The richest people in Australia for 2026 are led by Gina Rinehart, primarily from mining, followed by property magnate Harry Triguboff, and the Pratt family.
10 – Sir Frank Lowy – $7.9 Billion
Sir Frank Lowy AC is an Australian-Israeli billionaire and one of the most successful business figures in Australian history.
Best known as the co-founder of the global shopping center giant Westfield, his influence extends across international retail, professional football, and foreign policy.
As of early 2026, Lowy remains a fixture on the Australian Rich List with an estimated net worth of approximately $7.9 billion.
In 1953, Lowy met John Saunders, and together they opened a deli in Sydney before transitioning into property development. They founded Westfield in 1959 and listed it on the stock exchange in 1960.
Over five decades, Lowy built Westfield into one of the world’s largest retail property groups, with iconic malls in Australia, the US, the UK, and Europe.
He has donated hundreds of millions of dollars to causes including medical research (the Lowy Cancer Research Centre), the arts, and Jewish community initiatives.
9 – Bianca Rinehart – $8 Billion
Bianca Rinehart is an Australian billionaire and the eldest daughter of mining magnate Gina Rinehart. As of early 2026, she is a central figure in the Hancock family business landscape, though she is primarily known for her role as a trustee and her long-standing legal disputes with her mother.
Since May 2015, Bianca has served as the trustee of this multi-billion dollar family trust. The trust holds a 23.45% shareholding in Hancock Prospecting, the massive mining and resources company founded by her grandfather, Lang Hancock.
In 2026, her personal net worth is estimated at approximately $8 Billion , placing her among Australia’s wealthiest women. Her wealth is tied directly to the value of the family trust’s assets.
As of late 2025, Hancock Prospecting had reportedly set aside over $6 billion AUD for dividends that are expected to be paid out once the long-running legal disputes within the family are fully resolved.
8 – Anthony Pratt – $8.7 Billion
Anthony Pratt is an Australian billionaire and the Global Chairman of Visy and Pratt Industries, the world’s largest privately owned recycled paper and packaging company.
With his dual-headquarters approach, Visy in Australia and Pratt Industries in the US, he has benefited significantly from the global push toward sustainable, recycled packaging in the consumer goods sector.
Headquartered in Melbourne, Visy is a leader in recycling, glass, and aluminum manufacturing.
In late 2025, the company reported record-breaking production surges as consumers shifted heavily away from plastic toward recyclable glass and cardboard.
Based in Atlanta, this is the 18th largest privately owned manufacturing company in America.
In late 2025, Pratt opened a major new 100% recycled box factory in Georgia to service the agricultural sector.
7 – Richard White – $10.1 Billion
Richard White is the founder of WiseTech Global, a multi-billion dollar logistics software company that powers freight forwarding and supply chains worldwide.
As of January 2026, he remains one of Australia’s wealthiest individuals, though his leadership role and net worth have faced significant volatility over the past 18 months due to legal and corporate governance challenges.
In early 2026, Richard White’s net worth is estimated at approximately $10.1 billion though this figure fluctuates with WiseTech’s share price.
In October 2024, White stepped down as CEO of WiseTech following a series of media reports regarding his personal life and allegations of inappropriate behavior.
In late 2025, his fortune took a hit when Australian federal authorities raided WiseTech’s headquarters to investigate allegations of insider trading, an event that wiped nearly $1 billion off his net worth in a single day.
6 – Melanie Perkins – $12.5 Billion
The founders of Canva are the standout story of the decade. As Canva moved toward a highly anticipated IPO in early 2026, their paper wealth surged.
Their platform has evolved from a simple design tool into a full enterprise office suite, directly competing with global giants like Microsoft and Adobe.
In January 2026, market analysts identified Canva as a “probable” candidate for an IPO later this year.
Following a secondary share sale in August 2025 that valued the company at $42 billion USD, the firm has recently hired executive talent with experience taking major tech companies public.
Perkins and Obrecht joined The Giving Pledge in 2021, committing to donate the majority of their wealth. They have specifically pledged to transfer more than 80% of their stake in Canva to the Canva Foundation to address global issues like poverty.
