New dynasties are taking charge of the Australian cattle industry | Farm Weekly farmweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmweekly.com.au Daily Mail and Mail on Sunday newspapers.
Among the latest large-scale farming properties to hit the market is the Marshmead aggregation in northern NSW, being sold by billionaire Sir Michael Hintze.
From vineyards to berry farms and cattle and grain properties: meet the world’s billionaires who are spending up big on blue chip rural Australian real estate.
From vineyards to berry farms and cattle and grain properties: meet the world’s billionaires who are spending up big on blue chip rural Australian real estate.
They are the billionaires of the bush. The top-end-of-town men and women known more for their boardroom acumen, who are forging a very large stake in our prime agriculture real estate. And they are not all Australian. An investigation into farm ownership in Australia can reveal some of the world s richest business figures - from the high-rise offices of New York, Hong Kong, London and Shanghai - are digging deep into the pockets of their tailor-made suits to participate in a multi-billion dollar buy up of some of our most iconic properties. Fifteen of the richest investors have a combined wealth of more than A$185 billion. Leading the charge is Hong Kong s richest person, the 92-year-old Sir Li Ka-shing (net worth: $A44.82 billion), whose CK Life Sciences company has about $1 billion invested in Australian farmland, from vineyards to grain properties and berry farms.