Politicians' wealth revealed as Malcolm Turnbull makes rich list again

Former Liberal leader Malcolm Turnbull made the 2010 BRW rich list for the second year running with a fortune estimated at $186 million.

His rank slipped to 197 from 182, even as his wealth increased by an estimated $8 million over the year. He was the only sitting politician to make it onto the rich list.

BRW rich 200 list: the results

BRW also estimated the wealth of federal politicians in the House of Representatives.

Prime Minister Kevin Rudd's figure came in at $56 million, largely through the wealth of entrepreneur wife Therese Rein. She is the founder of Ingeus, which provides employment services to disadvantaged job-seekers.

Mr Rudd's office had no comment on the figure.

This examination of the finances of Australia's politicians revealed Liberals tended to be wealthier than their ALP counterparts.

BRW concluded that the average wealth of Liberal MPs was $4.9 million, nearly three times the average of Labor MPs, at $1.7 million.


Shadow Minister for Finance Joe Hockey, from North Sydney, has a nest-egg of $4.4 million, mainly through property and a 25 per cent interest in an investment farm called Platypus Creek Farm.

Kalgoorlie Liberal MP Barry Haase has a fortune $4.9 million, through stocks.

Victorian Labor MP Mark Dreyfus holds $4.2 million in shares and property, BRW said.

BRW is owned by Fairfax, publisher of this site. It examined the value of members of the House of Representatives only. Totals are skewed lowered because most politicians would not reveal the value or amount of shares they own.