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Australia’s wealthiest individuals have amassed a staggering collective fortune of $243 billion, representing a 10 per cent increase from the previous year, even as the cost of living crisis continues to challenge many citizens. Notably, mining mogul Gina Rinehart experienced a 4 per cent decline in her net worth over the past year. However, the surge in fortunes among the country’s tech industry leaders has more than compensated for this dip.
The latest Forbes 2025 list unveiled some fresh faces, including the inclusion of a new millionaire, following a slight adjustment in the minimum wealth requirement from $1 billion to $975 million.
For more insights, check out the top 10 richest Australians making headlines this year.