Finance

What Do Australia's Three Richest People Have In Common?

By Gus Lubin
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australia richest
Glasenberg, Rinehart and Forrest 

Gina Rinehart is the richest Australian ever, worth 10.9 billion USD, according to BRW Rich 200.

Ivan Glasenberg debuted on the list with an impressive 9.3 billion USD net worth.

Andrew Forrest placed third with 6.5 billion USD, up nearly fifty percent from last year.

What these billionaires have in common is a big stake in the commodities market. Rinehart inherited a mining empire which expands every year. Glasenberg is CEO of the recently public commodity giant Glencore. Forrest is another mining executive.

Obviously this shows where the money lies in Australia.

For comparison, America's three richest people include two tech entrepreneurs and an investor. Hong Kong's three richest people include two real estate tycoons and an investor.

See Also: Meet The Richest Person In Every Country >

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gus lubin
Gus Lubin
Gus worked at Business Insider from 2009 to 2017. Starting as an intern, he did a bit of everything, launching sections covering lifestyle, science, personal finance, military, and more, eventually serving as executive editor of Business Insider and editor-in-chief of Tech Insider.As a writer, some of his favorite stories looked facial bias, the philosophy of Peter Thiel, Chinese ghost cities, self-driving car ethics, the average family on earth, Wikipedia hoax-hunters, income inequality, bleak futurism, global communication patterns, and the worst hotel in New York.As an editor and executive producer, some of his favorite stories include photo essays from the Canadian tar sands to the streets of Cairo, features about Vine stardom and dog cloning, and a documentary on hacking the grid.Gus graduated from Dartmouth College. He interned at Boston Review, 826 Boston, and Yes! Weekly.
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