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.