Duncan Welgemoed, owner and head chef at Africola. Image: Supplied

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After a failed $40 million deal, Michelin is finally coming to Australia

The world’s most influential restaurant guide is headed Down Under – just not where you might expect.

Featured

Women's Summit

Australia’s Richest People

56 Billionaires in Australia · $246B Combined Wealth · $54B Total Wealth of Women Billionaires · 13 Made Their Fortune in Mining · Biggest Gainer (24 hrs): Andrew Forrest, +$294.1M · Biggest Loser (24 hrs): Richard White, -$148.9M · Youngest Billionaire: Ed Craven, 30 · Oldest Billionaire: Frank Lowy, 95 · Richest Australian: Gina Rinehart, $25.9B · 56 Billionaires in Australia · $246B Combined Wealth · $54B Total Wealth of Women Billionaires · 13 Made Their Fortune in Mining · Biggest Gainer (24 hrs): Andrew Forrest, +$294.1M · Biggest Loser (24 hrs): Richard White, -$148.9M · Youngest Billionaire: Ed Craven, 30 · Oldest Billionaire: Frank Lowy, 95 · Richest Australian: Gina Rinehart, $25.9B

Top Ten

Total Wealth: $127.6B Up $282.1M
1 Gina Rinehart
Gina Rinehart $25.9B No change
2 Harry Triguboff
Harry Triguboff $23.8B No change
3 Andrew Forrest & family
Andrew Forrest & family $21.6B ▲ +$294.1M
4 Anthony Pratt
Anthony Pratt $10.4B No change
5 Frank Lowy
Frank Lowy $8.7B No change
6 Mike Cannon-Brookes
Mike Cannon-Brookes $7.6B ▲ +$13.4M
7 Cliff Obrecht
Cliff Obrecht $7.6B No change
8 Melanie Perkins
Melanie Perkins $7.6B No change
9 Scott Farquhar
Scott Farquhar $7.2B ▲ +$11.4M
10 Kerry Stokes
Kerry Stokes $7.2B ▼ -$36.8M

*Last updated May 15, 2026. All figures are in USD.

Life

Issue 22

Billionaires

Entrepreneurs

Innovation

BrandVoice

Ideas to Save the Planet

Investing

Leadership