The ''Financial Review'' Rich List 2020 is the 37th annual survey of the 200 wealthiest people resident in
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
, published by ''
The Australian Financial Review
''The Australian Financial Review'' (abbreviated to the ''AFR'') is an Australian business-focused, compact daily newspaper covering the current business and economic affairs of Australia and the world. The newspaper is based in Sydney, New Sou ...
'' in ''The Australian Financial Review Magazine'' on 30 October 2020.
The
net worth
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...
of the wealthiest individual,
Gina Rinehart
Georgina Hope Rinehart (née Hancock, born 9 February 1954) is an Australian mining magnate and businesswoman. Rinehart is the Executive Chairman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by h ...
, was 28.89
billion
Billion is a word for a large number, and it has two distinct definitions:
*1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English.
* 1,000,000,000,000, i.e ...
; while the net worth of the 200th wealthiest individual,
Nigel Satterley, was 540 million; up from 472 million for the 200th individual in 2019.
The combined wealth of the 200 individuals was calculated as 424 bn, an increase of 72 bn on the previous year;
[ compared with a combined wealth of 6.4 bn in 1984 when the ''BRW'' Rich 200 commenced.]Anthony Pratt Anthony Pratt may refer to:
* Anthony Pratt (businessman)
Anthony Joseph Pratt (born 11 April 1960 in Melbourne, Victoria), an Australian businessman and billionaire, is the Executive Chairman of Visy Industries and Pratt Industries in America, ...
was Australia's wealthiest individual, ranked third in the 2020 Rich List, after Andrew Forrest
John Andrew Henry Forrest (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining i ...
,[ Australia's wealthiest individual in 2008.]Harry Triguboff
Harry Oskar Triguboff (born 3 March 1933) is an Australian billionaire real estate development, real estate developer, and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry". ...
was Australia's wealthiest individual in 2016,
List of individuals
:
Removed from the 2019 list
The following individuals, who appeared on the 2019 ''Financial Review'' Rich List, did not appear on the 2020 list:
Notes
*: Individual was listed on a previous year's list, that was not the 2019 Rich List.
See also
* ''Financial Review'' Rich List
* ''Forbes Asia'' list of Australians by net worth
References
External links
*
{{Lists of Australian people by net worth, state=collapsed
2020 in Australia
2020
2020 was heavily defined by the COVID-19 pandemic, which led to global Social impact of the COVID-19 pandemic, social and Economic impact of the COVID-19 pandemic, economic disruption, mass cancellations and postponements of events, COVID- ...