Entrepreneur Vikas Rambal's $4.4 billion fortune leads a group of dozens of new names to be recognised for their wealth generation in the inaugural Business News Rich List.
Resources billionaire Gina Rinehart has been named Australia's wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.
PERTH businessmen Michael Hodgson is investing in significant property developments that include building a new tavern and bottle shop, the acquisition and refurbishment of the Riverton Gardens Hotel and a possible retail development.