24/03/2022 - 11:00

Rinehart, Forrest Australia’s richest

24/03/2022 - 11:00

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Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia’s wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.

Rinehart, Forrest Australia’s richest
Gina Rinehart has topped The Australian's rich list.

Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia’s wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.

Gina Rinehart led the pack with an estimated $32.6 billion valuation after her private company, Hancock Prospecting, amassed a staggering $7.3 billion profit as per its latest financial statements.

It is WA’s largest private company by far.

Iron ore mining business Roy Hill Holdings, which is held within the broader Hancock Group, posted $10.1 billion in annual revenue on the back of favourable commodity prices.

Followed closely behind was fellow magnate Andrew Forrest who was valued at $31.8 billion.

As previously revealed to Business News, Andrew and Nicola Forrest’s diversified investment company Tattarang reported the business’ annual revenue had increased to about $5 billion.

The main source of income is dividends paid by Fortescue Metals Group, courtesy of its 36 per cent shareholding in the iron ore miner.

Emerging on the list were Melanie Perkins and Cliff Obrecht, who founded startup turned multi-billion dollar business Canva in 2013.

The pair touted $15.9 billion valuations respectively.

At number three was Melbourne-born businessperson Anthony Pratt with $27.8 billion, followed by Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar as 4th and 5th with wealth of $26.20 and $25.99 billion.

The list was compiled by The Australian. 

 

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