Kerry Stokes’ private company Australian Capital Equity reported a 70 per cent year-on-year drop in annual profit last year, as the value of its asset book closes in on $3 billion.
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Business News Rich 100: WA's billionaire ranks rise
The collective wealth of the top 100 richest people in Western Australia amounts to $160 billion – with 19 billionaires – according to data Business News used to assemble the 2025 Rich 100, which was launched last night.
Led by two women – Gina Rinehart and Nicola Forrest – the Rich 100 are collectively worth 10 per cent more than the 2024 list members, who held $145 billion between them.
Mrs Rinehart, also Australia’s wealthiest person, retains her position at the top of the list.
Senior journalist Claire Tyrrell speaks with WA’s leading residential builders, who are rediscovering stability after several tumultuous years.


