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Published 24 May 2012 00:01, Updated 24 May 2012 00:07
A tough year has meant fewer people forced their way onto the Rich 200 this year. There are 13 newcomers, down from last year’s record 28.
Only one newcomer has made his fortune in resources. Edek Choros debuts with $310 million due to the planned listing of thermal coal producer Ambre Energy this year.
Graham Tuckwell has the honour of making the richest debut, with $775 million.
His Britain-based company, ETF Securities is an issuer of exchange-traded products.
Christopher Thomas joins the list with $365 million thanks to the meat processing business T&R Pastoral, which had $1 billion in revenue last financial year.
Brotherly teamwork looks to be a theme this year as the list features three pairs of brothers. Andrew and Michael Buxton’s $325 million fortune is mainly derived from their property development business, MAB Corporation.
Andrew and Paul Bassat ($220 million) return to the list due to some growth in the share price of Seek, the online job advertising company.
The youngest pair of brothers is Gabby and Hezi Leibovich ($240 million).
They own a majority stake in online retailing group CatchOfTheDay.com.au, which sold a 40 per cent stake to a consortium of investors including James Packer and Andrew Bassat last year.
Therese Rein, wife of former prime minister Kevin Rudd, also joins the list. Her employment services firm, Ingeus, won a billion-dollar contract from the British government last year.
A family that got rich driving (and owning) buses also debuts. Ken Grenda ($245 million) sold his bus business, Grenda Transit Management, to Ventura Bus Lines late last year for a reported $400 million.
BRW Young Rich member Ashley Williams makes it onto the Rich 200 with an estimated fortune of $215 million. He joins mentor, business partner and returning Rich 200 member, Ron Walker ($800 million).
Spiros Alysandratos returns to the list with $245 million. He has amassed his wealth through Consolidated Travel, a travel wholesaler and service provider.