Xero gives ‘low performers’ 30-day ultimatum amid CEO pay push

Leaked Slack messages reveal the company’s crackdown on underperformers.

Life

2026 FIFA World Cup

Round of 32 LIVE
Loading fixtures…

Issue 23

Billionaires

Australia’s Richest People

57 Billionaires in Australia· $242.0B Combined Wealth· $53B Total Wealth of Women Billionaires· 13 Made Their Fortune in Mining· Biggest Gainer (24 hrs): Mike Cannon-Brookes, +$254.8M· Biggest Loser (24 hrs): Andrew Forrest, -$172.7M· Youngest Billionaire: Ed Craven, 30· Oldest Billionaire: Frank Lowy, 95· Richest Australian: Gina Rinehart, $24.7B· 57 Billionaires in Australia· $242.0B Combined Wealth· $53B Total Wealth of Women Billionaires· 13 Made Their Fortune in Mining· Biggest Gainer (24 hrs): Mike Cannon-Brookes, +$254.8M· Biggest Loser (24 hrs): Andrew Forrest, -$172.7M· Youngest Billionaire: Ed Craven, 30· Oldest Billionaire: Frank Lowy, 95· Richest Australian: Gina Rinehart, $24.7B

Top Ten

Total Wealth: $123.6B Up $437.0M
1Gina Rinehart
Gina Rinehart$24.7BNo change
2Harry Triguboff
Harry Triguboff$22.7BNo change
3Andrew Forrest
Andrew Forrest & family$17.9B▼ -$172.7M
4Anthony Pratt
Anthony Pratt$11.0BNo change
5Frank Lowy
Frank Lowy$8.8BNo change
6Mike Cannon-Brookes
Mike Cannon-Brookes$8.0B▲ +$254.8M
7Scott Farquhar
Scott Farquhar$7.7B▲ +$248.5M
8Vivek Chaand Sehgal
Vivek Chaand Sehgal$7.6B▲ +$106.4M
9Melanie Perkins
Melanie Perkins$7.6BNo change
9Cliff Obrecht
Cliff Obrecht$7.6BNo change

*Last updated July 10, 2026. All figures are in USD.


Entrepreneurs

Innovation

BrandVoice

Ideas to Save the Planet

Investing

Women's Summit

Leadership