Live Australia's realtime rich list: $228.3M lost overnight
Australian billionaires lost a combined $228.3 million overnight on Forbes Australia’s live australias realtime rich list for Monday, 20 July. Richard White led the falls with a $75.1 million drop, while Mario Verrocchi posted the biggest gain as listed fortunes swung with the market.
Key Takeaways
- Australian billionaires shed $228.3 million overnight on the Forbes Australia tracker.
- Richard White led losers at −$75.1 million; Michael Heine fell $42.6 million and Andrew Forrest $33.5 million.
- Mario Verrocchi gained $18.6 million; Anthony Hall and Sam Hupert each rose $13.3 million.
- Gina Rinehart remains Australia’s richest person at $24.9 billion, ahead of Harry Triguboff at $22.9 billion.
The overnight move matters because Forbes Australia’s list is the country’s only real-time billionaires tracker, feeding off the Forbes Real-Time Billionaires methodology. Public holdings refresh every five minutes when markets are open, so rankings can shift within a single session.
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Who tops Australia’s real-time rich list today?
Mining magnate Gina Rinehart holds the No. 1 spot with a $24.9 billion fortune and a global rank of No. 101. Meriton founder Harry Triguboff is second at $22.9 billion.
Andrew Forrest and family sit third at $18.4 billion after a $33.5 million decline. Anthony Pratt ($11.5 billion) and Frank Lowy ($8.8 billion) round out the top five, with Atlassian cofounder Mike Cannon-Brookes sixth at $8.2 billion after a modest $1.5 million rise. Scott Farquhar follows at $7.8 billion, with Vivek Chaand Sehgal at $7.7 billion.
Who gained and lost the most overnight?
According to Forbes Australia’s Monday update, Richard White’s fortune fell $75.1 million, or about 2.05%, leaving him worth $3.6 billion. Michael Heine dropped $42.6 million, and the Wilson brothers—Bruce, Alan and John—each lost $27.6 million. Kerry Stokes also slipped $9.5 million to $7.5 billion.
On the upside, Chemist Warehouse cofounder Mario Verrocchi added $18.6 million to reach $5.8 billion. Pro Medicus cofounders Anthony Hall and Sam Hupert each gained $13.3 million, while John Gandel rose $10.2 million and Sam Gance $10.1 million.
How does the live realtime rich ranking get updated?
Forbes updates the value of publicly traded holdings every five minutes during market hours, with a 15-minute delay on stock prices. Fortunes tied mainly to private companies are refreshed once daily, often using industry or regional indexes from FactSet Research Systems.
Biggest-gainer and biggest-loser figures compare each billionaire’s fortune with the previous trading day’s market close. Full rankings and bios remain available on the Forbes Australia real-time rich list.