REVEALED: Australia’s 10 richest people and how | Australian Markets

Iron ore magnate Gina Rinehart should still be Australia’s richest particular person however that huge pile of dosh is now simply a little shorter than it was final yr.

The identify behind the Hancock Prospecting and Hancock Agriculture empires — with property stretching from Roy Hill and Atlas Iron by means of to Bannister Downs Dairy, Drizabone and Rossi boots — is value $38.1 billion, in line with this yr’s Australian Financial Review Rich List.

Compared to your bank steadiness that’s nonetheless fairly respectable, no?

Mrs Rinehart has now held the title for six-straight years, however this yr’s determine is 6 per cent down on the place it stood final yr due to a softer market for her No.1 earner, iron ore.

Weaker costs for the steel-making ingredient have additionally dented the fortunes of fellow miners Andrew Forrest and estranged spouse Nicola, who’s internet value now stands at $12.8b — down from final yr’s $16.92b and dropping her to ninth on the checklist of the highest 10 wealthiest people in Australia.

Fortescue founder Mr Forrest disappeared from the checklist altogether.

Across the highest 10, the AFR says their collective fortune now stands at $202b — down 9.2 per cent from a yr in the past.

Property developer Harry Triguboff held on to his spot at No.2 with $29.7b whereas packaging king Anthony Pratt and Family are available third with $25.9b.

Atlassian co-founder Scott Farquahar was fourth with $21.4b. But noticeably absent from the highest 10 was his co-founder wingman Mike Cannon-Brookes.

Everyone’s favorite litigant Clive Palmer has $20.1b, which put him at fifth, and Perth-born founders of online graphic design unicorn Canva, Melanie Perkins and Cliff Obrecht, held at sixth place with a small rise of their fortune to $14.1b.

Co-founder of infrastructure and asset management firm Stonepeak, Michael Dorrell, stormed into the charts to seventh, with an estimated internet value of $13.9b.

Former Glencore boss Ivan (*10*) has $13.3b, incomes him eighth spot.

Kerry Stokes, chairman of Seven West Media and majority shareholder of the diversified SGH empire — which incorporates Boral, Coates Hire, WesTrac and investments in a host of useful resource and vitality firms — was tenth with $12.7b.