Who are the richest people in transport?

The top 10 powerbrokers of Australia’s transport industry have been revealed.

‘The List: Australia’s Richest 250’ was published this week by News Corp Australia. It is reported to be the biggest annual study of Australia’s wealthiest individuals and living philanthropists undertaken in the country.

Lindsay Fox secured an overall ranking of 20 but takes the top spot in the transport segment with a valuation of $4.36 billion.

He founded logistics company, Linfox, in Melbourne, 1956, with one truck and has since grown the business which now has more than 24,000 people across Australia, New Zealand and Southeast Asia.

According to the Prime Mover Premier Commercial Fleet Guide, Linfox topped the ranking for total trailers (approx. 2,500) and prime movers (2,000) compared to all other fleets in the country.

Terry and Arthur Tzaneros of container logistics operator, ACFS Port Logistics, follow with a valuation of $972 million each.

Terry Tzaneros ranked in position 135 overall (industry rank two) with Arthur Tzaneros immediately behind (overall rank 136, industry rank three).

In recent years ACFS Port Logistics has seen growth across its intermodal footprint as well as considerable investments in Performance-Based Standards (PBS) high productivity vehicles.

Earlier this month ACFS Port Logistics rolled out Vawdrey 30m A-double curtainsider Titeliner trailers which capitalised on the business’ three-pillar promise of maximising TEU, weight and cube.

Spiros Alysandratos secured industry rank four (165 overall) with a valuation of $769 million. He founded Consolidated Travel Group, a distributor of airline products.

Graham Turner takes industry rank five (225 overall) with a valuation of $565 million. He co-founded Australia’s travel agency network, Flight Centre Travel Group.

He is followed by the other co-founders Geoff Harris (valuation: $546 million) and Bill James ($536 million).

Waste management operators, John Richards & Family, secured industry rank eight (84 overall) with a valuation of $1.49 billion.

At industry rank nine (161 overall), Ian Malouf has a valuation of $807 million and is the founder of waste management service provider, Dial A Dump Industries. In 2018, this business was sold to Bingo Industries. He is also a yacht broker.

Tony Tartak & Family take industry rank 10 (167 overall) with a valuation of $759 million. This family founded waste management and recycling firm, Bingo Industries.

As for the overall top 10 of 2022, Australia’s richest individuals are:

Rank Name Valuation Industry State Of Residence
1 Gina Rinehart $32.64b Mining WA
2 Andrew Forrest $31.77b Mining WA
3 Anthony Pratt & Family $27.77b Manufacturing VIC
4 Mike Cannon-Brookes $26.20b Technology NSW
5 Scott Farquhar $25.99b Technology NSW
6 Harry Triguboff $20.81b Property NSW
7 Clive Palmer $18.35b Mining QLD
8 Cliff Obrecht $15.89b Technology NSW
9 Melanie Perkins $15.89b Technology NSW
10 Ivan Glasenberg $9.10b Mining Overseas

Please note the team that prepared the top 10 industry ranking (Cardinal Spin) did not include Anthony Pratt & Family in the line-up, the owners of VISY Logistics.