The richest person in Australia is mining magnate Gina Rinehart, who has topped the Australian Financial Review (AFR) Rich List for several consecutive years, with an estimated net worth of around $38.1 billion as of 2025, primarily from her company Hancock Prospecting, though figures fluctuate with market prices like iron ore.
Australia's richest people in 2025, led by Gina Rinehart (Mining), include tech billionaires Mike Cannon-Brookes & Scott Farquhar (Atlassian), property mogul Harry Triguboff, and manufacturing magnate Anthony Pratt, with Melanie Perkins & Cliff Obrecht (Canva), Andrew Forrest, Clive Palmer, Nicola Forrest, Kerry Stokes, and Frank Lowy also featuring prominently, reflecting dominance in resources, tech, and real estate.
Australia has a growing number of billionaires, with figures from mid-2025 indicating around 161 to 170 billionaires, a significant increase from previous years, with Gina Rinehart often listed as the wealthiest, according to reports from 9News, Forbes and Oxfam Australia.
Gina Rinehart got rich by inheriting her father's mining company, Hancock Prospecting, and transforming it into a mining giant, primarily by developing the massive Roy Hill iron ore mine, leveraging booming demand from China, and strategically expanding into other sectors like agriculture, energy, and critical minerals. She built on her father's legacy by securing key tenements and using joint ventures to finance huge projects, making her family's company incredibly valuable.
Top 10 richest people in the world, as of January 2026:
Elon Musk could become the world's first trillionaire, even without the new Tesla pay package. It can be hard to understand Elon Musk's reality—especially as he appears to be on track to become the world's first trillionaire this year.
The richest country by GDP (PPP) per capita is often cited as Singapore, followed closely by Luxembourg, depending on the specific report and year, with Singapore leading in 2025 estimates with around $156,000-$157,000 per person, while Luxembourg is a strong contender just below that, highlighting small, finance-heavy economies as wealthiest per person.
Jindabyne has the capacity to run 3500 breeding cows and will be integrated into the expanding Kidman Premium Wagyu operation. Ms Rinehart owns a 67 per cent stake in S. Kidman & Co, with China's Shanghai CRED owning the remaining 33 per cent share.
If we only look at full time workers, the middle income was around $83,000 a year in 2024. For part time worker, more likely to women, the middle was closer to $40,000 a year. If you earn more than $180,000 a year, you earn more than 95 out of 100 workers in Australia, 95% of workers earn less than that.
While exact real-time figures vary, estimates from around 2025 suggest approximately 400,000 to over 500,000 Australians held over $1 million in superannuation, with about 2.5% of the population reaching this milestone as of mid-2021, a figure that has likely grown with strong investment returns, though many more hold significant balances and millions are projected to reach this goal by retirement, especially men.
Still commonly used is multimillionaire, which refers to individuals with net assets of 2 million or more of a currency. There are approximately 584,000 US$ multimillionaires who have net assets of $10M+ worldwide in 2017.
The richest person in Australia is Gina Rinehart, a mining magnate and executive chairperson of Hancock Prospecting, who has topped the annual Financial Review Rich List for several consecutive years, with her wealth estimated around A$38.11 billion as of the 2025 list, despite recent iron ore price fluctuations affecting her fortune.
Gina Rinehart. Georgina Hope Rinehart (née Hancock, born 9 February 1954) is an Australian heiress, billionaire mining magnate and businesswoman. She is the executive chairwoman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her father, Lang Hancock.
Edward Craven (born 1995) is an Australian billionaire entrepreneur. Known as the co-founder of the online casino Stake and the live-streaming platform Kick, where Craven also streams.
Established after British colonisation of South Australia on the lands of the Arabana people, the lease was first purchased from the colonial government in 1863. As of 2025 it is owned by the Williams family.
Gina Rinehart got rich by inheriting her father's mining company, Hancock Prospecting, and transforming it into a mining giant, primarily by developing the massive Roy Hill iron ore mine, leveraging booming demand from China, and strategically expanding into other sectors like agriculture, energy, and critical minerals. She built on her father's legacy by securing key tenements and using joint ventures to finance huge projects, making her family's company incredibly valuable.
Over the course of their marriage, Keith Urban and Nicole Kidman acquired many properties. At the time of their separation, they owned more than seven homes in three counties. Their addresses cover both coasts of the United States, Music City, their home country of Australia, and a European getaway.
Australia currently stands as the second-wealthiest country in the world, with a median wealth per adult of US$268,000 (AU$413,000). In other words, half the population has more than this amount and half has less.
South Sudan ranks as the poorest country globally, grappling with prolonged civil war, oil dependency, and severe food insecurity. The ongoing conflict disrupts agricultural production, leaving over 60% of its population in need of humanitarian assistance.
By 2050, China is projected to be the world's richest country by total GDP, leading a significant shift where emerging economies like India, Indonesia, Brazil, and Russia rise to challenge traditional giants, with the U.S. potentially falling to third, while Singapore might become the richest per capita (PPP), though these predictions depend heavily on technological progress, political stability, and growth rates.
Oprah Winfrey - $3.1 billion 2. Kim Kardashian - $1.7 billion 3. Taylor Swift - $1.6 billion 4. Rihanna - $1.4 billion 5.
By 2035, some predict there will be at least five trillionaires in the world, but no one has reached that yet. A trillionaire is someone who has accumulated a net worth of at least one trillion of their local currency.
Luana Lopes Lara — a 29-year-old former ballerina turned tech founder — has unseated Taylor Swift and Lucy Guo to become the world's youngest self-made female billionaire.