Tech billionaires push wealth influx as mining wealth slips

This story is part of Forbes’ report on Australia’s richest 2025. See the full list here.

It was a bumpy year for the mining fate that has long dominated Australia's wealthiest people as demand in China weakens the price of iron ore. Technology-related businesses compensated for the decline, boosting double-digit growth of collective wealth to $243 billion, an increase of nearly 10% from the same period last year.

Even so, the Mining Baroness Gina RinehartAlthough her wealth dropped 4% to $2.9 billion, she still controls private Hancock's exploration and remains the richest person in the country. Rinehart has made a series of strategic acquisitions through Hancock Energy, such as energy assets for troubled mining companies’ mineral resources, and its founder Chris Ellison is the year. Get off one of three times.

Mining Tycoon Andrew ForrestHe is the second-largest man since last year and the previous year, and his Fortescue Metals Group's stock has fallen by more than a third, and his stock has fallen by fifth since Fortunes last measured. His fortune is shared with his estranged wife Nicola, shrinking $5.4 billion from anyone ranked No. 16.1 billion.

Property giant Harry Triguboff Second place was recovered after a five-year gap of $18.8 billion. In a strong rental market, Triguboff's Meriton Group is expanding its rental residential portfolio with a range of new buildings.

Co-founder of software company Atlassian Mike Cannon-Brookes and Scott Farquharboth raise one position to third and fourth respectively. They are the biggest gains this year, with each payment adding more than $4 billion to their net worth. Atlassian shares said it has 300,000 customers worldwide and it has gained growth after revenue increased to $1.3 billion in the latest quarter.

Among the 28 Listers group, another famous business duo is, whose wealth is rising Sam Hupert and Anthony Hall,,,,, Co-founder of medical imaging company Pro Medicus. The biggest gain this year with percentage gains, and its wealth doubled with the increase in the growth of Pro Medicus stock, which accounts for 90% of revenue from North America.

Four new entrants include Ed Craven and Bijan Tehranihe founded and operated Melbourne C.com, a maritime crypto casino. Craven, 29, and Tehrani, 31, met online by teenagers and were the youngest on the list. Charles Gibboninvested in billionaires Richard WhiteWiseTech Global, a software company twenty years ago, was the company's board of directors and his debut. this Snow Family Constituting the heirs of Terence Snow, who died last August, was the executive chairman of the Canberra airport operator Capital Airport Group.

The lowest critical value is $975 million, down $1 billion last year.

Editor Anuradha Raghunathan's assistance and report. Other reports by Matt Craig, Gloria Haraito, Phisanu Phromchanya, Jessica Tan, Hank Tucker and Jennifer Wells.

Methodology:

The list is prepared using equity and financial information obtained from households and individuals, stock exchanges, annual reports and analysts. Ranking lists individual and family destiny, including those shared among relatives. The valuation of private companies is based on similar companies that are publicly traded. As of January 31, 2025, some stocks with lower public floating may have been adjusted for certain transactions or stocks with lower public fluctuations. The list may also include foreign citizens who have commercial, residential or other relations with the country, or citizens who do not reside but have important business or other relations with the country. Editor reserves the right to modify any information or delete any list based on the new information.

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Special thanks to Govinda Singh, Colliers International, Dan Voellm, AP Hospitality Advisors and other experts who helped us with reporting and valuation.