The top 5 in the annual BRW 200 Rich list of Australia were released earlier this week, with mining executives occupying the four of the five positions . Continued growth in commodity prices led to substantial increases in wealth of those who obtain wealth from mining operations.
5. Clive Palmer
Net Worth: $5.05 billion
Sources of wealth:
Mineralogy (mining company)
Resourcehorse (mining company)
Gold Coast united (A-league soccer club)
No stranger to the BRW rich list, Clive Palmer moved up to fifth spot this year on the back on continued strength in commodity prices, in particular thermal coal and iron ore. Palmer increased his net worth by 1.13 billion from last year. Palmer is the final stages of listing his Resourcehourse – iron ore and coal operations on the Hong Kong stock exchange.
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