Radio millionaires in BRW Rich List

Business review Weekly has just released its rich list for 2016.

Among the top media names on the 2016 BRW Rich 200 are:

Kerry Stokes, who comes in 25th, with individual wealth of $1.71 billion. As well as beign the biggest shareholder in Channel 7, Stokes’ company, Seven West Media, also owns Spirit Radio Network in West Australia.

Win TV’s Bruce Gordon is 54th in the rich list, with a fortune of $990 million. As well as his tv interests, Gordon owns i98 in Wollongong and C91.3 Campbelltown.

Macquarie Radio Network’s John Singleton, has a personal wealth of $416 million and comes in at 155 on the BRW Rich List.

The top people on the list are:

Harry Triguboff, who tops the BRW Rich 200 for the first time in the list’s history. The property developer’s wealth has reached a record $10.62 billion.

Anthony Pratt is #2 on the list with wealth of $10.36 billion.

Frank Lowy is #3 with wealth of $8.26 billion.

Gina Rinehart falls from number one for the first time in five years, moving to #4 with $6.06 billion.

There are 53 billionaires on this year’s list – the most ever. They include another billionaire debutant in Jonathan Munz, whose family recently floated plumbing manufacturer Reliance Worldwide Corporation, at position 50 with $1.07 billion wealth.
Several billionaires have suffered falls in wealth, including James Packer. His wealth is down more than $1 billion to $5 billion thanks to a falling share price for Crown Resorts and a legal settlement that sees his sister Gretel Packer (number 77 with $739 million wealth) also debut on the list.

Full details are in the Australian Financial Review.


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