Preparation has begun for the 2007 BRW Rich List so it’s time for the Crikey Army to give new editor Peter Roberts a hand in pointing to the names that need to be added.
We produced 100 names on the Crikey Revised Wealth (CRW) list last year, but only nine of them cut the mustard for BRW, which lifted the threshold from $110 million to $130 million.
The stockmarket boom means that this year there are some blindingly obvious names that we both missed in 2006, so we’ll start with five from the coal club who are hopefully parlaying some of their wealth into some schemes to be personally carbon neutral:
Brian Flannery: managing director of coal miner Felix Resources who owns 27.2 million shares which are worth $133.8 million after the stock tripled to $4.92 since last June.
Travers Duncan: deputy chairman of coal miner Felix Resources whose 27.69 million shares are worth $136.2 million.
Roger Massey-Greene: the former chairman of Excel Coal owned 13.1 million shares which fetched $124.5 million when US firm Peabody Energy offered $9.50-a-share last year.
Richard Chadwick: veteran global coal player who was deputy chairman of Excel Coal and owned 29 million shares which were sold into Peabody Energy’s $9.50-a-share offer last year for $275.5 million
Andrew Plummer: investment banker and mining engineer who was an executive director of Excel Coal and sold his nine million shares into Peabody Energy’s takeover for $85.5 million last year.
It’s fair to assume that Bob Brown’s Greens won’t be getting any donations from these chaps, but it does suggest that the industry isn’t exactly on its last legs and could perhaps easily absorb a carbon tax in the present environment.
There will be many more new names to emerge in the coming weeks thanks to the resources boom and broader stockmarket bonanza over the past 12 months, so send your suggestions through to [email protected].