Queensland has 76 suburbs with a median house price above $1.5m, and now property experts share where they would splash a champagne budget across the state. Surprisingly, the resources and energy sector accounted for only 12 of the 150 entrants, but they tended to be towards the upper-end of the list. The authors attributed lower cattle values to the reduction in net worth. Malcolm McClymont. 1 spot on The Sunday Mails Queensland Top 150 Rich List for the first time since 2008. While the Fairfax family operates a substantial portfolio of 10 cattle properties across Queensland, its investments in this area are secondary to those in other areas, estimated to be worth $802 million this year, a $22m rise. While there remain some obvious omissions and inconsistencies in the list, and it appears to confuse gross and net worth in some cases, it nevertheless serves as a useful benchmark of cattle industry financial health, against other industry sectors. Asset value assessed at $298m, down $59m on last year. Philip Sullivan, City Pacific 152.8 million, Source: BRW (Note: Some shares may have been sold in past year). Rough Diamond also included a community foundation which received part of the company's profits. Mr Van Lieshouts Unison Projects is involved in residential land developments at Sherwood, Oxley and Griffin. Like the Daniels family, Alister and Joanne McClymont are new additions to the Top 150 list this year again not because their net worth has grown dramatically recently, but because they were previously overlooked. Steve Wyatt, Mineral Resources, $81.3 million, 9. Someones got to have a goal.. The average net worth of those on the list is $260.5 million down from $264.4 million last year. Daughter of the late Brian Oxenford, Pam Deamer, (pictured left), took over the familys Western Grazing business following his death in 2004. Another new entry, in this case perhaps linked to recent acquisitions, rather than lack of prior research knowledge by the researchers. Heres what you need to know to avoid tax penalties, The benefits and potential drawbacks of a CEO directly engaging with customers. I think you will find that people that end up being successful to that extent often come from poor backgrounds. In addition to the above summary we have included below a number of other individuals whose primary source of wealth has come from sources other than beef, but who still control very large beef interests: 10. In a rags-to-riches story, Reg and Hazel Rowe have joined the exclusive club after turning a mum-and-dad business selling car accessories out of the garage of their suburban home into a giant retail empire including Supercheap Auto. The Sunday MailQueensland's Top 50 Rich List reveals the 59-year-old walking headline is still the state's wealthiest person with $1.98 billion. Queensland's cotton queen Susan Marchant, from Goondiwindi, regains the crown as the state's wealthiest woman after a bumper crop. The exclusive list, published today, shows Queensland has two new billionaires, taking the total to six. Pictured at their hotel "Spicers Balfour", an estimated net wealth of $726 million put them at Number 11 on the Top 150 Rich List. The Top 150 list also included some individuals with strong beef industry connections, who were not included in Beef Centrals statistics summary outlined above, for various reasons. 28. queensland 150 rich list. Find out more about our policy and your choices, including how to opt-out. Rough Diamond, under Bond's guidance, was best known for producing the documentary series 'Where it all Began' a series of "Real life, true stories of "the Aussie battlers" who against all odds came out on top". Mr Quinn plans to expand to every major town. The fastest fortune was made by another person from the travel sector. Their average net worth this year was $224m, which fell 14pc or $31.3m compared to the 2012 report. Brian Flannery (resources) $991 million, 7. The former miner sold his stake in the Jellinbah mine in 2007 for $270m. DROUGHT and reduced industry profitability took a toll on beef industry stakeholders included in an annual Queenslands 150 Richest list published on the weekend by Brisbanes Sunday Mail newspaper. But that is a massive $2.29 billion drop, making him also the biggest loser this year. Here are two rare example of this Rich List scoring a mention elsewhere in Rear Window and this Jonathan Chancellor snippet. Father-and-son development team Graeme and Shaun Juniper, whose iconic Surfers Paradise beachfront "Soul" tower was placed into receivership, had an even bigger fall. The overall wealth of Australia's richest 250 individuals and family groups rose from $377 billion this time last year to $470 billion today. 