Australia’s rich got a lot richer during the pandemic and, while a new guard is emerging, the top givers are mostly familiar names.
Gina Rinehart more than doubled her wealth last year to top The Australian Rich List. The first among 122 Australian billionaires, Rinehart is worth $36.28 billion. One of 27 women, at 67 she is a couple of years older than our average billionaire.
Alongside its Rich List, The Australian also published a list of the most generous givers in Australia.
Unsurprisingly, the list was topped by Australia’s second richest person, Andrew Forrest. The mining magnate gave nearly nine times more than his fellow rich-from-resources West Australian, Rinehart. Forrest is worth $29.61 billion and earned a healthy $13.06 billion last year while Rinehart brought home $16.25 billion.
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar were runners up in philanthropic giving and third on the Rich List, with a combined wealth of $21.99 billion and earnings of $12.73 billion last year.
Australia’s top 25 philanthropists
1. Andrew Forrest $88 million With his wife Nicola, Twiggy is committed to ending slavery and cancer, funding Indigenous programs, cutting plastic in the ocean and fighting the rise of artificial intelligence and its threat to democracy via their Minderoo Foundation. And of course they gave a massive amount to bushfire relief in January 2020.
2. Mike Cannon-Brookes and Scott Farquhar $37 million The Tech disrupters are vocal about their desire to give back.
3. Fiona Geminder, Heloise Pratt and Anthony Pratt $23.3 million The Pratt Foundation recently underwent a generational shift after more than 40 years and $300 million in donations.
4. Frank Lowy $23.2 million This long-time philanthropist has the philosophy, “When you have a little, give a little. When you have a lot, give a lot.”
5. Judith Neilson $20.5 million The co-founder of White Rabbit Gallery has recently committed some of her wealth to independent journalism.
6. Lang Walker $20 million
7. Kerry Stokes $20 million
8. John Gandel $15 million Gandel Philanthropy has an award-winning and long record of bold, innovative and collaborative giving.
9. Geoff Wilson $13.2 million
11. Kerr Neilson $11.9 million
12. Gina Rinehart $10 million
13. James & Gretel Packer $9.5 million
14. Greg Goodman $9.1 million
15. Maha Sinnathamby and Bob Sharpless $8.3 million
16. Nigel Austin $7.3 million
17. Peter Scanlon $6.5 million
18. Harry Triguboff $5 million
19. Michael Hintze $5 million
20. Brian Flannery $3.7 million
21. Prudence MacLeod $3.5 million
22. Lindsay Fox $3.2 million
You can check out the Rich List here.