The richest Australians of 2025, ranked
Australia's 2025 rich list is evidence of a dynamic shift, with tech entrepreneurs and new billionaires rising alongside the established mining magnates
By Cayle Reid
THE RICHEST AUSTRALIANS of 2025 are a reflection of a nation in transition. The traditional industries that earn our richest citizens their fortunes (mining, property and retail) are being challenged by tech innovators, financial investors and green energy pioneers.
What’s striking about this year’s rankings isn’t the staggering net worth figures (but they are indeed mouth-watering), it’s the shifting sources of wealth. The list features a blend of old and new money, with some billionaires choosing to put their riches into benevolent enterprises and others choosing to keep it to themselves. Established family empires are holding firm, but a handful of entrepreneurial newcomers have arrived, and they’re keen to carve out their own slices of Australia’s economic pie.
Here, using data gathered by Forbes and the Australian Financial Review, we break down who can call themselves one of the richest Australians of 2025, how they earned their billions, and what their fortunes say about the changing face of Australian wealth.
All figures are estimates only, have been converted to AUD and are accurate as of June 17, 2025.
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Who are the richest Australians in 2025?
10. Ivan Glasenberg
Net worth: $13.30 billion
Born in South Africa, Glasenberg is also a citizen of Australia and Switzerland. He joined mining firm Glencore in the ’80s and rose through the ranks to become CEO in 2002. He retired in 2021, but he remains the company’s largest shareholder. That, along with some other smart investments in real estate, means Glasenberg has plenty of cash to splash in retirement. He certainly won’t be needing the pension.
9. Michael Dorrell
Net worth: $13.85 billion
Stonepeak co-founder Michael Dorrell has largely flown under the radar until recently, when the scale of his fortune was revealed. Dorell has built New York-based infrastructure investment firm Stonepeak into a juggernaut, with sizeable shares in the natural gas, telecommunications and aged care industries.
8. Melanie Perkins
Net worth: $14.14 billion
The youngest person on this list at just 38 years of age, Melanie Perkins is best known for co-founding Canva. She maintains an 18 per cent share in the company, which has come a long way since it was first created in Perth in 2012. Canva is currently on the path to a public listing in the lucrative United States market, which could see Perkins’ wealth skyrocket.
7. Andrew Forrest
Net worth: $16.1 billion
Andrew Forrest founded Fortescue Metals in 2003. It’s now an iron ore giant which is transitioning into green energy. He also bought Australia’s biggest wind energy company in 2022. Since the Russian invasion of Ukraine in 2022, Forrest has pledged to spend $750 million on rebuilding Ukraine’s energy and communications infrastructure.
6. Mike Cannon-Brookes
Net worth: $18.3 billion
One half of the duo behind global collaboration software firm Atlassian, Mike Cannon-Brookes began his road to riches right after college by co-founding Atlassian with credit cards. Luckily for him, the gambit paid off and he was able to pay off that credit card debt and then some. Cannon-Brookes is probably a little further down this list than you’d expect. That’s because he and his wife divorced in 2023, which lost Cannon-Brookes a chunk of his net worth.
5. Clive Palmer
Net worth: $20.12 billion
Starting a new political party, running endless television ads and sending countless unsolicited text messages every election cycle doesn’t come cheap. But clearly, Clive Palmer can afford it. Palmer spent $90 million on advertisements during the 2025 federal election, but even though softening iron ore prices have shrunk the fortune of the mining magnate, he still has plenty more to spend during the next election.
4. Scott Farquhar
Net worth: $21.42 billion
The other half of the Atlassian duo, Scott Farquhar founded the company alongside Mike Cannon Brookes. While he recently stepped down from his position running Atlassian, Farquhar quickly landed a sweet new gig as the chair of the Tech Council of Australia and still has a mountain of Atlassian shares.
3. Anthony Pratt
Net worth: $25.84 billion
You might recognise Anthony Pratt from the 2025 Met Gala, where he dressed in a Riddler-esque suit plastered with recycling logos. The styling choice was a nod to Pratt’s packaging and recycling business, Visy. He also owns the US-based Pratt Industries, the biggest manufacturer of corrugated cardboard in the United States.
2. Harry Triguboff
Net worth: $29.65 billion
The head of the Meriton property empire, Harry Triguboff is one of Australia’s greatest come from nothing success stories. Raised among the Russian Jewish community in Dalien, China, Triguboff moved to Australia in 1948 with his family to escape a rise in anti-semitism. He attended Scots College in Sydney, and took on his first business venture in owning a taxi fleet. In 1963, he founded Meriton, a business that has since built 79,000 apartments across Australia and earnt Triguboff the nickname ‘high-rise Harry’.
1. Gina Rinehart
Net worth: $38.11 billion
Gina Rinehart is Australia’s richest citizen. Rinehart took over her dad’s company, Hancock Prospecting, as executive chairman in 1992 and turned it into a powerhouse. Hancock is now Australia’s largest private mining company, specialising in iron ore. Rinehart is also the nation’s second largest producer of cattle. Her net worth has taken a hit over the last year, however, with falling iron ore prices wiping $2 billion from her wealth.
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