3. But he is pushing ahead with plans to build a replica of the ill-fated ocean liner Titanic and last week claimed early survey results suggest a gas field he owns off Papua New Guinea could be one of the world's biggest. She is now a managing partner of Hemisphere Capital, a London-based firm providing advisory services and capital to companies in the digital media, communications and IT sectors. Mr Chong, whose fortune dipped by more than a third, said: "Times are bad but our heads are still above water. He was on the BRW Rich List in 2001 valued at $150 million. The O'Shea family was ranked 30th in Queensland's Top 150 Rich List in 2014 worth $342 million. Not only is Bianca Rinehart the richest Queenslander, she is number 15 on the overall list of Australia's wealthiest, and is one of 10 Australian women who can also claim to be billionaires. Overall, the combined worth of Queensland's richest individuals, couples and families is virtually unchanged from 2012, rising just $7 million to $39.65 billion. Register, Join the conversation, you are commenting as Logout. Danny Wallis, DWS Advanced Business Solutions, $90.2 million, 7. But that is a massive $2.29 billion drop, making him also the biggest loser this year. Below are the richest people in Queensland, AU. Please try again later. Defying the adage that the rich always get richer, the combined wealth of the Top 150 individuals, couples and families has fallen $573 million to $39.1 billion over the past 12 months. 137. You always think it could be done better. How does your net worth compare to the fortunes of the wealthiest people in Queensland, AU? Property may be the main industry of the top 200 richest people in Australia, but Stensholt said the resources sector could come back again. The result is driven by massive drops in the resources and energy sector. While the majority of his asset value revolves around the $1 billion annual turnover Australian Country Choice processing business supplying more than half of Coles national requirements, Trevor Lee is also a large beef producer in his own right, controlling 433,000ha owned and 230,000ha leased and managed to supply 150,000 cattle each year for the ACC program. Inside Qld trophy home that has footy players scrumming for a win, First time in 50 years: Qld cottage sells for eye-watering price, Dream homes: Top prestige suburb picks in Qld for 2023 revealed, FIT FOR A QUEEN: Pollies $23,000 gift tops register, Queensland Top 150 Rich List 2014: Tony and Christina Quinn are No.22. Asset value: $375m, $40m fall on last year. The sale of concrete plants and quarries has enabled them to invest in developing innovative building products, with a $213 million increase taking their total wealth to $826 million. Save my name, email, and website in this browser for the next time I comment. Factors such as the live export ban and drought have made life tough for cattle farmers, the Sunday Mail said. The Sunday Mail put their asset value at $780 million (unchanged from last year). Josie is the daughter of David Camm and niece of Peter. Your email address will not be published. 98. 1 BILLIONAIRE turned politician Clive Palmer has relinquished the No. 142: Colleen Rasmussen. Queensland's biggest cities, Brisbane and the Gold Coast, hold less rich listers than the other capitals - coming in at four and five respectively in the list of top five cities for wealth - but Stensholt said Queensland's wealthy were for the most part getting wealthier. Nationwide News Pty Ltd 2023. Queensland's cotton queen Susan Marchant, from Goondiwindi, regains the crown as the state's wealthiest woman after a bumper crop. Mining mogul Clive Palmer tops The Sunday Mail's Queensland Top 150 Rich List for the sixth successive year - but his fortune has fallen fast. So looking back, what advice would the 68-year-old billionaire John give the 23-year-old budding businessman John? Of the 250 people who made the list, the average wealth sat around AUD$2.08 billion, up from AUD$1.88 billion last year. 95. Attributed an asset value of $132m. Rupert Murdoch, News Corporation, $3,604.6 million, 2. Kevin Maloney, MAC Services Group $220.7 million, 3. They tumble from number 16 to 127 on the list, dropping $397 million to $80 million. "I think the iron ore would be worth more than $2 billion alone," he said. 1. His private company Mineralogy is involved in a court battle with Chinese-owned CITIC Pacific over royalty payments for ore from his huge Pilbara deposit. That cancelled out an impressive rise of nearly 11 per cent in the fortunes of others on the list, with some adding hundreds of millions of dollars to their bank balances. The list notes that the Camms are taking the opportunity to test the property market this year, offering their Natal Downs 90,000ha aggregation south of Charters Towers for sale. You can be tough in business as long as youre honest, says Mr Van Lieshout. Udo Jattke, aged 48, who owns builder . Were working to restore it. Mr Palmer disputed the figure. The fastest fortune was made by another person from the travel sector. They tumble from number 16 to 127 on the list, dropping $397 million to $80 million. McDonald family, MDH Pty Ltd. Ive always had a boat - not particularly big boats.. Mr Makris emigrated from Greece in the 1960s, and developed a portfolio of retail businesses and properties including a number