Take a look at Australia’s five richest people

Published 26 May 2010 14:46, Updated 26 May 2010 15:20

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1) Frank Lowy Fifty years after establishing a fledgling shopping centre business called Westfield Development Corporation, Lowy is now Australia’s richest person and Westfield is a $30 billion global corporation with shopping centres throughout Australia, New Zealand, the US and the UK.

Wealth: $5.04 billion - Industry: Shopping centres, investment - City: Sydney - Age: 79Louie Douvis

2) Gina Rinehart Having fought hard throughout the 1990s to retain control of the mining interests her father Lang Hancock created, Gina Rinehart has continued to build her personal wealth and expand production across her resources empire.

Wealth: $4.75 billion - Industry: Resources - City: Perth - Age: 56Nelson Ching

3) Anthony Pratt &family One year after taking over the family business, following the death of his father Richard Pratt, Anthony Pratt has harnessed the economic recovery to post a double-digit increase in profits for cardboard and recycling giant Visy.

Wealth: $4.60 billion - Industry: Manufacturing, investment - City: Melbourne - Age: 50 Paul Rovere

4) Andrew Forrest Andrew Forrest’s famous confidence in Fortescue, which he joined in 2004 after being ousted from Anaconda Nickel when it almost collapsed, continues unabated and his personal wealth has climbed on a recovery in the company’s share price.

Wealth: $4.24 billion - Industry: Resources - City: Perth - Age: 48Louise Kennerley

5) Harry Triguboff The owner of residential construction company Meriton Apartments, Harry Triguboff has expanded his wealth by maintaining control of many of the apartments he builds and through a housing shortage in the Sydney market that has pushed rents up.

Wealth: $4.20 billion - Industry: Property - City: Sydney - Age: 77Glenn Hunt