Property continues to be the main driver for wealth in this year’s record-breaking Financial Review Rich List featuring 200 of Australia’s wealthiest people, 91 of whom are in the billionaires club.
Property dominated this year’s list contributing 63 members responsible for the biggest development projects around the country.
Manufacturing and recycling magnate Anthony Pratt continues to hold on to the top spot, with an estimated wealth of $15.57 billion, an increase of 20.7 per cent on last year’s earnings.
Iron ore miner Gina Rinehart is second, with wealth of $13.81 billion, followed by Meriton chief Harry Triguboff who has defied the property slowdown to bolster his wealth by six per cent to $13.54 billion.
Hong Kong-based property developer Hui Wing Mau is in fourth spot, joining the elite “ten-digit club”, those with wealth exceeding $10 billion.
Take a look at the ten highest ranking property moguls from this year’s list.