With a worth of $11.01 billion, executive chairman of Seven West Media Kerry Stokes is the richest media mogul in the country, according to The Australian’s 2024 edition of The List: Australia’s Richest 250.
Stokes came in at #9, well ahead of the next-richest media executive, James Packer, who was #25 with a worth of $4.20bn, followed by Lachlan Murdoch at #33 with a worth of $3.70bn, and Bruce Gordon at #154 and $1.03bn.
Stokes’ Richest List write up
Atlassian’s Mike Cannon-Brookes and Scott Farquhar placed #6 and #7, worth $22.92bn and $22.65bn respectively. From Canva, Cliff Obrecht and Melanie Perkins took out #10 and #11 with a combined worth of $10.92bn.
Philanthropist Judith Neilson, who champions journalism and storytelling via the Judith Neilson Institute for Journalism and Ideas, took out the #124 spot with a worth of $1.20bn.
Unsurprisingly, Gina Rinehart topped the list. The top five was rounded out by Fortescue Metals Group and Tattarang Capital’s Andrew Forrest and Nicola Forrest, Visy executive chairman and owner of Pratt Industries, Anthony Pratt, and Harry Triguboff, the founder and owner of Meriton.
The list of affluent people was published today in The Australian in a gloss large-format magazine, as well as at richest250.com.au.
Now in its sixth year, the Richest 250 has been curated by an advisory panel assembled by the newspaper. Business journalist and editor of The List, John Stensholt, has overseen the editorial development.
The List includes 159 billionaires (up from 139 last year), 23 newcomers, and 20 people aged 40 and younger. The average age of members is 64, and almost 45% of the richest Australians reside in NSW, with the most popular suburbs being Point Piper, Vaucluse, Hunters Hill, and Mosman.
The List: Australia’s Richest 250 – Top 20 2024
1. Gina Rinehart – $50.48 billion
2. Andrew Forrest – $37.17 billion
3. Nicola Forrest – $37.17 billion
4. Anthony Pratt & family – $27.66 billion
5. Harry Triguboff – $26.01 billion
6. Mike Cannon-Brookes – $22.92 billion
7. Scott Farquhar – $22.65 billion
8. Clive Palmer – $21.92 billion
9. Kerry Stokes – $11.01 billion
10. Cliff Obrecht – $10.92 billion
11. Melanie Perkins – $10.92 billion
12. Frank Lowy – $10.26 billion
13. Richard White – $9.72 billion
14. Ivan Glasenberg – $9.42 billion
15. Alan Wilson & family – $9.07 billion
16. Vivek Sehgal – $6.52 billion
17. The Lang Walker family – $6.01 billion
18. John Gandel – $5.53 billion
19. Lindsay Fox – $4.95 billion
20. Len Ainsworth & family – $4.92 billion