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Property major source of wealth

Property retains its status as the major source of wealth for BRW rich listers.

Despite all the attention the mining billionaires get, property still retains its status as the major source of wealth for BRW Rich listers.

Some 54 of the wealthiest 200 have property as the source of their wealth.

Next follow those who made money from services (28) and then resources (22), investment (21), retail (20), then rural, technology, manufacturing, entertainment and construction.

Frank Lowy’s $6.47 billion wealth holds third place behind Gina Rinehart and Ivan Glasenberg.

Then Harry Triguboff sits in seventh place, with an estimated $4.85 million wealth.

John Gandel is ranked 10th with a $3.45 million worth.

Source: Property Observer

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