Westfield’s Frank Lowy rises above Ivan Glasenberg as second richest Australian with Meriton’s Harry Triguboff up to sixth richest on 2013 BRW Rich list

Westfield’s Frank Lowy rises above Ivan Glasenberg as second richest Australian with Meriton’s Harry Triguboff up to sixth richest on 2013 BRW Rich list
Westfield’s Frank Lowy rises above Ivan Glasenberg as second richest Australian with Meriton’s Harry Triguboff up to sixth richest on 2013 BRW Rich list

Westfield co-founder and chairman Frank Lowy has risen above mining boss Ivan Glasenburg to be Australia’s second richest with a $6.87 billion fortune, according to the 2013 BRW Rich List.

Top of the list is Gina Rinehart, worth $22 billion, but her fortune has slid $7.15 billion.

Last year Frank Lowy had a fortune of $6.47 billion, according to BRW magazine.

Barangaroo Casino developer James Packer is up from sixth to third with a $6 billion fortune.

Meriton boss Harry Triguboff, who turned 80 this year, has risen up one place from seventh to sixth with a fortune estimated at $4.95 billion up from $4.85 billion a year ago.

Shopping centre king John Gandel, is ranked eighth with a $3.7 billion fortune up from $3.35 billion while further down the list retailer Solomon Lew’s wealth has risen from $1.15 billion to $1.7 billion.

Glencore Xstrata chief executive Ivan Glasenberg's wealth declined from $7.4 billion in 2012 to $5.61 billion this year, ranking him fifth.

WA shopping centre magnate Stan Perron, whose Perron Investments Group paid a post-GFC record of $690.4 million to acquire a 50% share in a portfolio of three Centro flagship regional shopping centres last May, has risen from 15th to 14th richest Australian with his personal fortune rising from $2.05 billion to $2.33 billion.

Propety developer Lang Walker, whose Walker Corporation is building the $1.3 billion Collins Square in Docklands as well as projects in Malaysia, Canada and the US, has slid from 13th to 18th richest Australian with his wealth declining marginally from $2.1 billion to $2.09 billion.

Melbourne-based shopping centre developer Maurice Alter, who developed the Rundle Place shopping mall in the Adelaide CBD, ranks 20th with a $1.78 billion fortune. Last year he also ranked 20th, but with a smaller $1.5 billion fortune.

Further down the list, Queensland property developer Kevin Seymour has ranked 82nd, worth $580 million. Last year he was worth $550 million and ranked 73rd.

Aussie Home Loans founder John Symond has fallen from 83rd richest Australian to 91st richest Australian, though his wealth has remained unchanged at $490 million. The mortgage broking business is now owned by the Commonwealth Bank.

Sydney-based hotel magnate Robert Magid, also the publisher of the Australian Jewish News, is worth $360 million, ranking him 130th richest Australian, down two places from 128th last year, when he was worth $330 million.

Embattled coal baron Nathan Tinkler, who has put his acreage mansion up for sale dropped out of the BRW Rich 200, which has an entry price of $235 million.

Last year the entry price was $210 million, just enough for Therese Rein to squeeze in.

Bottom place this year goes to Sydney fund manager David Paradice.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Comments

Be the first one to comment on this article
What would you like to say about this project?