According to last month’s AFR Rich List, Australia’s richest man is packaging magnate Richard Pratt and his impressive $12.9 billion fortune.
Yet, the tile probably belongs to none other than media honcho Rupert Murdoch after his personal fortune was revealed at a staggering $US19.2 billion or $26 billion in Aussie money.
Murdoch, of course, is a US citizen, hence why he’s never included in the AFR’s annual list of the mega rich.
According to Forbes’ just released list of the world’s billionaires, the Australian-born Murdoch is now the 56th richest human being on the planet.
Murdoch’s personal wealth has skyrocketed lately following Disney’s offer to buy Murdoch’s 21st Century Fox for $US52.4 billion. It’s also expected that another player, Comcast, will counter Disney with an even bigger offer, sending Rupert’s bank balance even higher.