It seems when it comes to the rich, some people have a knack of making money.
For the first time in 19 years, convicted fraudster Alan Bond has returned to the famous BRW rich list, while Packer clan has been relegated from first to third place.
Westfield Giant Frank Lowy sits in second on the list.
BRW Editor Shaun Aylmer says Australia's richest man is worth an estimated $9.4 billion.
“There’s no Packer at the top of the Rich List.”
“The new king is Andrew Forest, the iron ore magnate who tomorrow delivers his first load of iron ore to China.”
“The other real surprise is that Alan Bond is back.
He’s worth about $265 million thanks to some dealings in Africa.”