehart’s influence extends beyond the mining pit. In 2025, she has continued to expand her agricultural footprint, with S. Kidman & Co becoming a cornerstone of the Australian cattle industry. Her business philosophy is rooted in the belief that the resources sector is the engine room of the Australian economy. She is a vocal advocate for lower taxes and reduced regulation, often participating in national debates regarding energy policy and industrial competitiveness. Beyond business, she is a major patron of Australian sport, particularly swimming and rowing, providing critical funding for Olympic athletes. Her wealth is a testament to the enduring value of Australia’s natural endowments and her personal tenacity in navigating complex legal and industrial challenges over several decades.

2. Harry Triguboff

Founder and Managing Director of Meriton

Harry Triguboff, affectionately known as “High-rise Harry,” holds the second spot with a fortune of $29.65 billion. At 92 years of age, the founder of Meriton remains the dominant force in the Australian residential property market. His success is built on a remarkably consistent strategy: buy large tracts of land in high growth urban corridors, build high density apartments, and manage them with a long term view.

In 2025, Triguboff has capitalised on the chronic housing shortage across Australia’s eastern seaboard. Meriton’s portfolio of over 10,000 apartments across Sydney, Brisbane, and the Gold Coast provides a massive, recurring stream of rental income. Unlike many developers who sell and move on, Triguboff’s willingness to hold stock during market downturns has allowed him to benefit from the long term appreciation of Australian real estate. He remains a hands on leader, famously inspecting his construction sites personally. His wealth reflects the fundamental demand for housing in a growing nation and the success of a business model that prioritises cash flow and land ownership above all else.

3. Anthony Pratt and Family

Executive Chairman of Visy and Pratt Industries

Anthony Pratt, with a net worth of $25.84 billion, oversees a global packaging and recycling empire. As the executive chairman of Visy in Australia and Pratt Industries in the United States, he has successfully positioned his businesses at the intersection of manufacturing and sustainability. His companies are now among the largest privately held recycling firms in the world, converting waste into valuable corrugated packaging.

By late 2025, Pratt has significantly expanded his American operations, opening several new 100% recycled paper mills across the Midwest. His relationship with various political leaders on both sides of the Pacific has helped him navigate trade complexities and secure incentives for green manufacturing. Pratt is a major philanthropist and a prominent figure in the Jewish community, hosting high level gatherings that blend business, politics, and social causes. His fortune underscores the global shift towards a circular economy and the profitability of large scale, technologically advanced recycling. He continues to be a vocal proponent of Australian and American manufacturing jobs.

4. Mike Cannon-Brookes

Co-founder and Co-CEO of Atlassian

Mike Cannon-Brookes, worth $29.45 billion, is a leading figure in Australia’s technology and environmental sectors. As a co-founder of the collaboration software giant Atlassian, he helped create a company that is now a fundamental part of the global digital infrastructure. However, in 2025, he is just as well known for his role as a “billionaire activist” pushing for a rapid transition to renewable energy.

Cannon-Brookes has used his personal wealth to take significant stakes in traditional energy companies like AGL, forcing a faster exit from coal. His investment vehicle, Grok Ventures, is a major backer of the Sun Cable project, which aims to export solar power from the Northern Territory to Singapore via a massive undersea cable. By late 2025, this project has achieved significant regulatory milestones, cementing Cannon-Brookes’ reputation as a visionary in the green energy space. Despite his activism, Atlassian remains the core of his wealth, with the company continuing to grow its cloud based service offerings. He represents a new breed of Australian billionaire who seeks to combine technological innovation with large scale environmental disruption.

5. Scott Farquhar

Co-founder of Atlassian

Scott Farquhar, with an estimated net worth of $21.42 billion, is the other half of the duo that founded Atlassian. While he shares a similar origin story with Mike Cannon-Brookes, Farquhar has recently taken a different path, stepping back from his co-CEO role in 2024 to focus on his young family and his private investment activities. His wealth remains largely tied to his significant shareholding in Atlassian, which continues to be a top performer on the NASDAQ.

