BRW Rich List 2015 - Australia's Richest Property Moguls

It's that time of year again for Business Review Weekly to release their BRW Rich 200 list of 2015, a list of Australia's top two hundred wealthiest individuals and families.

In its 32nd year, the list is ranked by net wealth, with the valuations undertaken by BRW journalists and a team of researchers.

It was a good year for those in property with 53 richlisters making their money in the industry, almost double those who made their fortunes in the next most populated industry, retail, with 26 moguls making the BRW Rich list 2015.

Here we have rounded up the top 10 wealthiest property richlisters.

#1 (3 BRW Rich List 2015): Harry Triguboff - $10.23 billion

Harry Triguboff #3 on BRW Rich List 2015.
Harry T

Also known as 'high-rise Harry', Triguboff is the founder and managing director of Meriton, Australia's largest apartment and home builders company. Meriton has built almost 50,000 residential dwellings, as well as holding more than 4,000 units that are rented out or booked as apartment accommodation. As of 2015, Triguboff is Australia's biggest hotel room owner, and showing no intention of slowing done. He has turned down many offers to sell all or part of Meriton.

ALSO SEE: How 'High-Rise' Harry Triguboff Made $10Billion
#2 (4 BRW): Frank Lowy - $7.84 billion

Frank Lowy #4 on BRW Rich List 2015.
Frank Lowy

Frank lowy is best known as the co-founder of the Westfield Group, an operator of over 100 shopping centres across Australia, the United Kingdom, New Zealand, and the United States. As a long time supporter of soccer in Australia Lowy has often been credited as being responsible for resurrecting the game in Australia, eventually being elected as Chairman of the Football Federation Australia. Although Lowy remains as Chairman on the Westfield Corporation board, he's since handed over the running of the business to his sons Peter and Steven.

ALSO SEE: How Frank Lowy Learned To Bounce Back
#3 (5 BRW): Hui Wing Mau - $6.89 billion

 Hui Mang Mau #5 on BRW Rich List 2015.
Hui Wang

After making a surprise addition to BRW's 2013 Rich List, Hui Mang Mau has risen up the ranks. As Chairman of Hong Kong-listed Shimao Property Holdings, Hui has been described as one of the largest property developers in Shanghai. Hui has reportedly held an Australian passport for well over a decade, gradually investing in the Australian property market.

#4 (8 BRW): John Gandel - $4.40 billion

John Gandel #8 on BRW Rich List 2015.
John Gandel

John Gandel wasn't always in the property industry, beginning his career taking over his parent's clothing retail business - Sussan. After growing it into a chain of over 200 stores across Australia he sold the company and began building his own fortune in shopping centres. Gandel is the largest shareholder in Novion, the former CFS Retail Property Trust, which he jointly owns with Chadstone Shopping Centre.


The Man Who Made A Fortune From "Chaddy": John Gandel
#5 (10 BRW): Stan Perron - $2.65 billion

Stan Perron #10 on BRW Rich List 2015.
Stan Perron

Starting his career running a fleet of taxis in Perth, Perron went on the invest just £500 in the Pilbara with Lang Hancock and Peter Wright, entitling him to 15% of any future royalties. His own Perron Investments now holds the bulk of his fortune, and has a half-share in three of Federation's trophy malls.

#6 (11 BRW): Lang Walker - $2.31 billion

Lang Walker #11 on BRW Rich List 2015.
Lang Walker

Walker and his father began the business in the late 1960s as a plant hire and earth moving contractor. After moving into property, The Walker Group undertook the development of a number of small office buildings and lower-density residential projects throughout southern Sydney. After becoming The Walker Corporation Pty Limited the business expanded significantly, beginning to develop larger residential and industrial projects in Brisbane, Melbourne and Sydney. In 2015 alone, he has unveiled a number of project plans both in Australia and overseas, planning to put $430 million into the rejuvenation of Festival Plaza in Adelaide.

#7 (15 BRW): Lindsay Fox - $2.24 billion

Lindsay Fox #15 on BRW Rich List 2015.
Linday Fox

Lindsay Fox is best known as the founder and chairman of family-owned trucking and logistics company Linfox. Now run by his three sons, Linfox has become an empire, with interests in aviation, the Armaguard cash business, and vast commercial developments. Fox now owns Avalon and Essendon Airports with multi-millionaire Max Beck. Beck and Fox are currently completing a massive overhaul of the precinct.

#8 (20 BRW): Gerry Harvey - $1.79 billion

Gerry Harvey #20 on BRW Rich List 2015.
Gerry Harvey

Gerry Harvey is the Executive Chairman and co-founder of Harvey Norman Holdings, the company which runs famous Australian retail chain Harvey Norman. Harvey Norman has as much interest in property as in retail as while most individual stores are held by franchise owners, Harvey Norman owns the stores and distribution centres that service them. Harvey is also considered one of the largest horse racing breeders in the world, owning Baramul Stud and having over 600 thoroughbreds in his stables.

#9 (25 BRW): Maurice Alter & Family - $1.56 billion

Maurice Alter & Family #25 on BRW Rich List 2015.
Maurice Alter

Maurice Alter founded property giant Pacific Group in 1979, with his son Sam now running the business. In the 1950s Alter began investing in commercial estate in Melbourne's eastern suburbs, eventually developing a number of shopping centres. With investments primarily across Victoria and South Australia, Pacific Group have invested an estimated $400 million towards the major renovations in Werribee Plaza and Pacific Epping in Melbourne.

#10 (29 BRW): John Van Lieshout - $1.49 billion

John Van Lieshout #29 on BRW Rich List 2015.
John Van Lieshout

John Van Lieshout made his initial fortune owning the Super Amart furniture business. Even after selling the business in 2006, he managed the keep ownership of many of the stores' buildings, creating a lucrative stream of rent for himself. He continued his foray into the property industry with his Unison Projects company acquiring the 5-star Seahaven Noosa Resort for $39 million, spending a further $16 million upgrading it.

Visit Business Review Weekly for the full 200 rich list.

Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://theurbandeveloper.com/articles/brw-rich-list-2015-property-moguls