Top 10 Richest People in Australia


Here are the Top 10/ten richest People in Australia. Please Comment, Subscribe, Share and Like. Thanks
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Source: Forbes
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A list of the richest people in Australia is compiled by both Forbes Asia magazine and Business Review Weekly. The lists assess the net worth of individuals (and families in the case of BRW) and are published on an annual basis in February and May respectively.Ok, so admittedly it’s not exactly the most stunning eye-candy we’ve ever featured on the site, but with a combined wealth of nearly billion, here are Australia’s 10 richest people. Who are the richest people in Australia in 2013? Who is the richest woman in Australia? Or who is the richest man in Australia? Which is the wealthiest family? For these types of questions, we present the top ten richest persons in the country as well as continent of Australia. We wanted to present the top 100 individuals but that would have made the list too large and unreadable. Hence, we zeroed on top 10 list. Source for this list is Top 50 Richest Australians by Forbes.

A list of the richest people in Australia is compiled by both Forbes Asia magazine and Business Review Weekly. The lists assess the net worth of individuals (and families in the case of BRW) and are published on an annual basis in February and May respectively.

Australians remain the richest people in the world, by one measure at least.
The median wealth of adult Australians stands at $US219,505 (3,504) – the highest level in the world, according to the Credit Suisse 2013 Global Wealth Report, released on Wednesday.
Median wealth is the midpoint between richest and poorest, meaning that 50 per cent of the population has more than 3,504, and 50 per cent less than that.
By the measure of average wealth, Australians fall back to second with $US402,578 per person, ranking behind the Swiss who were the world’s richest on $US513,000.
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Credit Suisse chief investment strategist, Australia, David McDonald said the nation’s household wealth per adult grew by 2.6 per cent in the past year. That was slower than the global average of 4.6 per cent, but Australia still had the best distribution of wealth among developed nations.

The latest Credit Suisse world wealth report released last week showed that, like last year, Australians are the richest people in the world. With a median wealth of US9,500 per adult, we sit comfortably ahead of Luxembourg on 2,768. The US, with a median adult wealth of only ,911, doesn’t even make the top 25.

When counting by average wealth per adult, we drop to second behind Switzerland. Significantly, however, Australia is more equitable than most wealthy nations. Of the top 50 biggest economies, only Belgium, Italy and Finland have less of a difference between median and average wealth.

Ok, so admittedly it’s not exactly the most stunning eye-candy we’ve ever featured on the site, but with a combined wealth of nearly billion, here are Australia’s 10 richest people.

Launch the gallery to read about and view Australia’s 10 richest people.

Australia’s richest people 2013
Overall, Australia now boasts 23 billionaires, in U.S. dollar terms, up from 20 a year ago. And with the country’s appreciating currency and steadily growing economy, only 6 members of the list saw a drop in their wealth from last year, while 30 enjoyed an increase. Five people returned after an absence of a year or more.

Based on the estimated median wealth of 9,505, according to the Credit Suisse 2013 Global Wealth Report released on Wednesday, Australians are the richest people in the world.

The concept of media wealth means that half of the people in a country have that amount of money, while the remaining half have less than that amount.

If it were based on average wealth, then Aussies are only the second richest in the world with an average wealth of 2,578. The richest are Swiss whose average wealth is 3,000

One proof of that is the number of Australian millionaires went up by 38,000 to 1.123 million. About 50 per cent of them moved up the wealth ladder because of exchange rate appreciation.

However, in terms of number of millionaires, the U.S. has the largest number with 13.2 million people have seven-digit wealth, of which 46,000 are considered ultra-high millionaires based on a net worth of million or more.

In contrast, Australia has only 2,059 ultra-high net worth individuals.

North America outpaced Asia Pacific and Europe for the first time since the global financial crisis due to rising house prices and stock market that caused a 12 per cent increase in North American wealth to .9 trillion from mid-2012 to mid-2013

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