In 2025, Farquhar’s influence is increasingly felt through Skip Capital, a private investment firm managed by his wife, Kim Jackson. Skip Capital focuses on high growth technology companies and infrastructure projects, particularly those related to the energy transition and advanced software. Farquhar is known for his more reserved public profile compared to Cannon-Brookes, but he remains a titan of the Australian tech scene. His fortune is a prime example of the massive scale that can be achieved through software as a service (SaaS) and the global reach of Australian engineering talent. He continues to support the local startup ecosystem through mentorship and venture funding.

6. Clive Palmer

Owner of Mineralogy

Clive Palmer, worth $20.12 billion, remains one of the most controversial and resilient figures in Australian business. His wealth is primarily derived from his company, Mineralogy, which holds vast iron ore tenements in Western Australia. A significant portion of his income comes from royalty payments paid by the Chinese state owned firm CITIC Pacific Mining, a deal that has been the subject of intense and prolonged legal battles.

In 2025, Palmer continues to use his substantial resources to fund his political ambitions through the United Australia Party and to pursue various high profile legal claims against both the state and federal governments. Despite his frequent absences from the traditional corporate world, the sheer scale of his iron ore royalties ensures his position at the top of the rich list. He is also known for his ambitious and often eccentric projects, such as the proposed Titanic II. Palmer’s wealth reflects the unique power of mineral rights in Australia and his ability to maintain a dominant financial position despite constant public and legal scrutiny.

7. Andrew Forrest

Executive Chairman of Fortescue

Andrew “Twiggy” Forrest, with a fortune of $15.01 billion, is the driving force behind Fortescue, the world’s fourth largest iron ore producer. Like his peer Mike Cannon-Brookes, Forrest has spent the last several years attempting to pivot his massive industrial empire toward a green future. Under his leadership, Fortescue is transforming into a global green energy and metals company.

By late 2025, Fortescue has made significant strides in its goal to achieve “Real Zero” terrestrial emissions by 2030. Forrest has travelled the globe relentlessly, signing agreements with governments from Kenya to Brazil to develop green hydrogen projects. While iron ore remains the current source of his billions, his strategic focus is entirely on the decarbonisation of heavy industry. He is also one of Australia’s most significant philanthropists, with the Minderoo Foundation addressing issues ranging from modern slavery to ocean health. Despite his high profile separation from his wife Nicola, the two remain unified in their philanthropic goals. His wealth is a bet on the total transformation of the global energy system.

8. Richard White

Founder and CEO of WiseTech Global

Richard White, worth $14.82 billion, is the founder of WiseTech Global, the developer of CargoWise, the world’s leading software for the logistics and freight forwarding industry. White’s story is a testament to the power of niche expertise; he began as a musician and repairman before building a software solution that now powers the operations of almost every major global logistics provider.

In 2025, WiseTech Global has continued its aggressive acquisition strategy, snapping up smaller logistics tech firms across Europe and Asia to integrate them into the CargoWise ecosystem. White’s wealth has grown exponentially as global supply chains have become increasingly digitised and complex. He is known for his deep technical involvement in the product and a corporate culture that prioritises engineering excellence over traditional marketing. His fortune reflects the indispensable nature of logistics software in a globalised economy and the success of a “buy and build” strategy executed with surgical precision. White remains a central figure in the Australian tech sector, often advising on how to scale domestic innovations for a global market.

9. Melanie Perkins and Cliff Obrecht

Co-founders of Canva

The husband and wife team of Melanie Perkins and Cliff Obrecht have a combined net worth of $14.14 billion. As the co-founders of Canva, they have democratised graphic design, making it accessible to over 200 million users worldwide. Canva is often cited as the most successful Australian startup since Atlassian, reaching a private valuation that rivals many of the country’s oldest industrial companies.

In 2025, Canva has successfully integrated advanced generative artificial intelligence into its platform, allowing users to create complex designs from simple text prompts. This technological leap has helped the company maintain its rapid growth despite increased competition from legacy players like Adobe. Perkins and Obrecht are famous for their commitment to the “Step One, Step Two” plan: become one of the world’s most valuable companies, and then do the most good possible. They have pledged to give away the vast majority of their wealth through the Canva Foundation. Their fortune is a symbol of the creative potential of the Australian tech sector and the power of a mission driven business model.

