It ain’t mining, but healthcare still has rivers of gold

See who health’s billionaires are, according to the Richest 250 of 2025 list, published today.

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There are four Australian billionaires who have made their fortune in healthcare, but they are still not wealthy enough to crack the top 20 of this year’s Richest 250 of 2025 list, published today.

Sam Hupert and Anthony Hall, co-founders of radiology imaging software firm Pro Medicus come closest, topping out at 21^st and 22^nd respectively on the list dominated as usual by mining magnates and property developers.

Mr Hupert’s wealth hit the $7 billion mark, up a whopping 163% from his 2024 haul of $2.66 billion. Mr Hall is worth $6.96 billion, up from $2.69 billion last year.

Hupert and Hall built a practice management system for doctors in 1984, starting with secure email and digital systems. They listed Pro Medicus on the ASX in 2000 and then narrowed focus to radiology imaging software, a good move given the company has become one of the ASX’s hottest stocks.

Both men remain executives and major shareholders despite selling a combined $250 million of stock in December last year. Mr Hall has also invested in Clean Seas Seafood and Yumbah Aquaculture.

Coming in at 55^th on the list is the executive chair of DBG Health, Dennis Bastas with a total wealth of $3 billion, up from $1.63 billion in 2024.

DBG owns Arrotex, Australia’s largest generic drug manufacturer, a suite of wellness and beauty brands including MCo Beauty and Nude by Nature, health services arm Axe, and a pharmacy support business.

In 2023 Mr Bastas completed a $1 billion private debt deal to merge Arrotex with Jun Pharmaceuticals after owning both with Canadian investors. He is also the founder and executive chairman of genomic firm myDNA.

Imelda Roche, matriarch of the Roche Group and founder of Nutrimetics Australia, is technically no longer in the healthcare business, having sold the business in 1997 and putting the proceeds into property, notably in northern NSW and Queensland.

Mrs Roche comes in at 130^th on the list with a $1.3 billion nest egg, down from $1.4 billion in 2024.

Aged care success story Regis Healthcare propelled cofounders Ian Roberts ($682 million) and Bryan Dorman ($644 million) to 239^th and 246^th on the list, respectively. The pair established Regis in 1991, building it to more than 50 facilities before floating it in 2014.

Regis had a good year in 2014, doubling its share price on the back of acquiring new aged care homes and strong financial results.

Mr Roberts remains a non-executive director and the company’s largest shareholder. Mr Dorman sold about $68 million of his Regis shares in 2024 and retired from the board in October, but maintains a large shareholding, and also has his Dorman Capital family office.

Former Newcastle Knight rugby league star Adam McDougall comes in at 245^th on the Rich List with an accumulated wealth of $650 million.

Mr McDougall founded Cranky Health, a nutrition company that produces the popular meal replacement product, The Man Shake.

Private Equity Partners made a reported $400 million investment in Cranky in 2022, and he also has property holdings and a stake in ASX-listed microcap HITIQ, which has a mouthguard that measures head impacts, via his and wife Belinda’s private investment entity Harmil Angel Investments.

The top 10 richest people in the country are:

1. Gina Rinehart – Hancock Prospecting, $46.34 billion
2. Harry Triguboff – Meriton, $31.48 billion
3. Mike Cannon-Brookes – Atlassian, $29.45 billion
4. Scott Farquhar – Atlassian, $29.19 billion
5. Anthony Pratt – Visy and Pratt Industries, $28.57 billion
6. Clive Palmer – Mineralogy, $22.32 billion
7. Nicole Forrest – Tattarang Capital, $16.06 billion
8. Andrew Forrest – Fortescue Metals Group, $15.01 billion
9. Richard White – WiseTech Global, $14.82 billion
10. Cliff Obrecht – Canva, $14.02 billion

See the full list here.