Wealth war: After News Corp initiative, AFR’s Rich List extends to 250

• At the end of this week, The AFR Rich List releases its 2019 rankings

The Australian pre-empted The AFR’s Rich List this year with its Richest 250 from former AFR list editor John Stensholt who defected to News Corp Australia last year.

At the end of this week, The AFR Rich List releases its 2019 rankings and the editor of the list Michael Bailey explains:

Australia’s 201st to 250th wealthiest people will also be revealed.

Rich Listers have to be richer than ever before to earn the title, and poor years for the likes of vitamin mogul Marcus Blackmore and platform pioneer Bruce Neill mean they fall just outside the list of the 200 wealthiest Australians this year.

The cut-off of $472 million for the 2019 Financial Review Rich List, to be published on Friday, is an all-time record.

Accompanying the Rich List proper is a “just missed” list of the 201st to 250th wealthiest people. Given that the total wealth of those on the list increased to $341.8 billion from $282.7 billion in 2018, even some who grew their wealth modestly have fallen off, such as 201-ranked Tony Haggarty.

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