BILLIONAIRES – AUSTRALIA

It’s Harry at No 1

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Original article by John Stensholt
The Australian Financial Review – Page: 1 & 2 : 27-May-16

Property developer Harry Triguboff has displaced Gina Rinehart as Australia’s wealthiest individual. Triguboff is ranked first on the 2016 "BRW" Rich 200 List, with estimated wealth of $A10.62bn. Anthony Pratt is the nation’s second-richest person, with a $A10.35bn fortune. Rinehart’s wealth has fallen from $A14.02bn in 2015 to just $A6.6bn, ranking her fourth. The combined wealth of the Rich 200 has risen by almost one per cent in 2016, to a record $A197.3bn. The list includes 53 billionaires, while 19 people appear on the exclusive list for the first time.

CORPORATES
MERITON APARTMENTS PTY LTD, WESTFIELD CORPORATION – ASX WFD, CHADSTONE SHOPPING CENTRE, BLACKMORES LIMITED – ASX BKL, WORLEYPARSONS LIMITED – ASX WOR

Teoh works his magic quietly

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Original article by Anne Hyland
The Australian Financial Review – Page: 17 : 22-Sep-15

Australian-listed TPG Telecom is tipped to post 2014-15 earnings of around $A250m, compared with $A192m previously. TPG was founded by David Teoh and his wife Vicky, who hold a 37 per cent stake in the telco and ISP which started out as a single computer hardware store in Sydney and now boasts a market capitalisation of $A8.3bn. TPG has grown via mergers acquisitions in recent years, including SP Telemedia, Pipe Networks, AAPT and iiNet. However, Teoh maintains a low public profile and places much value on his privacy.

CORPORATES
TPG TELECOM LIMITED – ASX TPM, IINET LIMITED – ASX IIN, SP TELEMEDIA LIMITED, PIPE NETWORKS LIMITED, AAPT LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED – ASX SOL, WIN CORPORATION PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Gerry follows Gina into dairy

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Original article by Matthew Cranston
The Australian Financial Review – Page: 31 : 22-Jun-15

Harvey Norman co-founder Gerry Harvey has invested in Coomboona Holsteins, a 2,000-hectare dairy farm in regional Victoria. He is understood to be initially investing about $A20m in the farm, but this could potentially rise to around $A80m. Mining magnate Gina Rinehart is also actively investing in the dairy sector.

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, COOMBOONA HOLSTEINS PTY LTD, HOPE DAIRIES PTY LTD, CHINA NATIONAL MACHINERY INDUSTRY CORPORATION, BANNISTER DOWNS DAIRY COMPANY

Gina drops a lazy $6 billion, but she’s still atop the pile as our richest person

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Original article by John Stensholt
The Australian Financial Review – Page: 1 & 6 : 29-May-15

The personal wealth of iron ore magnate Gina Rinehart is estimated to be $A14.02bn in the latest "BRW" Rich List. Her wealth has fallen by $A5.99bn since 2014, but she remains the wealthiest individual in Australia. Visy Industries’ Anthony Pratt and Meriton’s Harry Triguboff round out the top three, with estimated wealth of $A10.76bn and $A10.23bn respectively. The 2015 Rich List features 49 billionaires, compared with 39 in 2014.

CORPORATES
VISY INDUSTRIES AUSTRALIA PTY LTD, MERITON APARTMENTS PTY LTD, PRATT INDUSTRIES (USA) INCORPORATED, WESTFIELD CORPORATION – ASX WFD, SCENTRE GROUP – ASX SCG, LOWY FAMILY GROUP, SHIMAO PROPERTY HOLDINGS LIMITED, UNIVERSITY OF SOUTH AUSTRALIA, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, CROWN RESORTS LIMITED – ASX CWN, FORTESCUE METALS GROUP LIMITED – ASX FMG

Rich Listers lose billions as sharemarket slides

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Original article by John Stensholt
The Australian Financial Review – Page: Nov-16 : 13-Jan-15

Some Australian billionaires have reasons to be unhappy, as falling shares have had a negative impact on their wealth. Andrew Forrest, James Packer and Kerry Stokes belong to a group whose losses over the past 12 months exceeded $A5 billion combined. Frank Lowy, chairman of Westfield Corporation, is an exception, with the stock gaining 50 per cent in 12 months

CORPORATES
WESTFIELD CORPORATION – ASX WFD, FORTESCUE METALS GROUP LIMITED – ASX FMG, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, WESTRAC EQUIPMENT PTY LTD, CATERPILLAR INCORPORATED, CROWN RESORTS LIMITED – ASX CWN, MESOBLAST LIMITED – ASX MSB, WORLEYPARSONS LIMITED – ASX WOR, FREELANCER LIMITED – ASX FLN, CORPORATE TRAVEL MANAGEMENT LIMITED – ASX CTD, TRANSFIELD SERVICES LIMITED – ASX TSE, VOCUS COMMUNICATIONS LIMITED – ASX VOC, BILLABONG INTERNATIONAL LIMITED – ASX BBG, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP

Palmer stands by China insult

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Original article by Phillip Coorey, Tony Walker
The Australian Financial Review – Page: 1 & 4 : 20-Aug-14

Billionaire businessman and Australian federal MP Clive Palmer is engaged in litigation with Chinese state enterprise Citic Pacific over iron ore royalties. When asked about the lawsuits on TV, he said the Chinese Government was looking to exploit Australia, and he used terms such as "mongrels" and "bastards". The Australian Government as well as business leaders have now sought to repair the damage to the relationship with the nation’s foremost trading partner. Palmer refused to withdraw the attack, other than to clarify it was not aimed at the Chinese people. One of the senators from his Palmer United Party, Jacqui Lambie, also said China’s military expansion posed a serious threat

CORPORATES
PALMER UNITED PARTY, CITIC PACIFIC LIMITED, AUSTRALIAN LABOR PARTY, FEDERAL COURT OF AUSTRALIA, SUPREME COURT OF WESTERN AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, COMMUNIST PARTY (CHINA), AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, THE AUSTRALIAN INDUSTRY GROUP

Rinehart’s charity for billionaires

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Original article by Jonathan Barrett
The Australian Financial Review – Page: 3 : 23-Jun-14

At the 2012 Association of Mining & Exploration Companies (AMEC) congress in Perth, a new award was announced by mining heiress Gina Rinehart. It was to be handed to the identity in the resources sector who did the most to counter attacks by parts of the media, and to voice uncomfortable truths in public. However, the $A50,000 in prize money was not paid in 2013, and nor will the upcoming 2014 AMEC event feature the award. Instead Rinehart gave the funds in November 2013 to fellow billionaire Len Buckeridge, at a National Mining and Related Industries Day ceremony in Brisbane

CORPORATES
HANCOCK PROSPECTING PTY LTD, ASSOCIATION OF MINING AND EXPLORATION COMPANIES, AUSTRALIAN LABOR PARTY, FAIRFAX MEDIA LIMITED – ASX FXJ, BGC (AUSTRALIA) PTY LTD, VISY INDUSTRIES AUSTRALIA PTY LTD