Atlassian warns AI won’t magically lift productivity

“You can have 90 per cent of your workforce using AI, but still there is no AI transformation happening at the company level”

Life

Issue 23

Billionaires

Australia’s Richest People

57 Billionaires in Australia· $243.9B Combined Wealth· $53B Total Wealth of Women Billionaires· 13 Made Their Fortune in Mining· Biggest Gainer (24 hrs): Mike Cannon-Brookes, +$431.3M· Biggest Loser (24 hrs): Andrew Forrest, -$31.2M· Youngest Billionaire: Ed Craven, 30· Oldest Billionaire: Frank Lowy, 95· Richest Australian: Gina Rinehart, $25.0B· 57 Billionaires in Australia· $243.9B Combined Wealth· $53B Total Wealth of Women Billionaires· 13 Made Their Fortune in Mining· Biggest Gainer (24 hrs): Mike Cannon-Brookes, +$431.3M· Biggest Loser (24 hrs): Andrew Forrest, -$31.2M· Youngest Billionaire: Ed Craven, 30· Oldest Billionaire: Frank Lowy, 95· Richest Australian: Gina Rinehart, $25.0B

Top Ten

Total Wealth: $126.3B Up $1.01B
1Gina Rinehart
Gina Rinehart$25.0BNo change
2Harry Triguboff
Harry Triguboff$22.9BNo change
3Andrew Forrest
Andrew Forrest & family$18.3B▼ -$31.2M
4Anthony Pratt
Anthony Pratt$11.9BNo change
5Frank Lowy
Frank Lowy$8.8BNo change
6Mike Cannon-Brookes
Mike Cannon-Brookes$8.3B▲ +$431.3M
7Scott Farquhar
Scott Farquhar$8.0B▲ +$426.4M
8Vivek Chaand Sehgal
Vivek Chaand Sehgal$7.9B▲ +$181.3M
9Melanie Perkins
Melanie Perkins$7.6BNo change
9Cliff Obrecht
Cliff Obrecht$7.6BNo change

*Last updated July 29, 2026. All figures are in USD.


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