News Articles for Neil Rae

Resources billionaire Gina Rinehart has been named Australia's wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

The last 10 days of 2016 were a busy period for WA corporate deals, with the Rae family attracting a bumper price for its Gull New Zealand business, Chinese group MMG selling the Golden Grove mine, Diploma Group going into receivership and seven new listings on the ASX.

The entrepreneurial sub-culture of WA business was established more than a century ago.

The state's largest independent fuel company, Gull Petroleum, has been acquired by Archer Capital-backed Ausfuel for an undisclosed sum.