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BRW - Australian Rich List 2005
BRW - Australian Rich List 2005
Review of Australia's richest people
according to the BRW business magazine, 2005

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richest australians BRW Rich List Review - Australia's Richest People 2005

Australia's richest people have been named for 2005 by the Business Review Weekly (BRW) magazine. Like most rich lists that have been compiled around the world this year, Australia's richest have become richer.

The BRW business magazine has reviewed the 200 richest people in Australia. The total wealth of the 200 has increased by an estimated $11.85 billion Australian dollars (AUD). Their combined wealth is now $83.37billion AUD, with an average of $417 million each.. while the average Australian household in 2004 had just $467,000 in net worth.

Publishing and Broadcasting Limited (PBL) chairman Kerry Packer remains Australia's richest man, increasing his wealth this year by an estimated $400 million AUD, to have a total of $6.9 billion AUD. (Packer came in 94th on the Forbes richest people in the world list for 2005).

The shopping center empire of Frank Lowy helped increase his wealth by $600 million. Lowy, head of the Westfield Group of companies with shopping centers spread across the United States and Australia has an estimated wealth of $4.8 billion AUD and is Australia's second richest man. Lowy is trailed by Richard Pratt ($4.7 billion AUD), Harry Triguboff ($2 billion AUD), David Hains ($1.9 billion AUD), and gaming machine manufacturer Len Ainsworth with $1.6 billion AUD coming in 6th wealthiest Australian.

Other notables on the BRW rich list this year include the famous Australian golfer and now entrepreneur Greg Norman with an estimated $250 million coming in 111th on the list after increasing his wealth by $20 million during the past 12 months. The Oscar winning actress Nicole Kidman also increased her wealth by $35 million with a total net worth of $190 million. While entrepreneurial retailer Gerry Harvey dropped $40 million, yet still keeps his "billionaire" title, having an estimated $1.1 billion AUD.

Australia now has a total of 17 billionaires, up from just 11 billionaires last year. The youngest individual on the list is 31 year old Nicole Perrin, who shares $120 million with her husband Matthew Perrin with shares in the international surfwear company Billabong. There were just 11 women on the rich 200 list, down from 13 last year.

These gains are in spite of cooling property prices in Australia, a falling stock market and a soft retail environment. Proving that the rich can get richer even under challenging economic conditions. It's often under challenging circumstances when the rich have their greatest increases in wealth, with cheap assets more readily available.

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top 10 rich list Richest Top 10

Ten Richest People in Australia in 2005 according to the BRW business magazine.
(All figures in Australian Dollars)

1. Kerry Packer,$6.9 billion, PBL, Publishing and Broadcasting Limited
2. Frank Lowy, $4.8 billion, Westfield Shopping Centers
3. Richard Pratt, $4.7 billion, Visy Industries
4. Harry Triguboff, $2.0 billion, Meriton Apartments
5. David Hains and Family, $1.9 billion, Portland House Group
6. Len Ainsworth and sons, $1.6 billion, Ainsworth Game Technology
7. John Gandel, $1.5 billion, CFS Gandel Retail Trust
8. Kerry Stokes, 1.42 billion, Seven Network (television station)
9. Bruce Gordon, $1.3 billion, WIN Corporation
10. Bob Oatley and family, $1.26 billion, Rosemount Wine

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