Albanese creates Office of AI so Australia can be ‘more than a data warehouse’

“We should not treat AI as a threat to good jobs, we must use it as an instrument to create them.”

Life

Issue 23

Billionaires

Australia’s Richest People

57 Billionaires in Australia· $242.2B Combined Wealth· $53B Total Wealth of Women Billionaires· 13 Made Their Fortune in Mining· Biggest Gainer (24 hrs): Andrew Forrest, +$154.9M· Biggest Loser (24 hrs): Scott Farquhar, -$335.8M· Youngest Billionaire: Ed Craven, 30· Oldest Billionaire: Frank Lowy, 95· Richest Australian: Gina Rinehart, $24.8B· 57 Billionaires in Australia· $242.2B Combined Wealth· $53B Total Wealth of Women Billionaires· 13 Made Their Fortune in Mining· Biggest Gainer (24 hrs): Andrew Forrest, +$154.9M· Biggest Loser (24 hrs): Scott Farquhar, -$335.8M· Youngest Billionaire: Ed Craven, 30· Oldest Billionaire: Frank Lowy, 95· Richest Australian: Gina Rinehart, $24.8B

Top Ten

Total Wealth: $124.2B Down $612.6M
1Gina Rinehart
Gina Rinehart$24.8BNo change
2Harry Triguboff
Harry Triguboff$22.8BNo change
3Andrew Forrest
Andrew Forrest & family$18.4B▲ +$154.9M
4Anthony Pratt
Anthony Pratt$11.1BNo change
5Frank Lowy
Frank Lowy$8.8BNo change
6Mike Cannon-Brookes
Mike Cannon-Brookes$7.9B▼ -$333.4M
7Scott Farquhar
Scott Farquhar$7.6B▼ -$335.8M
8Vivek Chaand Sehgal
Vivek Chaand Sehgal$7.6B▼ -$98.3M
9Melanie Perkins
Melanie Perkins$7.6BNo change
9Cliff Obrecht
Cliff Obrecht$7.6BNo change

*Last updated July 15, 2026. All figures are in USD.


Entrepreneurs

Innovation

BrandVoice

Ideas to Save the Planet

Investing

Women's Summit

Leadership