Australia’s top ten plutocrats

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From the newly released book of Mammon comes Australia’s top ten most wealthy totaling $73 billion:

1. GINA RINEHART: $20.01 billion, mining
2. ANTHONY PRATT: $7.64 billion, packaging
3. JAMES PACKER: $7.19 billion, gambling
4. FRANK LOWY: $6.87 billion, shopping centres
5. IVAN GLASENBERG: ? mining
6. HUI WING MAU: $6.35 billion, property
7. ANDREW FORREST: $5.86 billion, mining
8. HARRY TRIGUBOFF: $5.5 billion, property
9. JOHN GANDEL: $4.08 billion, shopping centres
10. KERR NEILSON: $3.35 billion, funds management

Yeh, that pretty much sums up ye auld economy. Gina, Andrew and Ivan bring in the dough. Hui and Harry leverage it up. John, James and Frank enjoy the proceeds.

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Anthony really needs to emigrate.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.