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Gina Rinehart tops this years Rich List with an estimated wealth of $38.1 billion.
Pick & Scroll News
May 30, 2025
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Good morning. If your life goal was to become Australiaās richest person, it got $2 billion easier this year.
Gina Rinehart remains the richest Australian, despite her wealth dropping $2 billion to $38.1 billion, according to this yearās Rich List. Despite the drop in iron ore, mining was the place to be, followed by property.
Just remember, money doesnāt buy happiness, but it does spare you the need to clarify that tap water will suffice when a waiter asks if you want sparkling water.
All the headlines and more below...
AUSTRALIAN NEWS
State of Origin clash was the most-watched TV event of the year
NSW's State of Origin victory attracted 3.8M viewers, including 963,000 streaming viewers, making it Australia's most-watched television event. LINK
Franking credits will be affected by the new superannuation tax on balances above $3M. LINK
Australian homebuyers are paying $118,000 more for energy-efficient properties as sustainable features drive premium prices. LINK
Australia's research and development investment remains at 1.68% of GDP, falling below the 2.7% OECD average. LINK
Australia continues pushing for the removal of Trumpās US tariffs, whilst higher duties remain on steel. LINK
Australia's wine industry faces a global surplus as grape prices fall 70% below average. LINK
GLOBAL NEWS
US federal court blocks Trumpās tariffs, ruling that he lacked the authority to instate them
COMPANY NEWS
Supermarkets hit rock bottom as Australiaās most distrusted industry, with Bunningsā trust slipping
Bunnings remains Australia's most trusted brand even as distrust mounts due to market dominance concerns. LINK
Tinder plans to enhance the dating app with AI, safety features and product innovations to improve user experience. LINK
Virgin Australia plans to offer staff $3,000 in share rights ahead of its ASX return. LINK
Google may face an Australian class action lawsuit after a US court found illegal monopoly practices in digital advertising. LINK
Apple will adopt yearly names for operating systems to unify branding across devices. LINK
Former CFMEU NSW leaders have admitted to accepting $30,000 in bribes from a Chinese contractor for construction project access. LINK
CFMEU NSW has lost 17% of its members amid administrative takeover and leadership disputes. LINK
Healthscope has secured financial relief from Australian lenders that could boost profits by $100M through debt reduction and contract renegotiation. LINK
Tesla will begin testing its robotaxi service in Austin, Texas on June 12. LINK
Tesla plans to deliver its first driverless Model Y vehicle in June following successful testing in Texas. LINK
Salesforce has raised its FY26 forecasts as enterprise cloud spending and Agentforce monetisation continue to grow. LINK
Clarity Pharmaceuticals has successfully imaged its first participant in a phase 3 prostate cancer diagnostic trial. LINK
Nvidia has exceeded quarterly sales expectations while forecasting an $8B revenue loss due to US export restrictions to China. LINK
Elders must divest rural supply stores to secure ACCC approval for its $475M acquisition of Delta Agribusiness due to competition concerns. LINK
ONE MORE SCROLL
Editorās Pick: Kim Jong Unās new warship capsizes at launch due to āabsolute carelessness.ā
Draft Pick: NBA on notice as Thunder make history.
Odd Pick: HubSpot CEO avoids the Sunday scaries simply by working on the weekend.
TOGETHER WITH
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TRIVIA
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