Andrew Heathcote Rich Lists editor

Andrew is BRW's Rich lists editor and is responsible for the Rich 200 and Young Rich flagship issues. He also reports on matters relating to wealth and investment for BRW and The Australian Financial Review.

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Rinehart tops Glasenberg, Packer, to again top Forbes’ richest Australian list

Published 01 February 2013 12:29, Updated 01 March 2013 10:47

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Rinehart tops Glasenberg, Packer, to again top Forbes’ richest Australian list

US magazine Forbes has named iron magnate Gina Rinehart as the richest Australian with a net worth of $US17 billion ($16.3 billion), down from $US18 billion last year.

Despite the fall, Rinehart’s wealth is estimated to be $10 billion more than the next wealthiest Australian citizen. Glencore chief executive Ivan Glasenberg is second with US$6.7 billion ($6.4 billion), down from US$7.3 billion last year.

James Packer is third richest Australian according to the Forbes list with $US6 billion ($5.8 billion) up from $US4.7 billion in 2012.

The magazine names Westfield co-founder Frank Lowy $US5.3 billion ($5.1 billion) and miner Andrew Forrest $US4.8 billion ($4.6 billion) as the fourth and fifth wealthiest respectively.

Len Ainsworth was named as one of 23 Australian billionaires after his estimated net wealth rose to $US1 billion ($960 million) on the back of a strong rise in the share price of poker machine company Ainsworth Game Technology.

Forbes says Mexican telecommunications entrepreneur Carlos Slim Helu is the richest person in the world, with an estimated net worth of $US69 billion ($66 billion).

Americans Bill Gates $US61 billion ($59 billion) and Warren Buffett $US44 billion ($42 billion) are said to be the world’s second and third wealthiest people.

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