RICH PEOPLE – AUSTRALIA

Forbes deflates Clive’s much-loved billions

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Original article by Andrew Main
The Australian – Page: 3 : 30-Jan-15

Mining magnate Gina Rinehart remains Australia’s wealthiest individual, according to "Forbes" magazine. The US publication estimates Rinehart’s wealth to be $US11.7bn. Real estate developer Harry Triguboff is second on the list of Australia’s 50 richest people, with net wealth of $US5.6bn. However, Clive Palmer failed to make the list, which required wealth of at least $US550m ($690m)

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FORBES INCORPORATED, PACIFIC SHOPPING CENTRES AUSTRALIA PTY LTD, ATLASSIAN SOFTWARE SYSTEMS PTY LTD

Fears spur rethink on tax transparency

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Original article by Nassim Khadem
The Australian Financial Review – Page: 7 : 5-Dec-14

The Australian Government will consider concerns raised by privacy groups and wealthy individuals about the new tax disclosure laws. Under the changes, which will come into effect in July 2015, the Australian Taxation Office will publish information about the taxes paid by 1,600 public and private companies with $A100 million or more in annual turnover. Wealthy business owners oppose the new laws because they fear they could be kidnapped if criminals find out how wealthy they are

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AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, CLAYTON UTZ, ERNST AND YOUNG, APPLE INCORPORATED, GOOGLE INCORPORATED, LIBERAL PARTY OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, DELOITTE TOUCHE TOHMATSU LIMITED

Ahh, to be young … and rich

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Original article by John Stensholt, Michael Bailey
The Australian Financial Review – Page: 10 & 11 : 31-Oct-14

Members of "BRW" magazine’s 2014 Young Rich List have a combined wealth of $A8.3bn. The list is headed by Mike Cannon-Brookes and Scott Farquhar of software group Atlassian, who are collectively worth $A2.1bn. They are followed by Campaign Monitor’s Dave Greiner and Ben Richardson, who are worth a combined $A500m. Carman’s Fine Foods’ Carolyn Creswell is the highest-ranked woman on the list, with personal wealth of $A83m

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ATLASSIAN SOFTWARE SYSTEMS PTY LTD, CAMPAIGN MONITOR PTY LTD, CARMAN’S FINE FOODS PTY LTD, T ROWE PRICE GROUP INCORPORATED, DRAGONEER INVESTMENT GROUP LLC, INSIGHT VENTURE PARTNERS, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, TESCO PLC, J SAINSBURY PLC, VANTAGE, YAHOO! INCORPORATED, AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, REWARDLE HOLDINGS LIMITED – ASX RXH, BPM CONSTRUCTION AND DEVELOPMENT GROUP

Ainsworth up $200m, doesn’t notice

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Original article by John Stensholt
The Australian Financial Review – Page: 1-Oct : 26-Jun-14

Ainsworth Game Technology chair Len Ainsworth ranks 19th in the 2014 "Rich List" compiled by "BRW", after his personal fortune grew $A200m to $A1.82bn. This was largely due to the strong share price gains of competitor Aristocrat Leisure, the group established by Ainsworth some six decades ago. Others on the list to boost their wealth via stock market gains include Andrew and Paul Bassat of SEEK, and John and Robert Kirby of Village Roadshow. Among those suffering declines are Graeme Wood of Wotif.com, Silviu Itescu of Mesoblast and Peter Bond of Linc Resources

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AINSWORTH GAME TECHNOLOGY LIMITED – ASX AGI, ARISTOCRAT LEISURE LIMITED – ASX ALL, SEEK LIMITED – ASX SEK, VILLAGE ROADSHOW LIMITED – ASX VRL, WOTIF.COM HOLDINGS LIMITED – ASX WTF, MESOBLAST LIMITED – ASX MSB, LINC ENERGY LIMITED, UNIVERSITY OF QUEENSLAND