10. Michael Dorrell

Co-founder and CEO of Stonepeak

Michael Dorrell, with an estimated net worth of $13.85 billion, is a less public but highly influential figure in the world of global infrastructure investment. As the co-founder and CEO of the New York based firm Stonepeak, Dorrell manages over $70 billion in assets, including major interests in energy, transport, and communications infrastructure across the globe.

A former Macquarie Group executive, Dorrell has been instrumental in the trend of private equity moving into essential public services. In 2025, Stonepeak’s Australian investments include significant stakes in logistics hubs and renewable energy projects. Dorrell’s wealth is derived from his carried interest and management fees from these massive funds. He represents the global reach of Australian financial expertise and the increasing importance of infrastructure as an asset class for the world’s wealthiest investors. His career trajectory from Sydney to the heights of Wall Street is a source of inspiration for many in the Australian financial sector.

11. Ivan Glasenberg

Former CEO of Glencore

Ivan Glasenberg, worth $13.30 billion, is the former CEO and largest individual shareholder of Glencore, one of the world’s biggest commodity trading and mining companies. Although he stepped down from the top role in 2021, Glasenberg remains a pivotal figure in the global resources market. His fortune is built on his mastery of the complex world of industrial commodity arbitrage and extraction.

By late 2025, Glencore has become a critical player in the “transition minerals” market, with its vast copper and cobalt assets being essential for the production of electric vehicles and renewable energy storage. Glasenberg, an Australian citizen, maintains a low public profile but continues to manage his significant investment portfolio from his base in Switzerland. His wealth reflects the strategic importance of global supply chains and the massive scale of the mining sector. He is known for his relentless work ethic and his deep knowledge of the physical trade in metals and energy products.

12. Nicola Forrest

Co-founder of Minderoo Foundation and Tattarang

Nicola Forrest holds a fortune of $12.83 billion. As the co-founder of the Minderoo Foundation and the chair of the private investment group Tattarang, she is one of Australia’s most powerful and influential philanthropists and investors. Following her separation from Andrew Forrest, her personal shareholding in Fortescue and other family assets has been clearly delineated, placing her firmly in the top tier of the rich list.

In 2025, Nicola Forrest has focused Tattarang’s investment strategy on sustainable agriculture, luxury retail (including R.M. Williams), and property development that prioritises community outcomes. Through the Minderoo Foundation, she continues to lead significant initiatives in early childhood development and the arts. Her approach to wealth is defined by the concept of “impact investing”—the idea that capital can be used to solve social problems while still generating a return. Her fortune is a testament to the role of strategic investment in shaping both the economy and the social fabric of Australia.

13. Kerry Stokes

Chairman of Seven Group Holdings

Kerry Stokes, with a net worth of $12.69 billion, is a titan of the Australian media and industrial sectors. As the chairman of Seven Group Holdings, his interests span from the Seven West Media network to WesTrac, one of the world’s largest Caterpillar equipment dealers. This unique mix of assets allows him to benefit from both consumer advertising trends and the heavy industrial demands of the mining and construction sectors.

In 2025, Stokes has overseen a period of consolidation within his media empire while enjoying record profits from WesTrac as the Western Australian mining industry continues its expansion. He is a noted collector of art and historical artefacts, including several Victoria Cross medals. Stokes is known for his shrewd business instincts and his ability to maintain influence across the political spectrum. His fortune reflects the power of a diversified conglomerate and the enduring importance of heavy machinery in the Australian economy. He remains a key figure in the cultural and economic life of Western Australia.

14. Frank Lowy

Founder of Westfield Corporation

Sir Frank Lowy, with a fortune of $10.90 billion, is the man who built the Westfield shopping mall empire. While he sold the business in 2018 for a record sum, his family office, the Lowy Family Group (LFG), remains a massive force in global finance. Lowy’s wealth is now managed through a sophisticated network of international investments, including significant stakes in property, technology, and financial services.

