Wednesday, April 02, 2014

Rich Aussies

In Australia, the rich are also getting richer.

The collective fortune of Australia’s executives has swelled by 16.7% in a year, dwarfing the 4.6% growth of the S&P/ASX 200. The average remuneration package for executives in the list rose from $2.7m per person to $3.6m.

Rupert Murdoch holds more wealth than the next four people combined, with $12.6bn, up from $9.3bn in 2013.
In second place with $6.2bn is the chairman of Crown Resorts, James Packer, followed by Kerr Neilsen of Platinum Asset Management, another media mogul, Kerry Stokes, and David Teoh, executive chairman of TPG Telecom, who tipped over into the billionaire’s club in 2014 to round out the top five.
The list looks only at ASX 200-listed companies, discounting the likes ofGina Rinehart, Australia’s richest individual, and mining magnate-turned-politician Clive Palmer

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