south australia rich list 2022
The company, now valued at an eye-popping $3.5 billion, develops non-fungible token video games and operates ImmutableX, which builds NFT marketplaces for companies including TikTok, GameStop, Illuvium and EmberSword. Sector: Healthcare | Revenue: $13.3m | Last Years Ranking: 85. Renascor Resources explore, develop and evaluate mineral properties in Australia. List of richest countries in the world 2022: Top 10 richest countries in the world at a glance. This years edition of The List - Australias Richest 250 will show how mining and technology are now the countrys two most successful sectors. Established in 1984 when Fred Shahin purchased a small BP service station in Woodville Park, Peregrine is now the largest private company in SA with revenues approaching $3 billion in 2020-21. But they dont hold back when they are asked about their tips for staying fit. Sector: Financial | Revenue: $187m | Last Years Ranking: 2. The Detmold Group is a manufacturer of paper and board-based packaging products for a diverse range of customers. See how the race unfolded here. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. But NSWs most wealthy people still have plenty of cash to play with. Thomson Geer is a large corporate law firm with 560 staff in offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. The CEOWORLD magazine Rich List, published today, revealed 45 of Australia's wealthiest people . The Shahin family are South Australia 's wealthiest representatives on the inaugural edition of the The List Australia 's Richest 250, published in the Weekend Australian on Saturday. Has Aussie billionaire created the next tech unicorn? A high-stakes trial involving two billionaires and royalties from Rio Tinto iron ore mines is set to go ahead. In Australia, Pratt is already working on spending $2 billion on new clean energy plants and other initiatives such as increasing the recycled content of glass bottles. S&P 500 dips. Jonathan Hallinan, the developer behind Melbournes distinctive Shadow Play skyscraper, has died at 47 after a battle with cancer. South Australia is located in the south-central region of the country. A company founded and majority-owned by South Australians. Watch the video to see how the average Aussie plans to spend their net worth Frank Lowy - $9.27 billion. 16 in 2021. *combined with Cliff ObrechtThe darlings of the technology sector have fallen back to earth somewhat in the past year, with the value of their digital graphics business Canva slashed by investors by about one-third. America still leads the world, with 735 billionaires worth a collective $4.7 trillion, including Elon Musk, who tops the World's Billionaires list for the first time. Clean Seas is a commercial producer of kingfish and a pioneer in the countrys emerging aquaculture industry. Cannon-Brookes has ploughed much of the proceeds, which follow similar planned selldowns since Atlassian was floated on the NASDAQ in late 2015, into Sydney property and some into green-related investments. He also donated more than anyone else on the list, giving more than $109.6 million. NSW can claim the highest number of people from the list with 98 residents. Woolworths reports 8pc increase in sales. The Melbourne apartments developer says the top end of the market is holding up, but policies need to change or construction jobs will be lost. Please click below to help InDaily continue to uncover the facts. Yet as some make their way back, others tumble out in spectacular fashion. Sector: Packaging | Revenue: $544m | Last Years Ranking: 36. Sector: Building and construction | Revenue: $347m | Last Years Ranking: 35. Queensland retail couple Tah-nee and Simon Beard fail to make the list after taking equity in US-listed AKA Brands as part of the second tranche of their sale of Culture Kings. From mining magnates to technology leaders, healthcare pioneers and retail superstars, Australias richest women have made their mark this year. Here are the ones with the most at stake. There are13 debutantes on the 2022 Rich List, helping drive the total wealth of Australia's top 200 past half a trillion dollars to $555 billion, up from $480 billion in 2021, making the past year a record period for wealth creation. This list has been updated following the correction of an error made during data compilation. 2 / 10 1. Help using this website - Accessibility statement, Cost is the enemy: Brett Blundys road to Best & Less, Why Tania Austin wouldnt retire, even after pocketing $50m, Clive Palmer launches $300b claim against Australia, Rich Lister property developer dead at 47, Rich Lister among Tribe Brewing creditors owed $61m, Clive Palmer: I paid $19.5m Medicare levy for no bed, Virtual Gaming Worlds launches $251m buyback, no sign of IPO, Billionaire Bruce Gordon taps pub boom with Scarborough offering, This billionaire says the key to selling products is simple, Blackmores boss says the smart shopper is on the rise, Happy Feet creator dances on to Rich List after Netflix deal, How to avoid a Rinehart-style family trust dispute, The electric-vehicle retail strategy thats proving a winner, James Packer, Lloyd Williams lead tributes to David Hains, Ellison says MinRes takeover offer for Norwest is no brainer, Resources boom is great for Rinehart (and one high-school dropout), How to lose $2.1 