In 2025, Lowy resides primarily in Israel but maintains a strong connection to Australia through his philanthropic work and the Lowy Institute, one of the country’s most influential foreign policy think tanks. His story from a Holocaust survivor to one of the world’s most successful businessmen is a cornerstone of Australian immigrant success stories. His wealth is a product of his pioneering vision for the modern shopping mall and his astute timing in exiting the retail market before the full impact of the e-commerce revolution. He remains a respected elder statesman of the Australian business community.

15. Vivek Sehgal

Chairman of Motherson Group

Vivek Sehgal, worth $10.10 billion, is the chairman of the Motherson Group, a global automotive component manufacturing giant. Although born in India, Sehgal is an Australian citizen and has built a significant portion of his global operations with a focus on international markets. Motherson is now a top tier supplier to almost every major car manufacturer in the world, including Mercedes-Benz, BMW, and Volkswagen.

By late 2025, Sehgal has successfully navigated the automotive industry’s shift toward electric vehicles by diversifying Motherson’s product range to include specialised components for EV batteries and interiors. His business model is based on “customer led” growth, where the company expands its manufacturing footprint to be close to its major clients. His wealth is a reflection of the scale of the global automotive supply chain and the success of a highly disciplined, acquisition based growth strategy. Sehgal remains a private figure, focusing on the operational excellence of his vast network of factories.

16. Alan Wilson and Family

Executive Chairman of Reece Group

Alan Wilson, with an estimated net worth of $9.59 billion, is the head of the family that controls the Reece Group. Reece is Australia’s largest supplier of plumbing and bathroom products, a business that has benefited immensely from the country’s decades long construction boom. The company has grown from a single store to a multi-billion dollar entity with operations across Australia, New Zealand, and the United States.

In 2025, the Reece Group has continued its expansion into the US market, capitalising on the demand for high end plumbing fixtures and commercial HVAC solutions. Wilson is known for his long term perspective and a corporate culture that treats employees like family. His wealth is a classic example of “boring but beautiful” business success—providing essential products to a steady market. The Wilson family remains deeply involved in the day to day management of the company, ensuring that the values established by Alan’s father remain at the heart of the business.

17. Jack Gance

Co-founder of Chemist Warehouse

Jack Gance, worth $8.77 billion, is the visionary behind Chemist Warehouse, the retail pharmacy chain that has revolutionised the Australian healthcare market. By introducing a high volume, low margin “big box” model to the pharmacy sector, Gance and his partners have created one of the most successful retail brands in the country’s history.

In 2025, the big news for Jack Gance has been the successful merger of Chemist Warehouse with Sigma Healthcare, a move that effectively took the company public through a multi-billion dollar deal. This has provided Gance and his family with significant liquidity and solidified their position in the upper echelons of the rich list. He is known for his aggressive marketing strategies and his ability to negotiate hard with global pharmaceutical giants. His wealth reflects the power of disruptive retail and the essential nature of healthcare services.

18. Sam Gance

Co-founder of Chemist Warehouse

Sam Gance, with an equal fortune of $8.77 billion, is the brother of Jack and a co-founder of the Chemist Warehouse empire. While Jack often takes the lead on corporate strategy, Sam has been instrumental in the operational and logistical rollout of the store network. Together, the Gance brothers have built a business that now controls a significant portion of the Australian retail pharmacy market.

In 2025, Sam Gance has focused on the company’s international expansion, particularly into the New Zealand and Irish markets. The Chemist Warehouse model has proven to be highly exportable, relying on a consistent brand identity and a wide range of discounted health and beauty products. Sam’s wealth is a product of the same Sigma Healthcare merger that benefited his brother, marking the culmination of decades of hard work in the retail sector. He is a prominent figure in the Melbourne business community and a generous supporter of various medical research charities.

19. Mario Verrocchi

Co-founder of Chemist Warehouse

Mario Verrocchi, worth $7.65 billion, is the third key partner in the Chemist Warehouse success story. As a co-founder and major shareholder, Verrocchi has been the “product man,” focusing on the merchandising and supplier relationships that give the chain its competitive edge. His ability to secure exclusive deals and manage a vast inventory of products has been critical to the company’s growth.

