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Who are Australia’s nine female billionaires?

Amid recent reports that Australia is the second most popular location for millionaires to migrate to, surpassing the USA, it can be revealed that Australia is home to the fifth-highest number of female billionaires in the world.

That’s according to the latest study from City Index, which scraped the Forbes live billionaire tracker to find the country that is home to the most female billionaires.

Countries with the most female billionaires

Rank

Country

Number of female billionaires

SUV_Expo_2024_Meblbourne

1.

United States

92

2.

China

46

3.

Germany

32

4.

Italy

16

=5.

Australia

9

=5.

India

9

=5.

Hong Kong

9

=8.

Spain

8

=8.

Switzerland

8

=10.

Brazil

7

=10.

Sweden

7

=12.

France

6

=12.

Canada

6

=14.

Denmark

4

=14.

Israel

4

Australia has the fifth-highest number of female billionaires

Australia has the fifth-highest number of female billionaires (9), tying with India and Hong Kong. While each country represents less than a tenth of the number of female billionaires in the US, Australia’s self-made billionaires stand-out. Australia’s female billionaires include Canva co-founder Melanie Perkins (net worth $3.62bn) and mining magnate Gina Reinhart (net worth $43.17bn), who are both from Perth, Western Australia.

According to City Index, the United States has the highest number of female billionaires in the world with 92 in total, double that of China in second place with 46. While the US might be home to some of the highest profile male billionaires, 4 out of the 5 richest women in the world, including Walmart heiress Alice Walton, also hail from the states.

Germany takes third place with 32 female billionaires, just over a third of that of the US. These include German automotive empire heiress Susanne Klatten ($27.58bn), and the family of Francine von Finck ($8.27 bn), daughter of late billionaire businessman August von Finck Jr.

In fourth place, the second European country in the top ranking, Italy, is home to 16 female billionaires, half that of nearby Germany. Campari heiress Alessandra Garavoglia ($3.44bn) and iconic designer Miuccia Prada ($5.24bn) head up the list of Italian female billionaires, a testament to the country’s love of food and fashion. 

Australian female billionaires with the highest net worth

Rank

Name

City

Net worth (billions AUD)

1.

Gina Rinehart

Perth

$43.17

2.

Melanie Perkins

Perth

$5.27

3.

Fiona Geminder

Melbourne

$3.77

4.

Heloise Pratt

Melbourne

$3.17

5.

Ginia Rinehart

Sydney

$3.16

=6.

Bianca Rinehart

Brisbane

$3.14

=6.

Hope Welker

New York

$3.14

8.

Gretel Packer

Sydney

$2.20

9.

Angela Bennett

Perth

$2.18

The Rinehart family make up almost half (44%) of Australia’s female billionaires, with heiress and mining tycoon Gina Rinehart’s $43.17 billion AUD net worth taking first place, making her the richest woman in Australia. Her three daughters, Ginia Rinehart, Bianca Rhinehart and Hope Welker are all worth at least $3 billion AUD, with Bianca and Hope each worth $3.14 billion, and Gina taking the edge with $3.16 billion — still just 7% of her mother’s current fortune.

Canva mogul Melanie Perkins takes second place with her $5.27 billion AUD net worth, an 88% drop from Gina Rinehart’s colossal wealth. Melbourne’s heiress sisters Fiona Geminder and Heloise Pratt are worth $3.77 billion AUD and $3.17 billion AUD respectively, with Fiona’s $7m increase likely due to her stakes in Visy and Pact Group.

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