BRW Rich 200

Melbourne businessman Anthony Pratt has been named by BRW as Australia’s richest man with a quoted wealth of $7.67 billion.  Pratt’s family is included in the figure.
Here are the facts and figures. Jewish members are boldfaced.

Charlotte Vidor and Naomi Milgrom  make the top five women’s list.

Gina Rinehart remains the richest Australian – topping the 2014 BRW Rich 200 list.

• # 2 is Anthony Pratt and family, and # 3 James Packer
• Total wealth of the Rich 200 is up $16.81 billion to $193.61 billion.
• The average wealth per person on the Rich 200 rises to $968 million, up from $884 million last year.
• Without Rinehart the average wealth is $872 million, up from $778 million a year ago.
• Some of the people who dropped off the 2014 BRW Rich 200 list did so because they were unable to reach the higher $250 million cut-off, which is up $15 million on last year.
• Clive Palmer’s wealth has tumbled by $1 billion down from $2.2 billion last year to $1.2 billion on this year’s BRWRich 200 list.
• The 2014 BRW Rich 200 documents the rise of technology entrepreneurs, including two 34-year-old billionaires in Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar
• There are 14 women on the 2014 BRW Rich 200, the same figure as last year
• 20 BRW Rich 200 members live overseas

Gina Rinehart falls by $2.01 billion to $20.01 billion, due to a fall in the iron ore price and price earnings ratios of key competitors. Rinehart’s wealth may fall in the short-term due to continued weakening of iron ore but should rise again soon. The completion of the debt financing package means that her wealth should rise strongly in 2015, when it is expected that her Roy Hill project will start shipping ore.

Anthony Pratt and family move in second spot after a $1.7 billion rise in their wealth. It has been a big 12 months for the family. Anthony’s US-based business, Pratt Industries, continues to grow strongly and his brothers-in-law Raphael Geminder and Alex Waislitz have been busy listing their businesses on the ASX.

James Packer is another to enjoy strong growth to his wealth. The Crown Resorts chairman has lifted his wealth on the back of Crown’s rising share price. His divorce in September last year to Erica Baxter is believed to have carved up to $100 million from his net wealth but Crown’s strong performance and some well-timed share sales (including Seek and Magellan) have meant that his wealth has continued to grow.

Fourth ranked Frank Lowy has grown his wealth by $288 million, despite criticism of his planned

restructure of Westfield. Lowy is understood to have more money invested with his private investment company LFG Holdings than Westfield Corporation and Scentre Group.

Swiss-based Ivan Glasenberg rounds out the top five. The Glencore chief executive lifted his wealth by $1.01 billion on the back of Glencore’s rising share price.

The highest ranked debutant is Chinese-Australian entrepreneur Huang Bingwen, aged 60 with wealth of $1.26 billion. He is the chairman of Shantou Dongfeng Printing, which makes paper packaging for tobacco products, wine and cosmetics.

Another notable debutant is online retail entrepreneur Ruslan Kogan. At 31 he is as old as the BRW Rich List and reaches position 162 on the list with wealth of $320 million.

There are 39 billionaires on this year’s list – the most ever. They include 34 year olds Mike Cannon-Brookes and Scott Farquhar. They are the founders of software company Atlassian and are worth a combined $2.1 billion. Their rise is due to a recent minority investment in their company. They debuted on last year’s Rich 200, when they were worth $250 million each.

Five members worth a combined $6.2 billion died during the past 12 months. They are Len Buckeridge, Cyril Maloney, Paul Ramsay, Graeme Acton and Ian Norman.

Bob Bryan, Russell Staley and Graeme Wood also exit the list. They depart due to the rise in the cut-off from last year’s $235million to $250 million.

Property remains the dominant sector. Of the 200 people on the list, 52 make most of their money in the property sector. Technology is the big riser and provides debutants including Freelancer’s Matt Barrie and 30-year-old Owen Kerr from foreign exchange trader Pepperstone.

 

Top 5

Name	WEALTH ($m)	INDUSTRY
Gina Rinehart	$20,010	Resources
Anthony Pratt & family	$7,642	Manufacturing, Investment
James Packer	$7,186	Entertainment (Gaming), Investment
Frank Lowy	$7,158	Property, Investment
Ivan Glasenberg	$6,629	Investment

 

States

List Members by State	2014
New South Wales	62
Victoria	63
Queensland	29
Western Australia	16
Overseas	20
South Australia	7
Tasmania	2
Australian Capital Territory	1

 

Industries

INDUSTRY	NUMBER
Property	53
Services	27
Retail	25
Investment	23
Resources	18
Technology	11
Rural	11
Manufacturing	10
Entertainment	5
Media	5
Transport	5
Construction	2
Telecommunications	2
Biotechnology	1
Energy	1
Wholesaling	1

 

TOP 5 WOMEN

Gina Rinehart – $20.01 billion

Vicky Teoh – $2.00 billion

Angela Bennett – $1.54 billion

Charlotte Vidor  – $740 million

Naomi Milgrom – $520 million

 

TOP 5 MEN

Anthony Pratt & family – $7.64 billion

James Packer – $7.19 billion

Frank Lowy – $7.16 billion

Ivan Glasenberg – $6.63 billion

Hui Wing Mau – $6.35 billion

 

OVERSEAS TOP 5

Ivan Glasenberg – $6.63 billion (Switzerland)

Hui Wing Mau – $6.35 billion (Hong Kong)

Michael Hintze – $1.37 billion (London)

Huang Bingwen & family – $1.26 billion (China)

 

DEATHS (2013 Wealth included)

Len Buckeridge – $2.10 billion (Aged 77)

Cyril Maloney – $370 million (Aged 93)

Paul Ramsay – $2.70 billion (Aged 78)

Graeme Acton – $335 million (Aged 63)

Ian Norman – $735 million (Aged 75)

 

DROP-OFFS (2013 Rank)

Bob Bryan (197)

Russell Staley (195)

Graeme Wood (163)