By late 2025, Verrocchi’s fortune has also seen a significant boost from the Sigma Healthcare merger. He remains an active executive within the business, even as it transitions to a publicly listed entity. Verrocchi is known for his passion for cars and his significant property holdings in Melbourne. His wealth is a testament to the power of a successful partnership and the impact of a retail model that puts the consumer’s desire for value first. He continues to play a vital role in the strategic direction of the combined Chemist Warehouse and Sigma entity.

20. Cameron Adams

Co-founder of Canva

Cameron Adams, with a net worth of $2.90 billion, is the third co-founder of Canva. While Melanie Perkins and Cliff Obrecht often serve as the public face of the company, Adams is the technical visionary and product lead who helped build the platform from the ground up. His background in design and engineering was critical in creating the intuitive user interface that has made Canva a global sensation.

In 2025, Adams continues to lead Canva’s product development team, with a particular focus on the integration of artificial intelligence and the expansion of the platform’s enterprise features. His wealth is derived from his significant equity stake in the company. Although he is the “junior” member of the founding trio in terms of net worth, he is a multi-billionaire in his own right and a central figure in the Australian tech landscape. Adams is known for his quiet, focused approach and his dedication to the craft of product design. His fortune is a reminder that technical founders are just as critical to the success of a tech giant as the public facing executives.

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Frequently Asked Questions

Who is the richest person in Australia in 2025?

Gina Rinehart remains the richest person in Australia with an estimated net worth of $38.11 billion. Her wealth is primarily derived from Hancock Prospecting, her mining and agricultural empire.

How has the Australian tech sector influenced the rich list?

The tech sector has become a major driver of wealth, with figures like Mike Cannon-Brookes, Scott Farquhar, Melanie Perkins, and Richard White all featuring in the top 20. This reflects the global scale and high valuations achieved by Australian software companies.

What is the "merger" involving Chemist Warehouse?

In early 2025, Chemist Warehouse completed a landmark merger with Sigma Healthcare. This deal effectively brought the privately held pharmacy giant onto the Australian Securities Exchange (ASX), significantly increasing the liquid wealth of its founders.

Why are there so many mining billionaires in Australia?

Australia is a global leader in the production of iron ore, coal, and lithium. The "resources boom" has allowed individuals like Gina Rinehart, Andrew Forrest, and Clive Palmer to amass enormous fortunes by exporting these raw materials to industrialising nations, particularly China.

How do these billionaires contribute to the Australian community?

Many of the individuals on this list are significant philanthropists. The Forrest family’s Minderoo Foundation and the Canva founders’ pledge to give away the majority of their wealth are prominent examples of how Australian billionaires are using their capital to address social and environmental issues.

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New South Wales | Victoria | Western Australia | Queensland

Top 20 Millionaires In Australia

1. Gina Rinehart

Executive Chairman of Hancock Prospecting

2. Harry Triguboff

Founder and Managing Director of Meriton

3. Anthony Pratt and Family

Executive Chairman of Visy and Pratt Industries

4. Mike Cannon-Brookes

Co-founder and Co-CEO of Atlassian

5. Scott Farquhar

Co-founder of Atlassian

6. Clive Palmer

Owner of Mineralogy

7. Andrew Forrest

Executive Chairman of Fortescue

8. Richard White

Founder and CEO of WiseTech Global

9. Melanie Perkins and Cliff Obrecht

Co-founders of Canva

10. Michael Dorrell

Co-founder and CEO of Stonepeak

11. Ivan Glasenberg

Former CEO of Glencore

12. Nicola Forrest

Co-founder of Minderoo Foundation and Tattarang

13. Kerry Stokes

Chairman of Seven Group Holdings

14. Frank Lowy

Founder of Westfield Corporation

15. Vivek Sehgal

Chairman of Motherson Group

16. Alan Wilson and Family

Executive Chairman of Reece Group

17. Jack Gance

Co-founder of Chemist Warehouse

18. Sam Gance

Co-founder of Chemist Warehouse

19. Mario Verrocchi

Co-founder of Chemist Warehouse

20. Cameron Adams

Co-founder of Canva

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Frequently Asked Questions

Who is the richest person in Australia in 2025?

How has the Australian tech sector influenced the rich list?

What is the "merger" involving Chemist Warehouse?

Why are there so many mining billionaires in Australia?

How do these billionaires contribute to the Australian community?

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