Daily Cover

Inside Scale AI’s business after Meta’s bombshell $14 billion deal

When Alexandr Wang left the company he founded almost a year ago, most figured the startup was as good as dead

Featured

Australia’s Richest People

56 Billionaires in Australia · $246B Combined Wealth · $54B Total Wealth of Women Billionaires · 13 Made Their Fortune in Mining · Biggest Gainer (24 hrs): Scott Farquhar, +$93.7M · Biggest Loser (24 hrs): David Teoh, -$475.5M · Youngest Billionaire: Ed Craven, 30 · Oldest Billionaire: Frank Lowy, 95 · Richest Australian: Gina Rinehart, $25.9B · 56 Billionaires in Australia · $246B Combined Wealth · $54B Total Wealth of Women Billionaires · 13 Made Their Fortune in Mining · Biggest Gainer (24 hrs): Scott Farquhar, +$93.7M · Biggest Loser (24 hrs): David Teoh, -$475.5M · Youngest Billionaire: Ed Craven, 30 · Oldest Billionaire: Frank Lowy, 95 · Richest Australian: Gina Rinehart, $25.9B

Top Ten

Total Wealth: $126.1B Down $432.0M
1 Gina Rinehart
Gina Rinehart $25.6B No change
2 Harry Triguboff
Harry Triguboff $23.5B No change
3 Andrew Forrest & family
Andrew Forrest & family $20.7B ▼ -$428.2M
4 Anthony Pratt
Anthony Pratt $9.9B No change
5 Frank Lowy
Frank Lowy $8.7B No change
6 Mike Cannon-Brookes
Mike Cannon-Brookes $8B ▲ +$89.2M
7 Scott Farquhar
Scott Farquhar $7.6B ▲ +$93.7M
8 Cliff Obrecht
Cliff Obrecht $7.6B No change
9 Melanie Perkins
Melanie Perkins $7.6B No change
10 Kerry Stokes
Kerry Stokes $6.9B ▼ -$186.7M

*Last updated May 19, 2026. All figures are in USD.

Women's Summit

Life

Issue 22

Billionaires

Entrepreneurs

Innovation

BrandVoice

Ideas to Save the Planet

Investing

Leadership