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Harold Mitchell climbs BRW Rich 200 ladder, while Stokes and Packer maintain rankings

Media moguls James Packer, Kerry Stokes and Bruce Gordon maintained their top 20 standing in this year’s BRW Rich 200 list, while Harold Mitchell continued to climb the ladder.  

James Packer, who remains sixth on the list, has seen his fortune rise from $3bn last year to $4.10bn. His private company, Consolidated Press Holdings saw its net profit rise by $155.2m and he bagged another $50m from the sale of Consolidated Media’s Sydney headquarters.

Kerry Stokes, who owns a 68 per cent stake in the newly merged Seven Network and WesTrac saw his fortune rise from $1.9bn last year to $2.29bn. He remains 11th on the list.

Bruce Gordon, owner of WIN Television, maintained his 19th position, rising from $1.27bn to $1.65bn.

Harold Mitchell, executive chairman of Mitchell Communication Group, saw his fortune rise from $180m last year, to $243m. He’s risen from181 last year to 169.

Mitchell Communication, the marketing communications group owns agencies including Mitchell & Partners, MPG, Emitch, Media Contacts and Haystac.

In terms of falls within the media industry, John B and Timothy Fairfax fell from 56 and 57 respectively on the list last year to 65; while Robert Magid, Ten Network director, fell from 105 last year to 114. Reg Grundy also fell from 35 to 40.

Meanwhile, Westfield shopping centre co-founder Frank Lowy has topped the overall list for the first time with a $5.04bn fortune.

Last year’s number one Anthony Pratt is now in third place with $4.60bn wealth, up from $4.30bn a year ago.

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