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Gina Rinehart Tops Forbes Richest Australian List

Gina Rinehart

Despite  losing a large amount of her wealth because of falling commodity prices, Gina Rinehart still tops Forbes list of Australia’s richest, with real estate developer Harry Triguboff trailing at number two by a large margin. Rinehart, a mining magnate, is worth $11.7 billion while Triguboff’s worth is $5.6 billion, as reported by womensagenda.com. Rinehart’s wealth has fallen $6 billion, but she still retains in the top spot.

Triguboff is known as “high rise Harry” and is the managing director of Meriton, which has built nearly 50, 000 residential dwellings. He was born in China and was the son of Russian Jews who fled there to escape Lenin. Triguboff’s Meriton constructed the World Tower, Sydney’s largest residential apartment building in 2004.

At number 12 and 13 on Forbes rich list for Australia are daughters of Richard Pratt. Number 12 is Fiona Geminder, who is co-owner of the Pact Group and has a net worth of $2.1 billion. At number 13 is Heloise Waislitz, Fiona’s sister, who owns private companies and properties in a portfolio she holds with her husband, Alex Waislitz, called Thorney Holdings. The business is levered to the mining, manufacturing and technology industries.

Fiona Geminder and Heloise Waislitz are heirs to the Pratt fortune. Richard Pratt ran Visy Industries and was a leading figure in Melbourne society. When he passed away, his fortune was valued at $5.48 billion. Pratt was born in Danzig to Jewish parents who emigrated to Australia, and changed their surname from Przecicki to Pratt.

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