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.