In good news for migrants, about a quarter of Australia's 250 richest people were born overseas, according to a new list - more than double the total number of women featured.
And when it comes to the top 10 spots in The List: Australia’s Richest 250, which will be published in the Weekend Australian on Saturday, the representation is even higher with five of the richest multi-billionaires born abroad.
"We've got so many migrant success stories on this list," The List editor John Stensholt told SBS News.
"About a quarter of the 250 were born overseas, including 13 from China alone and about a dozen from Eastern Europe."
Topping the list for the third time in a row is Visy executive chairman and owner of Pratt Industries, Anthony Pratt. The 58-year-old boasts a fortune of $13.14 billion, made largely from producing boxes and packaging material.
Coming in a close second with a net worth of $13.12 billion is Gina Rinehart, an Australian mining magnate and the only woman to crack the top 10.
Harry Triguboff, a Chinese-born real estate developer of Jewish-Russian decent, is the richest Australian born overseas, according to the list.
Now the founder and managing director of Meriton, Triguboff became an Australian citizen in 1961 and worked a variety of jobs before buying his first property in Roseville.
"A lot of Australia's wealth is still in the hands of people in some old industries: manufacturing and mining, property," Mr Stensholt said.
"But there are a lot of technology people emerging and two of the youngest people on the list are fitness gurus from Adelaide - Kayla Itsines and Tobi Pearce, who are 27 and 26 respectively."
Representing the emerging tech industry is Mike Cannon-Brookes, who was born in the US, and Scott Farquhar, who came in at number four and five respectively, earning their fortunes through Australian software company Atlassian.
The business partners, both 39 years old, have a net worth of $9.01 billion each.
Former Westfield chairman Frank Lowy (number six), property developer Hui Wing Mau (number seven) and mining company Glencore CEO Ivan Glasenberg (number nine) were all born abroad, in Slovakia, China and South Africa respectively.
"There are so many people that came to Australia with nothing and really made their fortune here. Australia really is still the lucky country in that regard," Mr Stensholt said.
"Frank Lowy ... came to Australia almost penniless after World War Two, survived the Holocaust, his family came here, with virtually nothing and he built up the Westfield retail chain, which was huge. He's someone who really encapsulates that rags to riches story of Australia."
While the list had some good news with more migrants featured, the same cannot be said for women. Of 250 people, only 27 were female. Mr Stensholt added that the majority of individuals hailed from Australia's biggest cities, Sydney and Melbourne.
According to the list, the collective wealth of Australia's richest 250 people is $318.33 billion, which equates to each person having a whopping $1.27 billion on average.