trillion in a year: 12 bad months for billionaires, Rinehart loses latest round in royalties fight, Rineharts Hancock Prospecting records $5.8b profit, Rinehart reaps $2.3b dividend from Roy Hill, Rineharts Atlas Iron keeps up IR attack as it delivers $225m dividend, Rinehart warns of heat or eat choices as energy costs surge, McGowan taps mining giants for $1b community fund, Back to the drawing board for Macquarie (and Chanticleer), Young Rich List wealth takes $11b hit after tech plunge, Delivering connected digital government services, Why Amazon can afford to jack up Prime prices by 40pc. The rise in iron ore, property and solid gains in manufacturing and the fact that tech was still well up overall has widened the gap between the top of the list and the rest. Its not all work for the big players on The List: The Richest 250. The overall wealth of the 10 richest people represents 40 per cent of the record $554.9 billion held by this years Rich Listers. Pratt has a market share of about 7 per cent in America, where he has said steady growth is forever, but dominates the Australian industry. Despite the sell-off, the 2022 Rich List marks a record year for wealth creation. The face of philanthropy is changing, as wealthy donors draw on values often inculcated in them as children and align themselves with like-minded organisations. Business was different in those days, he says. That shows just how successful Farquhar has been as a technology entrepreneur alongside friend and business partner Mike Cannon-Brookes at software firm Atlassian. Silk began with one clinic in South Australia offering a range of cosmetic services, and now has locations across the country. Full list of names. Sector: Printing | Revenue: Undisclosed | Last Years Ranking: 82. By continuing to use our site you are agreeing to our, 81. The worlds biggest solar farm backed by Mike Cannon-Brookes and Andrew Forrest wins major project status from the Morrison government. Dennis Bastas points to his engineering brain and an appetite for discomfort to explain his extraordinary deal-making success. This is also known as Online Behavioural Advertising. Maggie Beer Holdings represent four brands of gifting, food and beverage products using Australian ingredients and materials that support local dairy farmers, fruit and vegetable growers. That should stand them in good stead, and their valuation is only falling in line with other tech firms. The list, compiled for InDaily by Adelaide financial services firm Taylor Collison, is the states most definitive guide to our top companies (scroll to the bottom of the page for eligibility criteria). Since 1870, the family business has processed wool and traded it across the globe. The Illawarra offering comes amid a boom in pub transactions across the country, an asset class which has surged in popularity as the nation emerged from two years of rolling pandemic lockdowns. If anyone can defy the doom and gloom forecasts for the property sector, it is Triguboff. The billionaire owner of Australias global success story had to get creative when his team hit massive issues getting toys from China. Sector: Building and construction | Revenue: $1.5b | Last Years Ranking: 7. Sector: Professional services | Revenue: $125m | Last Years Ranking: 57. The results have been startling. Haighs Chocolates creates Australian-made chocolates in Adelaide. The Fortescue billionaire chairman is richer than ever, but several other miners have also made big fortunes since March. Included in The List are 131 billionaires, 29 newcomers, and 30 women. The tech duo were, for a few months in late 2021, the richest in the land as a soaring Atlassian share price and a falling iron ore price caused a switch at the top since last Mays Rich List. This year, writers went behind the scenes and analysed the big themes that defined Australias year in business and beyond. The List Australias Richest 250 are worth a collective $532bn, The lowdown on the high flyers The List: Richest 250, Peter Cooper: the investor who looked inward, NSW rich list: Shake-up as billionaires fortunes take big hit, Crypto casino king joins Victorias top billionaires, Horse trainer-turned cattle baron leads NT richlist, When colossus Triguboff met precocious Gurner, Winners and losers of this years Richest 250, Ive never done a bad deal: Pharma king Bastas, Sheer scale of money flowing into Palmers coffers revealed, Why travels two-year blip is going to last four years, High stakes: The 10 billionaires to watch, Losing $200m no drama for Dicker Data founder, $100m aim for retails best kept secret, Richest 250 update: $40bn lost in six months, The $1bn ship that saved Christmas for Moose Toys, Newcomers: The 29 wealthy debutants making their mark, One service station was never going to be enough, Tech guru Richard Whites plan to give back, How snowmobile approach made Bonett a billionaire, How dark moments gave birth to vast Canva fortune, Gina Rinehart tops The List as NFT revolution takes off. Sector: Food and beverage | Revenue: $52.8m | Last Years Ranking: Unranked. Online gift card billionaire and commercial property magnate Shaun Bonett says there are very few people who invent things. Mining magnates and property barons are still doing well on The List, but technology titans like Mike Cannon-Brookes and Melanie Perkins are the big