Obscure internet mogul tops list, movie star Nicole Kidman in top five.
A seldom-seen internet entrepreneur, TPG Telecom's Vicky Teoh, has topped BRW's inaugural Rich Women list with an estimated wealth of $390 million.
The list, released ahead of International Women's Day, highlights the 30 richest self-made women in Australia. It excludes anyone who started with an inheritance from the previous generation. Therefore Gina Rinehart is not on the list, for the same reason that James Packer never made the BRW Young Rich.
Rhonda Wyllie is Australia's second-richest woman, with an estimated $346 million earned through her work in the family property development business, Wyllie Group, where she is a non-executive director. Actress Nicole Kidman and Patricia Ilhan, the widow of Crazy John's founder John Ilhan, are next with an estimated $320 million each.
Malaysian-born Vicky Teoh and her husband David Teoh moved to Australia in 1986 and founded TPG Telecom - originally as a computer equipment business and more recently as a broadband provider.
The company is listed on the Australian Stock Exchange and David Teoh is the executive chairman and chief executive officer. Vicky Teoh owns 18 per cent of TPG in her own right and her shares gained in value from $125 million to $380 million in the past 12 months.
There were 16 women on the BRW Rich 200 last year, and six out of 100 on the Young Rich.
BRW editor James Thomson says the list is designed to celebrate the achievements of Australian women, particularly in business.
“Australian women are founding and running fantastic businesses and it's time to shine a light on their achievements,” Thomson says. “There is still a glass ceiling hanging over the Rich 200 and Young Rich lists and we think it is very important to highlight these great business people.”
BRW's top five
1. Vicky Teoh - $390 million
2. Rhonda Wyllie - $346 million
3. Patricia Ilhan - $320 million
4. Nicole Kidman - $320 million
5. Charlotte Vidor - $250 million
The full inaugural BRW Rich Women list is available on newstands, online at brw.com.au and via BRW's iPad app.