"Cardboard king" tops Australia's Rich List again
Source: Xinhua   2018-05-25 13:25:29

CANBERRA, May 25 (Xinhua) -- Australia's cardboard and recycling magnate Anthony Pratt has again topped the list of the nation's wealthiest people, in a Rich List published by the nation's leading business newspaper on Friday.

The Australian Financial Review (AFR) estimated Pratt's wealth to be 9.8 billion U.S. dollars, ahead of apartment developer Harry Triguboff 9.7 billion U.S. dollars and Gina Rinehart 9.6 billion U.S. dollars.

They are among a group of 76 billionaires in Australia, according to the AFR, a figure which jumped by 16 in the past year.

Pratt has more than doubled the size of the businesses founded by his father, Richard Pratt, since his death in 2009.

The 58-year-old executive chairman of Visy Industries and Pratt Industries, the world's largest privately owned packaging and paper company, is now 228 million U.S. dollars better off than 12 months ago, and on Friday in New Zealand is opening a new 76-million U.S. dollar box factory.

The nation's richest 200 people, as calculated by the AFR, held a record 215 billion U.S. dollars in wealth, up 21 percent from last year.

It took a personal fortune of 294 million U.S. dollars to make the list this year, up significantly from 259 million U.S. dollars last year.

The top five industries in which the nation's wealthiest 200 primarily made their fortunes are property (51), retail (22), investment (20), resources (18) and financial services (16).

Men continue to dominate the nation's wealth, with only 19 women in the top 200 and just eight female billionaires in the list of 76.

Editor: Liangyu
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"Cardboard king" tops Australia's Rich List again

Source: Xinhua 2018-05-25 13:25:29
[Editor: huaxia]

CANBERRA, May 25 (Xinhua) -- Australia's cardboard and recycling magnate Anthony Pratt has again topped the list of the nation's wealthiest people, in a Rich List published by the nation's leading business newspaper on Friday.

The Australian Financial Review (AFR) estimated Pratt's wealth to be 9.8 billion U.S. dollars, ahead of apartment developer Harry Triguboff 9.7 billion U.S. dollars and Gina Rinehart 9.6 billion U.S. dollars.

They are among a group of 76 billionaires in Australia, according to the AFR, a figure which jumped by 16 in the past year.

Pratt has more than doubled the size of the businesses founded by his father, Richard Pratt, since his death in 2009.

The 58-year-old executive chairman of Visy Industries and Pratt Industries, the world's largest privately owned packaging and paper company, is now 228 million U.S. dollars better off than 12 months ago, and on Friday in New Zealand is opening a new 76-million U.S. dollar box factory.

The nation's richest 200 people, as calculated by the AFR, held a record 215 billion U.S. dollars in wealth, up 21 percent from last year.

It took a personal fortune of 294 million U.S. dollars to make the list this year, up significantly from 259 million U.S. dollars last year.

The top five industries in which the nation's wealthiest 200 primarily made their fortunes are property (51), retail (22), investment (20), resources (18) and financial services (16).

Men continue to dominate the nation's wealth, with only 19 women in the top 200 and just eight female billionaires in the list of 76.

[Editor: huaxia]
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