1.Harry Triguboff
AGE: 87
SOURCE OF WEALTH:
real estate, Self Made
RESIDENCE:Sydney, Australia
NEtworth: $9.2B
·
Triguboff is one of Australia's richest people. Born in China to
Russian parents, he came to Australia as a teenager.
·
Triguboff found success in business by providing higher-density
living options in Sydney, Australia's largest city, which has traditionally
been dominated by free-standing homes.
·
His apartment-tower development company, Meriton, sees strong
demand in Sydney, while it also has a presence in southeast Queensland.
·
He was one of Australia's first developers to see the potential
of apartment living when most of his countrymen aspired to single-family homes.
·
Nicknamed "High Rise Harry", he has put up more than
75,000 apartments. The buoyant Sydney market continues to drive up his fortune.
2.Anthony Pratt
AGE:
60
SOURCE
OF WEALTH: manufacturing
RESIDENCE:
Melbourne,
Australia
Networth: $6.8B
·
Pratt is the executive chairman of Australia's biggest private
company, Visy Asia-Pacific, a packaging and recycling business.
·
The company was set up by his grandfather in 1948 in Melbourne
and expanded by his late father, Richard.
·
He also owns Atlanta's Pratt Industries, the biggest U.S.
manufacturer of corrugated cardboard.
·
His sisters Heloise Pratt and Fiona Geminder also hold stakes in
Visy and are fellow billionaires.
3.Frank Lowy
AGE:90
SOURCE
OF WEALTH: shopping malls, Self Made
RESIDENCE:
Sydney, Australia
NET WORTH: $6.5B
·
An era ended in June 2018 when Lowy sold his Westfield Corp. to
a Franco-Dutch group in a $16 billion deal that was Australia's largest
takeover.
·
A Holocaust survivor, Lowy opened his first shopping center in
Sydney in 1959, launching what became one of the world's largest mall
businesses.
·
Today the Lowys' main business is running their family
investment house, Lowy Family Group, with offices in New York, Los Angeles and
Sydney.
· Sir Frank is a principal of the group, along with his three sons, David, Peter and Steven.
4.Mike Cannon-Brookes
AGE:
41
SOURCE
OF WEALTH: software, Self Made
RESIDENCE:
Sydney, Australia
NET WORTH: $6.4B
·
Mike Cannon-Brookes is cofounder of collaboration software firm
Atlassian, based in Sydney.
·
He and co-CEO Scott Farquhar started the company soon after graduating
from college, funding it with credit cards.
·
Atlassian, which has no sales team, boasts NASA, Tesla and
SpaceX as customers.
·
In 2017 Cannon-Brookes started working with Elon Musk to bring
Musk's battery technology to southern Australia, which was suffering a power
crisis.
·
Cannon-Brookes has been a vocal advocate for reducing
Australia's reliance on fossil fuels, in favor of renewable energy sources.
5.Scott Farquhar
AGE:
40
SOURCE
OF WEALTH: software, Self Made
RESIDENCE:
Sydney, Australia
NET WORTH: $6.4B
·
Scott Farquhar is cofounder of collaboration software company
Atlassian, based in Sydney, Australia.
·
He and co-CEO Mike Cannon-Brookes started the company soon after
graduating from college, funding it with credit cards.
·
Atlassian, which has no sales team, boasts NASA, Tesla and
SpaceX as customers.
·
Farquhar is cofounder of Pledge 1%, which urges companies to
donate at least 1% of equity, employee time or products to charity.
· Farquhar and Cannon-Brookes are reportedly neighbors in Sydney, where they own the second-most and most expensive homes in Australia, respectively.
6.Andrew Forrest
AGE:59
SOURCE
OF WEALTH: mining, Self Made
RESIDENCE:
Perth, Australia
NET WORTH: $4.3B
·
Forrest started his first mining company, Anaconda Nickel (now
called Minara Resources) in 1994.
·
Nine years later, he founded Fortescue Metals Group, which mines
and ships iron ore to China.
·
Once Australia's richest man, his net worth peaked at $12.7
billion in June 2008 when Fortescue shares hit an all-time high.
·
He now also has farming interests to capitalize on China's
growing appetite for meat and dairy products.
· Regarded as Australia's biggest philanthropist, he made the country's largest-ever donation in 2019, gifting A$655 million to a variety of causes.
7.John Gandel
AGE:
86
SOURCE
OF WEALTH: shopping malls
RESIDENCE:
Melbourne, Australia
NET WORTH: $4.B
·
Gandel owns half of the southern hemisphere's largest shopping
mall, Chadstone, with more than 500 stores in eastern Melbourne.
·
He also has a big stake in listed property trust Vicinity
Centres, which owns the other half of Chadstone, plus other malls and outlets.
·
He first got rich by expanding his Polish immigrant parents'
clothing chain for women, Sussan, now owned by his niece, Naomi Milgrom.
·
But he made most of his wealth from the shopping malls he bought
from Myer department stores for $37 million in the 1980s.
· Gandel says the key to his success was the deregulation of shopping hours and shopping becoming a leisure activity.
8.James Packer
AGE:
53
SOURCE
OF WEALTH: casinos
RESIDENCE:
Los Angeles, California
NET WORTH: $3.6
·
Packer is the largest shareholder of Crown Resorts, which owns
casinos in Australia and London. He took over the empire of his late father,
Kerry.
·
Packer stepped down from Crown Resorts' board in March 2018.
Four months later, he resigned from the board of his family company,
Consolidated Press.
·
Packer's board exits were reportedly due to mental health
issues, following a tough year when Crown exited its Macau and U.S. gambling
investments.
·
Packer settled with his older sister Gretel in 2015, agreeing to
a division of assets 10 years after their late father's death.
·
Gretel, also a billionaire, boosted her fortune after reportedly
renegotiating the settlement with her brother in late 2017.
9.Lindsay Fox
AGE:
83
SOURCE
OF WEALTH: logistics, real
estate, Self Made
RESIDENCE:
Melbourne, Australia
NET WORTH: $3.5
·
Lindsay Fox owns Linfox, Australia's biggest private logistics
company, with more than 5,000 trucks across 10 countries in Asia Pacific.
·
The company also owns a large industrial property portfolio, a
half-share in a business park, two airports and currency-management outfit
Armaguard.
·
Fox is no longer involved in day-to-day operations, leaving
management to his son Peter, who is executive chairman and runs the logistics
business.
· His other sons Andrew and David run the property division and look after the airports respectively.
10. Kerry Stokes
AGE: 80
SOURCE OF WEALTH: construction
equipment, media, Self Made
RESIDENCE: Perth, Australia
NETWORTH: $2.9
·
Kerry Stokes took a winding path en route to earning a fortune
with his Seven Group Holdings, which has many media, construction and mining
assets.
·
Early in his life his mother gave him up for adoption, and he
later dropped out of school at age 14.
·
He started his career selling Caterpillar tractors and trucks in
Australia and eventually China, before moving into media with Seven Group.
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