Property has emerged the clear winner behind the rising fortunes of Australia’s billionaires, with twice as many of the mega-rich on the latest Financial Review Rich List making their fortune from it than any other industry.

Of the 200 mega wealthy on the list 51 made their riches in the property sector, leaving retail a distant second with 22 rich listers, investment with 21, resources with 18 and financial services with 16.

Sydney’s apartment king Harry Triguboff has shaken off the property price slowdown to close in on the top spot held by cardboard manufacturer Anthony Pratt, with a personal fortune of $12.77 billion, up from $11.45 billion last year.

Fore more information read the full article here at domain.com.

Share this post