Who are the richest people in Australia?
I believe this is a question that most people are very curious about!
And the 2018 ranking of Australia's richest people, compiled by Financial Review, has been released! A total of 200 billionaires were listed in the report, 187 of whom agreed to disclose their information. Now let's take a look at the report. Who are the top 5 Australians?
NO.1 Anthony Pratt
Anthony is the executive director of (Visy Industries), Australia's largest packaging and papermaking family business. Since 1985, Visy has opened the US market under the leadership of Anthony.
After Trump came to power in 2017, the tax cuts brought huge benefits to the Visy, which Visy expects to add A $100 million a year to after-tax profits. Visy's booming presence in the United States has consolidated its position as the top of the Anthony's rich list.
The Anthony has been Australia's richest man for the second year in a row.
NO.2 Harry Triguboff
Harry, who passed his 85th birthday three months ago, is the founder of Australian real estate giant Meriton.
Meriton, Australia's third-largest apartment developer and distributor with 4.5 percent of the market, is Australia's largest hotel apartment operator.
The credit crunch in the banking sector this year did have an impact on the real estate industry, but with its low debt-to-debt ratio and high liquidity, Meriton remains Australia's leading real estate company.
NO.3 Gina Rinehart
Gina is the only woman in the top 10 of Australia's rich list this year. She is chairman of Hancock Prospecting and holds a 76.6% stake.
Hancock Patenting started from the mining industry with an Australian market share of 5%, falling behind the three mining giant Rio Tinto (33.7%), BHP Billiton (27.9%) and Fortescue Metals (13.2%).
However, Gina is not content with this, and in recent years began to dabble in animal husbandry and build its own and cattle brand 2GR Premium.
NO.4 Hui Wing Mau
Property tycoon Xu Rongmao rose from seventh place on Australia's rich list last year to fourth, with total assets up 52.5 percent. Most of the asset appreciation came from his stake in HK:00813, whose shares rose about 40 percent in fiscal 2017.
In addition, Xu spent about A $ one hundred and nineteen million nine hundred and ninety nine thousand nine hundred and ninety nine to acquire a controlling stake in Bindaree Beef Group, a beef processing and exporter in New York, in an effort to gain a share of Australia's livestock industry.
NO.5 Frank Lowy
Frank Lowy, No. 5, currently serves as chairman of the Australian-New Zealand Westfield (ASX: WFD).
Late last year, WFD confirmed it would be acquired by European commercial land investment firm Unibail-Rodamco, marking the withdrawal of the Lowy family from WFD operations.
The A $32 billion deal is Australia's largest acquisition ever. After recovering capital from WFD, Frank will work with his family to create a family business, Lowy Family Group.
To see the full list:
https://www.afr.com/brand/afr-magazine/rich-list-overview-20180413-h0yqo5?iid=houseinv:nnn-13omn1353-ret-nnn:nnn-25052018-richlist-dom-retention_magazine-nnn-AFR-o%20&campaign_code=afr.com&promote_channel=AFR_A_HI_BUNS_SRA
So what are the characteristics of these rich Australians?
The total assets of the wealthy added up to A $282.7 billion, or an average of one billion forty one million per person.
The poorest person on this list, too, has 300 million Australian dollars! It can be said that when you achieve three small goals in Australia, you can enter the list.
Although women can hold half the sky, but it is clear that Australia's rich group, is still the world of men.
Only 19 women are on Australia's rich list, fewer than men.
The average age of Australia's millionaires is 66, so for everyone, it's not that you're not on the list, but that you're probably underage.
Among them, 76 people with assets of more than A $1 billion, 16 more than last year, can only say that the rich are getting richer.
Where do these rich people like to live?
Twenty-three people often live abroad. Incidentally, 57 people live in Melbourne and Sydney. It seems that the rich have the same love for Sydney and Melbourne.
Property tycoons are 51, or 27%, on the list, 22 in retail, and 21 rich by investing.
If the total assets of the 187 millionaires are added up, they are classified according to their respective industries.
1/3 of the wealth's assets are in the real estate sector, followed by natural resources, followed by manufacturing and retail.
Among them, manufacturing and retail as the same production line upstream and downstream, basically flat. It is worth noting that, for the first time this year, the technology industry surpassed the financial services sector in terms of assets, ranking sixth.
Comparing the number of millionaires with the distribution of assets in the industry, real estate in the number of rich and asset value in the absolute advantage. In addition, only 17 wealthy people are in the natural resources sector, while they hold about A $46 billion in assets.
These Australian tycoons are becoming more and more international.
As can be seen from the previous figure, there are 23 people in the center of the long-term overseas. Although they do not live in Australia, the business of these people in Australia has a real impact on the Australian economy.
And these local rich people also internationalize their own industries, constantly export their products, or set up operations directly overseas.
The good news for us in our lives in Australia is that most of the people on this list are self-made, and a number of young people working in the tech industry have joined the list.
So dreams still have to come true, what if they come true?