losers this year. See The Lists newest members. Sector: Financials | Revenue: Undisclosed| Last Years Ranking: 32. Scammers had already claimed $150k in her name, Centrelink payment boost for 227,000 Australians, Australias biggest fuel retailer 7-Eleven up for sale, 14 million jobs will be eliminated in the next five years, new report finds, Delete it immediately: Aussies warned over DHL email, Bucket list: The holiday experience you have to try before you die, Residents bizarre message to neighbours over house renovation divides internet, How much super you need to retire comfortably revealed. The more established players built wealth this year. See the new rankings. InDailys ranking of the states top 100 companies by market capitalisation and revenue covers the 2020-21 financial year. Hes spent $46m on yachts and $32m on private jets, as financial records show Clive Palmer reaped about $1bn in the past year. Heres why. But they were paid $2.7 billion in Block equity and, as such, about $1 billion has been wiped from their wealth, which falls more than 40 per cent to $1.52 billion each this year. The Best New Entrant Award was presented to business software company CAMMS, which debuted at No. Suburbs with highest-density of the painfully rich are: Toorak, 20, Point Piper, 12, Vaucluse, 11, and Mosman Park, 6. It has more than 3000 employees across about 150 OTR sites in the state. Lucas TCS is a privately-owned civil engineering and construction company, founded over 50 years ago which has worked with some of Australias leading mining and resource organisations. Creditors include four entities in billionaire Anthony Pratts Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. If Bevan Slatterys has big plans: to pull off what will be the largest private digital infrastructure project in Australias history. Andrew Forrest with a net . Guidera OConnor provides design and construction services to the Australian water industry. Sector: Infrastructure and transportation | Revenue: $240m | Last Years Ranking: 9. He used to work at Hungry Jacks. Matthews Hotels is a hospitality company that owns and operates a range of hotels in Adelaide, Mount Gambier and Whyalla. While he checks the share price most days, he says he cant get too worried about it. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 13. Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. Meet the 250 mining magnates, property kings, retail queens, manufacturing giants and technology titans in the countrys most extensive annual survey of wealth. Adbri is a construction materials and lime producer, established in 1882, with approximately 1400 employees and operations in every state and territory in Australia. WiseTech co-founder Richard White managed an exquisitely timed equity sell-down by offloading a parcel of shares just as they raced to a record $60. Pratt owns Pratt Industries in the US and shares ownership of Visy in Australia with sisters Fiona Geminder and Heloise Pratt. Camms offer business software with integrated solutions for projects and strategy to help clients manage risk and optimise organisations. But what really excites the Decjuba founder is her ambition to change millions of lives. journalism, This site is protected by reCAPTCHA and the Google, Media diversity is under threat in Australia nowhere more so than in South Australia. Meet Laurence Escalante, the the fast car-obsessed thirtysomething now worth more than $2b is proof that videogaming does pay | THE LIST: Australias Richest 250. 134, created crypto platform Immutable in 2018. Venross operate as a retail and entertainment wholesaler, VR Distribution, selling merchandise including board and card games and collectibles. Last year, Larry Diamond was sitting on a $598 million treasure trove, riding high on a global expansion of his Zip Co. Now he is in the crosshairs of the markets evisceration of the buy now, pay later sector. But the tech sector was later sold off and the iron ore price rebounded. Sector: Retail and fuel | Revenue: $2.9b | Last Years Ranking: 5. Queensland billionaire Clive Palmer owns dozens of mansions on the Gold Coast and plenty of gold. Thats boosted Cannon-Brookes fortune to $27.83 billion, up from $20.18 billion. Construction of the project is expected to begin this month following a $116 million capital raise earlier this year, which has helped increase the Adelaide-based companys market capitalisation at the end of September to more than $600 million. South Australia's top 100 companies: The full list for 2021 - InDaily Today we reveal the top 20 companies in InDaily's South Australian Business Index - our annual review of the top private and public companies in the state - and the winners of the four awards categories. Hi there, welcome to your account and your subscriber benefits, The List is the biggest annual study of Australia's 250 wealthiest individuals undertaken in this country. Weeks Group is a residential builder in South Australia and Victoria. That has all now been paid off, and Rinehart and her partners are reaping the rewards. Billionaire investor Alex Waislitz has up to six unlisted companies in his portfolio that he believes are headed to public markets. While the last year brought money woes for many Australians, wealth surged for others, as the list welcomed a record 29 new names to the list. Alcidion Group Limited is a health informatics company providing clinicians with decision support tools. *KIPT has changed its name to Kiland since this list was originally published, Sector: Infrastructure and transportation | Revenue: $60.7m | Last Years Ranking: 80. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: Unranked. 51 on the list this year. Wallbridge Gilbert Aztec is an engineering and project management firm offering consulting services, including structural, civil, maritime, mechanical, geotechnical, heavy lifting, temporary works, project management, electrical and pressure vessels. The company has maintained the rage over the Labor governments industrial relations changes while handing down a huge return for billionaire Gina Rinehart. Sector: Hospitality | Revenue: $56 million | Last Years Ranking: Unranked. RBA expected to hit pause. Atlassian shares surged for years, but have plunged in the last 12 months along with most other tech stocks. Rex Minerals Limited is a mineral exploration and development company. To put that in perspective, the average Australian is worth roughly $522,032, so a combined net worth of the same sized group would be about of $130.5 million. Though he turned 90 in early March, he shows little signs of slowing down. Billionaire Clive Palmer says he is paying bucket loads of tax after pocketing hundreds of millions of dollars in dividends from Mineralogy. The rise in iron ore, property and solid gains in manufacturing and the fact that tech was still well up overall has widened the gap between the top of the list and the rest. The differences between Andrew Forrest and Gina Rinehart on energy shine a light on the dilemma facing a nation blessed with oil, gas, and the sun and winds needed for renewables. He remains Glencores biggest individual shareholder, with its rising share price accounting for his increased wealth this year. Sector: Building and construction | Revenue: Undisclosed | Last Years Ranking: 51. Atlassian shares slumped more than 46 per cent from their peak in October last year but, as at April, they were still trading above where they were a year ago. The Sydney bar tsar reveals what his plans are for expanding his empire beyond his home turf. Adelaide Airport is the fourth-largest domestic airport and sixth-largest international airport in Australia, processing more than 7.7 million passengers annually. Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimers disease. The List: Richest 250 editor John Stensholt takes us behind the scenes of the rich list to talk about the big personalities who dominate the headlines. Ian Malouf, Australias richest garbo, has traded bins for fancy boats, but even he with his billion-dollar personal fortune has suffered bill shock at the expense of living afloat. Perkins and Obrecht, who met at university and married two years ago, formed Canva in 2012 and remain at its helm. Forget fast cars, super yachts or luxury houses. Combined, the businesses have more than $10 billion in annual revenue. Gina Rinehart tops the 2022 Financial Review Rich List for a third consecutive year, withstanding a challenge for pole position from the co-founders of Atlassian, Mike Cannon-Brookes and Scott Farquhar. If the Rich List was published today, Mrs Rinehart and Dr Forrest would have their noses in front, with Dr Forrest's wealth sitting at an estimated $28.1 billion, just ahead of Mr Cannon-Brookes . Sparc Technologies Ltd develops innovative graphene-based technology solutions. The total valuation of Australia's 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list . The billionaire still has more than $3bn of property assets after converting a sheep paddock into a huge office precinct. It has been another big year for Rinehart, who maintains her number-one position on the Richest 250. Follow updates here. Clive Palmer is nearly doubling his wealth for a second year in a row, the mining giant now valued at $18.35 billion. Havilah Resources engages in the exploration of gold, base metals, and other mineral deposits in Australia. Billionaire Alexandra Burt fell in love with the magic of ballet at five years old; now shes among our most generous arts donors. For the top 10 richest Australians for 2022, scroll below. Not only that, but Australia now has a massive 131 billionaires. Two things Richest 250 members have in common, Rinehart tops Richest 250, Canvas Perkins the big mover, The Australian brings you the countrys richest as NFTs, Simple lessons in David Dickers 25-year overnight success, Cars and politics fuel Clive Palmers passion play, High flyers: Private jets the new toy of choice, Richest 250 recast: Young tech stars topple old guard, Helping other tech unicorns find their feet, Packer $400m richer by lunch, but sliding down Richest 250 list, How our biggest names thrived during the pandemic, Millionaires secret to picking right stocks. But he once tried to join the Army, which would have meant Australias biggest tech company may not have been born | THE LIST: Our richest 250. Sector: Building and Construction | Revenue: $100 million | Last Years Ranking: Unranked. Chris Ellisons Mineral Resources is talking up its takeover bid for Norwest Energy as Gina Rinehart continues to slug it out with Strike Energy in the battle for Warrego. Sector: Building and construction | Revenue: $470.3m | Last Years Ranking: 40. If you are applying for South Australian state nomination for a 190 or 491 visa, you will need to see if your occupation is available on South Australia's Skilled Occupation List. Racing SA is the controlling body for horse racing in South Australia. Companies owned in part or whole by government, government agencies and organisations, and registered charities are not eligible. Most Rich Listers live in NSW (79), followed by Victoria (60) and Queensland (19). Australian Vintage Limited is a leading Australian wine company with a fully-integrated wine business model including vineyards, boutique and bulk wine production, packaging, marketing and distribution. Independent Pub Group Holdings operates licensed hotels and retail liquor outlets in South Australia. The past years have been tough for most, but exponentially profitable for others. Parafield Airport is South Australias premier general aviation airport and is a major world-standard international training airport. Andrew Forrest - $31.77 billion (up from $29.61 billion) 4 / 10 3. Beach has a core focus on the resource-rich Cooper Basin. 10. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 23, Drakes Supermarkets is the largest independent grocery retailer in Australia, Sector: Food and beverage | Revenue: $280m | Last Years Ranking: 22. Sector: Food and Beverage | Revenue: $274m | Last Years Ranking: 48. Some of the states richest residents have seen their net worth plummet as varying forces wreck havoc on their bottom line. Importantly, the report reveals that wealth in Australia has surged, with a record 29 new names making the list this year, the youngest of which being Afterpay guru Nick Molnar, who at just 32-years . Melanie Perkins, 34, and Cliff Obrecht 36, have a combined net worth of $15.89 billion. The business made a $450 million pre-tax profit in 2022. Asia Pacific near the bottom when it comes to climate readiness: What can be done? All but a handful still actively work in the businesses that have generated their wealth. Robern Menz is a confectioner with products including FruChocs and Violet Crumble. Farquhar also has dozens of tech startup investments along with a considerable Sydney property portfolio. Updated Oct 28, 2022 - 8.46am, first published at Oct 27, 2022 - 5.45am. There is, of course, a more traditional way to make plenty of money: property. In 2017, Land Services SA was appointed as the exclusive provider to the State Government for a range of land services and property valuation services, previously provided through the public agencies, the Lands Titles Office and State Valuation Office. Small-cap stock guru David Paradice sold out of headline maker GameStop late last year, potentially missing out on a billion-dollar position, but he says hes still sleeping well at night. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. There are a record 137 billionaires in Australia, up from 111 last year. Young Rich List wealth takes $11b hit after tech plunge. That should stand them in good stead, and their valuation is only falling in line with other tech firms. Thirty-two years after founding their eponymous label, sisters Nicky and Simone Zimmermann have reaped the rewards of putting Australia on the international fashion map. The uninitiated in takeaway food are now using it and dont want to get out of their cars boosting the cornerstone business of the Jack Cowin empire. Duxton Broadacre Farms offers investors a diversified portfolio of Australian farms. Australias biggest names in buy now, pay later, Nick Molnar and Anthony Eisen, managed to pass on the baton of woe to new owner Block, by selling their company in the countrys biggest M&A deal. Peter Cochrane Management (Cochranes Transport), 62. GPA Engineering is a multidisciplinary engineering and management firm. Mark Riley and Ailish Delaney / Centrelink. Take our quiz and find out what kind of billionaire youll be when you strike it rich. Elixir Energy is a gas exploration and development company focused on exploring Mongolia for natural gas. Hains, who died on Sunday morning aged 92, has been remembered by his family and fellow Rich Listers for both his self-made business success, and personal warmth. So who has bought one? Cannon-Brookes has made plenty of headlines for his renewable energy pursuits, all while the share price of his software firm Atlassian has fallen markedly in the past year. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australias most wealthy people, up from $470.07 billion in 2021. Palmer announced in January he was selling his Queensland Nickel refinery in Townsville for $1.5 billion to the little-known Swiss-based firm Zero Carbon Investek. Thomas Foods International is Australias largest 100 per cent family-owned meat-processing company. Alice Car Centre is an entity of the Peter Kittle Motor Company, which runs a series of automotive dealerships. The average age of members is 65, with 98-year-olds Len Ainsworth (Aristocrat Leisure and Ainsworth Game Technology . Meet the little-known powerhouse behind Australias burgeoning e-commerce industry. The data,. Flight Centre boss Graham Turner is optimistic about the recovery of the wider publics travel habits even if he believes it will take some time to get back to pre-Covid levels.
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