of shopping centres in South Australia. He debuted on the Australian BRW rich list in 2008 with a net worth of $352,000,000, made it to number 21 on the Sunday Mail Queensland Top 150 Rich List, and peaked as the 10th richest business person in Australia, with a net worth. As a consequence, rich families invest differently to the Rich 200. They tumble from number 16 to 127 on the list, dropping $397 million to $80 million. Andrew Forrest: the Perth entrepreneur is one of Australia's richest through his 30% stake in Fortescue Metals Group which in early 2020 was worth around $10 billion thank to the booming iron ore price. His private company Mineralogy is involved in a court battle with Chinese-owned CITIC Pacific over royalty payments for ore from his huge Pilbara deposit. While acknowledging that land sales to resources giants for coal development have insulated Acton Land & Cattle Co from the worst of the beef industry downturn, the businesss asset value still fell to $405m this year, down $66m. Asset value estimated at $209m. She formerly worked as an executive at Yahoo during the dot-com boom and was reported to have earned a salary of $30 million. The Sunday Mail attributed the fall in value this year to the cost of buying water from a neighbouring coal mine to counter the effects of drought, and a reduction in the size of their 35,000 head beef herd. I like to lead my own life quietly. Join the conversation, you are commenting as. And Toowoomba-based family, the Wagners, who are building their own airport on the city's outskirts, have burst into the top 10. In contrast to the general trend, which saw 87 of the entrants expand their wealth last financial year, most of . Here are the men and women who have generated the most wealth in Queensland's rising economy, sourced from the lists published in Australia's most authoritative business magazine, BRW. Sir Mick Curtain. DROUGHT and reduced industry profitability took a toll on beef industry stakeholders included in an annual "Queensland's 150 Richest" list published on the weekend by Brisbane's Sunday Mail newspaper. That cancelled out an impressive rise of nearly 11 per cent in the fortunes of others on the list, with some adding hundreds of millions of dollars to their bank balances. Craig Doyle, aged 43, who runs a property business and is estimated to be worth $270 million. Former Beef Australia chairman Geoff Murphys primary business is in construction, but he holds quality assets in Central Queensland grazing operations. Save my name, email, and website in this browser for the next time I comment. Widespread severe drought impact this year across western and northwestern Queensland, and the Northern Territory, and. Peter and Jane Hughes Hughes Grazing enterprise fell four places this year to position 39, on account of a reported $24 million fall in worth to $274m. He is now a director of renewable energy company Infinite Power[1] and ranked among the most influential business executives in Australia in Who's Who Business. It stays forever. That's equivalent to the combined annual earnings of 7466 average Australian workers. Mr Palmer expects a decision by March and, having won smaller related cases, says he is confident. 94. "I think the iron ore would be worth more than $2 billion alone," he said. As a result the Actons fell from 18th position on the list last year year to 24th in 2013. Jim Gorman. Two other entries, Simon & David Hall (position 93, $137m) and McLean family (position 95, $134m) hold beef assets including a stake in Legune Station, on the NT/WA border, beef feedlots and feed mills, as part of their broader exposure to pork and egg production through Sunny Queen Farms, which produces half of Australias egg requirements. You'll also receive messages on behalf of our partners. Footy players across two codes are reportedly jostling to win a trophy home in Queensland, and this one has some seriously cool features. Despite Queensland's mining history, Ms Rinehart is the only rich-lister in Queensland's top five whose wealth has come from the resources sector. 146. His private company Mineralogy is involved in a court battle with Chinese-owned CITIC Pacific over royalty payments for ore from his huge Pilbara deposit. We're only a couple of weeks into 2023 but the VC tap is already beginning to trickle with a few early startup raises being announced. Remove the three big miners from the top of the Qld 150 Rich list (Clive Palmer, Chris Wallin and the Fu and Lin family) and the remaining 147 wealthy individuals all increased their net worth this year by an average of $23m, or 10.9 percent. HOW QUEENSLANDS RICHEST MAN MADE IT TO NUMBER ONE. GALLERY: Superyachts of the Rich List Queensland's Sports Rich List. Don't miss out on the headlines from QLD Business. The exclusive list, published today, shows Queensland has two new billionaires, taking the total to six. We used to landbank sites where we wanted to build. Bianca Rinehart tops the list, worth $2.74 billion, thanks to her 23 per cent stake in Hancock Prospecting. GALLERY: Superyachts of the Rich List. The combined net worth of the top 100 on the list still trails the pre-Global Financial Crisis level at $35.4 billion - $1.8 billion below the 2008 total. Clive Berghofer is Number 32 on the Top 150 Rich List, worth $320m. