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.

Australia’s Richest 250

Australia’s Richest 250

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.


The Rich List

2022 Australia’s 250 wealthiest individuals | The Rich List

50.


Tim Gurner

Gurner
$660 million

▲  Late last year Gurner announced plans to turn a Southbank hostel at 334 City Road into $250m apartment tower.

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

▲ BPM, alongside construction company Maxcon, delivered the 256-key $90 million hotel, being developed on behalf of Indian-listed Interglobe, early last year.


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

▲ Sydney developer, hotel and pub owner Sam Arnaout has tipped the red-hot Gold Coast apartment market to remain strong, unveiling two high-rise developments in the past year.


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

▲ Last year, Con Makris divested two shopping centres in Adelaide for a combined value of $110 million, winding back further his retail real estate footprint in the inner-city.


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

▲ Toga Group announced plans last year to build a 16-storey, $150-million development in the centre of Sydney’s Green Square Urban Renewal Area.


26.


Charlotte Vidor

Toga Group
$1.19 billion



25.


Ervin Vidor

Toga Group
$1.19 billion



24.


Justin Hemmes

Merivale Group
$1.31 billion

▲ Hemmes made his move into regional pubs, such as the Quarterdeck Hotel at Narooma on the NSW South Coast during the pandemic.


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

▲ Billionaire Sam Tarascio’s Salta Properties is planning a $1.2-billion industrial estate after acquiring a 123ha site in Melbourne’s outer south-east.


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

▲ Rapidly accelerating e-commerce demand helped propel Goodman Group’s full year results, booking a 15 per cent lift in profits to $1.22 billion, last year.


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

▲ In December, Meriton lodged plans for a dual tower development at Surfers Paradise comprising a 70-storey tower with 382 apartments and a 50-storey tower with 255 apartments.

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