Visy Industries executive chairman tops Rich List

Head of largest privately-owned recycling company tops AFR's Rich List for the third year.

Visy Industries executive chairman Anthony Pratt has topped the Australian Financial Review’s Rich List for the third consecutive year.

Pratt’s wealth is estimated at $15.9 billion, up from $12.9 billion last year, according to the Australian Financial Review.

Visy Australia, which grew earnings 8 per cent to $680 million, was established in Melbourne in 1948 and has grown to become one of the world’s largest privately-owned paper, packaging and recycling companies.

Other waste management companies featured in the annual list included JJ Richards and Sons, ranked 133.

JJ Richards and Sons is one of Australia’s largest waste management companies. Owned and operated by the Richards Family, the company provides recycling, sanitary and green waste collection services.

Last year the business reported revenue of $751 million, a net profit of $42 million and dividend of $15 million, the Australian Financial Review reports.

Making his Rich List debut this year at 159 was Dial A Dump founder Ian Malouf, with a reported wealth of $623 million following Bingo Industries’ acquisition of Dial A Dump in February this year.

The acquisition, which was under investigation by the competition watchdog for six months, resulted in Malouf receiving  more than $300 million in cash and $200 million in Bingo shares.

Read the full list here.

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