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. But someones got to have a vision. Former Rural Press director Tim Fairfax is a good example. His business partner Ian Roberts is said to be worth $616m and ranked 184th on The . QUEENSLAND'S TOP 50 RICH LIST Pick up a copy of today's print edition of The Sunday Mail for the full QUEENSLAND TOP 150 RICH LIST in a 32-page magazine. GALLERY: Superyachts of the Rich List Queensland's Sports Rich List. Your email address will not be published. April 05, 2022. Don't miss out on the headlines from QLD Business. New rules restricting access to fundamental details surrounding legal cases have no merit and are a bad outcome for financial markets. The sale of concrete plants and quarries has enabled them to invest in developing innovative building products, with a $213 million increase taking their total wealth to $826 million. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australia's most wealthy people, up from $470.07 billion in 2021. . Billionaire Bob Ell, pictured with wife Bridget in 2006, is Queensland's third richest person. Greg Goodman, Goodman Group, $410.9 million, 5. [8] The company a signed memorandum of agreement with BP for its jet fuel and was heralding the ability to produce 250,000 litres of jet fuel a year. Others with solid beef connections included Noel and Liz Cook (position 148, $65m) who are predominantly grain growers, despite their sizeable beef investment; the Cameron family from Goondiwindi (position 136, $82m) whose primary interests are a shareholding in Sunpork, plus sheep, beef and wheat production; and Andrea McCosker, also from Goondiwindi (position 114, $108m), whose primary interest is cotton. The outcome will have a big impact - up or down - on his estimated wealth next year. But the result was skewed by enormous drops in wealth among those in the mining industry. Western Grazing encompasses 165,000 head across eight large grazing properties in northwest Queensland and the NT, producing grassfed cattle. [17], "Infinite Power Company Limited, Company number 11325982", "Enough drive to shape Australia's future", "Linc Energy CEO and Dunk Island owner Peter Bond challenges tourism officials to sell the Sunshine State better", "Abramovich's Investment Vehicle Scores Clean Energy Deal", "Queensland islands take a big hit from Cyclone Debbie", "Clive Palmer snaps up Peter Bond's Brisbane trophy home for a bargain price", "TV bid by giving mining magnate Peter Bond", https://en.wikipedia.org/w/index.php?title=Peter_Bond&oldid=1132072293, This page was last edited on 7 January 2023, at 03:37. 18. [3], As a metallurgist, Bond always had an interest in mining technology and renewable energy, and in 2005 he took over Linc Energy,[6] signing a memorandum with Syntroleum granting a licence to use the company's proprietary gas-to-liquid technology. WA Rich List 2019: 40 to 31 | The West Australian WA Rich List 2019 WA's 50 wealthiest and how they did it 40 to 31 Editors: Neale Prior, Ben Harvey This content is proudly supported by Abercrombie & Kent When someone like John Hughes says we are overvaluing him, the team at the West Australian Rich List listen. The Richest People In Queensland, AU. Bond appeared on the Australian version of The Secret Millionaire, a television program in which prominent millionaires go undercover in impoverished communities and give away substantial sums of money to help those in need. Were working to restore it. Rising one position this year to 97th on the list was Peter Camm, brother of David, listed above. Peter Camm. But it is the lesser-known names that will attract all the interest. The assessments were made at the end of July. The list was headed by iron ore baron Clive Palmer, who was valued at $6.5 billion. Apparently on the basis of the 35-40pc premiums evident in the market for organic cattle, the business was allocated a $1m rise in asset value this year by the Sunday Mails researchers, to $59m. He still needs government approval for a proposed $6.4 billion mega-mine, rail link and port in central Queensland. He debuted on the Australian BRW rich list in 2008 with a net worth of $352,000,000, made it to number 21 on the Sunday Mail Queensland Top 150 Rich List, and peaked as the 10th richest business person in Australia, with a net worth of $572,000,000. Laglans listing position rose from 94 to 88 this year, as a result. Nationwide News Pty Ltd 2023. And that means the departure of several high-profile business people, including Crocodile Hunter Steve Irwin's widow Terri, owner of Australia Zoo. But the result was skewed by enormous drops in wealth among those in the mining industry. Find out more about our policy and your choices, including how to opt-out. 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