Top 10 Richest People In Australia 2011, Top Ten Best Australia’s Richest People 2011

Top 10 Richest People In Australia 2011, Top Ten Best Australia’s Richest People 2011 

1. Georgina Rinehart

Net Worth:$9 billion

Fortune: Inherited and Growing

Source: Mining entrepreneur,Chairman of Hancock Prospecting

Age: 56
Country Of Citizenship: Australia
Residence: Perth
Marital Status: Widowed, 4 children

Gina Rinehart is the daughter of mining magnate Lang Hancock. In 2011 Forbes Asia named her as Australia’s richest person, with a net worth of $9bn, a rise of $7bn from the previous year. High iron ore prices and rising exports to China more than quadrupled her fortune, but it was domestic issues that put her in the headlines.Gina inherited her father’s mining company after a 14-year battle with her stepmother.

 

2. Andrew Forrest

Net Worth: $6.9 billion

Source:Mining entrepreneur,Chairman and CEO, Fortescue Metals Group

Age:49
Marital Status:Married, 3 Children

Andrew Forrest also known by his nickname “Twiggy” plans to start devoting his life to charity put on hold, especially after move to find jobs for 50,000 Aborigines fell flat. A proposed mining tax saw him emerge as an outspoken champion of the industry, challenging the government at public meetings from the back of a flatbed truck. Also returned to full-time involvement with his Fortescue Metals Group.

3. James Packer

Net Worth: $4.4 billion

Source:Media
Age: 43

Marital Status: Married, 2 Children,Indigo and Jackson

Australian businessman and the son of the late media mogul Kerry Packer and grandson of Frank Packer.The Packer name had been linked to free-to-air television in Australia for decades, but he appeared to abandon the sector to concentrate on his Crown gaming company. Then in October he shocked the market by buying a $280 million stake in broadcaster Ten Network—selling half to Lachlan Murdoch soon afterward—and getting a board seat.

4. Frank Lowy

Net Worth: $4.3 billion

Source:Retailing,Westfield Group
Age :80
Marital Status: Married, 3 Children

Australian-Israeli Czech-born, he fled postwar Europe and started 50 years ago with a delicatessen in Sydney. Today his Westfield Group owns 119 malls in Australia, New Zealand, the U.S. and the U.K. He’s locked in a fierce battle with U.S. tax authorities over his alleged misuse of a Liechtenstein tax haven. Sons Steven and Peter are in the business and son David runs the family’s private hedge fund

5. Harry Triguboff

Net Worth: $3.4 billion

Source:  Real Estates,Property developer
Age: 77
Marital Status: Married, 2 Children
One of Australia’s largest apartment builders, his privately owned Meriton owns and manages 4,000 apartments, and he’s one of the country’s biggest owners of tourist accommodations. A good sport, he was shadowed last year by 3 young businesspeople, the winners of a magazine’s “Win a Week With a Billionaire” contest.

6. John Gandel

Net Worth: $3.3 billion

Source:Real Estates,Retailing-Chadstone
Age :76
Marital Status: Married, 4 Children
The reclusive Gandel is best known as the half-owner of Australia’s biggest shopping mall, in the Melbourne suburb Chadstone. Joined his family’s women’s clothing chain, Sussan, in the 1950s and later sold it to focus on property development. Donated $7 million to the National Gallery of Australia last year.Gandel inherited much of his estate from his Polish-immigrant parents

7. Anthony Pratt

Net Worth: $2.7 billion

Source:CEO of Pratt Industries and Group Deputy Chairman of Visy Industries
Age: 50
Marital Status: Single, 1 Child
Late father, Richard, built Visy Industries into a paper-and-packaging giant. Investment arm Thorney Investments owned and run by sister Heloise and her husband. Industrial packaging business Pact Group owned by sister Fiona and her husband. Family hit the headlines last year when the father’s mistress and a former escort-service worker launched legal claims against the estate

8. Kerr Neilson

Net Worth: $2.4 billion

Source:Funds Manager,Platinum Asset Management
Age: 61
Marital Status: Married, 2 Children
Neilson was born in South Africa, he bought his first stock at age 13. Cashed out part of stake in his Platinum Asset Management in a well-timed offering in 2007; still owns 57%. Artist wife, Judith, runs the White Rabbit Gallery in Sydney, showcasing one of the world’s largest collections of contemporary Chinese art.

9. David Hains

Net Worth: $2 billion

Source:Retail,Manufacturing, Engineering and Property
Age: 80
Marital Status: Married, 5 Children
The veteran investor has run investment vehicle Portland House Group for decades. While it’s previously owned businesses in retail, manufacturing, engineering and property, it now concentrates on funds management, with the bulk of its portfolio invested outside Australia.

10. Kerry Stokes

Net Worth:$1.9 billion

Source: Mining,Property and Construction equipment
Age:70
Marital Status: Divorced, 4 Children
Strong demand for industrial and mining equipment in China and Australia, plus a rise in advertising, made him a billionaire once again. He’s the top private buyer of Victoria Crosses, acquiring 3 of these rarely seen Australian military awards at prices up to $1.2 million each and donating them to the Australian War Memorial.