Rich Listers is having a pretty good epidemic

The ‘official’ rich list is out, but the flexible criteria and the meaning of the alternative group (or groups) of families may not reflect the reality of the actual picture.

Gina Rainihart, Clive Palmer and Andrew “Tuggy” Forrest (Image: AAP)

If you ever need to confirm that the global epidemic is tougher on the poor than the rich, go out and buy yourself a copy today Australian Financial Review 2021 Rich List.

Out of 200 individuals, families, or listed couples, only 322 have seen a decrease in their estimated wealth.

Endless money print and record low interest rates have become a bonanza for the lucky few who control the epidemic and they have seen prices rise over the past year. And the higher you go on the list, the bigger the jump in valuation, with only three of the top 0 falling in their wealth.

Focusing on the top, mine successor Gina Reinhart has a record १ 1.06 billion, with Perth-based iron rival Andrew “Tuggy” Forrest adding १ 2.115 billion.

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This is a combined लागि 31 billion for two large iron ore barons, and before the collective valuation of Gina’s four adult children who collectively own 2 Pro% Hancock Prospectus and each have their own entry of .3 2.3131 billion, which Total of family0. Billions upon billions of dollars.

Meanwhile, poor old Western Australian taxpayers who are actually sources of iron that have made some families rich are still struggling for service. state $ .. Total state debt of 7 billion After June 300, 2020, A record orrow 11 billion orrow Rolling over existing long-term debt in 201-20-201.

Such as Creek Mentioned in JanuaryWA taxpayers are expected to benefit from more than १० 10 billion in Iron Air royalties in 2020-21, up from १ 1.1 billion in 200-0-08. Yet it is still the beggar’s belief that the world’s richest mineral has a negative net worth after the biggest boom in history.

The presence of five different Rineharts on the list highlights the biggest discrepancy in how it is put together.

As you can see, dozens of wealthy families, including longtime wealthy dynasties such as the Myers, Smorans, and Lieberman families in Melbourne, have not been mentioned once.

However the Rhinehart, Packer, Pratt, Basin, Murdoch and Kennard family favorites are allowed to scoop up multiple individual entries.

Some couples show up as single entries – like Gary Harvey and Katie Page, and TPG Telecom’s David and Vicky Teoh – but many other wives, brothers and children aren’t particularly focused on the older male family patriarch.

For example, the Reese Plumbi empire is controlled equally by the three Wilson brothers but collectively a record $ billion. Billion is billion and the single entry is focused solely on the president’s “assets” Alan Wilson and family.

If the Reinhart family were given five entries in the 200s, would Wilson be entitled to three more than 200, if each brother owned a separate stake in the 1 billion rage?

The same thing has happened to the Einsworth family, which has a combined value of ed 1 billion, although 97-year-old patriarch Lane Einsworth gave his seven children to Pok रा Rhine Aristocrat Ledger more than 20 years ago.

Other notable entries include Lachlan Murdoch at 22, thanks to a recovery in Disney’s share price from .7 7.766 billion to .4 4.4343 billion. His old man Rupert died 198. He has never been mentioned on the Fairfax / Nine Rich list since renouncing his Australian citizenship.

Australian citizenship, and wealth armor measurements are not tied to the family empire, are the two main criteria for inclusion, so why Of Of AFR List Presents a bunch of foreign-based entrepreneurs that most people have never heard of.

This includes Hong Kong-based mogul Hua Wing Mau, who was one of the first 10 people to lose 1.0.06 billion to .7 11.7 billion. Ivan Glasenberg, the chief executive of Glencore, who grew up in South Africa and lives in Switzerland, but leaves out.th .4..4 Billionaire’s place on the list since he withdrew his Australian citizenship in 1986 after a brief stint in Australia.

Another problem AFR Top 200 and Of Australia Competing in the top 2 250s, is this cut off ridiculously 90 90 90 million and 50 5050 million respectively.

They completely defeat thousands of wealthy Australians, some of whom have been captured Alternative rich list More than अ 20 million from more than 2,000 Australians If I lose someone, drop me a line [email protected].

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Peter Fry

Peter Fry
Editor-in-Chief Creek

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