5 – Andrew Forrest – $16.1 Billion
Andrew “Twiggy” Forrest is an Australian billionaire, business leader, and philanthropist.
As of January 2026, he is one of the wealthiest individuals in Australia, with a real-time net worth estimated at approximately $16.1 Billion.
Forrest is the founder and Executive Chairman of Fortescue (formerly Fortescue Metals Group), one of the world’s largest iron ore producers.
Under his leadership, the company is undergoing a major transformation into a “green energy powerhouse.”
He has committed $6.2 billion USD to a plan for Fortescue to achieve “Real Zero” (terrestrial emissions-free operations) by 2030.
He is a vocal critic of “Net Zero” targets, describing them as insufficient compared to his “Real Zero” goal of completely eliminating fossil fuels.
Through his private investment group, Tattarang, he owns a diverse portfolio including the iconic brand R.M.Williams.
His company Squadron Energy is a major player in Australia’s renewable sector, having acquired CWP Renewables for approximately $4 billion AUD in 2022.
4 – Scott Farquhar – $17.9 Billion
Scott Farquhar is the co-founder of the software giant Atlassian and a pioneer of the Australian technology industry.
As of early 2026, he has transitioned into a new chapter of his career, moving from operational leadership to a focus on infrastructure investment and global philanthropy.
While he is no longer involved in day-to-day operations, he remains a Board Member and Special Advisor to the company. His co-founder, Mike Cannon-Brookes, continues as the sole CEO.
Farquhar is celebrated for building a global tech powerhouse from Sydney without a traditional sales force, instead relying on product-led growth and a unique corporate culture.
In late 2025, Skip Capital made headlines by partnering with KKR to acquire a majority stake in Queensland Airports Ltd. This deal includes four major airports: Gold Coast, Townsville, Longreach, and Mount Isa.
3 – Mike Cannon-Brookes – $18.3 Billion
Mike Cannon-Brookes is an Australian billionaire technology entrepreneur and co-founder of the software giant Atlassian. A
s of early 2026, he is recognized not only for his leadership in the tech sector but as one of the world’s most influential “activist” investors in renewable energy.
In early 2024, his long-time co-CEO Scott Farquhar stepped down, leaving Cannon-Brookes to lead Atlassian as its sole CEO.
Throughout 2025 and into 2026, he has steered Atlassian’s focus toward generative AI, integrating it across their product suite.
He has advocated for “constructive unreasonableness”—the idea of challenging complex or broken systems to fix them.
Under his leadership, Atlassian reached an annual revenue surpassing $5 billion USD, serving over 300,000 customers worldwide.
2 – Harry Triguboff – $18.8 Billion
At 92 years old, Harry Triguboff continues to climb the list. His company, Meriton, benefited from the persistent housing shortage in Australia’s major cities.
As rental yields and property values in Sydney and Brisbane reached record highs in late 2025, Triguboff’s “build-to-rent” model proved to be a massive wealth generator.
His most ambitious current project is the Alice Street Twin Towers in the Brisbane CBD.
These 70 and 79-storey towers will eventually house over 1,000 apartments, positioned to capitalize on the growth leading up to the 2032 Olympics.
A key to his success in the 2026 market has been his “Harry Will Carry You” initiative.
When banks tightened lending rules, Triguboff used his own capital to provide vendor finance directly to buyers, effectively acting as the bank himself.
1 – Gina Rinehart $29 Billion
For the seventh consecutive year, Gina Rinehart maintains her position as Australia’s wealthiest person.
Although iron ore prices saw some volatility throughout 2025, her company, Hancock Prospecting, has diversified aggressively into rare earths, lithium, and gas.
Her tactical pivot into the “minerals of the future” has ensured her fortune remains resilient even as traditional mining cycles shift.
Her flagship asset is the Roy Hill mine in the Pilbara, which produces over 60 million tonnes of iron ore annually.
In June 2025, she and Rio Tinto received final approval for the $1.6 billion Hope Downs 2 project, with first ore production scheduled for 2027.
She is Australia’s second-largest cattle producer through S. Kidman & Co and the Hancock Agriculture portfolio, owning swathes of land larger than the country of Tasmania.
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