Gina Rinehart is no longer the richest person on Forbes Australia’s rich list

Jacob Joseph 29 January 2016

Gina Rinehart-450

Gina Rinehart has been dethroned as Australia's richest woman. She topped Forbes Australia’s rich list for the past five years, but this year her crown was passed to another woman.

Blair Parry-Okeden, an American-born Australian resident, now takes the title.

Parry-Okeden’s net worth is estimated to be $12.5 billion while Rinehart has a net worth of $12.1 billion. The reclusive Parry-Okeden spent her childhood in Hawaii and migrated to Australia many years ago. She moved to Australia because her ex-husband is from Australia. Parry-Okeden is an Australian citizen and lives in Scone, a rural village known for horse farms.

Following her mother’s death in 2007, Parry-Okeden received a quarter of Cox Enterprises, which is America’s third largest cable TV company.

The highest paid CEOs in Australia

Rinehart’s wealth has fallen by $US 3.2 billion over the last year because iron ore prices fell and damaged the value of her shares in Hancock Prospecting.

Rinehart lost the most amount of money when it comes down to dollars, however, another iron ore magnate Andrew Forrest, took a dive and his wealth took the highest percentage drop falling 41%. This setback sent him down 12 spots on the rich list to number 22.

Top 10 richest Australians (Net worth):

  1. Blair Parry-Okeden ($AU 12.40 billion)
  2. Gina Rinehart ($AU 11.97 billion)
  3. Harry Triguboff ($AU 9.72 billion)
  4. Frank Lowy ($AU 7.04 billion)
  5. Anthony Pratt ($AU 5.07 billion)
  1. James Packer ($AU 4.93 billion)
  2. John Gandel ($AU 4.51 billion)
  3. Lindsay Fox ($AU 3.94 billion)
  4. David Teoh ($AU 2.75 billion)
  5. David Hains ($AU 2.68 billion)

22 inspiring female Aussie entrepreneurs
Celebrity net-worth round-up

More great ideas from finder.com.au

Get a life insurance quote
Get a life insurance quote

Find out what it costs to protect yourself and your family

More info...
Refinancing home loans
Refinancing home loans

Choose from offers with rates as low as 3.39% p.a.

More info...
Google Pixel
Google Pixel

Compare plans for Google's flagship Android phone

More info...
Christmas ideas
Christmas ideas

Visit our Christmas homepage for gift ideas, markets, travel & deals

More info...

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback