Australia’s Billionaires: Who Earns The Most?
Australia’s Billionaires are making staggering amounts of money – an average of a $ 67,000 per hour, According to Oxfam’s latest Report. That’s over 1,300 Times the average Australian’s Income, Highlighting the Growing Wealth Gap in the Country.
While many of thesis Fortunes Come from Real Estate and Mining, a Significant Portion is inherited, Sparking Fresh Debate About Wealth Inequality and Taxation Policies. Oxfam has Called for A 2-5% WEALTH Tax on Billionaires, Arguing that Even a Modest Levy Could Gena Billions in public revenue.
So, who are the Richest Australians in 2025, and how are they make their Fortunes?
The Top 5 Richest Australians
1. Gina Rinehart – $ 45 Billion
- Industry: Mining
- Company: Hancock Prospecting
- Earnings: Over $ 5.1 million by hour
The Mining Magnate Remains Australia’s WEALTHIEST person, Thanks to her vast iron ore empire. Rinehart Inherited Hancock Prospecting From Her Father And Has Expanded It Into One Of The World’s Most Profitable Mining Companies.
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2. Andrew “Twiggy” Forrest – $ 25 Billion
- Industry: Mining & Green Energy
- Company: Fortescue Metals Group
- Earnings: Over $ 2.8 million by hour
Forrest Made his Fortune in Iron Ore But has recently pivoted Towards Green Hydrogen and Renewable Energy Projects. Hey Pledged to Give Away Most of his Weealth Through Philanthropy.
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3. Mike Cannon-Brookes-$ 21 Billion
- Industry: Tech & Investments
- Company: Atlassian
- Earnings: Over $ 2.3 million by hour
As the Co-Founder of Atlassian, Cannon-Brookes Made Billion in Tech. He is now a leading investor in Renewable Energy ProjectsPushing for Australia to Transition Away from Fossil Fuels.
4. Scott Farquhar – $ 20 Billion
- Industry: Tech
- Company: Atlassian
- Earnings: Over a $ 2.2 million by hour
Farquhar, the other Half of Atlassian, has been Built his Fortune Through Software. Like his co-founder, he is actively investing in Green Initiative.
5. Anthony Pratt – $ 19 Billion
- Industry: Manufacturing & recycling
- Company: Visy Industries
- Earnings: Over a $ 2.1 million by hour
Pratt’s Fortune Comes from Recycling and Packaging, Making Him One Of The WEALTHIEST Figures Outside of Mining and Tech. His company, Visy, is a global leader in sustainable packaging.
Why is Australian Billionaire WEATTH GROWING?
1. Mining & Real Estate Dominate
Most of Australia’s Richest Individuals OWE Their Fortunes to Natural Resource Extraction and Property Investments, Industries That Have Historically Benefited from Colonial Land Ownership and Minimal Taxation.
2. Inheritance & Privilege
Oxfam Reports that 35% of Australian Billionaire WEALTH IS INHERITED, Reinforcing Genational Wealth Gaps. Meanwhile, one-third of first nations people Remain in the Poorest 20% of the population.
3. Minimal Taxation on Wealth
Despite their Massive Earning, Billionaires Often Pay Lower Tax Rates Than Everyday Australians. Oxfam argues that much of their Weealth is “unearned privilege” and shede be taxed to fund public services.
Should Australia Tax Billionaires More?
Oxfam’s Report Suggests That A 2-5% WEALTH Tax Could Bring Billions Into Australia’s Economy, Funding Schools, Hospitals, and Housing. Billionaires would still Remain Extraordinarily WEALTHY, But the Tax Could Help Bridge the Growing Inequality Gap.
With some experts predicting that the world’s first trillionaire will emerge Within a decade, the debate over taxing the super-judge is just beginning.
What do you think? Should Australia Introduce A Billionaire Tax?
