May 28, 2026 – 5.00amCycling enthusiast Ivan Glasenberg has broken from the peloton to knock tech billionaire Scott Farquhar from the No.4 spot on the Financial Review Rich List, with the former Glencore chief executive’s fortune increasing by 68 per cent to $22.4 billion, from $13.3 billion in 2025.With the top 178 rankings on the 2026 Rich List carrying estimated fortunes of $1 billion and above, it’s clear the rich are still getting richer. The country’s 200 largest fortunes have collectively leapt $39 billion to total $707.25 billion – 31 per cent of which is controlled by the country’s 10 wealthiest families.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles