Old, rich, white men rule
AAP
If money is power, then it’s rich white men who rule the nation.
Women and non-white Australians, meanwhile, are almost completely powerless.
Just 14 women made the BRW 200 rich list, which was published on Friday. Only six made it into the top 100.
• Record number of Australian millionaires
• Abbott taking from the poor, giving to the rich on super
• Business investment nose-dives
Meanwhile, just 10 of the top 200 richest were non-white, two of them women.
That means that 178 of the 200 richest people in Australia are white men. That’s 89 per cent. Judging by the surnames, the vast majority are of British or Irish heritage.
Gina Rinehart remains by far Australia’s richest person, but she is the exception that proves the rule.
The second richest woman is Vicky Teoh, who made the list together with her husband David Teoh. The latter got the biggest chunk of the glory in the BRW’s write up.
Third and fourth richest women were sisters Leonie Baldock and Alexandra Burk, who inherited their wealth from their grandfather, WA mining magnate and one-time partner of Lang Hancock, Peter Wright.
The fifth richest woman was Judith Nielson, who made the list after separating from her billionaire husband, fund manager Kerr Neilson.
The sixth richest woman on the list is the aunt of Baldock and Burk and daughter of Peter Wright. Like her nieces, she also inherited her wealth from father Peter Wright.