PHOTO: Australia’s Rich List
Property continues to be the main driver for wealth in this year’s The Australian Rich List, with one quarter of Australia’s 250 richest people reaping their rewards from construction, development and property asset management.
The list, which was released today as part of an insert in The Australian, features bullish pub baron and Merivale chief executive Justin Hemmes on its cover.
The celebrity publican’s balance sheet ballooned over the last 12 months following a $200 million-plus buying spree of pubs in Sydney, regional NSW and Victoria.
The total wealth on the 2022 list hit a combined $520.20 billion, a 10 per cent increase on the previous year’s haul, with the average wealth sitting at $2.08 billion.
The highest money-making sectors from the list are property with 70 rich listers split between property and construction.
Unsurprisingly, Meriton chief executive Harry Triguboff was placed sixth on The List, with wealth of $20.81 billion, to be the richest of Australia’s “property players”.
Take a look at the fifty highest ranking property moguls from this year’s list.
50.
Tim Gurner
Gurner
$660 million
49.
Paul Blackburne
Blackburne
$672 million
48.
Michael Buxton
MAB Corporation
$722 million
47.
Andrew Buxton
MAB Corporation
$722 million
46.
Harry Stamoulis
Harry Stamoulis and family
$752 million
45.
Jonathan Hallinan
BPM Corp
$764 million
44.
Nick DiMauro
The DiMauro Group
$835 million
43.
Larry Kestelman
LK Group
$847 million
42.
Andrew Roberts
Multiplex
$856 million
41.
Lloyd Williams
Crown Casino and Entertainment Complex
$868 million
40.
Nick Andrianakos
Nick Andrianakos and family
$896 million
39.
Junhui Lin
Aqualand
$908 million
38.
Shangjin Lin
Aqualand
$908 million
37.
Sam Arnaout
Iris Capital
$912 million
36.
Max Beck
Beck Corporate
$922 million
35.
Kevin Seymour
Kevin Seymour and family
$950 million
34.
Arnold Vitocco
Vitocco Enterprises
$1 billion
33.
Denis Wagner
Wagner
$1 billion
32.
Con Makris
Makris Group
$1.03 billion
31.
Nechema Werdiger
Juilliard Corporation
$1.05 billion
30.
Chris Morris
Colonial Leisure Group
$1.09 billion
29.
Theo Karedis
Arkadia
$1.14 billion
28.
Sandy Oatley
Balmoral Australia
$1.15 billion
27.
Ervin Vidor
Toga Group
$1.19 billion
26.
Charlotte Vidor
Toga Group
$1.19 billion
25.
Ervin Vidor
Toga Group
$1.19 billion
24.
Justin Hemmes
Merivale Group
$1.31 billion
23.
Raymond Barro
Barro Group
$1.41 billion
22.
Tony Perich
Greenfields
$1.48 billion
21.
Arthur Laundy
Laundy Hotels
$1.48 billion
20.
Peter Gunn
PGA Investments
$1.47 billion
19.
Gordon Fu
Yu Feng Shopping Centres
$1.51 billion
18.
Jack Lin
Yu Feng Shopping Centres
$1.51 billion
17.
Sam Kennard
Kennards Self Storage
$1.52 billion
16.
Terry Snow
Capital Airport Group
$1.74 billion
15.
Ye Lipei
Super Ocean Group
$1.75 billion
14.
Sam Tarascio
Salta Properties
$1.78 billion
13.
Shaun Bonett
Precision Group
$1.8 billion
12.
Bob Ell
Leda Holdings
$1.81 billion
11.
Maha Sinnathamby
Springfield City Group
$1.91 billion
10.
Michael Hodgson
PPM Group Australasia
$2.08 billion
9.
Marc Besen
Marc Besen and family
$2.44 billion
8.
Bruce Mathieson
Australian Leisure and Hospitality
$2.5 billion
7.
Maurice Alter
Pacific Group
$2.62 billion
6.
Hui Wing Mau
Shimao Property Holdings
$2.94 billion
5.
Greg Goodman
Goodman
$3.52 billion
4.
Chau Chak Wing
Kingold Group
$3.74 billion
3.
Lang Walker
Walker Corporation
$5.03 billion
2.
John Gandel
Gandel Group
$5.05 billion
1.
Harry Triguboff
Meriton
$20.8 billion
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